US Played A Key Role In Germany’s Huge Gas Deal With Qatar

US Played A Key Role In Germany’s Huge Gas Deal With Qatar

The talks between Germany and various emergency gas suppliers that OilPrice.com has been tracking for the past couple of months or so last week have resulted in two sales and purchase agreements signed between QatarEnergy and the US’s ConocoPhillips to export liquefied natural gas (LNG) to Germany for at least 15 years from 2026. Although … Read more

US LNG Is Booming, But Who Supplies The Gas?

US LNG Is Booming, But Who Supplies The Gas?

This year, the United States became the world’s biggest liquefied natural gas (LNG) export as deliveries to energy-starved buyers in Europe and Asia surged. In the current year, five developers have signed over 20 long-term deals to supply more than 30 million metric tons/year of LNG to energy-starved buyers in Europe and Asia. As energy … Read more

Japan Believes An LNG Supply Squeeze Is Looming

Japan Believes An LNG Supply Squeeze Is Looming

A cross-section of energy analysts have lately provided a mixed outlook on the natural gas sector. In its latest Short Term Energy Outlook, the US Energy Information (EIA) was bearish and forecasted that natural gas spot price at Henry Hub would average ~$6 per million British thermal units (MMBtu) across 4Q22 and 1Q23 – more … Read more

Qatar seals 27-year LNG deal with China as competition heats up

Qatar seals 27-year LNG deal with China as competition heats up

Talks with other Chinese, European buyers ongoing -Kaabi Says buyers may take up to a 5% stake in expansion Says deal signals importance of secure long-term supply DOHA, Nov 21 (Reuters) – QatarEnergy has signed a 27-year deal to supply China’s Sinopec with liquefied natural gas in the longest such LNG agreement to date as … Read more

Natural Gas Prices Slide As Bearish News Continues To Mount

Natural Gas Prices Slide As Bearish News Continues To Mount

The US Henry Hub natural gas contract continued to sell off on Wednesday afternoon after having recorded steep losses at the beginning of the week. At 4:25 PM CT, front-month natural gas futures had fallen below $6 per MMBtu, trading at $5.865 per MMBtu, some 4.45% lower than at the beginning of the trading session. … Read more

UK to announce US gas deal after climate change summit -Telegraph

UK to announce US gas deal after climate change summit -Telegraph

Nov 7 (Reuters) – British Prime Minister Rishi Sunak is poised to announce a major natural gas deal with the United States after the COP27 climate change summit, the Telegraph newspaper reported on Monday. Britain hopes the United States will promise about 10 billion cubic meters of liquefied natural gas (LNG) over the coming year, … Read more

Asian Natural Gas Importers Breed To Stock Up Ahead Of Winter

Asian Natural Gas Importers Breed To Stock Up Ahead Of Winter

Japan, South Korea, and China are increasing the pace of stockpiling on natural gas ahead of the winter with inventory levels above the five-year average as the biggest energy importers in North Asia look to avoid buying LNG on the spot market during the winter. LNG inventories at city gas providers in Japan are well … Read more

North America Leads $370 Trillion Global Push For Oil & Gas Pipelines

North America Leads 0 Trillion Global Push For Oil & Gas Pipelines

This year, the United States became the world’s biggest liquefied natural gas (LNG) export as deliveries to energy-starved buyers in Europe and Asia surged. In the current year, five developers have signed over 20 long-term deals to supply more than 30 million metric tons/year of LNG or roughly 4 Bcf/d, to energy-starved buyers in Europe … Read more

US LNG Cannot Replace The Russian Natural Gas That Europe Has Lost

US LNG Cannot Replace The Russian Natural Gas That Europe Has Lost

Europe cannot rely solely on imports of US LNG to offset the pipeline gas supply it will have lost from Russia when it starts rebuilding inventories after the end of this winter, according to BloombergNEF. So far this year, American LNG has been crucial in meeting demand in Europe, which is scrambling for gas supply … Read more

Western officials finalizing plans for Russia oil-price cap

Western officials finalizing plans for Russia oil-price cap

WASHINGTON, Oct 26 (Reuters) – US and Western officials are finalizing plans to impose a cap on Russian oil prices amid a warning from the World Bank that any plan will need active participation of emerging market economies to be effective. Officials said no price range has been decided yet, however one person familiar with … Read more