Natural Gas News – May 30, 2025
Natural Gas News – May 30, 2025
Chevron Says Data Center Plans “Moving Very Quickly”
Chevron’s young business to build gas-fired plants that directly supply data centers is “moving very quickly,” and final agreements with hyper scalers could come soon, Chevron New Energies president Jeff Gustavson tells Axios. Chevron’s — and rival Exxon’s — plunge into behind-the-meter power for data centers shows how the oil supermajors are moving to capitalize on AI’s powerful energy thirst. In January, Chevron and investment firm Engine No. 1 unveiled a partnership to deploy gas plants co-located with big data centers starting in 2027, using GE Vernova turbines.… https://tinyurl.com/yj8f5k59
LNG Slowdown in Asia Masks a Bigger Surge Ahead
Demand for liquefied natural gas from the biggest importing region—Asia—has remained strong this year, although it has experienced a certain softening compared to last year. Prices are to blame for the softening—and they’re about to slide lower and reverse the demand trend. Asian LNG importers bought 112.45 million tons of LNG over the first five months of the year, Reuters’ Clyde Russell wrote this week, citing data from Kpler. This was down 6.2% on the first five months of 2024. and most of the decline came from China, which sunned pricy spot market LNG.… For more info go to https://tinyurl.com/4pjmtkmz
This article is part of Daily Natural Gas Newsletter
Tagged:
MARKET CONDITION REPORT - DISCLAIMER
The information contained herein is derived from sources believed to be reliable; however, this information is not guaranteed as to its accuracy or completeness. Furthermore, no responsibility is assumed for use of this material and no express or implied warranties or guarantees are made. This material and any view or comment expressed herein are provided for informational purposes only and should not be construed in any way as an inducement or recommendation to buy or sell products, commodity futures or options contracts.
