With strong government backing, Australia is moving swiftly to maximise a narrow window to expand LNG exports ahead of a wave of low-priced LNG from the US and other regions.
2 days agoThe facility sold an average of 338 truckloads of LNG per day last month compared with 312 in October.
2 days agoThe average price over the month was $12.17/MMBtu, little changed from October.
4 days agoThe company is no longer considering funding a terminal in the state of Victoria as it looks to refocus its operations on large-scale LNG export projects in the US, Mozambique, PNG and Brazil.
5 days agoThe country’s decision to further expand its liquefaction capacity is a clear signal to competitors that it will vigorously defend its share of the LNG market.
29 November 2019The CNOOC facility sent out an average of 393 tanker trucks of LNG per day last week, making it China’s top-selling terminal.
28 November 2019Egypt has struggled to find interested customers for its LNG cargoes, which could quell the impetus to boost production from its Idku and Damietta plants.
28 November 2019PNG’s new prime minister is clamping down on favourable terms ExxonMobil has long enjoyed for its PNG LNG project as he seeks to reap greater financial rewards for the state.
28 November 2019The average price of LNG produced in China reached $11.45/MMBtu last week as the country entered the heating season.
27 November 2019North Africa’s less-endowed resource holders are looking to boost domestic gas activity in a move to curb the surging cost of Algerian gas imports.
26 November 2019Average prices for spot LNG in Japan, South Korea, China and Taiwan were up by 9.07% last week, but prices closed Friday down by almost half on an annual basis.
26 November 2019LNG volumes from Russia overtook supplies of piped gas from Algeria as a source of gas imported by Spain for the first time in September.
25 November 2019Vietnam is seeing a rush to build LNG terminals in a move to displace coal in power generation and meet booming electricity demand.
25 November 2019An unfavourable commercial environment and adverse market dynamics present significant hurdles to the Nigeria LNG expansion project despite the developers closing in on FID.
21 November 2019The company is doubling down on developing its largely untapped gas reservoirs, although costs and technological challenges persist.
21 November 2019The China National Offshore Oil Corp. facility was China’s top seller for trucked LNG again last week, with Sinopec’s Beihai and Tianjin facilities in second and third place.
21 November 2019Vietnam is supporting US-backed LNG-to-power projects that are close to taking FID.
21 November 2019Tougher regulations on methane emissions being pushed by environmental groups in Europe could become a barrier to the Transatlantic LNG trade.
20 November 2019The wholesale price of China’s LNG fell to $10.56/MMBtu last week as plentiful supplies pushed prices down.
20 November 2019As fewer contractors are using the main road from Pemba to Palma, the insurgency in northern Mozambique has been drawn further north – closer to the LNG site itself.
19 November 2019Viewing 1-20 of 8,000 articles