LNG exports Archives - Page 2 of 6 - Maritime Shipping News

How LNG shipping kept Europe’s wartime energy supply secure

17 May 2023

A year ago, an armada of ships came to Europe’s aid, bringing U.S.-produced liquefied natural gas to replace Russian pipeline gas supplies lost in the wake of the war. The outlook for the coming winter was dire despite the surge of American LNG cargoes — then it grew even worse.

A fire and explosion took Texas’ Freeport LNG facility offline last June, removing a major U.S. export source. The price of natural gas in Europe hit $100 per million British thermal units (MMBtu) in late August, the...

https://www.freightwaves.com/news/how-lng-shipping-kept-wartime-europes-energy-supply-secure

Cheniere Signs Long-Term LNG Deal with Korean Power Company

16 May 2023

Cheniere Energy announced a long-term liquid natural gas (LNG) deal with Korea Southern Power Co. Ltd (KOSPO). The deal brings together the leading LNG production and exporter in the United…

https://gcaptain.com/cheniere-signs-long-term-lng-deal-with-korean-power-company/

Borderlands: Port of Corpus Christi finishes 2022 with new tonnage record

12 February 2023

Borderlands is a weekly rundown of developments in the world of U.S.-Mexico cross-border trucking and trade. This week: The Port of Corpus Christi finishes 2022 with a new tonnage record; Emergent Cold Latin America acquires Mexico-based Qualianz; J&J Snack Foods is opening a major logistics hub in Dallas; and CBP seizes more than $5 million worth of meth hidden in a shipment of radishes.

Port of Corpus Christi finishes 2022 with new tonnage record

The Port of Corpus Christi reported record...

U.S. Energy Regulators Questioned On Oversight Of Freeport LNG Plant

11 February 2023

By Arathy Somasekhar FREEPORT, Texas, Feb 11 (Reuters) – U.S. energy regulators on Saturday assured Texas residents they are monitoring repairs and the eventual restart of the fire-idled Freeport LNG plant as…

https://gcaptain.com/u-s-energy-regulators-questioned-on-oversight-of-freeport-lng-plant/

US Tops The LNG Exporting Rankings On Brisk Growth

4 January 2023

Credit: Venti Views/Unsplash

Following a tie with Qatar in 2022, the US now leads the world in liquefied natural gas exports, ahead of Australia, as reported by Shipping Watch.

A turning point

Last year, the United States tied Qatar as the leading exporter of liquefied natural gas, marking a turning point in the country’s rapid climb to prominence as a significant source of fuel.

According to Bloomberg’s analysis of ship-tracking data, both nations shipped 81.2 million tonnes in 2022. While that...

https://mfame.guru/us-tops-the-lng-exporting-rankings-on-brisk-growth/

Rising US LNG Exports To Europe Put Focus On US Inflationary Pressures

17 November 2022

US seen unlikely to curtail LNG exports
Domestic US consumption could decline on net-zero goals

A recent news article published in the Platts states that surging US LNG Exports to Europe heighten focus on US inflationary pressures.

US natural gas in high demand

This year’s European energy crisis has put US natural gas in high demand and in a position of acute geopolitical relevance. But the war in Ukraine and resulting scramble for energy supplies have also shown that the US is no longer immune...

https://mfame.guru/rising-us-lng-exports-to-europe-put-focus-on-us-inflationary-pressures/

Freeport LNG May Extend Texas Plant Outage Through December

14 November 2022

By Stephen Stapczynski and Anna Shiryaevskaya (Bloomberg) — A major US liquefied natural gas exporter will likely extend an outage that began in June, curbing much-needed supply to customers in Europe…

https://gcaptain.com/freeport-lng-may-extend-texas-plant-outage-through-december/

Cheniere Adds Third Berth at Sabine Pass, Boosting LNG Export Capacity

29 September 2022

By Sergio Chapa (Bloomberg) — Cheniere Energy Inc., the largest US exporter of liquefied natural gas, is preparing to add shipping capacity at its Louisiana terminal that will help it eke…

https://gcaptain.com/cheniere-adds-third-berth-at-sabine-pass-boosting-lng-export-capacity/

Traders Hoard LNG At Sea Before EU’s Long Winter

8 September 2022

By Ann Koh (Bloomberg) Energy traders and power utilities are storing more liquefied natural gas at sea, an unusual move to hoard supply for winter as the market faces a…

https://gcaptain.com/traders-hoard-lng-at-sea-before-eus-long-winter/

Price of LNG goes stratospheric. Will LNG shipping rates follow?

24 August 2022

Liquefied natural gas shipping is a freight market like any other, albeit with a lot more zeros on the end of its numbers. Day rates in LNG shipping are in the six figures. Profits on a single cargo can be in the nine figures.

“Welcome to the stratosphere of LNG prices,” commented Stifel analyst Ben Nolan on today’s market conditions.

The European hub price of natural gas, TTF, hit $84 per million British thermal units (MMBtu) on Monday. “This is close to $500 per barrel of oil equivalent,” noted...

https://www.freightwaves.com/news/price-of-natural-gas-goes-stratospheric-will-lng-shipping-rates-be-next

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