Demand for natural higher than its production

Natural gas demand in major consuming countries stood in June at 104 percent of year-ago levels, but production was flat compared to 2021 levels, new data from the Joint Organisations Data Initiative (JODI) showed. While US natural gas production has been rising in recent months alongside LNG exports, Russian gas production has plummeted since Russia

SK Gas inks US LNG deal with Energy Transfer

South Korea’s SK Gas Trading will purchase 0.4 million tonnes per annum (mtpa) of LNG from Energy Transfer’s Lake Charles LNG export facility in the US under a newly inked agreement. Unveiling details of the agreement on the duo said the deal has been agreed for a term of 18 years, with the first deliveries

EQT plans to invest in US LNG export facility

EQT Corp. said it may take an equity stake in a liquefied natural gas export project, as it seeks to capitalize on the booming global demand for LNG with Russian threats sending European gas prices swinging wildly. Current US Henry Hub natural gas prices are elevated from historical levels, but delivered LNG prices in Europe

China signs another deal to buy US LNG

US-based NextDecade will supply China’s ENN with 1.5 million tonnes per year (mtpy) of liquefied natural gas (LNG) for 20 years, starting as early as 2026, from the proposed Rio Grande export project in Texas. Significantly, this is the fourth US-China LNG deal struck in the past two weeks. Moreover, China-based buyers have lined up

Brazil tops importers of US LNG cargoes in October

Brazil was No. 1 buyer of US LNG for the third month in a row in October amid severe drought that has drained its hydroelectric resources, while Spain was a close second as pipeline gas supplies faced constraints, S&P Global Platts Analytics data showed. Power data from Brazil’s National Electric System operator showed that hydro