Edition:
United Kingdom

Oleg Vukmanovic

Trump bets on new European LNG terminals but EU funds meager

01 Aug 2018

LONDON U.S. President Donald Trump expects the European Union to fund 9 to 11 liquefied natural gas (LNG) ports to absorb "vastly" more shipments from the United States but current EU investment in new projects will only help open small markets.

Trump's plan for U.S. LNG in Europe to face reality check

26 Jul 2018

FRANKFURT/LONDON President Donald Trump's plan for "vast amounts" of U.S. liquefied natural gas (LNG) to be sold to the European Union after trade talks with its top representative faces a reality test.

Shell's top LNG trader moves to Japan's JERA: sources

19 Jul 2018

LONDON The trading arm of Japan's JERA, the world's biggest buyer of liquefied natural gas (LNG), has hired Sarah Behbehani, the former head of short-term LNG trading at Royal Dutch Shell, two LNG industry sources said.

GLOBAL LNG-Spot prices decline as deals emerge

13 Jul 2018

LONDON, July 13 Asian spot liquefied natural gas (LNG) prices continued correcting lower with potentially steeper dips expected ahead amid thin demand from China and India and healthy supply. Recent tender deals seemingly confirmed the bearish tone.

Exxon beefs up Mozambique LNG project to cut costs ahead of bank talks

12 Jul 2018

LONDON Exxon Mobil will expand its Rovuma liquefied natural gas (LNG) project in Mozambique by half to cut production costs as the partners prepare to book the plant's supply and formally tap lenders in September, the company told Reuters.

Exxon expands Mozambique LNG project to cut costs ahead of bank talks

12 Jul 2018

LONDON, July 12 Exxon Mobil will expand its Rovuma liquefied natural gas (LNG) project in Mozambique by half to cut production costs as the partners prepare to book the plant's supply and formally tap lenders in September, the company told Reuters.

GLOBAL LNG-New spot supply, tender cancellation saps spot price

06 Jul 2018

LONDON, July 6 Asian spot liquefied natural gas (LNG) prices declined for a third week on producers from Australia to Nigeria boosting spot supply, strong European LNG inventories and Pakistan's cancellation of a six-cargo tender.

Asian energy giants hedge U.S. LNG buying spree with European deals

04 Jul 2018

LONDON Asian utilities are increasingly striking up European partnerships and hunting for acquisitions to hedge their large multi-billion-dollar purchases of U.S. liquefied natural gas (LNG) supplies.

Trafigura boosts U.S. LNG footprint with Freeport deal

26 Jun 2018

LONDON Commodity trader Trafigura purchased more liquefied natural gas (LNG) from the United States on Tuesday, this time from the Freeport project in Texas for 1.5 million tonnes (mt) of supply over three years to underpin trade growth.

Asian spot price sinks as ending outages boost supply

23 Jun 2018

LONDON Asian spot liquefied natural gas (LNG) prices sank this week, snapping a four-week rally as production outages in the United States, Qatar and Malaysia wrapped up and producers fed supply into the market.

World News