|Bid||0.62 x 0|
|Ask||0.63 x 0|
|Day's Range||0.60 - 0.64|
|52 Week Range||0.36 - 0.88|
|PE Ratio (TTM)||N/A|
|Earnings Date||Mar 1, 2016 - Mar 5, 2016|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||0.64|
U.S. gas is under threat as a trade war with China escalates. The move would also add new pressure on the U.S. LNG industry, which is competing with Russia, Australia and Qatar for market share in China, the world’s biggest gas buyer. Just last year, U.S. officials were courting Chinese companies to invest in new export projects.
Cheniere Energy Inc., America’s first and biggest shipper of shale gas, struck a 15-year agreement to sell the fuel to commodities trader Vitol Group, according to a statement Monday. Venture Global LNG Inc., which is developing a terminal in Louisiana, has finalized four such contracts over that period. “We still need long-term contracts to launch projects,” Mike Sabel, co-chief executive officer and founder of Venture Global LNG, said at the Gastech conference in Barcelona Tuesday.
Anyone researching Liquefied Natural Gas Limited (ASX:LNG) might want to consider the historical volatility of the share price. Volatility is considered to be a measure of risk in modern financeRead More...
The oil and gas producer also announced job cuts and said it would shift its headquarters to Asia, where it recently acquired new assets and where a new chief executive would be based. Ophir's shares were almost 4 percent lower at 0730 GMT at 36.39 pence. Its share price has fallen by more than 50 percent since the start of the year, due largely to its failure to progress with the LNG project.
DHAKA (Reuters) - Qatar has begun regular shipments of liquefied natural gas (LNG) to Bangladesh after a five-month hiatus since the maiden cargo arrived with the South Asian country's first floating storage ...
and RWE (RWEG.DE) about cooperating on a potential local LNG terminal, its chief executive told a paper. "We have a serious interest in participating in a German LNG terminal and are talking to Uniper and RWE," Saad Al-Kaabi told business daily Handelsblatt in an interview ahead of the Qatar Germany Business and Investment Forum in Berlin on Sept. 7.
Three new liquefied natural gas (LNG) tankers capable of ploughing through the Arctic ice have completed sea trials in recent weeks and are due to start operations at the Yamal LNG terminal in northern Russia, Reuters shipping data shows. Novatek's (NVTK.MM) Yamal terminal has been ramping up LNG shipments faster than expected after loading its first cargo in December 2017, with two trains now running at capacity and a third being commissioned. As part of the project, the first along northern Russian shores that are trapped by thick ice for most of the year, 15 carriers in the Arc7 class were ordered from South Korea's Daewoo Shipbuilding & Marine Engineering Co (DSME) .
U.S.-China trade tensions threaten a promising area of growth in U.S. energy: natural-gas exports. While the trade dispute hasn’t impacted near-term prices, some analysts believe it could disrupt exports and slow new infrastructure expansions. Earlier this month, in response to U.S. tariffs, China proposed its latest round, including a 25% levy on liquefied natural gas, or LNG.
China's omission of liquefied natural gas (LNG) from its vast list of U.S. products that face hefty import duties from Friday has preserved a potential weapon should the trade war with Washington deepen. It also underscores Beijing's desire to ensure supplies of gas as it pushes to switch millions of households and businesses away from using coal as a key part of its 'war on pollution'. China will on Friday impose tariffs on $34 billion of U.S. goods from pork to soybeans to cotton in retaliation for a similar move by Washington as trade relations sour between the world's top two economies.
The world’s biggest oil and gas players are gathering for a summit in Washington D.C. this week that will be overshadowed by the specter of shifting trade patterns due to a trade dispute between the United States and China. The uncertainty comes at a historic moment for the United States, which has become the world’s biggest natural gas producer, one of the top crude oil producers, and a growing exporter of both. "The timing is unfortunate," said Charlie Riedl, executive director of the Center for LNG, noting the U.S.-China trade scuffle has ramped up uncertainty just as the next wave of U.S. liquefied natural gas producers are trying to finalize offtake deals needed to start construction.
LONDON (Reuters) - ** BP Shipping on Thursday notified the liquefied natural gas (LNG) market of its interest in leasing the British Ruby or its sister vessel for a minimum of nine months from Dec-Q1 2019, ...
June 11 (Reuters) - Global liquefied natural gas (LNG) trade grew by 10 percent last year due primarily to growing liquefaction capacity in the Australia and the United States, the U.S. Energy Information ...
Asian liquefied natural gas (LNG) prices have risen to their highest since 2014 for this time of the year as demand from China, India and South Korea has surged at the same time several production issues are curbing spot supply. Higher oil prices and China's continued buying of spot cargoes this year is also supportive, said Kittithat Promthaveepong, a senior analyst at consultancy FGE. "This is driven mainly by three factors: lower domestic gas production due to maintenance at gas fields, industrial demand due to fuel switching away from oil, and early stock building to prepare for the coming winter," he added.
Britain's busiest liquefied natural gas (LNG) import terminal, South Hook, is seeking to broaden its sources of supply as robust Asian demand diverts cargoes from Qatar - the world's biggest exporter and the terminal's majority shareholder. Volumes to the terminal, in which Qatar Petroleum owns a controlling stake, have halved so far this year from a year ago to 1.2 million cubic metres (mcm) and amount to just 15 percent of 2016 volumes for the same period. South Hook, in Wales, has been seeking to broaden the specification of its gas since January, a proposal that was approved late on Thursday by the Joint Office of Gas Transporters (JOGT), which administers the rules for transporting gas in Britain.
Moody's Investors Service (Moody's) has today upgraded to Baa1 from Baa2 the long-term issuer rating of Enagas S.A. (Enagas) and senior unsecured debt rating for Enagas Transporte, S.A.. At the same time, Moody's has affirmed the short term issuer rating for Enagas at P-2. The outlook is stable on all ratings.
Equatorial Guinea is in talks to sell liquefied natural gas (LNG) supply from its Punta Europa project to independent and state-backed oil companies and traders from 2020 as it winds down an exclusive deal with Royal Dutch Shell (RDSa.L). Gabriel Obiang Lima, Minister for Mines and Hydrocarbons, told Reuters he is seeking to lift royalties from future LNG deals close to 50 percent, compared with 12.5 percent under existing arrangements with Shell. Shell's deal, inherited after it acquired BG Group in 2015, was amended in 2009 under government pressure to include a 12.5 percent share of profits, but it is still among the most lucrative contracts for any LNG exporter.
SINGAPORE (Reuters) - Gail India has offered three liquefied natural gas (LNG) cargoes for May to July loading from Sabine Pass in the United States, two traders said on Tuesday. The cargoes will be sold ...
SINGAPORE/LONDON (Reuters) - Gail (India) is seeking two liquefied natural gas (LNG) cargoes for delivery over April to May, traders said on Wednesday. The company is seeking one cargo for April 10-20 ...
Moody's Investors Service (Moody's) assigned a Baa3 Issuer Rating to Peru LNG S.R.L. (PLNG) and its proposed USD940 million in senior unsecured notes. Proceeds from the notes will be used to refinance ...
Investments in new liquefied natural gas (LNG) projects are thawing out after three years of low prices, with Exxon Mobil expecting to advance in Mozambique and Qatar, and Oil Search looking to expand in Papua New Guinea. Surging gas demand from China and Southeast Asia is reassuring export project developers sitting on huge untapped gas discoveries across the globe that the market cycle is finally beginning to turn. Oil executives at the LNGA conference in Singapore on Wednesday were upbeat on prospects for the development of new supply outside the United States, a recent magnet for LNG investments.
SINGAPORE (Reuters) - Gail (India) (GAIL.NS) has launched a tender to buy a liquefied natural gas (LNG) cargo for delivery in March, two trade sources said on Wednesday. The company is seeking a cargo ...
ExxonMobil Corp has shut its liquefied natural gas (LNG) plant in the wake of a powerful earthquake in Papua New Guinea's remote highlands region that cut off roads and damaged buildings, with unconfirmed reports of 20 or more deaths. The global energy giant said communications with nearby communities remain down following the 7.5 magnitude earthquake early on Monday, hampering efforts to assess damage to facilities that feed the PNG LNG plant, the country's biggest export earner. "Communications continue to be one of the most significant challenges," ExxonMobil said in an emailed statement, adding that damage has closed the Komo airfield that serves its gas production and processing operations.
China's imports of liquefied natural gas (LNG) hit record levels in January, as the world's most populous nation rushed to shore up supplies ahead of another cold snap and this month's Lunar New Year celebrations, while fuel exports also jumped. LNG imports totalled 5.18 million tonnes, compared with the previous record of 5.03 million tonnes set in December and up 51.2 percent from January, 2017, according to data on Friday from China's General Administration of Customs. Meanwhile, China's January gasoline exports soared by two thirds to 1 million tonnes from a year earlier and were just shy of December's all-time high of 1.23 million tonnes.
NUSA DUA, Indonesia/SINGAPORE (Reuters) - Soaring gas demand from China, India and Southeast Asia is sucking up an LNG supply glut previously expected to last for years, opening opportunity for new production from East Africa to North America that had been deemed part of the overhang. Trade flows in Eikon show global liquefied natural gas (LNG) imports have risen 40 percent since 2015, to almost 40 billion cubic metres (bcm) a month.