LNG Market Shifting Attention to Summer as Demand Remains Weak Across Asia, Europe – LNG Recap
The LNG market was again muted as the week got underway with hotter weather and restocking demand still in the offing.
Managing Editor, LNG
Pittsburgh, PA
The LNG market was again muted as the week got underway with hotter weather and restocking demand still in the offing.
TotalEnergies SE said its LNG sales slipped in the first quarter as a result of lower spot volumes linked to a decline in European demand during a mild winter.
Jera Co. Inc. has signed on as an offtaker from Venture Global LNG Inc.’s CP2 export project under development in Cameron Parish, LA.
NextDecade Corp. CEO Matthew Schatzman said this week that FERC’s order reaffirming its approval for Rio Grande LNG was a crucial milestone that’s likely to vault sanctioning of the project across the finish line.
Sendout at French LNG terminals has returned to normal levels as labor strikes that started early last month have for now ended, boosting European import capacity and helping to keep the lid on natural gas prices there.
The U.S. Department of Energy (DOE) has denied an Energy Transfer LP affiliate’s request to again extend the deadline for starting exports from its proposed Lake Charles LNG facility in Louisiana.
Delfin Midstream Inc. on Monday announced another binding agreement to sell LNG to an affiliate of commodity trader Hartree Partners LP and said it expects to sanction its floating offshore production facility in the Gulf of Mexico (GOM) by the middle of the year.
Natural gas demand in the European Union (EU) has dropped significantly over the last eight months, surpassing a voluntary target to cut consumption that was adopted by the bloc last August, according to data released by Eurostat.
NextDecade Corp.’s Rio Grande LNG project has cleared a major hurdle that opens a clearer path to reaching a final investment decision (FID) after FERC reaffirmed its approval for the facility and an associated pipeline in a long-awaited order issued late Thursday.
The three-year La Nina that ended in March could give way to hotter temperatures in Asia this summer and boost consumption of natural gas and other fossil fuels across the region.