Natural gas news
Wood Mackenzie: Asian LNG demand expected to increase 5% in 2024, but challenges remain
Asian LNG demand is projected to increase by 5% at 12 million t in 2024, according to ‘Asia Pacific Gas and LNG: 5 things to look out for in 2024’ by Wood Mackenzie.
Mexico Pacific completes option for additional LNG offtake with ExxonMobil
Mexico Pacific has signed a third long-term sales and purchase agreement with ExxonMobil LNG Asia Pacific for an additional 1.2 million tpy of LNG from Train 3 of Mexico Pacific’s Saguaro Energia project.
Fairplay Towage Group to provide assisting tugs for German LNG terminal
The Fairplay Towage Group has been chosen for essential parts for tanker-assistance in the German LNG terminals.
Wood Mackenzie: Gas prices down 45% as 2024 market set to remain bearish
According to a report by Wood Mackenzie, the market sentiment for gas and LNG will remain bearish into 2024 with European prices having fallen by 45%.
Trafigura signs long-term LNG agreement with Tourmaline
Trafigura has signed a long-term LNG agreement with Tourmaline, Canada’s largest natural gas producer.
INPEX acquires additional participating interest in Ichthys LNG project
INPEX Corp. has announced plans to enter into an agreement with Tokyo Gas Co., Ltd to acquire additional participating interest in the Ichthys LNG project.
GTT to design tanks for two new LNG carriers
GTT has received two orders for the tank design of two new LNG carriers.
Chesapeake Energy Corp. and Southwestern Energy agree to merge
Chesapeake Energy Corporation and Southwestern Energy Company have entered into an agreement to merge in an all-stock transaction valued at US$7.4 billion.
FLNG Gimi arrives at GTA field offshore Mauritania/Senegal
Golar LNG Ltd has announced that FLNG Gimi arrived at the GTA field offshore Mauritania and Senegal on 10 January 2024.
Ksi Lisims LNG and Shell finalise SPA
Ksi Lisims LNG and Shell Eastern Trading Pte Ltd have signed a 20-year LNG sale and purchase agreement for 2 million tpy.