Tag: LNG

Chevron cuts output at Wheatstone LNG facility for planned maintenance

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LNG facility

SINGAPORE: Chevron is conducting minor planned maintenance at its Wheatstone natural gas facility in Australia, temporarily reducing production rates on LNG Train 1, a company spokesperson said on Tuesday. “The annual service event is expected to be completed within the coming week,” the spokesperson said, adding that domestic gas production has remained unaffected. Chevron announces first oil at Ballymore project in US Gulf The Chevron-operated Wheatstone facility comprises two LNG trains with a combined export capacity of 8.9 million tons per annum, and a domestic gas plant. Last year, two-thirds…

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Pakistan Diverts Fourth ENI LNG Cargo Amid Reduced RLNG Power Demand

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LNG

ISLAMABAD: The government has successfully diverted a fourth LNG cargo, scheduled for delivery in May 2025 from Italian energy firm ENI, to the international market, according to a senior official at the Energy Ministry. Efforts are also underway to reroute a fifth cargo due in June. This follows earlier diversions of ENI-supplied cargoes originally planned for February, March, and April. The move stems from a request by Sui Northern Gas Pipelines Limited (SNGPL), which in a January 21 letter to the federal government sought to divert 11 LNG cargoes throughout…

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RLNG prices revised for March

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LNG

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has revised the prices of imported Re-gasified Liquefied Natural Gas (RLNG) for the month of March, making it more expensive for both gas companies – Sui Southern Gas Company (SSGC) and Sui Northern Gas Pipelines Limited (SNGPL). According to the notification issued by OGRA on Wednesday, the price of RLNG has been raised by 0.37 percent per MMBTU, setting the new rate at $12.94 per MMBTU for SNGPL consumers, which was $12.9025 per MMBTU in February 2025. The price of RLNG has…

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Global LNG: Asian spot LNG price flat amid bearish Europe gas sentiment

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LNG

SINGAPORE: Asian spot liquefied natural gas (LNG) prices were flat this week, holding at a ten-week low amid Europe’s bearish gas price sentiment, though some emerging spot demand has curbed losses. The average LNG price for April delivery into northeast Asia <LNG-AS> was at $13.50 per million British thermal units (mmBtu), industry sources estimated. Asian LNG prices are bearish, driven by anticipated declines in the Dutch Title Transfer Facility (TTF) benchmark in Europe and stable Pacific supply, said Kpler analyst Go Katayama. “Looking ahead, Asian LNG prices are expected to…

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Asia LNG imports set to drop to 22-month low as Europe surge drives prices: Russell

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lng

LAUNCESTON: Asia’s imports of liquefied natural gas (LNG) are poised to drop to the lowest in nearly two years in February, while Europe’s are set to surge to the second-highest on record. The weakness in Asia shows buyers are shunning expensive spot cargoes, with prices at least 50% higher than what they were this time last year. A milder-than-usual winter across much of North Asia has also dampened demand, and allowed European buyers to bid for cargoes as part of efforts to re-stock the continent’s depleted inventories. Asia, the top-importing…

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