The price of natural gas has increased significantly in both the US and the EU during the past year

The cost of natural gas for US consumers has increased by more than treble in the last year. According to the Energy Information Administration EIA, natural gas generates around 38% of the electricity used in the US.

Additionally, natural gas is used to heat both the water and space in ...

Request U.S. & Australian LNG

Minister of Economy, Industry, and Trade in Japan, Koichi Hagiuda stated on Tuesday that he will reiterate his request that the United States and Australia increase their production of liquefied natural gas (LNG) and ensure a stable supply to the country when he meets his counterparts in Sydney l...

No EU-related miracle drug

The energy-starved Europe can receive more gas from Algeria, Egypt, and Israel, but this will only reduce its reliance on Russian imports to a certain extent.

It is important to recognise the importance of North Africa in the commerce of natural gas. North Africa had a key role in revol...

The Gas and Oil Industry of Australia will be Doubling the Royalties

An estimate of 6 billion Australian dollars of royalties will be delivered by the oil and gas industry of Australia to the Queensland Budget in the upcoming 5years. This will result in the community directly benefiting from the LNG export projects of Queensland.

Revenue from the oil and...

Santos reports recording sales and volumes following the merger, as well as high natural gas prices

Since completing a merger with Oil Search Ltd. in December, the producer has reported its first full quarter of earnings. The addition of liquefied natural gas (LNG) and oil assets in Papua New Guinea and Alaska, according to management, boosted volumes and sales numbers over time.

Acco...

Australian LNG will not solve Europe's gas issue

Weeks before Russia attacked Ukraine, but while it was still limiting gas supplies to Europe amid growing demand and prices, Prime Minister Scott Morrison said that Australia, with its massive liquefied natural gas export sector, might step in and help. One of the advantages of LNG cargo over fix...

Will Australia's gas prices rise if Russia's supply is disrupted

As economic sanctions on Russia become more severe, efforts have been made to separate crucial energy exports from the mix. This may be just wishful thinking.

Last week, US Vice President Joe Biden stated sanctions on Russia were "particularly designed to allow energy payments to c...

Global LNG supply expected to remain constrained, BHP

The worldwide LNG market's tight supply scenario is expected to last through the second half of the fiscal year 2021-22, according to BHP, but prices may fall quickly if fresh supplies materialise.

In a blog post, BHP vice-president of market analysis and economics Huw McKay stated ...

Increased Gas Prices in Europe Lure LNG Cargoes from the US

The energy crisis in Europe is nowhere near over. With no signs of Russia backing away its troops from Ukraine or reversing the gas flow in the Yamal-Europe gas pipeline that has resulted in a much-reduced supply of natural gas to the continent, the European Union has been left in an awful state ...

US Is Currently the Highest Exporter of LNG in the World

The energy crisis in Europe and the shortages in China have increased the demand for American shipment of liquefied natural gas leading the country to become the top exporter of LNG surpassing Qatar and Australia.

For the first time, the US exports of LNG surpassed 7 million tonnes in D...

Shell Continues to Pursue Opportunities Despite LNG Troubles

Royal Dutch Shell has said that it will be working to regain shares worth 7 billion dollars from the sale of its shale business in the US due to outages of liquefied natural gas and reduced sale of fuels because of the restrictions imposed because of the Omicron variant.

Shell is the la...

Qatar’s Increased Revenue from Oil and Gas

Qatar is one of the largest exporters of LNG in the world. The country has planned to increase its public spending from the revenue gained from these exports. 

The shortage of oil and gas supply and economic recovery around the world has led to the oil prices reaching new heights. ...

Gas Crisis in Singapore’s LNG Shipment to Pakistan

GUNVOR, an LNG trading company based in Singapore has informed the Pakistani government that for the second time in a row it won’t be able to deliver this term’s LNG cargo. The cargo was due on 10th January 2022. The company also missed the previous term’s cargo that was due on ...

S. KOREAN SHIPBUILDERS RECEIVED HIGHEST ORDERS IN JAN-MARCH PERIOD

Highlights –

• S. Korean shipbuilders received highest orders in Jan-March period.
• HHIC won new orders for 126 ships or 5.32 million CGTs in Jan-march period.
• KSOE won new orders of 68 ships at $5.5 billion.
• Samsung Heavy Ind...

15 JAPANESE FIRMS FORM AN ALLIANCE TO PROMOTE CARBON-NEUTRAL LNG

Highlights –

• 15 Japanese firms form an alliance to promote carbon-neutral LNG.
• Tokyo Gas Co. and Isuzu Motors Ltd. are among the companies that have joined the alliance.
• Japan aims to reduce its carbon dioxide emissions to net zero by...

SHELL’S INDIAN UNIT STARTING RETAIL SALES OF LNG SOON

HIGHLIGHTS

• Very soon, Shell’s Indian Unit is going start the retail sales of LNG.
• Shell is planning to forge partnerships with many other entities and holders of LNG capacity to increase its reach.

Very soon, the India unit of ...

JAPAN TO BOOST EFFORTS TO SUPPORT ASIAN COUNTRIES TO SHIFT TO LNG

Highlights –

• Japan to boost efforts to support Asian countries to shift to LNG.
• Japan is known to be the world’s largest LNG consumer.
• Japan plans to procure LNG from Australia, Qatar, and the United States.
• In 2019, ...

North America small scale LNG (SSLNG) market by Current Industry Status, Growth Opportunities, Top Key Players, and Forecast till 2027-A Report by Absolute Markets Insights

• North America small scale LNG (SSLNG) market was valued at US$ 531.10 Mn in 2018 and is anticipated to grow at a CAGR of 17.2% over the forecast period (2019 – 2027).

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CONTANGO OIL AND GAS COMPANY ANNOUNCES OPERATIONAL UPDATE FOR THE YEAR

Highlights:

• The decline in commodity prices, especially in oil and gas prices in the last several days has spelled disaster for several global producers in the market.
• Contango Oil & Gas Company provided a brief update on its response to the decli...