Jacob Dick joined the NGI staff in January 2022 and was promoted to Senior Editor, LNG in February 2024. 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
Cheniere Inks 0.4 MMty Deal with South Korean Utility for Sabine Pass Expansion
Cheniere Energy Inc. has signed a long-term sales and purchasing agreement with Korea Southern Power Co. Ltd (KOSPO) that could eventually help underpin its proposed expansion of Sabine Pass LNG. Earlier in the month, Cheniere management told investors during a first quarter call it had secured a more than 20-year deal with an Asian customer…
May 16, 2023
Venture Global Starts Regulatory Process for Fourth Natural Gas Export Project While Progressing CP2 LNG
In a flurry of agreements and filings this month, Venture Global LNG Inc. progressed development of its proposed CP2 LNG project and a fourth export facility proposed for Louisiana. After landing a series of supply deals this year for the first phase of its 20 million metric ton/year CP2 LNG project, the Virginia-based liquefied natural…
May 16, 2023
Ovintiv Uses Canadian Natural Gas to Cash In on West Coast Prices and Grows in Permian
Ovintiv Inc. balanced its focus between its Permian Basin program and maximizing earnings from its Montney Shale assets during 1Q2023, exceeding production expectations and increasing revenue despite falling U.S. natural gas prices during the quarter. The Denver-based company made good on its word from the previous quarter about its goal to make Permian growth in…
May 15, 2023
LNG Cargoes Stall at Sea as High European, Asian Storage Outweighs Rock Bottom Prices
The amount of LNG floating on vessels at sea for extended periods is ticking above average levels, particularly in Asia, as buyers continue to shun cheap spot cargoes amid weak demand. The volume of liquefied natural gas in floating storage, generally considered on board a vessel for 20 days or more, has been creeping upward…
May 12, 2023
New Fortress Energy, CFE Eyeing Onshore LNG Export Capacity in Mexico as Offshore Unit Nears Completion
As New Fortress Energy Inc. targets deploying its first Fast LNG unit in the waters offshore Mexico’s eastern coast by June, it’s unveiled new plans to move the successive phases of Altamira LNG to land. For the past several years, the liquefied natural gas vessel firm has been working to become a fuel supplier through…
May 10, 2023
NextEra Energy Plans to Sell Texas, Pennsylvania Pipeline Assets to Fuel Renewable Energy
NextEra Energy Inc. is accelerating its pivot to renewables with a plan to sell some of its major natural gas pipeline assets as soon as this year in an effort to become a 100% renewable energy company. NextEra CEO John Ketchum told investors during a call Monday that its decision to sell pipeline assets would…
May 9, 2023
Pushed by Global Energy Crisis, Canadian LNG Projects Inch Forward
After more than a decade-long surge in activity, Canada has fallen behind in the North American LNG export race despite a bevy of proposed projects, but with the winds of a global energy crisis at their backs, some facilities are now moving forward or even nearing completion. Since 2011, 24 liquefied natural gas export and…
May 9, 2023
New Fortress Energy Partnering with Mexico’s CFE to Place Some Altamira LNG Trains Onshore
As New Fortress Energy Inc. targets deploying its first Fast LNG unit in the waters offshore Mexico’s eastern coast by June, it’s unveiled new plans to move the successive phases of Altamira LNG to land. For the past several years, the liquefied natural gas vessel firm has been working to become a fuel supplier through…
May 5, 2023
Wave of Upcoming LNG Contract Expirations Could Help Reshape Global Natural Gas Markets
As a large swath of long-term and shorter LNG contracts are set to expire by the end of the decade, buyers could see a future global natural gas market that is both more physically flexible and financially complex. By 2030, long-term and short-term contracts covering around 195 million tons (Mt) of liquefied natural gas could…
May 4, 2023
Sempra Considers Delaying Cameron LNG Phase 2 as Gulf Coast Costs, Labor Crunch Grow
Sempra Infrastructure could delay a final investment decision (FID) to expand the Cameron LNG facility in Louisiana to avoid further impacts from a mounting labor and supply crunch for projects on the Gulf Coast. The liquefied natural gas infrastructure unit of San Diego-based Sempra had been targeting the completion of a competitive front-end engineering and…
May 4, 2023