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Jacob Dick

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.

BP, Adnoc East Mediterranean Partnership to Advance Egyptian Natural Gas

BP, Adnoc East Mediterranean Partnership to Advance Egyptian Natural Gas

Abu Dhabi National Oil Co. (Adnoc) and BP plc are creating a joint venture (JV) focused on Egyptian natural gas production as conflict in Israel and Palestine continues to pressure Eastern Mediterranean energy exports. The new JV, majority-owned by BP (51%), would include the London-based major’s interest in three offshore development concessions, as well as…

February 20, 2024
Venture Global Asks FERC for 1-Year Extension of Calcasieu Pass LNG Commissioning

Venture Global Asks FERC for 1-Year Extension of Calcasieu Pass LNG Commissioning

Work at Venture Global LNG Inc.’s Calcasieu Pass export facility could stretch on until the end of the year, requiring the firm to seek an authorization extension from FERC, the company disclosed in a recent filing. The Virginia-based company has asked the Federal Energy Regulatory Commission to grant it an extra year to complete the…

February 16, 2024
Asia Could Drive 50% Rise in Global LNG Demand By 2040, Shell Says

Asia Could Drive 50% Rise in Global LNG Demand By 2040, Shell Says

Shell plc has tempered its expectations for peak LNG demand over the next two decades, but the top natural gas trader still expects the current buildout of export capacity led by the United States to fall short of rising global consumption driven by Asia. In its latest liquefied natural gas market outlook, the London-based integrated…

February 14, 2024
U.S. LNG Pause Could Help Balance Future Global Natural Gas Prices, Equinor Says

U.S. LNG Pause Could Help Balance Future Global Natural Gas Prices, Equinor Says

Norway’s Equinor ASA expects the Biden administration’s pause of natural gas export authorizations to delay some massive additions to U.S. LNG capacity expected at the end of the decade, but the overall impact could help avoid market oversupply. During the company’s recent fourth quarter earnings call with analysts, Irene Rummelhoff, executive vice president for marketing,…

February 13, 2024
National Grid Seeks to Keep Everett LNG Open Through the Decade as East Coast Supply Safeguard

National Grid Seeks to Keep Everett LNG Open Through the Decade as East Coast Supply Safeguard

National Grid plc has asked Massachusetts regulators to approve a deal with Constellation Energy Corp. that could keep the Everett LNG terminal open to serve almost one million East Coast natural gas customers during periods of peak demand. With its 1,400 MW Mystic Generating Station slated for retirement later in the year, Constellation has said…

February 13, 2024
U.S. LNG Contracting Slowed in 2023 as Global Natural Gas Prices Stabilized, EIA Says

U.S. LNG Contracting Slowed in 2023 as Global Natural Gas Prices Stabilized, EIA Says

While LNG export capacity in the United States is set to continue ballooning through the end of the decade, the pace of supply contracts could be cooling for terminal projects still in development, according to the Energy Information Administration (EIA). Last year marked another leap forward for U.S. liquefied natural gas export expansions, with three…

February 9, 2024
Santos, Woodside Abandon Potential Merger as Search for More Global LNG Supply Continues

Santos, Woodside Abandon Potential Merger as Search for More Global LNG Supply Continues

Santos Ltd. and Woodside Energy Group Ltd. have decided not to pursue merger talks that could have created an Australian LNG super giant reportedly worth $52 billion. Both firms disclosed Wednesday that months-long talks had ended without a mutually beneficial deal. Combined, the companies control more than 40 million metric tons/year (mmty) of liquefied natural…

February 8, 2024
What Does A Pause of LNG Export Authorizations Mean for the U.S.? Listen Now to NGI’s Hub & Flow

What Does A Pause of LNG Export Authorizations Mean for the U.S.? Listen Now to NGI’s Hub & Flow

Click here to listen to the latest episode of NGI’s Hub & Flow podcast, in which NGI’s Jacob Dick explores the market implications of the Biden administration’s pause of new LNG export authorizations with Rapidan Energy Group’s Alex Munton. After the Jan. 26 announcement that the Department of Energy would be reviewing its policies for…

February 7, 2024
LNG Export Pause Facing Scrutiny as GOP Opposition Mounts

LNG Export Pause Facing Scrutiny as GOP Opposition Mounts

As congressional pushback against the Biden administration’s pause of LNG export permits heats up, EQT Corp. CEO Toby Rice said U.S. producers and exporters already have work ahead to abate the potential damage to project development. Rice joined a panel of witnesses Tuesday during a House Energy and Commerce subcommittee hearing. It was one of…

February 6, 2024
U.S. LNG Permits Are Frozen, What Now? An NGI Primer For Understanding the Export Pause

U.S. LNG Permits Are Frozen, What Now? An NGI Primer For Understanding the Export Pause

In the days since the Biden administration’s decision to review the process for approving more U.S. LNG export capacity, speculation has swirled about what a temporary pause of Department of Energy (DOE) authorizations means for the industry. NGI has compiled a brief primer with answers to some of the largest questions looming over the U.S.…

February 5, 2024
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