After a 1-month low, the price of gas in Europe has seen a small increase.
The Dutch and British wholesale prices of gas traded slightly higher on Thursday morning, after having hit a one-month low the day before. This was due to full storages as well as a rising supply of liquefied gas (LNG), which offset fewer pipeline gas deliveries from Norway or Algeria.
Russell: Asia spot LNG prices fall as demand increases, but prior rally bites back:
Last week, the spot price for liquefied gas (LNG), in Asia, eased amid signs of seasonal demand peaking. The five-month rally has also reduced purchases by price sensitive buyers. The price of LNG spot for delivery to North Asia fell to $13.80 per mmBtu in the week ending Aug. 23.
Russell: Asia spot LNG prices fall as demand increases, but prior rally bites back:
Last week, the spot price for liquefied gas (LNG), in Asia, eased amid signs of seasonal demand peaking. The five-month rally has also reduced purchases by price sensitive buyers. The price of LNG spot for delivery to North Asia fell to $13.80 per mmBtu in the week ending Aug. 23.
Jordan LNG terminal awarded to AG&P consortium
A company statement said that the Singapore-based Atlantic, Gulf and Pacific, as part of a group, was awarded a contract for building an LNG terminal onshore in Jordan. The onshore Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah terminal will be constructed at the Port of Aqaba and will…
The European gas surplus is almost gone: Kemp
The record European gas surplus that was inherited in winter 2023/24 is now largely gone, thanks to a very small accumulation of stocks so far this summer 2024.Gas Infrastructure Europe (GIE) data shows that inventories in the European Union and United Kingdom are up just 336 Terawatt Hours (TWh).The accumulation is the lowest since 2012…
Wave of New LNG Export Plants Threatens to Knock Gas Prices
A flood of liquefied natural gas (LNG) export projects due online worldwide in mid-decade will vie against lower-cost renewable energy and a revived nuclear power sector, which could rock gas prices and hurt some proposed projects, analysts say.Proposed and approved new LNG plants…
Blue Hydrogen: A Key Player in the Future of Energy Transition
The energy sector is undergoing a transformation, with a growing focus on cleaner energy sources and technologies that reduce greenhouse gas emissions and contribute to a more sustainable future. In this context, hydrogen is emerging as a key player in the energy transition, with…
Twin Brothers Appoints Theriot VP
Twin Brothers Marine (TB), which is in heavy steel fabrication for the oil & gas, infrastructure and renewables industries, appointed Wayne P. Theriot as vice president of finance.Theriot will be based in Louisiana and joins TB from TTMK Holdings, a family operated private equity…
Rolling the Dice in Chaos: The Prospects of Investment in the Gas Industry
As stated in the Declaration of Malabo at the 5th Summit of Heads of State and Government of the GECF Member Countries, in order to sustain the security of demand and supply of natural gas, it is necessary to ensure sufficient investments through the entire gas value chain among all gas market stakeholders [1].Since the start of 2020…
EU Hydrogen Plan Splits Supporters Down Color-coded Lines
Energy industry lobbyists and advocates of renewable hydrogen are divided over whether the bloc should support low-carbon hydrogen produced by fossil fuels ahead of a new EU strategy next month.The EU's executive Commission plans to publish its hydrogen strategy on July 8, which…
Gastech Postponed for 2021
Gastech, one of the world's largest gas, LNG and energy industries events has been postponed for 2021 due to the COVID-19 pandemic.The event was expected to take place in Singapore in September this year, however, the organizers have now decided to delay the event to September 13 to 16…
Wood, NERA Team Up for AI-Powered Subsea Inspections
Oil and gas engineering firm Wood has teamed up with National Energy Resources Australia (NERA) to develop and deliver an AI Inspection tool for subsea oil and gas infrastructure.The companies say that the solution has the potential to revolutionize the way asset inspections are…
Gasunie Joins Offshore Green Hydrogen Project
Energy infrastructure firm Gasunie has joined as a partner at the PosHYdon project - the first offshore green hydrogen pilot being worked on in the Dutch section of the North Sea.PosHYdon integrates three energy systems in the Dutch North Sea: offshore wind, offshore gas and offshore…
Norway Offers 36 Offshore Blocks, None in Barents Sea
Norway is offering oil firms 36 offshore exploration blocks in this year's licensing round in mature areas and for the first time in a decade did not offer any blocks in the Barents Sea.All the blocks are offered in the western part of the Norwegian Sea, with interested parties asked to send their comments by May 11…
Gulf of Mexico Lease Sale Set for March
U.S. Secretary of the Interior David Bernhardt announced that the Bureau of Ocean Energy Management (BOEM) will offer over 78 million acres for a region-wide lease sale scheduled for March 18, 2020, as part of President Trump’s America First Offshore Energy Strategy.The sale would…
GasLog Sees Tighter LNG Shipping Market
GasLog, an international owner, operator and manager of liquefied natural gas (LNG) carriers, is predicting a tighter LNG shipping market, as increasing United States LNG output combines with a seasonal uptick in demand for gas, resulting in rising demand for shipping and higher…
Equinor Eyes Brazil Natural Gas Infrastructure
Norway's Equinor ASA is scouting locations on Brazil's coast to install new natural gas infrastructure, the company's Brazil chief said, as the firm's gas-heavy offshore fields come on-line in the coming years.Natural gas is considered both a promising opportunity and a vexing problem in Brazil.
China-led Consortium Bids for Cyprus LNG
The Natural Gas Public Company of Cyprus (DEFA) announced that a Chinese-led consortium has been chosen as the preferred bidder for the construction of a EUR 250 million liquified natural gas (LNG) import terminal and related infrastructure.The authorities announced that the consortium of JV China Petroleum Pipeline Engineering Co Ltd…
Gazprom Oil Touch 100mln Barrels at Badra
Russian oil producer Gazprom Neft said that its subsidiary Gazpromneft-Badra has now produced 13.5 million tonnes — or 100 million barrels — of oil in Iraqi oil field.Cumulative production at the Badra field in the five years since this asset went into commercial operation has…
EOG Bags Offshore Ireland Licence
United Kingdom-based exploration and production company Europa Oil & Gas (EOG) has been awarded a 15-year frontier exploration licence for an area in the Slyne Basin, offshore Ireland.The area includes Europa’s flagship Inishkea prospect, which lies immediately to the north-west…
