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August 18, 2022

LNG

Pummelled by gas crisis, Germany’s Uniper posts $12.5 bln net loss

Reuters
The logo of German energy utility company Uniper SE is pictured in the company’s headquarters in Duesseldorf, Germany, March 10, 2020. REUTERS/Thilo Schmuelgen Register now for FREE unlimited access to Reuters.com Register Loss driven by lower Russian gas flows, impairments Company says it cannot give 2022 outlook for now Shares......

Australia’s Santos approves $2.6 bln Alaska oil project, shares fall

Reuters
The logo of Australian oil and gas producer Santos Ltd is pictured at their Sydney office February 15, 2016. REUTERS/Jason Reed/File photo Register now for FREE unlimited access to Reuters.com Register Sees strong returns from Alaska oil project In talks to sell 5% stake in PNG LNG H1 underlying profit......

Australia’s Santos buys pipeline route for undeveloped gas project

Reuters
The logo of Australian oil and gas producer Santos Ltd is pictured at their Sydney office February 15, 2016. REUTERS/Jason Reed Register now for FREE unlimited access to Reuters.com Register Aug 11 (Reuters) – Australia’s Santos Ltd (STO.AX) said on Thursday it had bought a company that owns an approved......

Japan intends to keep stake in Sakhalin-1 oil project – industry minister

Reuters
A general view of the liquefied natural gas plant operated by Sakhalin Energy at Prigorodnoye on the Pacific island of Sakhalin, Russia July 15, 2021. REUTERS/Vladimir Soldatkin/File Photo Register now for FREE unlimited access to Reuters.com Register TOKYO, Aug 8 (Reuters) – Japan intends to keep a stake in the......

Potential curb on Australian LNG exports is another blow to Asia-Pacific gas markets

CNBC
CNBC – For more and to sign up click here The Asia-Pacific gas market has suffered another blow after major natural gas producer Australia signaled it could potentially cut down liquified natural gas exports as the region battles tight gas supplies, high prices and competition from gas-short European buyers. Australia......

Russia bans Western investors from selling banking, key energy stakes

Reuters
Russian President Vladimir Putin chairs a meeting on the development of the country’s metallurgical sector, via a video link at the Kremlin in Moscow, Russia August 1, 2022. Sputnik/Pavel Byrkin/Kremlin via REUTERS Register now for FREE unlimited access to Reuters.com Register This content was produced in Russia, where the law......

Australia watchdog urges gas export curbs to avert domestic supply crunch in 2023

Reuters
East coast shortfall could equal 10% of demand – watchdog Government extends gas export control trigger to 2030 Gas producers say ample gas available to fill shortfall MELBOURNE, Aug 1 (Reuters) – Australia’s competition watchdog for the first time has urged the government to curb liquefied natural gas (LNG) exports,......

Striking workers at South Korea shipyard in talks to end siege

Reuters
SEOUL, July 20 (Reuters) – Striking contract workers and Daewoo Shipbuilding & Marine Engineering (042660.KS) (DSME) have made some progress in talks over wage hikes, the two sides said on Wednesday, seeking to avoid the use of force to end a siege of the shipyard. About 100 sub-contractors have occupied......

S.Korea’s Yoon says shipyard strike unacceptable, signals intervention

Reuters
Remarks suggest govt losing patience with strikers Strike causing “tremendous damage” -Yoon Stops short of detailing future action, however Govt facing second key industrial action after truckers’ strike SEOUL, July 19 (Reuters) – A strike by contract workers at Daewoo Shipbuilding & Marine Engineering (042660.KS) (DSME) is unacceptable, South Korean......

Exclusive: Russia’s Gazprom declares force majeure on some gas supplies to Europe

Reuters
A view shows a screen with the logo of Gazprom at the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia June 17, 2022. REUTERS/Anton Vaganov/ Register now for FREE unlimited access to Reuters.com Register LONDON, July 18 (Reuters) – Russia’s Gazprom (GAZP.MM) has declared force majeure on gas......

Ships get older and slower as emissions rules bite

Reuters
Average age of vessels up more than two years since 2017 New emissions rules may force older ships to go slower One-fifth of ships fitted with energy saving devices New vessels and alternative fuels the long-term solution LONDON, July 11 (Reuters) – If shipping is the beating heart of global......

U.S. regulator suspends review schedule for Venture Global LNG plant

Reuters
July 7 (Reuters) – The U.S. energy regulator suspended its environmental review schedule for Venture Global LNG’s proposed CP2 liquefied natural gas export project, citing deficiencies in filings. The U.S. Federal Energy Regulatory Commission (FERC) said on Wednesday that while the schedule for its environmental reviews was suspended, it would......

Exxon signals operating profits could double over the first quarter

Reuters
People pump gas at an Exxon gas station in Brooklyn, New York City, U.S., November 23, 2021. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register HOUSTON, July 1 (Reuters) – Exxon Mobil Corp (XOM.N) on Friday signaled that skyrocketing margins from fuel and crude sales could generate......

Asia spot prices jump amid stronger demand, concerns over Russia

Reuters
A liquefied natural gas (LNG) tanker is tugged towards a thermal power station in Futtsu, east of Tokyo, Japan November 13, 2017. REUTERS/Issei Kato Register now for FREE unlimited access to Reuters.com Register LONDON, July 1 (Reuters) – Asian spot liquefied natural gas (LNG) prices continued to rise this week......

Texas repeatedly raises pollution limits for Cheniere LNG plant

Reuters
PORTLAND, Texas, June 24 (Reuters) – Cheniere, the largest U.S. exporter of liquefied natural gas, boasts that it’s helping to “improve local air quality in communities globally” because the cleaner burning fuel it ships displaces coal in power plants. But in the Corpus Christi, Texas region, where the fuel is......

Analysis: Asian demand, rising costs squeeze Europe’s LNG import plan

Reuters
Model of LNG tanker is seen in front of the EU flag in this illustration taken May 19, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register Freeport outage adds to LNG market tightness Asian demand rebound means Europe will compete for LNG LNG imports seen lower......

EU must stick with Ukraine despite economic pain -European Commission

Reuters
A model of the natural gas pipeline is seen in front of displayed word EU and Russia flag colours in this illustration taken March 8, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register BRUSSELS, June 22 (Reuters) – Europe must keep up its support for Ukraine......

Germany risks recession as Russian gas crisis deepens

Reuters
Pipes at the landfall facilities of the ‘Nord Stream 1’ gas pipeline are pictured in Lubmin, Germany, March 8, 2022. REUTERS/Hannibal Hanschke/File Photo Register now for FREE unlimited access to Reuters.com Register More Europeans activate first stage of gas crisis plans Surging gas price adds to policymakers’ inflation headache Slowing......

China’s May gasoline exports plunge, LNG imports slide

Reuters
Oil and gas tanks are seen at an oil warehouse at a port in Zhuhai, China October 22, 2018. REUTERS/Aly Song/File Photo Register now for FREE unlimited access to Reuters.com Register June 18 (Reuters) – China’s May gasoline exports fell 45.5% from a year earlier and diesel exports plunged 92.7%......

Column: Soft China LNG demand outweighs Freeport outage concerns: Russell

Reuters
Liquified natural gas (LNG) storage tanks are seen at PetroChina’s receiving terminal in Dalian, Liaoning province, China July 16, 2018. REUTERS/Aizhu Chen Register now for FREE unlimited access to Reuters.com Register LAUNCESTON, Australia, June 14 (Reuters) – The spot price of liquefied natural gas (LNG) in Asia has largely shrugged......

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