Caroline Evans joined NGI as an associate LNG editor in March 2021. Prior to NGI, she was a reporter for five years at oil & gas newspaper Upstream, where she covered North American LNG and shale. Caroline holds a bachelor of arts degree in history from McGill University and a master of arts degree in journalism from the University of Missouri.
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Articles from Caroline Evans
U.S. to Lead Global LNG Supply Growth This Summer, Says Goldman
Global liquefied natural gas (LNG) supplies are expected to rise by 43 million metric tons/year (mmty) this summer with the United States in the lead, according to Goldman Sachs Group Inc. The investment bank’s analysts projected domestic LNG exports could grow by 35 mmty this summer from 2020 levels, as flows normalize. By comparison, leading…
April 6, 2021
As Pacific LNG Exports Beckon, KKR Acquiring Stakes in Sempra’s Mexico, Gulf Coast Projects
Global investment firm KKR is buying a stake in a Sempra Energy business unit that manages liquefied natural gas (LNG) projects in Mexico and along the U.S. Gulf Coast as it anticipates growth in North American energy infrastructure. Under the terms of the deal announced Monday, KKR will pay $3.37 billion for a 20% non-controlling…
April 5, 2021
KKR Eyes Infrastructure Growth with Stakes in Sempra’s Gulf Coast, Mexico LNG Projects
Global investment firm KKR is buying a stake in a Sempra Energy business unit that manages liquefied natural gas (LNG) projects on the Gulf Coast and in Mexico as it anticipates growth in North American energy infrastructure. Under the terms of the deal announced Monday, KKR will pay $3.37 billion for a 20% non-controlling interest…
April 5, 2021
Evolution Gains Barnett Foothold with $23M Tokyo Gas Deal
Houston-based Evolution Petroleum Corp. is set to enter the Barnett Shale in North Texas with the acquisition of 23,000 net acres from Tokyo Gas Americas Ltd. Evolution said Wednesday it would pay $23.25 million for the nonoperated position, which currently produces about 22 MMcf/d of natural gas and 13,000 b/d of liquids. In percentage terms,…
April 1, 2021
No U.S. LNG Export FIDs Predicted in 2021, Says Wood Mackenzie
No U.S. liquefied natural gas (LNG) projects are expected to be sanctioned this year, marking the second year in a row developers may postpone moving ahead with facilities, according to Wood Mackenzie. Consultants during a webcast last week said domestic final investment decisions (FID) were unlikely as sponsors struggle to secure long-term contracts “Generally, we’ve…
March 31, 2021
Santos Sanctions $3.5B Australian Project to Extend Darwin LNG Exports
Santos Ltd. has sanctioned a $3.6 billion development in the Timor Sea to extend the life of the Darwin gas export facility in Australia. Australia-based Santos said Tuesday the final investment decision (FID) would also kick off a separate $600 million investment to extend the life of the 3.7 million metric tons/year Darwin liquefied natural…
March 30, 2021
Oxy, NextDecade Ink CCS Deal for South Texas Rio Grande LNG Project
U.S. liquefied natural gas (LNG) player NextDecade Corp. is one step closer to sanctioning a carbon capture and sequestration (CCS) project associated with its planned LNG facility in South Texas after signing an initial agreement with Houston-based independent Occidental Petroleum Corp. (Oxy). Houston-based NextDecade said Thursday it had inked a term sheet with Oxy Low…
March 26, 2021
Enviros’ Call for U.S. to Pull Funding for Gas Projects Likely to Have ‘Minimal’ Impact on LNG
More than 400 environmental organizations across the globe have called on the Biden administration to end public support for fossil fuel developments, including natural gas projects, within 90 days. In a letter sent last week to a number of cabinet officials including Secretary of State Antony Blinken and Treasury Secretary Janet Yellen, the groups asked…
March 24, 2021
Canceled Annova LNG Export Project Signals Potential Headwinds for U.S. FIDs
The sponsors of the planned Annova liquefied natural gas (LNG) export project in South Texas have called quits on the development, citing changes in the global market. Annova disclosed the “immediate discontinuation” of the 6.5 million metric tons/year (mmty) export project in a letter filed Monday with FERC. The letter asked the Federal Energy Regulatory…
March 23, 2021
Canada’s Tourmaline Gets Natural Gas Production Bump After Acquisitions
Canadian independent Tourmaline Oil Corp. broke production records in 4Q2020 after a pair of acquisitions boosted its output. The independent which has assets in British Columbia and Alberta, said recently it exited the quarter producing more than 400,000 boe/d after acquiring smaller Canadian players Jupiter Resources Inc. and Modern Resources Inc. in December. The deals…
March 19, 2021