Jacob Dick

Appalachian-focused Range Resources Corp. plans to maintain natural gas and natural gas liquids (NGL) production into next year using hedging and efficiencies to capture the forecast surge in demand as Gulf Coast LNG export facilities start up next year. The management team held a conference call to discuss the latest results and the expected growing…

The European Union’s (EU) energy regulatory agency has recommended bloc members continue reducing natural gas consumption in the short-term and prioritize energy projects that cut future demand. Since European natural gas prices rose to peak levels last summer, the region’s supply and demand balance has found an uneasy equilibrium thanks to demand reduction policies and…

The war in Ukraine and years of underinvestment have placed the global natural gas market in an “unstable equilibrium” that could linger for decades without additional funding for upstream production and LNG infrastructure, according to the International Gas Union (IGU). In its annual Global Gas Report, the IGU and contributors from Rystad Energy AS and…

Woodside Energy Group Ltd. reported one of its projects to expand Australian LNG exports is almost half done, but CEO Meg O’Neill said the country’s regulatory process could be undercutting the firm’s ability to secure foreign investment and domestic natural gas supply. As part of the firm’s third quarter earnings release, O’Neill said construction activity…

QatarEnergy has inked another long-term deal to provide LNG for Europe as Eni SpA continues to replace Russian natural gas supplies. The Italian supermajor has agreed to buy up to 1 million tons (Mt) annually, or the equivalent of about 53 Bcf/year, of liquefied natural gas for 27 years from QatarEnergy’s North Field East (NFE)…

The island nation of Trinidad and Tobago is aiming to take a “significant step forward” in gathering Venezuelan natural gas to support domestic demand and LNG exports after the United States granted an amended license, according to Energy Minister Stuart Young. In a press conference late Tuesday, Young said he expects to complete negotiations with…

The Federal Energy Regulatory Commission approved Venture Global LNG Inc.’s request to expand construction activities at its Plaquemines export project in Louisiana to 24 hours/day and build additional facilities for a large workforce. The 13.33 million metric tons/year (mmty) project is expected to enter service in 2025.

The island nation of Trinidad and Tobago is aiming to take a “significant step forward” in gathering Venezuelan natural gas to support domestic demand and LNG exports after the United States granted an amended license, according to Energy Minister Stuart Young. In a press conference late Tuesday, Young said he expects to complete negotiations with…

Global natural gas consumption is expected to continue increasing through the decade but, as the war in Ukraine continues to impact mature gas markets, International Energy Agency (IEA) researchers see a shift in the demand outlook. In the IEA’s latest Medium-Term Gas Report, researchers said volatility sparked at the beginning of war last year has…