Latest news
Saudi Arabia Skips LNG, Bets Big On Hydrogen
Last year, Saudi Arabia’s national oil company Saudi Aramco sent shockwaves through the natural gas markets after it announced that it was kicking off the biggest shale gas development outside of the United States. Saudi Aramco said it plans to spend $110 billion over the next couple of years to develop the Jafurah gas field, which is estimated to hold 200 trillion cubic feet of gas. The state-owned company hopes to start natural gas production from Jafurah in 2024 and reach 2.2 Bcf/d of sales gas by 2036 with an associated 425 million cubic feet per day of ethane.
read more... 24/03/2021
Russian LNG would be competitive at $3.7-$7 per 1 million BTU
Future liquefied natural gas (LNG) projects in Russia would be competitive at $3.7-$7 per 1 million British thermal units (BTU), based on the country’s state LNG development plan.
read more... 23/03/2021
Total Reinforces its Commitment to Develop Singapore Into a Major LNG Maritime Hub for Asia
The Maritime and Port Authority of Singapore (MPA) has awarded a third Liquefied Natural Gas (LNG) bunker supplier license to Total’s subsidiary in charge of worldwide bunkering activities, Total Marine Fuels Private Limited, for a five-year term starting January 1st, 2022.
read more... 16/03/2021
Russia’s Gazprom Boasts First Carbon-Neutral LNG Delivery In Europe
Russian gas giant Gazprom said on Monday that it had delivered the first carbon-neutral liquefied natural gas (LNG) in Europe, shipping the fuel to Shell in the UK.
read more... 09/03/2021
Daily (04.03.2021): Growing volumes of LNG supply pushed British gas prices lower on Wednesday
Oil prices surged on Wednesday, supported by decreasing gasoline reserves in the United States and anticipation for the OPEC+ summit on Thursday. As such, Brent oil increased by 2.2% to $64.07 a barrel and WTI crude soared by 2.6% to $61.28 a barrel.
read more... 04/03/2021