Updated Sep 25, 2024
9/25/24
Nearly a dozen market participants announced a series of deals at Gastech 2024 in Houston last week, landing more than 5 million metric tons/year (mmty) of global LNG export and import capacity as supplies are forecast to grow through the end of the decade.
Driven by a new modular upsized design and a full slate of customers for its Saguaro Energía LNG export project, Mexico Pacific Ltd. LLC is honing in on a final investment decision (FID) next year.
Intercontinental Exchange Inc. (ICE) on Wednesday again reported record liquidity across its global natural gas futures markets as trade has grown more interconnected with the expansion of LNG.
With a plethora of global natural gas and oil opportunities from which to pick and choose, BP plc wants to build volumes, but the priority still continues to be value, CEO Murray Auchincloss said Tuesday.
Extreme temperatures and plant outages in the Pacific basin have pushed Asian spot LNG prices upward, creating more competition in the market and boosting spot shipping rates.
Subdued natural gas prices and lower European demand between April and June dinged Paris-based TotalEnergies SE during the second quarter.
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).
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.
Abaxx Technologies Inc. has seen active trading of its physically settled Gulf Coast LNG futures contracts since they were launched June 28 in what the company said is a strong sign of the market’s interest.
The flood of LNG poised to hit the global natural gas market later this decade is widely expected to push prices lower, potentially broadening the super-chilled fuel’s appeal in a way that could stoke more demand and help absorb the projected supply glut.