Satellite photos show the ship that is a prime candidate to finish the controversial Nord Stream 2 gas pipeline linking Russia and Europe has docked at a key port in Germany. The Akademik Cherskiy has moved into the port of Mukran, about 300 kilometers (186 miles) north of Berlin, where …
Read More »CNG Helps Raise Iran Gasoline Exports
Compressed natural gas (CNG), an alternative fuel, has been used in Iran’s transportation fleet for more than a decade.
Read More »Asian Spot LNG Prices Jump by 20% on Cargo Cancellations, Improving Demand
Asian spot prices for liquefied natural gas (LNG) have jumped by at least 20% in a week as supply of the super-chilled fuel tightens amid fewer cargoes arriving from the United States and as demand rebounds in the region, several traders said. Several cargoes have changed hands at $2.40 to …
Read More »Word’s Biggest LNG Exporter Positioned to Risk a Harsh Battle that could Mimic Oil’s Plunge
Hemmed in by weak demand and scarce storage, the world’s biggest exporter of liquefied natural gas may soon face a stark choice: curb output or ignite a battle for market share that has the potential — just as in the oil market — to turn gas prices negative. Qatar began …
Read More »SPGC Eyes Rising Butane Output from SP Phases 17, 18
The director of the 7th South Pars Refinery said the facility’s butane output was planned to increase dramatically in the current Iranian calendar year which began on March 20.
Read More »Market Uncertainty Helps Qatar to Secure Top Spot in Global LNG Market
Despite – or perhaps because of – the global overhang in liquefied natural gas (LNG) supplies, a weak demand profile, and ongoing uncertainty in the hydrocarbons market overall, Qatar believes that the long experience and supportive infrastructure that it has accrued in the sector since first becoming an LNG exporter …
Read More »Global LNG Sector Faced with Depressed Demand and Falling Prices
The global liquefied natural gas (LNG) sector has been hit by supply overhang followed by COVID-19-induced economic slowdown and lower demand worldwide. Haseeb Ahmed, oil and gas analyst at GlobalData, commented, “Due to the sharp fall in oil prices, spread between oil-indexed long-term LNG contracts and spot contracts have considerably …
Read More »Global Gas and Pipeline Sector Faces Deep Crisis
As a result of an unprecedented drop in global prices and demand, the global pipeline industry is looking at extended delays and stalls.
Read More »LNG Buyers Cancel Cargoes as US Natgas Becomes Most Expensive in World
U.S. natural gas prices topped benchmarks in both Europe and Asia for the first time ever this week, giving buyers of U.S. LNG another reason to cancel cargoes. Front-month gas futures for June delivery at the Henry Hub benchmark in Louisiana settled over both the Japan/Korea Marker (JKM) and the …
Read More »The Glut of Natural Gas could Lead to more Cancelled LNG Exports
The glut of natural gas could lead to more cancelled LNG exports in the next few months. “It is clear that yes we face today people talk lot about the oil market, but the gas markets are suffering a lot,” the CEO of Total SA, Patrick Pouyanne, told investors and …
Read More »