News

South Africa has offered to buy liquefied natural gas from the United States over a 10-year period as part of proposals to secure a trade deal, according to a ministerial statement posted on the South African government news agency website. The document, signed by Minister in the Presidency Khumbudzo Ntshavheni and posted late on Sunday, said that South Africa aims to import 75-100 petajoules, roughly 75 to 100 million cubic metres, of LNG per year from the United States, the world's biggest [Read more]

Pavilion Energy Corp. (“Pavilion”), together with its affiliate Rhodes Petroleum Corporation, (collectively the “Company”) has engaged Sayer Energy Advisors to assist the Company with the sale of its oil and natural gas interests located in the Stoddart and Wonowon areas of northeastern British Columbia (“North East BC” or the “Property”). Current production net to Pavilion from North East BC is approximately 340 boe/d, consisting of approximately 1.4 MMcf/d of natural gas and 113 bbl/d [Read more]

Asia's imports of liquefied natural gas stagnated in May while Europe's continued to ease as demand in both of the world's top-importing regions entered the seasonal slump between winter and summer peaks. Imports of the super-chilled fuel to Asia are on track to reach 22.53 million metric tons in May, up from 21.89 million in April, according to data compiled by commodity analysts Kpler. However, it's worth noting that this actually represents a small drop on a per day basis, with May's [Read more]

Starting with LNG Canada, producers will finally have access to new customers overseas By Cody Ciona Canada’s natural gas production and exports are primed for growth as LNG projects come online, according to Houston, Texas-based consultancy RBN Energy. Long-awaited LNG export terminals will open the door to Asian markets and break the decades-long grip of the United States as the sole customer for Canada’s natural gas. RBN projects that Canada’s natural gas exports will rise to 12 [Read more]