Day: March 29, 2021

The spot LNG price rose to $6.80 per million British thermal units (mmBtu) in the week ended March 26, up from $6.50 the prior week and the highest in a month. LNG futures in New York did even better, ending at $6.93 per mmBtu on March 26, up 7.9% from the last price a week earlier. In some ways it’s not surprising that spot LNG prices have shifted higher, as the unexpected blockage of a major shipping transit point introduces a level of uncertainty and volatility to the market. Efforts…

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LAUNCESTON, Australia (Reuters) – The price of spot liquefied natural gas (LNG) in Asia has moved higher amid the blockage of the Suez Canal, but it’s doubtful it needs to as the delays to shipping to the region will likely only have a marginal impact on supply. The spot LNG price rose to $6.80 per million British thermal units (mmBtu) in the week ended March 26, up from $6.50 the prior week and the highest in a month. LNG futures in New York did even better, ending at $6.93 per…

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American natural gas is the sharpest diplomatic tool the Biden administration can wield in energy-related foreign policy and international trade negotiations. As newly confirmed energy secretary Jennifer Granholm has made clear, liquefied natural gas exports “play an important role” in helping countries grow their economies and reduce greenhouse gas emissions. Nations around the globe are scaling up decarbonization efforts and need affordable, reliable U.S. gas to meet their energy demands. That is where expanded American liquefied natural gas (LNG) exports underpin the global energy transition. U.S. LNG export demand rebounded to…

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MELBOURNE, March 29 (Reuters) – Plans by billionaire Andrew Forrest to have a liquefied natural gas (LNG) terminal ready by 2022 means Australia won’t suffer a supply shortfall until 2026, two years later than previously forecast, the energy market operator said on Monday. “This development comes at a critical time, as existing Victorian production is declining faster than previously projected,” Nicola Falcon, group manager of the Australian Energy Market Operator said in a statement accompanying the AEMO’s closely watched outlook. Producers’ forecasts for maximum daily capacity from existing, committed and…

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Islamabad, March 29,2021 : Federal Minister for Energy Mr. Omar Ayub Khan chaired a meeting with Danish technical energy team along with Her Excellency Ms. Lis Rosenholm, Ambassador of Denmark to Pakistan at Power Division this noon. Mr. Tabish Gauhar, Special Assistant to Prime Minister on Power and Mr. Zafar Ali Bhutta, Secretary Power Division also joined the meeting. During the meeting, both sides deliberated upon the findings and recommendations by Danish Energy team on G2G-collaboration between Denmark and Pakistan in energy sector in view of newly approved Alternative Energy…

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