Jacob Dick joined the NGI staff in January 2022 as an Associate Editor-LNG. He previously covered business with a focus on oil and gas in Southeast Texas for the Beaumont Enterprise, a Hearst newspaper. Jacob is a native of Kentucky and holds a bachelor’s Degree in journalism from Western Kentucky University.
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Articles from Jacob Dick
EU Countries Face Market Realities of Restocking Natural Gas After 80% Storage Rule
With an official natural gas storage plan by the European Union (EU) in hand, member countries are bearing down on filling reserves while the market keeps a wary eye on volumes from Russia and U.S. liquefied natural gas (LNG) producers. The European Commission (EC) solidified on Monday a plan that directs storage facilities in member…
June 28, 2022
EU Approves 80% Natural Gas Storage Plan as Markets Kick Off Another ‘Volatile’ Week
After slightly cooling on an apparent price correction, European energy markets started the week with another leap upward as the European Union (EU) formalized its winter natural gas storage plan. The EU countries officially ratified a plan Monday to reach 80% of natural gas storage capacity available among the 27-country bloc by the winter heating…
June 27, 2022
Chevron, Egypt Pondering Increased Natural Gas Exports
As Egypt’s role as an option for sending more natural gas to Europe solidifies, the country’s petroleum ministry has announced a new tentative partnership with Chevron Corp. to explore ways to boost its liquefied natural gas (LNG) exports. In a memorandum of understanding (MOU) announced by Egypt’s Ministry of Oil and Mineral Resources, Chevron and…
June 27, 2022
European Natural Gas Prices Extend Rally as Germany Warns of Impending Shortages
Natural gas and electricity prices in Europe continued to rise to new highs as Germany entered the “alert” phase of its emergency plan in response to reduced Russian flows and liquefied natural gas (LNG) imports. Germany’s Robert Habeck, minister for economic affairs and climate action, addressed the move Thursday, warning that impending gas shortages could…
June 23, 2022
Venture Global Nets Offtake for Louisiana LNG as Chevron ‘Strengthens’ Portfolio
Venture Global Inc. on Wednesday announced its second offtake agreement in a week for its pair of proposed Louisiana liquefied natural gas (LNG) projects. Chevron Corp. also moved to expand its LNG portfolio. The Arlington, VA company said Chevron agreed to two 20-year sales and purchase agreements (SPA) for a combined 2 million metric tons/year (mmty).…
June 23, 2022
Sempra Nabs 1.4 MMTY Contract with UK’s Ineos for Proposed Gulf Coast LNG Projects
A subsidiary of Sempra has potentially netted another offtaker for two of its proposed Gulf Coast liquefied natural gas (LNG) projects as a European chemical manufacturer moves to secure natural gas supply. Sempra Infrastructure, the LNG and renewable infrastructure arm of the San-Diego based company, said it had a 1.4 million metric ton/year (mmty) heads…
June 22, 2022
Venture Global Nets 1.5 MMty Offtake Deal for Plaquemines, CP2 with First German Customer
Venture Global LNG Inc. has secured a 20-year sales and procurement agreement (SPA) for a combined 1.5 million metric tons/year (mmty) from its two Louisiana natural gas export facilities with one of Germany’s largest energy firms.The SPA clinched by the Arlington, VA-based liquefied natural gas (LNG) infrastructure company is with EnBW Energie Baden-Württemberg AG. EnBW…
June 21, 2022
Israel, Egypt Eye Sending More LNG Supplies to Europe
The European Union (EU) has created a framework for potentially sending more natural gas to the continent following a tentative agreement between Israel and Egypt. The EU and the two potential partners clinched a memorandum of understanding (MOU) outlining collaboration efforts. The MOU highlights plans to send Israeli natural gas to Europe using liquified natural…
June 17, 2022
High Energy Prices Said Sustaining Russia’s Invasion of Ukraine
As European natural gas prices rise yet again, data suggest Russia’s gains from global energy market volatility are blunting the impact of sanctions on its exports. In a study from the Centre for Research on Energy and Clean Air (CREA), an international research group based in Finland, researchers concluded record-high energy prices are helping Russia…
June 17, 2022
Georgia Power Completes ‘Largest’ Test of Hydrogen in Existing Natural Gas Plant
Georgia Power announced it was able to efficiently generate power using a 20% blend of hydrogen with natural gas in a month-long demonstration at one of its plants, which it said could validate the use of existing natural gas infrastructure to lower emissions. The utility collaborated with Mitsubishi Power Americas Inc. and the Electric Power…
June 16, 2022