Articles filed under International

NO. 1: Feed gas nominations at Freeport LNG continued rising on Thursday along with power supply as the facility slowly ramps back up after it was shut down more than a week ago ahead of former Hurricane Beryl’s landfall.

Worldwide gains in natural gas demand are expected to be marginal for the rest of the year, pushing down LNG spot prices and global gas benchmarks through the later half of 2024, according to the International Energy Agency (IEA).

Golar LNG Ltd. is teaming up with natural gas producer Pan American Energy S.L. (PAE) to begin exporting liquefied natural gas from Argentina for 20 years starting in 2027.

Industrial conglomerate Honeywell International Inc. sees a future fueled by natural gas, CEO Vimal Kapur said. To that end, the company is expanding its global LNG prowess with the takeover of Air Products’ liquefied natural gas process technology and equipment business.

Trading house Vitol Inc. is expanding its exposure to the LNG marine bunkering market as demand for cleaner fuels in the shipping sector reaches record levels.

NO. 1: The Freeport LNG Development LP terminal on the upper Texas coast remained offline on Thursday for the fifth day in a row since it was shuttered on Sunday ahead of former Hurricane Beryl.

U.S. LNG exports are forecast to more than double by 2030 from 2022 levels, with domestic natural gas consumption declining “only slightly” over the next 25 years, according to BP plc.

Shell plc, a top natural gas producer in Trinidad and Tobago’s offshore, is building capacity after sanctioning the Manatee field, estimated to hold 2.7 Tcf.

Hurricane Beryl weakened after coming ashore in Texas early Monday and was downgraded to a tropical storm after it disrupted some LNG feed gas demand along the U.S. Gulf Coast.

As U.S. and Middle East LNG exporters appear poised to be the dominant long-term players in the global market, competition for Asian buyers willing to pay for the next wave of supply could be heating up.