Diversified Energy Company PLC (LSE:DEC, NYSE:DEC) has signed a gas supply agreement with a major LNG facility located on the Gulf Coast. Under the terms of the agreement, Diversified will deliver approximately 40 billion cubic feet (Bcf) of natural gas over the next three years, starting in November 2024.
BP's head of liquefied natural gas (LNG) trading, Jonty Shepard, will be leaving the company at the end of the year.
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Cheniere Energy expects China gas demand to grow to more than 600 billion cubic meters (bcm) by 2040 from 400 bcm today, a company executive said at the Asia Gas Markets conference on Tuesday.
The next wave of liquefied natural gas (LNG) supply will come online from 2027, later than the earlier forecast of 2025, due to project delays, TotalEnergies' Senior Vice President for LNG Gregory Joffroy said on Tuesday.
Meg O'Neill, managing director and CEO of Woodside Energy, talks about the outlook for the liquified natural gas industry going into 2025. She also discusses the potential impact that the U.S. election and ongoing Middle East conflict may have on the business.
LNG states that it intends to achieve first liquefied natural gas production from Corpus Christi Stage 3 by year-end 2024. LNG is the second largest producer of natural gas globally.
Cheniere Energy (LNG) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Australia's Woodside Energy reported a 21% sequential rise in third-quarter revenue on Wednesday, on the back of Sangomar cargo sales and higher average LNG prices.
UPI index declined by 0.89% last week, while the S&P 500 gained 1.11%, highlighting a challenging period for LNG shipping stocks. Despite the lack of significant news, long-term contracts averaging $84,000 per day remain a strong point for UPI companies compared to spot rates. Excelerate Energy led gains with a 2.1% rise, while New Fortress Energy saw the largest decline at 7.2%, indicating mixed performance among constituents.
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A ruling by a Paris-based arbitrator prevents KOS from selling the LNG produced from the GTA LNG project to third parties. BP is the operator of the GTA project.