Breadcrumb Trail Links PMN Business As Europe scrambles to replace Russian gas with supplies from across the globe, producers are turning to a new technology to drill quickly and cheaply: small floating plants out at sea, often made out of old tankers. Author of the article: Bloomberg News Anna Shiryaevskaya Publishing date: Nov 20, 2022 … Read more
Freeport said production could reach 2 billion cubic feet per day in January, and full production could be back in March 2023. Photo: MARIBEL HILL/Maribel Hill via REUTERS Nov. 18, 2022 12:44 pm ET | WSJ Pro Freeport LNG said Friday it hopes to begin an initial restart of its liquefied natural gas export facility … Read more
straga/iStock via Getty Images U.S. natural gas futures rose Wednesday, reversing earlier losses as colder weather forecasts appeared to outweigh expectations that the restart of the Freeport LNG export plant will be delayed, causing some liquefied natural gas vessels to turn away from the plant in recent days. Front-month Nymex natural gas (NG1:COM) for December … Read more
Breadcrumb Trail Links PMN Economy PMN Business Author of the article: Article content LAUNCESTON — The global liquefied natural gas (LNG) market is undergoing a triple flattening, with prices, volumes and seasonality leveling off after a period of volatility. While much of the market focus has been on the softening of spot prices amid signs … Read more
RiverNorthPhotography/iStock Unreleased via Getty Images Shell’s (NYSE:SHEL) liquefied natural gas trading division tallied a ~$900M loss in Q3, after traders were caught by a sharp rally in European gas prices when Russia halted supplies, Reuters reported Thursday. Shell (SHEL) – the world’s biggest LNG trader – does not disclose its trading results, but it said … Read more
Your stocks to watch for the week ahead are LNG stocks Cheniere Energy (LNG), Flex LNG (FLNG), Golar LNG (GLNG), New Fortress Energy (NFE) and Excelerate Energy (EE). X With the market in a confirmed uptrend and a “wait and see” mentality around whether the Federal Reserve will hike rates by 75 basis points this … Read more
Breadcrumb Trail Links PMN Business Author of the article: Reuters Belén Carreño and Marwa Rashad Article content MADRID/LONDON — Several ships carrying liquefied natural gas (LNG) anchored off Spain’s Bay of Cadiz are likely to stay there until late November in anticipation of a rise in European gas prices, industry sources said. Dozens of ships … Read more
Breadcrumb Trail Links PMN Business Author of the article: Article content SINGAPORE — Western Australia, the country’s top resource exporting state, is banking on growing demand for liquefied natural gas (LNG) and the metals needed for the green energy transition to sustain its economy in the coming years, the state’s mining minister said. The state’s … Read more
Article content (Bloomberg) — Germany is at risk of wasting billions of euros on boosting liquefied natural gas imports instead of moving toward sustainable alternatives like energy efficiency, according to a new report. Article content The country faces about 200 billion euros ($196 billion) of additional costs for gas imports by the end of the … Read more
Breadcrumb Trail Links PMN Business Author of the article: Article content China has asked its state-owned gas importers to stop reselling liquefied natural gas (LNG) to buyers in Europe and Asia as it seeks to ensure its own supply for the winter season, Bloomberg News reported on Monday. Halting LNG resales could create more supply … Read more