Natural gas news

Prices for natural gas in Europe and Asia have diverged from those in the US since the 28 February closure of the Strait of Hormuz, the US EIA has reported.

Data released by Wood Mackenzie shows the Middle East conflict disrupted 80 million tpy of Gulf LNG exports, yet power markets absorbed the shock through fuel diversification.

Burckhardt Compression has secured several orders to supply compressor solutions for LNG terminal projects in Thailand and Taiwan.

GasEntec has entered into contracts to deliver a jetty-based LNG regasification unit and associated onshore equipment for the Dakar LNG terminal in Senegal.

Honeywell has announced that its liquefaction process technology and equipment will be used in NextDecade's Rio Grande LNG Train 4 and Train 5 Projects through an agreement with Bechtel Energy, Inc, Texas, US.

GTT has received an order from Beijing Petrochemical Engineering Co., Ltd for the design of a 10 000 m3 onshore LNG tank to be built at the Yangjiawan LNG liquefaction plant in China.

Petrovietnam's gas subsidiary, PV GAS, has completed the capacity upgrade of the Thi Vai LNG terminal, raising its regasification output from 171 tpy to 288 tpy.

The US Department of Energy has authorised an immediate 22% increase in exports of LNG from the Elba Island Terminal in the US.

The US Energy Information Administration published its April Short-Term Energy Outlook this week, examining the implications of the closure of the Strait of Hormuz.

LNG Canada is starting construction work near its marine terminal consisting of wharf demolition, quay wall construction, and assessment of dredging work.