A move by Russian integrated energy company Gazprom to tie a portion of its sales of natural gas in Europe to spot prices may see increased liquefied natural gas (LNG) imports enter a recently oversupplied U.S. market, according to Barclays Capital’s Natural Gas Weekly Kaleidoscope’s “Pushing Russian Gas into the U.S.”
Southern Union Co. received approval from the U.S. Federal Energy Regulatory Commission (FERC) to bring its US$430 million Trunkline LNG (liquefied natural gas) infrastructure enhancement project in Lake Charles, La., into service.
The Natural Gas Supply Co., a cooperative of three Alaska utilities companies – Matanuska Electric, Homer Electric and Golden Valley Electric – and supported by the Alaska Natural Gas Development Authority (ANGDA) as well as the state’s largest electric utility, Chugach Electric Association, has offered to purchase the Kenai liquefied natural gas (LNG) plant from ConocoPhillips and Marathon Oil Co.
Yemen LNG (liquefied natural gas) brought the second of two LNG trains online as part of the country’s US$4.5 billion LNG plant that will process up to 6.7 million tons of LNG annually at the facility, which is located at the port of Balhaf.
Officials with China Natural Gas, Inc., a provider of compressed natural gas for vehicular fuel and pipeline natural gas for industrial, commercial and residential use in Xi'an, China, April 8 announced that the company has received local government approval from four cities in Hubei Province, China, to build liquefied natural gas (LNG) reserve stations, harbor LNG fueling stations and inland LNG fueling stations in the region.
U.S. gas markets will benefit from higher crude oil prices, as European and Asian markets will offer more attractive pricing for liquefied natural gas (LNG) than the U.S., according to a new report from Tudor, Pickering, Holt & Co. (TPH).
NorthernStar Natural Gas filed for Chapter 7 bankruptcy following the announcement that company was halting work on the Bradwood Landing liquefied natural gas (LNG) terminal between Astoria and Clatskanie on the Columbia River in Oregon due to increased costs associated with state permit delays.
GDF Suez completed construction on the US$1 billion Neptune liquefied natural gas (LNG) port off the coast of Gloucester, Massachusetts, roughly six months later than originally forecasted due to increased national security reviews.
EOG Resources Inc. signed an agreement to acquire the shares of Galveston LNG Inc., which holds a 49% interest in a planned US$2.9 billion liquefied natural gas (LNG) export facility in Bish Cove, British Columbia, Canada.
The Fars New Agency reported that the Chinese government signed US$1.2 billion deal with National Iranian Tanker Co. to build six liquefied natural gas (LNG) tankers over the next 20-25 years to transport LNG from Iran to China.
As natural gas becomes a more popular energy source in Europe and Asia, the liquefied natural gas market has been changing to meet this increased demand with both more supply and import regions opening up.
Japanese business newspaper Nikkei announced that Russia’s Gazprom reached an agreement with Japan’s Itochu Corp. and Japan Petroleum Exploration Co. to build a liquefied natural gas (LNG) in Vladivostok, Russia, that will transport gas to Japan.