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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Vessel Arrives at Freeport LNG Loading Facility – The Offtake
A roundup of news and commentary from NGI’s LNG Insight: An LNG vessel arrived at Freeport LNG’s loading dock for the first time since a June fire knocked the Texas facility offline. Chartered by BP plc, the Kmarin Diamond was towed into the facility around 1:30 p.m. Friday, according to data from Kpler. The vessel…
February 10, 2023
TTF, European LNG Price Gulf Narrows, but Risks Abound in Tight Global Market
The wide spread between European pipeline gas futures and LNG delivered to the continent has narrowed to an average range as global gas prices continue to slide, but analysts warn the risk of volatility still looms large. European regulators and natural gas buyers have been cautiously eyeing the differential between Northwest European liquefied natural gas…
February 10, 2023
Equinor Plans Steady Natural Gas Production and Lower Emissions as Europe’s Energy Crisis Continues
Equinor ASA expects European natural gas prices to slide by the middle of the decade as more LNG capacity comes online, but it plans to maintain production levels through 2030 as extreme supply volatility persists. After a year of record prices and volatility, helping stoke lofty revenues for Equinor, management said prices have started to…
February 9, 2023
Sunrise JV Could ‘Advance’ LNG Production from Timor Sea, Woodside Says
A joint venture (JV) formed by Woodside Energy Group Ltd., Osaka Gas Australia and Timor-Leste’s state-owned Timor Gap is studying development and LNG production from the Greater Sunrise natural gas fields near the Southeast Asian island. The partnership, called Sunrise Joint Venture, will expand on previous efforts to evaluate the feasibility of producing and shipping…
February 8, 2023
NextDecade Urges FERC to Act on Rio Grande LNG Approval
NextDecade Corp. has requested FERC respond to a court’s 18-month-old order to revisit the approval of Rio Grande LNG as it seeks to move the Texas export terminal project forward. In a letter to the Federal Energy Regulatory Commission, NextDecade CEO Matthew Schatzman urged Acting Chairman Willie Phillips to act on the remand issued by…
February 7, 2023
New Fortress Planning FLNG Stake Sale to Golar as Focus Turns Inward
New Fortress Energy Inc. (NFE) has agreed to sell its stake in Golar LNG Ltd.’s floating liquefied natural gas (FLNG) production platform in Cameroon as it focuses on increasing utilization of its fleet and strengthening returns to investors. New York-based NFE will sell its stake in the 2.4 million metric ton/year platform Hilli Episeyo for…
February 6, 2023
Tight LNG Market to Continue as EIA Sees Lowest Natural Gas Export Capacity Additions in Decade
The Energy Information Administration (EIA) estimated this year will bring the lowest amount of LNG export capacity additions in a decade, exacerbating expectations for a tight global natural gas market through 2025. In a recent report, EIA researchers projected four liquefied natural gas export projects would come online across the world this year, adding a…
February 6, 2023
Global Natural Gas Price Volatility Accelerating LNG’s Dominance, Says GECF
Natural gas is still expected to dominate the global energy mix and support decarbonization into the middle of the century despite recent market volatility, but the world’s current energy crunch could be accelerating LNG’s position as the trade of choice, according to researchers from the Gas Exporting Countries Forum (GECF). In a recently published Global…
February 2, 2023
ConocoPhillips Sees Continued ‘Tight’ Global Supply Supporting Lofty Production, LNG Investments
Despite softening natural gas and oil prices at the end of last year, ConocoPhillips expects stronger prices through 2023, sustaining multi-billion dollar investments planned for major LNG projects. In a fourth-quarter earnings call hosted Thursday, CEO Ryan Lance said the Houston independent planned to remain focused on capital returns this year. However, the company’s expectations…
February 2, 2023
Willow Project in Alaska Inching Forward as BLM Recommends Partial Approval
The Interior Department’s Bureau of Land Management (BLM) has outlined a preferred alternative for ConocoPhillips’ Willow project proposed for Alaska, creating a path for possible approval for one of the largest oil and gas developments on public lands. In a final supplemental environmental impact statement (SEIS) released Wednesday, BLM staff recommended approval of three of…
February 2, 2023