Edition:
United States

Sabina Zawadzki

European gas price slump yet to find a floor as inventories burst

Aug 02 2019

LONDON A protracted decline in European gas prices, which has hurt some energy firms but may prove a boon to buyers, has yet to find a floor as low summer demand could boost gas storage tanks close to chock-full amid soaring global supply.

Exclusive: Italian, Chinese majors vie in Pakistan's mega LNG tender

Jul 19 2019

LONDON/SINGAPORE Italian oil major Eni, China's overseas energy unit PetroChina and two trading houses are vying to supply liquefied natural gas (LNG) to Pakistan in one of the largest tenders ever worth billions of dollars, two sources familiar with the matter said on Friday.

UPDATE 1-Four companies vie for Pakistan LNG's multi-year import tender

Jul 19 2019

LONDON/SINGAPORE, July 19 Four companies have submitted offers into a 10-year import tender for deliveries of liquefied natural gas (LNG) to Pakistan, two sources familiar with the matter said on Friday.

European gas prices exceed Asian spot LNG, shuts arbitrage

Jul 15 2019

LONDON European gas hub prices have risen above the price of liquefied natural gas (LNG) on the Asian spot market in a rare occurrence that largely rules out arbitrage of LNG cargoes from the Atlantic to the Pacific basins.

How U.S. LNG plays havoc with Dutch gas and Asian shipping

Jun 28 2019

LONDON Dutch gas prices hit 10-year lows this week, reflecting high European inventories swelled by liquefied natural gas (LNG) imports, testing levels at which companies that committed to buy U.S. LNG will start making serious losses.

UPDATE 3-Asia's Pavilion gets access to Europe LNG terminals with Iberdrola exit

Jun 20 2019

* Iberdrola shifts to short-term gas supply from LNG contracts

Anadarko approves $20 billion LNG export project in Mozambique

Jun 18 2019

LONDON U.S. energy firm Anadarko Petroleum Corp on Tuesday gave the go-ahead for the construction of a $20 billion gas liquefaction and export terminal in Mozambique, the largest single LNG project approved in Africa.

Europe saved $8 billion on gas bill in 2018 due to LNG, reforms: IEA

Jun 07 2019

LONDON Europe saved $8 billion on its natural gas bill last year because surging U.S. shale production and a shake-up in EU energy markets forced Russia to change its gas pricing mechanism, the head of the International Energy Agency said on Friday.

Cheniere signals new LNG pricing structure with Apache deal

Jun 03 2019

LONDON/NEW YORK Cheniere Energy Inc said on Monday it would buy natural gas from Apache Corp's Permian assets using a price mechanism linked to the liquefied natural gas (LNG) it ends up selling and not the typical U.S. gas benchmark.

Cheniere signals new LNG pricing structure with Apache deal

Jun 03 2019

LONDON, June 3 Cheniere Energy said on Monday it would buy natural gas from Apache Corp's Permian assets using a price mechanism linked to the liquefied natural gas (LNG) it ends up selling and not the typical U.S. natural gas benchmark.

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