LNG
Overview
LNG's role as a key feedstock is well established as it helps manage both input costs and carbon emissions. Heavy industrial users' drive to achieve net zero targets has added a new dimension to how and where it is being deployed. Overall, its use is expected to increase and is tipped to become the strongest-growing fossil fuel.
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US gas CEOs declare victory over energy transition
US gas CEOs declare victory over energy transition
Houston, 12 March (Argus) — The energy industry is finally recognizing that more renewable resources will not deter demand growth for natural gas anytime soon, the chief executives of major US natural gas and LNG producers said today. Two years ago, renewables were the principle talking point of the energy industry, said Michael Smith, chief executive of Freeport LNG, at the CERAWeek by S&P Global conference in Houston, Texas. "That has completely changed," Smith said. "There is a recognition within the industry that the energy transition is not going to be using natural gas just as a bridge fuel." That recognition comes from growing overseas demand for US LNG, the desire by countries to convert coal-fired power generation to gas-fired generation, and more recently, booming power demand by planned data centers to run artificial intelligence software, said Toby Rice, chief executive of EQT, the second-largest US gas producer by volume. But despite growing demand, environmental and local opposition to the construction of new US interstate gas pipelines poses a challenge to the industry's ability to produce and transport enough gas to fulfill that demand, Rice said. "The biggest challenge that's facing our industry is this pipeline cancellation movement," Rice said. Construction of interstate gas pipelines in the US has become difficult in recent years as environmentalists and landowners pressure state governments to withhold air and water quality permits needed for those projects. Rice's controversial 2 Bcf/d (57mn m³/d) Mountain Valley Pipeline (MVP), which connects gas fields in West Virginia with markets 300 miles away in Virginia, is the only major greenfield interstate gas pipeline project in the eastern US that has overcome legal opposition in recent years. It was allowed to bypass federal permitting hurdles through an agreement in 2023 between former President Joe Biden and Republicans to raise the limit on the federal debt, provoking outrage from environmental groups and some Democrats. The pipeline began service in June 2024, six years behind schedule and with a price tag of $7.85bn, compared to an original estimate of $3.5bn. MVP "is a piece of infrastructure that they said was not needed", even though the pipeline was operating at maximum capacity this winter, Rice said. "Everybody should be incredibly concerned that it takes an act of Congress to get a pipeline built in this country." By Julian Hast Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
US adds 151,000 jobs in February, unemployment up
US adds 151,000 jobs in February, unemployment up
Houston, 7 March (Argus) — The US added 151,000 nonfarm jobs in February and the unemployment rate ticked higher, but federal jobs fell, possibly reflecting the first of the mass layoffs launched by the new US administration. The job growth was under the 160,000 jobs forecast by analysts surveyed by Trading Economics. It followed upwardly revised job growth of 323,000 in January and downwardly revised growth of 125,000 in December, marking downward combined revisions of 2,000 reported Friday by the Labor Department. Monthly job gains averaged 168,000 over the prior 12 months. Unemployment rose to 4.1pc from 4pc. Average hourly earnings grew at a 4pc annual rate, down from 4.1pc in the prior period. Manufacturing added 10,000 jobs in February, with motor vehicles and parts adding 9,000 jobs. Mining and logging added 5,000. Health care added 52,000 jobs in February, financial activities added 21,000 jobs and transportation and warehousing added 18,000 jobs. Retail trade fell by 11,000. Federal jobs fell by 10,000 in February, possibly reflecting the first of the mass layoffs launched by the new US administration earlier last month. While federal government jobs fell, state and local government jobs grew by 20,000. The employment report comes one day after employment consultancy Challenger, Grey & Christmas reported that US-based employers announced 172,000 job cuts in February, the highest for the month since 2009 , led by federal job cuts. Federal government job cuts totaled 62,242 announced by 17 different agencies as part of the Department of Government Efficiency (DOGE)'s mass layoffs and contract cancellations, Challenger said. Most of the job cuts captured by Challenger were in the latter part of the month, while the government employment report is based on a survey that includes the pay period encompassing the 12th of the month. By Bob Willis Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
Japan's Osaka Gas to build 623MW CCGT unit
Japan's Osaka Gas to build 623MW CCGT unit
Tokyo, 7 March (Argus) — Japanese gas retailer Osaka Gas has agreed to develop a 622.6MW combined-cycle gas-turbine (CCGT) unit in Ehime, Hyogo prefecture, which it plans to bring on line by 2031. Osaka Gas reached a deal with state-owned Development Bank of Japan (DBJ) and financial firms SMFL Mirai Partners and Mizuho Leasing to build the unit. The four companies set up a joint venture called Himeji Natural Gas Power Generation No.3 in December last year and aim to start commercial operations at the unit in the April 2030 to March 2031 fiscal year. The CCGT unit will be designed to use LNG as a generation fuel, but will also consume e-methane in the future, Osaka Gas said. The new gas-fired power unit was awarded to Osaka Gas under Japan's first auction for long-term zero-emissions power capacity last year. The unit is one of 10 planned gas-fired units with a combined capacity of almost 6GW that were awarded in the auction. The auctions plan to target mostly clean power sources, with 4GW of nuclear, battery storage, ammonia, hydrogen, biomass and hydroelectric capacity awarded in the first round. But they also cover plants burning regasified LNG as an immediate measure to secure stable power supplies, so long as they become a net zero power source by 2050. Osaka Gas has participated in several e-methane projects both in Japan and overseas. Osaka Gas has set a target to switch 1pc of its city gas to carbon-free e-methane in the 2030-31 fiscal year. By Reina Maeda Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
LNG truck loadings slide at Gate, Elengy terminals
LNG truck loadings slide at Gate, Elengy terminals
London, 6 March (Argus) — Demand for LNG as a road fuel at the Netherlands' Gate and France operator Elengy's Montoir and Fos terminals decreased in 2024 compared with earlier years, at least in part because trucks operating in Germany are increasingly choosing to run on bio-LNG which is available in only limited quantities at these terminals. The number of truck loadings at the Netherlands' Gate terminal decreased by about 30pc in 2024 compared with 2023, commercial manager Stefaan Adriaens said at last month's small-scale LNG summit in Milan. That is despite the terminal having launched two new truck loading bays in September. Truck loadings have similarly decreased at French LNG operator Elengy's Montoir and Fos-sur-Mer terminals. The number of used slots at Montoir totalled 2,676 in 2024, down from 2,968 in 2022, according to Elengy data, although the terminal underwent a lengthy maintenance period in 2024. Aggregate loadings at Fos Cavaou and Tonkin decreased to 7,812 in 2024 from 8,822 in 2022. The number of available truck loading slots at all three terminals increased to 19,400 from 18,800 over the same period. The fall in truck loadings at Gate and the Elengy terminals is likely to reflect vehicles choosing to load at other terminals in northwest Europe. About 85pc of the 9,000 LNG truck loading slots sold at Belgium's Zeebrugge terminal for 2024 were used, terminal operator Fluxys told Argus . The 7,650 trucks loaded in 2024 marks a step up from 6,530 in 2022, according to the latest available data published by Gas LNG Europe. Fluxys refused to say how many of the 8,000 slots sold for 2023 were used. Shell also started operations at a 100,000 t/yr bio-LNG liquefaction plant in Cologne in April , which is capable of loading 4,000-5,000 trucks a year. This plant is closer to more LNG refuelling stations than Gate and Zeebrugge, which cuts down on inland freight costs. Many of the LNG-powered trucks operating in Germany are choosing to operate on bio-LNG, market participants said, which is likely to have weighed on the demand for loadings of conventional LNG from the Gate and Elengy terminals. Gate's bio-LNG capacity is limited to 100,000 t/yr at present, all of which was sold out in 2024, while Elengy does not yet provide bio-LNG services at its terminals. Adriaens said in December that 72pc of trucked LNG in Germany is bio-LNG. The Gate and Elengy terminals have experienced waning demand for LNG as a road fuel even though the number of LNG-fuelled trucks has increased each successive year since 2020, according to data from the European Commission's alternative fuels observatory ( see truck graph ). About 10,700 LNG-fuelled trucks were in operation across the EU in 2024, up from just 6,000 in 2020. Although the number of LNG-powered trucks on the roads has increased in recent years, the registration of new vehicles has slowed. About 1,580 new LNG-powered trucks were registered in 2024, down from a high of 2,022 in 2021. Registrations of LNG-fuelled vehicles are still recovering from a sharp drop in 2022, when hub prices across Europe spiked ( see price graph ). Adriaens said that the extreme prices of this period have discouraged the use of LNG as a road fuel and weighed on the number of orders being made for LNG-powered vehicles. By Cerys Edwards Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
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