Lower oil and liquefied natural gas (LNG) prices, both off by around 40 percent and 60 percent in the past year respectively, will continue to change the global energy landscape, impacting everything from when and if new energy projects go forward, capex spending decisions at integrated oil majors, and even geopolitics. There is not much… Keep reading →
Lower oil and natural gas prices have yet to find a floor since plunging last year. Oil prices, both global bench mark ICE-traded Brent and New York Mercantile Exchange traded West Teas Intermediate (WTI) crude prices have plunged by around 40 percent since this time last year amid decreased global oil demand and a supply… Keep reading →
Talk of building liquefied natural gas (LNG) receiving terminals in the Philippines has been ongoing for years. However, those talks mostly lead nowhere amid regulatory and financing hurdles, as well as companies trying to appease not only officials in Manila but provincial officials who often scared away international business with their under the table demands… Keep reading →
Both Malaysian state-owned oil major Petronas and the British Columbia (BC) provincial government refuse to throw in the towel on the Petronas-led C$36 billion (US$32 billion) Pacific Northwest LNG project in BC. On Friday, Petronas said that in the coming weeks it will announce a “conditional” final investment decision (FID) on its proposed terminal. The… Keep reading →
Just a few years ago hopes were running high Down Under. Liquefied natural gas (LNG) prices were increasing almost every month on the back of increased gas demand from Japan amid the shut down of its 50 nuclear reactors after the Fukushima nuclear accident in March 2011. Australia, who had already begun an unprecedented LNG… Keep reading →
The Western Canadian province of British Columbia (BC) is trying to get its liquefied natural gas (LNG) export plans together, they really are. However, problems are besetting the country’s once high-flying ambitions. As the price of crude oil, both global Benchmark Brent and NYMEX-traded West Texas Intermediate (WTI) plunged by over half since mid-June, BC’s… Keep reading →
Supply dynamics are changing liquefied natural gas (LNG) markets, especially in the Asia-Pacific region that accounts for two-thirds of global LNG demand. From an era of limited natural gas supply and record high prices exceeding $20 per million British thermal units (MMBtu) due to increased LNG demand from Japan, the world’s top LNG importer, in… Keep reading →
At the beginning of the year the proposed $6 billion Jordan Cove Energy Project looked like nothing could stand in its way. The project is slated to be built in Coos County on the southern Oregon coast by Calgary-based Veresen Inc. and is one of more than a dozen US based liquefied natural gas (LNG)… Keep reading →
The recent surprise drop in crude oil prices is having big impacts on international LNG prices and may cause a slowdown in the development of LNG export plants globally. LNG is liquefied natural gas, cooled to a temperature of -260° F, for the purpose of compression and transportation. International shipments of LNG by container ship… Keep reading →
One of the world’s first LNG exporters – Indonesia – is facing increasing domestic demand and dwindling gas reserves, motivating national oil company Pertamina to secure LNG imports. The company has already contracted supply from Cheniere Energy starting 2018 and recently announced plans to acquire a stake in a US Eagle Ford Shale producer before… Keep reading →
