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Tag Archives: lng

EU regulators clear Shell’s takeover of BG Group

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LONDON – Royal Dutch Shell gained EU approval on Wednesday for its $70 billion acquisition of Britain’s BG Group, the second of four key markets needed to clear the deal. The European Commission said the transaction would not grant Shell market power in oil and gas exploration, the liquefaction of gas and the wholesale supply of liquefied natural gas. The ...

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Asian LNG price faces steep fall as perfect storm brews

SINGAPORE – Asian liquefied natural gas (LNG) prices could fall a further 25 percent in coming months as new supply, falling demand and weaker oil prices put it on par with iron ore and coal as the worst performing commodity of recent years. Asia’s LNG market has already fared worse than slumping oil markets, with spot prices <LNG-AS> down 60 ...

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Trafigura replicates its oil market tactics to dominate LNG

LONDON/MILAN – Trafigura is blazing a trail for trade houses, adopting highly successful tactics used in oil markets, to get an edge in the burgeoning liquefied natural gas (LNG) sector. Oil traders usually act as a go-between for producers and end users, investing in logistics and storage to facilitate trade, while also providing credit and shouldering risk for their customers. ...

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Study: N.E. doesn’t need new pipelines

A new study commissioned by an importer of liquefied natural gas challenges the notion that new natural gas pipelines are needed for the New England market, contending that demand for the product is expected to decline and noting that the region will benefit from a diversification in power generation resources. The report, issued by Energyzt Advisors LLC and commissioned by ...

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Propane a cheaper alternative to gas for cars

A person could theoretically use the propane cylinder from their grill to fuel their vehicle if it ran on propane. The cylinder might be a little small for a vehicle, but it demonstrates propane’s portability, a gas company official said. Terry Renninger, a regional sales representative for Suburban Propane, talked to members of the Mountain Council of Governments on Friday ...

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Australia’s LNG double-edged sword shows commodity challenges: Russell

(The opinions expressed here are those of the author, a columnist for Reuters.) LAUNCESTON, Australia – With commodity prices slumping, the local currency slipping and manufacturing jobs disappearing, Australians are starting to question whether they’ve backed the wrong economic horse. The country’s wealth and unbroken 24 years of economic growth have largely been built on exploiting natural resources and the ...

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Oil price fluctuations unlikely to impact industry trajectory

JEDDAH — The cyclicality of the oil and gas industry is unlikely to impact the long term trajectory of the sector. However the current fluctuations may speed up some of the trends that were already unfolding according to Deloitte’s latest Oil and Gas Reality Check 2015 report. The report outlines six of the major issues currently impacting the oil and ...

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100,000 gallon LNG facility to open in Odessa

Two companies plan to collaborate on a new LNG liquefaction facility in Odessa, American Energy News reports. The facility will be one of five similar facilities planned in a joint venture between Stabilis Energy and Flint Hill Resources LLC., all of which will be modeled after a 100,000-gallon-per-day plant the companies recently opened in the Eagle Ford shale play. The ...

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Japan’s nuclear plan is bad news for LNG, coal: Russell

Clyde Russell is a Reuters columnist. The views expressed are his own. LAUNCESTON, Australia – The rise of China and India as energy importers has largely consigned Japan to the sidelines, but the world’s third-largest economy still exerts significant influence in some markets. That’s why Japan’s long-term energy vision is too important to be ignored, given it is the world’s ...

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Shell-BG deal may be end point rather than harbinger: Russell

(Clyde Russell is a Reuters columnist. The views expressed are his own.) KUALA LUMPUR – There is a widespread assumption that weak commodity prices are likely to spark a wave of merger and acquisition activity as stronger companies seek to buy assets on the cheap. The $70 billion buyout of BG Plc by larger rival Royal Dutch Shell is generally ...

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