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Energy U.S. Demand Hits Record For Liquefied Natural Gas U.S. natural gas demand from L.N.G. plants hit a record on Tuesday, the last day of the year, climbing to 15.2 [...]

Byline: STEVEN CHASE; Staff TAIPEI -- Taiwan is eager to buy liquefied natural gas from Canada when the opportunity becomes available as part of the island's effort to diversify supply, [...]

Natural Gas futures traded bullish on MCX due to enlargement of bets by the speculators counting on advanced demand with colder-than-normal weather expected to persist through January. Besides, curtailed inventory [...]

SINGAPORE: ASIA NATURAL GAS & ENERGY ASSOCIATION has issued the following news release: Coal use and emissions from power generation in Asia will surge in coming decades unless there is [...]

SINGAPORE -- Coal use and emissions from power generation in Asia will surge in coming decades unless there is significant new supply of U.S. liquefied natural gas (LNG), a new [...]

WASHINGTON -- The following information was released by the Environmental Defense Fund (EDF): By Hiro Shirakawa As one of the world's top five importers and financiers of oil and natural [...]

The federal government has booked a maximum number of LNG cargoes for December and January in order to tackle shortage of gas during the winter season. The Ministry of Petroleum [...]

Coal use and emissions from power generation in Asia will surge in coming decades unless there is significant new supply of U.S. liquefied natural gas (LNG), a new study by [...]

'This award strengthens Novolen's position in India and around the world, reinforcing it as the industry's leader for producing high-quality polypropylene,' said Romain Lemoine, Chief Business Officer of Polymers and [...]

2024 SEP 25 (VerticalNews) -- By a News Reporter-Staff News Editor at Computer Weekly News -- Data detailed on software have been presented. According to news reporting from Szczecin, Poland, [...]

Australia's government is confident that the country's east coast will have enough natural gas supply in the fourth quarter of 2024 to meet domestic gas demand without reducing gas exports. [...]

Canberra: The Australian Competition and Consumer Commission (ACCC) has issued the following news release: Australia's east coast gas market is forecast to have a surplus of between 69 and 110 [...]

Indias natural gas-based power generation has surged in May on the back of heat wave conditions, driving up demand for more LNG cargoes for prompt deliveries in June from state-owned [...]

European natural gas futures surged as much as 13% to above EUR38 per megawatt-hour on Monday, the highest level in six months driven by a drop in Norwegian supply due [...]

NEW YORK: Technavio has issued the following news release: The global offshore supply vessel market size is estimated to grow by USD 6.00 billion from 2024 to 2028, according to [...]

Oman LNG has signed a 10-year liquefied natural gas supply agreement with Shell, as the state-owned Omani company optimises its operations to meet global consumer demand. The deal involves up [...]

To meet the increasing power demand in the state, the Karnataka Power Corporation Limited (KPCL) will add additional 370MW to the grid from the first week of way, from the [...]

China and Europe are expected to drive the increase in demand for liquefied natural gas this year, according to a senior executive from TotalEnergies. China is back in the market [...]

Global demand for LNG is expected to rise by more than 50% by 2040, as industrial coal-to-gas switching increases in China and South Asian and Southeast Asian countries use more [...]

Global demand for liquefied natural gas (LNG) is estimated to rise by more than 50% by 2040, as industrial coal-to-gas switching gathers pace in China and South Asian and South-east Asian countries use more LNG to support their economic growth, according to Shell's LNG Outlook 2024. Global trade in LNG reached 404 M tonnes in 2023, up from 397 M tonnes in 2022, with tight supplies of LNG constraining growth while maintaining prices and price volatility above historic averages. Demand for natural gas has already peaked in some regions but continues to rise globally, with LNG demand expected to reach around 625-685 M tonnes/y in 2040, according to the latest industry estimates. Over the following decade, declining domestic gas production in parts of South Asia and South-east Asia could drive a surge in demand for LNG as these economies increasingly need fuel for gas-fired power plants or industry. However, countries in South Asia and South-east Asia would need significant investments in gas import infrastructure. The Shell LNG Outlook 2024 shows that gas complements wind and solar power in countries with high levels of renewables in their power generation mix, providing short-term flexibility and long-term security of supply. LNG continued to play a vital role in European energy security in 2023, following a slump in Russian pipeline exports to Europe in 2022, with new regasification facilities helping to improve security of energy supplies. European LNG imports remained at similar levels to 2022, despite an overall decline in European gas demand in 2023. Relatively mild winter 2023 temperatures in countries that rely on gas for heating, combined with high gas storage levels, stronger nuclear power generation and a modest economic recovery in China, all helped balance the global gas market in 2023. This helped bring down and stabilise gas prices in the key importing regions of Europe and East Asia compared to the record highs and unprecedented volatility seen from late 2021 through 2022. However, gas prices and volatility remained significantly higher in 2023 than in the 2017-2020 period. Despite a well-supplied global market in 2023, the lack of Russian pipeline gas supply to Europe and a limited amount of LNG supply growth over 2023 mean that the global gas market remains structurally tight. Original source: Shell, website: http://www.shell.com/, Copyright Shell International BV 2024., LNG; energy; market; pricing; trade; liquefied natural gas; natural [...]

Gail (India) Limited and Vitol Asia Pte Ltd on Friday announced the signing of a long term LNG supply contract, under which the Switzerland-based Dutch trading company will supply a [...]

GAIL (India) Ltd. and Vitol Asia Pte Ltd have signed a long-term LNG supply deal into India for the supply of approximately 1 million tpy of LNG for a period [...]

GAIL (India) and Vital Asia have officially entered into a long-term deal for the supply of approx. one million tonne of liquefied natural gas (LNG) annually over ten years, starting [...]

The global LNG industry will require 90 M tonnes/y of new supply by 2035 to meet growing demand, while market volatility is expected to persist as the market rebalances post 2025, according to Massimo Di Odoardo, vice-president, gas and LNG research at Wood Mackenzie. Speaking at Wood Mackenzie's Gas, LNG and the Future of Energy 2023 conference in London, Di Odoardo said that there is no end in sight to the current volatile market dynamics currently in place. Di Odoardo added that recent market dynamics are a stark reminder of how susceptible energy markets are to external shocks, including conflict, geopolitical tensions, and supply disruption. Di Odoardo added that a record 200 M tonnes/y of new supply is under construction as players bet big on Asia's push to reduce its dependence on coal and Europe's need to replace Russian gas. However, with Europe increasingly dependent on LNG, and with limited flexibility from pipeline imports and coal, Europe and Asia will both rely on global LNG availability. This will expose the market to continued price volatility. Di Odoardo said despite declining European gas demand, the anticipated decline in domestic production and imports from Algeria as the decade progresses, LNG demand across the continent will not peak until 2030. 'The recent signing of 8 M tonnes/y of LNG contracts from Qatar and its partners Shell, TotalEnergies and Eni to Europe through 2053 underpins supplier confidence in the longevity of European LNG demand,' DI Odoardo said. LNG demand will increase in Asia, the traditional main market for LNG, as imports from China and several other emerging markets in the region will rise two-fold by 2030, he said. China LNG demand will increase by 12% in 2023, while longer term demand growth is underpinned by the 50 M tonnes/y of LNG contracted over the past 2 years. Other emerging markets in Asia will also need to grapple with declining domestic supply, boosting LNG import requirements. However, he added that while rising economic growth in Asia will be a major driver of LNG demand, it is not enough. Original source: Endeavor Business Media, LLC, website: https://www.ogj.com/index.html, Copyright Endeavor Business Media, LLC 2023., LNG; market; plant capacity; sales agreement; trade; liquefied natural gas; natural gas; Eni; Shell; [...]

The Middle East, led by Qatar, will be an important region in the global LNG landscape, the International Gas Union (IGU) said in its latest report. With ongoing expansion plans [...]

WASHINGTON, DC -- The following information was released by the Energy Information Administration (EIA): Relatively full natural gas inventories in the United States and Europe and expanded global liquefied natural [...]

2024 APR 23 (NewsRx) -- By a News Reporter-Staff News Editor at Life Science Weekly -- New study results on algorithms have been published. According to news reporting from Szczecin, [...]