LNG

The American Petroleum Institute, a leading industry group, announced on Wednesday that U.S. producers of oil will meet President Donald Trump next Monday. An industry source said that the topic of discussion included tariffs, trade, and exports for liquefied gas. The API, whose members include ExxonMobil, Chevron, and other oil giants, was instrumental in putting together the meeting. When asked about the meeting, API spokesperson Bethany Williams said: "We are grateful for the opportunity to discuss with President Obama and his team how American oil, natural gas and consumer support is driving economic growth, strengthening national security, and supporting consumers."...

Kimmeridge Energy Management, according to a senior executive, will be more active in its efforts to improve the performance of Canadian oil and natural gas producers. The company is also looking for ways it can benefit from the current trade war between the United States and Canada. The U.S. President Donald Trump has increased tariffs against Canada's northern neighbor. However, Canadian oil and natural gas exports have received less penalties. Kimmeridge managing director Mark Viviano said that tensions could spur new thinking and increase Canadian energy exports to other countries. This is especially true for liquefied gas. Mark Viviano, managing...

According to a document from the government, Vietnam is expecting to sign pacts this week with the United States after its trade minister met U.S. energy and trade officials. This step follows weeks of conciliation messages Vietnam sent to Washington, in an attempt to avoid tariffs that the Trump administration may impose on Southeast Asian nations due its large trade deficit with the United States. The document dated March 5, from the Trade Ministry, contains the itinerary of Nguyen Hung Dien, the Minister of Commerce's visit to the United States in this week. The list also included energy companies, government...

Expand Energy, a U.S. natural-gas producer, surpassed its fourth-quarter profit expectations on Wednesday after a slight rise in gas prices. The natural gas price rose during the first quarter of this year, reaching a record high. This was due to an increase in gas flow to export plants for liquefied gas. Prices were also boosted by the forecast of continued cold weather in January which increased heating demands. The Oklahoma City company that acquired Southwestern for $7.3 billion and became the largest independent U.S. natural gas producer reported a fourth-quarter production rate of 6.41 billion cubic foot equivalent per day...

Coterra Energy announced Monday that it had beaten Wall Street's fourth-quarter profit estimates and increased its dividend by 5%. The oil and gas company has benefited from a higher production of oil and natural gases liquids (NGLs). U.S. Energy Information Administration (EIA) reported that the oil production of the United States reached a new record in the last quarter, as improved drilling efficiency helped producers pump out more. Houston-based company announced a production increase of 681,500 barrels equivalent per day (boepd) in the fourth quarter, exceeding its high-end outlook of 630,000-660,000 boepd. This was driven by improved well performance and...

Stuart Young, the energy minister of Trinidad and Tobago (the largest producer in Latin America and Caribbean) said that the government is generating more revenue through LNG exports. The cargoes are sold at a price between 15 and 55 percent above the Henry Hub, he added. After five years of negotiation, the increase is a result of a revamped contract in late 2023, which set new financial conditions for participants in Atlantic LNG, the country's flagship LNG project. Prior to the revamp, LNG production in Trinidad barely reached prices near Henry Hub for cargoes that were sold to customers throughout...

President Donald Trump said on Thursday the United States would ensure supplies of liquefied natural gas to Europe, even amidst concerns that the flourishing export market might enhance prices of gas for U.S. consumers. TotalEnergies CEO Patrick Pouyanne asked Trump, who was speaking remotely at the World Economic Forum on Thursday in Davos, Switzerland, what he would do if expected development in U.S. LNG jobs improved the domestic gas cost. He likewise asked Trump if he would consent to guarantee security of LNG materials to Europe, which is lowering its reliance on gas from Russia. I would ensure that you...

The European Union is open to talking about purchases of energy and arms from the United States to ward off tariffs that President Donald Trump has actually threatened to impose on the bloc, EU's leading economy official said on Thursday. Trump has vowed to resolve a long-running deficit in products trade with the EU, either through tariffs of more oil and gas exports. European Commission Executive Vice President Valdis Dombrovskis stated the EU would defend its rights and interests if tariffs were imposed and described the vindictive tasks the EU imposed on U.S. imports when EU steel and aluminium were...

Donald Trump plans to issue a flurry of executive orders and directives after he is sworn in as U.S. president on Monday to put his stamp on his brand-new administration on matters varying from energy to immigration. 2 sources acquainted with the preparation stated more than 200 such orders and regulations could be released starting on The first day in what is understood internally as a shock and awe effort. Here is what we know about the executive orders so far: MIGRATION Trump plans to take a flurry of executive actions targeted at punishing legal and illegal migration and increase...

Donald Trump prepares to provide a flurry of executive orders and directives after he is sworn in as U.S. president on Monday to put his stamp on his brand-new administration on matters varying from energy to migration. 2 sources familiar with the planning stated more than 100 such orders and instructions might be released beginning on The first day in what is understood internally as a shock and awe effort. Here is what we know about the executive orders so far: MIGRATION Trump plans to take a flurry of executive actions focused on cracking down on legal and unlawful migration...

The Indian Gas Exchange (IGX) is searching for regulatory approval to introduce a 36 month gas contract, its chief executive, Rajesh K Mediratta, said on Friday. We are waiting for a clearance from PNGRB (Petroleum and Natural Gas Regulatory Board), Mediratta told reporters at a. press conference. IGX, an unit of Indian Energy Exchange, currently. has intraday, dayahead, daily, and fortnightly agreements. The rates of the 3-6 month agreement will be linked to. international criteria and IGX's own index called GIXI. The new long-duration agreements will have a payment cycle of. a fortnight compared to the existing 2-3 days, Mediratta...

Donald Trump's. go back to the U.S. presidency and China's spluttering economy. will form global commodity markets in 2025. Without any foreseeable mould for how this will work, the just. certainties will likely be volatility and many elements. operating in opposing instructions. Making forecasts about rates for significant products such. as crude oil, melted gas, iron ore, coal and metals. like copper will therefore be more fraught than typical in 2025. For example, consider Trump's signature project pledge:. tariffs. The president-elect's range of threatened tariffs,. including approximately 60% on China and 20% on all other countries, could. hinder global financial...

After Beijing retaliated to President Donald Trump’s tariffs by imposing its own measures, the trade between China and the United States in crude oil and liquefied gas is now effectively dead. China, which is the largest importer of three energy commodities in the world, imposed import duties on Tuesday of 15% for U.S. coal and LNG, and 10% for crude oil and farm machinery. Beijing made its move after the Trump administration imposed a 10% additional tariff on all Chinese imports into the United States. The 10% tax was less than the 60% Trump had threatened during his last-year campaign...

Japanese power generator JERA and city gas supplier Toho Gas stated on Monday they will develop the No. 7 and No. 8 gasfired power systems at JERA's Chita thermal power station in central Japan, targeting operations in 2029. The 2 new systems, each with a capability of 659.9 megawatts ( MW), will replace the decommissioned No. 1- No. 4 gas-fired systems, which had actually an integrated capacity of 225.8 MW, a JERA spokesperson said. Ownership of the new units will be split in between the 2 business, with JERA taking a 75% stake and Toho Gas 25%. Electrical energy output...

Asia's imports of Russian crude oil and melted natural gas are set to log little declines this year and while coal had a bigger drop, there's little evidence that Western sanctions are working well. Russia has concerned depend on Asia, the world's most significant purchaser of energy products, to absorb freights that are no longer able to be sold to buyers in Europe and elsewhere as an outcome of sanctions put against Moscow in the wake of the February 2022 intrusion of Ukraine. China and India became significant buyers of Russian crude, coal and LNG after the invasion, taking freights...

Japan's leading power generator, JERA, said on Tuesday its AprilSeptember internet earnings halved, hit by a steep drop in gains from lagged fuel price modifications and its U.S. power generation organization. The utility adhered to its annual earnings price quote of 200 billion yen ($ 1.3 billion), that included the impact of the shutdown of its Taketoyo coal-fired power plant following a fire on Jan. 31. No date has been set yet for rebooting the plant. JERA, an unlisted business jointly owned by Tokyo Electric Power and Chubu Electric Power, reported internet profit of 138.9 billion yen for the six...

Japanese corporation Mitsubishi will get a 10% stake in a gas facility operated by Malaysian state energy giant Petroliam Nasional for a 10year period, the Nikkei reported on Thursday. Mitsubishi had formerly owned a 4% interest in the job but the facility's agreement expired in 2022. Now, the business will acquire 10% of the same plant by the end of financial 2024, the Japanese newspaper reported. Mitsubishi likewise owns 10% of a various LNG plant situated in Sarawak. In financial 2025, the trading organization plans to try to extend the contract for an extra ten years, the Nikkei included. The...

Japan's biggest oil and gas explorer Inpex on Thursday reported a 14.5% drop in its firsthalf net profit, but raised its yearly dividend forecast and revealed an additional share buyback strategy to improve shareholder returns. For the complete year, it stayed with its earnings forecast of 360 billion yen ($ 2.5 billion) regardless of lower than predicted output at its crucial Ichthys liquefied natural gas project in Australia. Net profit for the 6 months through June 30 was up to 212.6 billion yen from 248.5 billion a year previously due to increased expedition expenditures in Australia and higher tax payments....

Much of the dispute surrounding the ramifications of a possible 2nd U.S. presidential term for Republican Donald Trump has focused on what may take place to the U.S. and international economies. Trump's plan to impose tariffs of 10% on virtually all imports into the United States, and as much as 50% on those from leading trading partner China, have actually raised the spectre of greater inflation and rates of interest, and a less competitive market. However for products, the larger danger of a Trump return to the White House is the reaction the remainder of the world is likely to...

China's thermal power generation fell on the year for a second straight month in June as hydropower generation rose, data from the National Bureau of Data showed on Monday. Thermal electrical energy, generated mostly by coal-fired capability, fell 7.4% in June after declining by 4.3% in May. However, thermal output still increased 1.7% over the first 6 months as a whole. Hydropower volumes rose 44.5% in June and 21.4% over the first six months. The pattern could put China on track for a year-on-year decrease in coal use for 2024 as a whole, if hydropower output remains strong, said David...

Russia's President Vladimir Putin applauded Vietnam for its balanced stance on the Ukraine war and noted development on payments, energy and sell an viewpoint piece published on Wednesday in the newspaper of Vietnam's Communist Celebration. In the piece timed for Putin's state see to Vietnam, he applauded the Southeast Asian Communist-ruled nation for supporting a pragmatic way to resolve the crisis in Ukraine, in comments released in the Nhan Dan newspaper. Vietnam, which formally pursues a neutral foreign policy in its relations with major world powers, has actually abstained from condemning Russia's attack on Ukraine, a position that Western countries...

China's. imports of significant products were either openly weak in May,. such as the decline in crude oil, or those revealing apparent. signs of strength were deceptive and mostly driven by factors. aside from increasing usage. Arrivals of crude dipped into unfavorable area for the. first five months of the year, with computations based on. main custom-mades data launched on June 7 showing imports of 11.0. million barrels each day (bpd) in the January to May duration, down. 1.2% from 11.13 million bpd in the very same duration last year. China, the world's largest crude importer, landed 11.06. million bpd...

U.S. liquefied natural gas (LNG). exporter Freeport LNG submitted a lawsuit in April against three. contractors, alleging that installation defects in electrical. motors at its $14billion Texas export plant caused extended. failures and expensive repairs. The claim, submitted in a Texas district court, declares that. work done by specialists Zachry Industrial, Chiyoda. International, and CB&I, a system of McDermott. , led to significant damage to crucial equipment. Freeport's Quintana, Texas, facility has experienced approximately. a lots events up until now this year. The plant can produce more. than 15 metric tonnes per annum of LNG and take in roughly 2.1....

Japan's leading city gas supplier Tokyo Gas is seeking to add more U.S. gas assets, its president said on Monday, as it intends to broaden its gasrelated businesses in North America after its current acquisition of a U.S. shale gas manufacturer. The Japanese company paid $2.7 billion to get Texas-based gas manufacturer Rockcliff Energy in December and consented to purchase a 49% stake in North American energy marketing and trading firm ARM Energy Trading in February. We would still consider investing in shale gas possessions if we can acquire them at the appropriate price and in a competitive way, Tokyo...