by Dan Murtaugh and Klaus Wille (Bloomberg) Singapore’s state-owned natural gas importer brought in its first cargo of a super-chilled form of the fuel for domestic use. Pavilion Energy Pte, owned by Singapore’s Temasek Holdings Pte, unloaded the liquefied natural gas cargo from the tanker Al Oraiq on Saturday. The vessel carried the fuel from Qatar, the world’s largest LNG … [Read more...]
U.K.’s Russian Spy Scandal Spills into LNG Market
By Jessica Shankleman, Anna Shiryaevskaya and Elena Mazneva (Bloomberg) -- The spy poisoning scandal in the U.K. is spilling into energy. Prime Minister Theresa May responded to a chemical weapon attack against a former spy on British soil with a range of measures against Russia such as asset freezes and the biggest diplomatic expulsions since the Cold War. The U.K. will … [Read more...]
Shell’s Prelude FLNG Start-Up Plan Risks Losing Gas to Rivals
By Perry Williams (Bloomberg) -- After a decade planning the world’s largest floating gas export plant, Royal Dutch Shell Plc’s supplies could get tapped by a competitor first. Shell and Japan’s Inpex Corp. are both targeting gas from a connected reservoir in Australia’s remote Browse Basin, about 200 kilometers (125 miles) off its northwest coast, according to consultant … [Read more...]
LNG Rollercoaster Seen Getting Wilder Until China Builds Storage
By Anna Shiryaevskaya (Bloomberg) -- The rollercoaster that drags liquefied natural gas prices higher as demand jumps in the northern hemisphere winter is going into overdrive. After a winter in which an unexpected boost in demand from China pushed prices to three-year highs, spot LNG in northeast Asia has plummeted about 30 percent from its mid-January peak. Summer plunges … [Read more...]
Panama Canal Working to Increase LNG Vessel Capacity as Demand Grows
Executives from U.S. LNG exporter Cheniere Energy met with representatives from the Panama Canal this week in Panama to discuss the waterway's growing LNG vessel segment. Since the opening of the Expanded Panama Canal in 2016, LNG has emerged as the fastest-growing segment for the waterway in part due to the United States emergence as a gas supplier to Asia and other global … [Read more...]