A record amount of LNG is currently being idled at sea near Europe as demand in the region has apparently cooled down while supplies remain ample. More than 3.4 million metric tons of LNG have stayed aboard ships on the water for more than 20 days as of earlier this week, according to data compiled…
Over 3.4 Million Metric Tons of Natural Gas Remain Idled in Europe
May 10, 2023
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Business & MarketseconomyenergyEnvironmentEuropeliquefied natural gasoil supply in europeScienceWorld
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Coastal GasLink Protesters Convicted After Pleading Guilty to Criminal Contempt Charges
Five protesters involved in blocking access to the construction of a liquefied natural gas pipeline in northern B.C. last November have pleaded guilty to criminal contempt of court for defying a court order that forbade them from continuing with the blockade. All five Coastal GasLink opponents were sentenced by Justice Michael Tammen at the B.C….
Global Liquefied Natural Gas Supplies Are Sold Out Until 2026, Major LNG Importer Warns
November 21, 2022
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Business & MarketseconomyenergyEuropean UnionInternationalliquefied natural gasMarketsRussiasupplyUnited StatesUSWorld
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Japan, the leading importer of liquefied natural gas (LNG), is warning about supplies getting tighter over the coming years due to competitive markets and underinvestment in supply. Long-term LNG contracts prior to 2026 have all been sold out, a survey of Japanese firms by the country’s trade ministry has found. “The LNG procurement environment has…
United States Was Top Exporter of Liquefied Natural Gas, Mostly to Europe, During First Half of 2022
July 26, 2022
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Business & MarketseconomyenergyEnergy Information Administrationliquefied natural gasMarketsrussian gasUS
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The United States was the top exporter of liquefied natural gas (LNG) during the first half of 2022, the U.S. Energy Information Administration (EIA) said in a July 25 report. In the first six months of the year, U.S. LNG exports rose by 12 percent to an average of 11.2 billion cubic feet per day (Bcf/d) compared…
Crown Going Ahead on Charging 15 BC Coastal GasLink Pipeline Protesters With Criminal Contempt
The B.C. Prosecution Service is going ahead with prosecuting 15 protesters for criminal contempt for allegedly defying an injunction passed in 2019 that protects the construction of a liquefied natural gas pipeline in northern B.C. Crown lawyer Trevor Shaw told Supreme Court Justice Marguerite Church on June 1 that prosecutors need another four weeks to…
BC Crown to Prosecute 15 Coastal GasLink Pipeline Protesters With Criminal Contempt
The B.C. Prosecution Service is going ahead with prosecuting 15 protesters for criminal contempt for allegedly defying an injunction passed in 2019 that protects the construction of a liquefied natural gas pipeline in northern B.C. First reported by the CBC, Crown lawyer Trevor Shaw told Supreme Court Justice Marguerite Church on June 1 that prosecutors…
Natural Gas Eyes $8 As Prices Surge to Highest Levels Since 2008
April 18, 2022
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Business & Economycommoditiesenergy industryInternationalliquefied natural gasMarketsNatural gasWorld
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Natural gas futures are trading at their highest levels in more than 13 years, with the May contract flirting with $8 per million British thermal units (Btu). The energy commodity has been rallying on market tightness, driven by lower-than-normal temperatures in the United States and Europe and strong export demand amid Russia’s invasion of Ukraine….
China Bought Twice as Much Russian Liquefied Natural Gas in February
March 23, 2022
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Business & EconomyChinaChina Business & EconomyChinese Regimeeconomic policieseconomyEuropeInternationalInvestmentJoe Bidenliquefied natural gasMarketsRussia-Ukraine WarVladmir PutinWorldXi Jinping
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China doubled its import of liquefied natural gas (LNG) from Russia in February from a year earlier, undermining China’s proclaimed “neutral” stance in the ongoing Ukraine war. Beijing bought nearly 401,000 tons of Russian LNG last month, Bloomberg reported on March 21, citing data from Chinese customs officials. That volume made up 8 percent of…
United States Will Have World’s Biggest Natural Gas Exporting Capacity by 2022: EIA
The United States is on course to have the world’s biggest exporting capacity of liquified natural gas (LNG) by 2022, surpassing Qatar and Australia, owing to increased domestic production and a soaring demand from international markets, especially China. Global demand for LNG has grown steadily, hitting annual record highs since 2015. European economies and emerging…
US Will Have World’s Biggest Natural Gas Exporting Capacity by 2022: EIA
The United States is on course to have the world’s largest exporting capacity of liquified natural gas (LNG) by 2022, surpassing Qatar and Australia, owing to increased domestic production and a soaring demand from international markets, especially China. Global demand for LNG has grown steadily, hitting annual record highs since 2015. European economies and emerging…
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