A LNG cargo from the U.S. has arrived in China, the first such cargo since Beijing imposed a tariff on U.S. imports, shipping data from Refinitiv Eikon showed on Nov. 12.
Japan’s Toshiba Corp. will exit its U.S. LNG business by paying China’s ENNEcological Holdings Co. more than $800 million to take over the unit as part of a plan to shed money-losing assets.
A Stratas Advisors director told Midstream Finance conference attendees that the latest look into the crystal ball of five-year outlook has U.S. supply growth positioning the country to become a net crude exporter.
Germany will likely be a buyer of LNG from the U.S. in the medium term, the government official tasked with transatlantic relations said on Nov. 2, but not as a result of any threats from Washington.
U.S. LNG company Tellurian Inc. will not be buying Toshiba Corp’s (6502.T) 20-year commitment at Freeport LNG export terminal in Texas, a senior company executive told Reuters on Oct. 31.
The delay of a U.S. Gulf Coast liquefied natural gas (LNG) export project has crystallized fears that the U.S. trade battle with China is hampering efforts to line up buyers needed to move ahead with multibillion-dollar builds.
An abundance of supply and a superior refining sector have positioned the U.S. well in the global energy trade. But threats to export success, both foreign and domestic, loom.
Total’s production rose 8.6% to 2.8 million barrels of oil equivalent per day (MMboe/d), a new record output in a quarter, supported by the start-up of production at the Kaombo project in Angola and the ramp-up of projects such as Yamal LNG in Russia.
Headline rates for shipping LNG in Pacific and Atlantic basins stand at around $140,000 to $150,000 a day for a 160,000 cubic meter LNG tri-fuel diesel electric vessel, brokers said.
Saudi Aramco Chief Executive Amin Nasser is negotiating with Russia's Novatek to invest in a large LNG project, he was reported as saying by Al Arabiya TV on Oct. 23.