WorldOil Pakistan LNG considers canceling contracts with Eni, Gunvor Pakistan’s main buyer of liquefied natural gas is considering canceling two long-term contracts as a slump in spot prices and abundant production create opportunities for cheaper supply, according to people familiar with the situation. Global LNG glut drives cancellations at key U.S. shale terminals A buyer of liquefied natural gas has canceled two cargoes from Cheniere Energy Inc., the biggest U.S. exporter, as a global glut pummels prices for the fuel and threatens to shut a key outlet for shale production. Siemens lands compressor contract for Venture Global in Louisiana The new LNG export facility, Calcasieu Pass, is expected to produce 10 MTPA of clean liquefied natural gas that will be exported to global markets. Shell projects bright future for LNG beyond short-term pricing challenges Global demand for LNG grew by 12.5% to 359 million tons in 2019, according to Shell’s latest annual LNG Outlook, bolstering LNG’s growing role in the transition to a lower-carbon energy system. Low gas prices dampen appeal of wind and solar as energy alternatives Cheap natural gas is making it tough for states, cities and utilities to achieve their goals of being zero-carbon in power production by 2050 or earlier. Europe’s bearish natural gas market searches for a bottom As natural gas prices across the Atlantic are flirting with their lowest level in more than two decades, European energy traders this week struck a very bearish tone at a giant industry event in Germany’s industrial heartland. Is there a bottom for Europe’s plunging natural gas market? The global glut of the fuel has seen prices plunge in the U.S., Europe and Asia as a wave of liquefied natural gas hits the market. Associated gas from oil fields in North America also boosted supplies at a time when demand growth is under threat from a slowing global economy and the coronavirus. Daily Brief podcast, Tuesday, February 11th In today's episode, we look at what the coronavirus is doing to Chinese gas demand, and the rare steps China is taking in response; gas prices in the U.S. fall to a four-year low; and oil holds around $50 in spite of OPEC's inaction. CNOOC refuses LNG cargoes, declaring force majeure over coronavirus In a dramatic and rare step, China National Offshore Oil Corp. declared what’s known as force majeure, meaning it won’t take delivery of some LNG cargoes, because the virus is constraining its ability to import the fuel. Edge LNG to capture and liquefy Marcellus gas unreachable by pipeline Edge LNG has been selected by a large producer to capture and liquefy gas from its stranded wells in Tioga County in the Marcellus basin. For the producer, this represents an opportunity to reap economic benefits on assets unreachable by pipeline.