Natural Gas World - Natural Gas & LNG News & Analysis
Natural gas producers press Harris for answers in battleground state. China to start up Guangdong LNG terminal, ExxonMobil has 20-yr access. Vietnam's first LNG power plant to start commercial operations from April, 5 months behind target. Osaka Gas, MHI to launch CO2NNEX platform for e-methane, carbon-recycled fuels.
Low gas prices, LNG demand in spotlight at Gastech conference
Sep 16, 2024 · Gas prices are currently around $2.33 per mmBtu and have only traded above $3 a few times this year. Henry Hub gas prices are expected to average $2.19 per mmBtu this year, the U.S. Energy Information Administration (EIA) said this week in a monthly report, lowering its estimate by 11 cents from the prior forecast.
Texas gas plant proposal rejected from state financing program
Sep 6, 2024 · The Public Utility Commission of Texas (PUTC) rejected the application for state-backed funding late on Wednesday for a 1.3 gigawatt natural gas plant proposed by Aegle Power. The commission said the application "failed to meet due diligence requirements." The National Gas Company of Trinidad and Tobago Limited (NGC) NGC’s HSSE strategy is ...
ADNOC pens 15-year LNG supply HoA with Indian Oil
Sep 9, 2024 · Abu Dhabi’s ADNOC has entered into a 15-year heads of agreement with IndianOil, the state-owned Indian energy company, for the supply of 1mn tonnes/year of LNG, as announced by the Abu Dhabi Media Office on September 9. The announcement followed a meeting between Sheikh Khaled bin Mohamed bin Zayed Al …
Investors turned more bearish on oil last week than ever
Sep 17, 2024 · NEW YORK, Sept 16 (Reuters) - Investors were more bearish than ever on crude oil last week, deepening a months-long selloff that pressured prices to multi-year lows amid growing concerns of weak demand in top consuming nations. Negative sentiment swept oil markets so strongly that short positions on Brent crude overtook long positions for the ...
Harris understands fracking ban raises energy costs, industry execs …
Sep 18, 2024 · HOUSTON, Sept 17 (Reuters)- U.S. Vice President Kamala Harris understands natural gas prices will rise if fracking is banned, industry executives said on Tuesday, explaining their confidence that the Democratic candidate will not ban the production method if she becomes president. Fracking, a major industry in battleground state Pennsylvania ...
BP restores its faith in oil and gas [Global Gas Perspectives]
Sep 4, 2024 · Based on the current global energy system trajectory, BP forecasts that oil demand will be close to 98mn barrels/day by 2035, about 5mn b/d up on last year’s estimate. It points out that any decline in the use of oil for road transport will be offset by rising oil demand in the petrochemicals industry. Similarly, the Outlook’s natural gas ...
Sempra Infrastructure says Costa Azul LNG project delayed by …
Aug 7, 2024 · Phase 1 is expected to cost $13 billion. Sempra recently signed a fixed-priced contract with Bechtel for an undisclosed sum to construct phase 2. Sempra Infrastructure's Energia Costa Azul LNG export project in Mexico has been further delayed by labor and productivity challenges that will boost the project's cost, the company said on Tuesday.
Greece to expand gas hub role despite predicting sharp fall in its …
Sep 9, 2024 · Greece to expand gas hub role despite predicting sharp fall in its own demand [Global Gas Perspectives] Greece’s revised National Energy and Climate Plan (NCEP), released in late August for consultation, forecasts a 70% decline in natural gas demand by 2050 versus the level in 2022, as renewables rise to dominate the country’s power system.
Japan's MOL, Chevron to launch world’s first wind-assisted LNG …
Sep 13, 2024 · Japanese shipping company Mitsui O.S.K. Lines (MOL) and Chevron Shipping Company announced on September 13 that they have reached an agreement to install the Wind Challenger, a hard sail wind-assisted propulsion system, on a new LNG carrier. This system, developed collaboratively by MOL and Oshima Shipbuilding, will be featured on an LNG ...