import

Australia Poised to Become World’s Largest LNG Exporter

August 13, 2019

From The Houston Chronicle Within the next 12 months Australia is likely to surpass Qatar as the world’s largest exporter of liquefied natural gas, the Energy Information Administration is forecasting. Australian LNG capacity reached 11.4 billion cubic feet a day this year, more than four times what it was in 2011 and surpassing Qatar’s capacity. Australia “exported more LNG than

Russia May Be Testing U.S. Gas Nerve with Europe Push: Citi

Japan LNG Buyers Talk Tough as Spot Prices Drop to 3-Year Lows

August 7, 2019

From Reuters An inexorable decline in spot market prices for liquefied natural gas (LNG) is pushing utilities in Japan to be more aggressive in price reviews built into traditional long-term contracts linked to oil prices, lawyers and analysts said. The utilities are also looking to buy more LNG on the spot market, where prices LNG-AS are plumbing three-year lows and

LNG to the Rescue: Pakistan’s First LNG Import Terminal Receives 120 Shipments

December 5, 2017

From Business Recorder KARACHI: Pakistan’s first Liquefied Natural Gas (LNG) energy terminal has received 120 shipments and injected 7.4 million tonnes LNG in the national transmission network since start of its operations, saving US $1.2 billion per year in the national kitty. “Established by Engro Pakistan, the plant was completed in a record 330 days and succeeded to transfer 120

U.S. Liquid Fuel Production Increases 6th Consecutive Year

April 19, 2016

Total 2015 U.S. energy production was 89 quadrillion BTUs, 91% of consumption The United States total energy production saw an increase for the sixth consecutive year. Data collected from EIA’s Monthly Energy Review stated that energy production in the U.S. totaled 89 quadrillion British Thermal Units. The total amount of energy produced in the U.S. in 2015 corresponded to roughly

Is LNG the Answer for Hawaii?

July 8, 2014

Hawaii has a long list of issues whirling around its expensive energy situation. It stems from the fact that Hawaii is home to the U.S.’s most expensive electricity. Since the island state has no reserves of native fossil fuels that it can extract in order to fuel its electricity generation or to refine into ground transportation and jet fuel, it

OPEC Maintains 30 MMBOPD Output Goal for 2014 Despite Global Surplus and Record U.S. Production

December 23, 2013

Oil ministers from the Organization of the Petroleum Exporting Countries (OPEC) announced the group’s target output for 2014 will remain unchanged at 30 MMBOPD. Ministers of Iraq, Saudi Arabia and Kuwait made the announcement following a meeting between the exporters on December 22, 2013. “The market is in fear of a shortage of oil,” said Ali al-Naimi, the oil minister