Jacob Dick

Federal regulators have signed off on Freeport LNG Development LP’s request to begin cooling part of its transfer equipment, an early step to eventually restarting the 2.38 Bcf/d terminal. The Federal Energy Regulatory Commission informed Freeport Thursday it would grant its request to begin cooling its Loop 1 liquefied natural gas transfer system after a…

Alaska Gov. Mike Dunleavy sees the state’s future connected to its role as a global energy supplier, which means utilizing more natural gas resources and developing LNG exports to Asia, he said during the annual State of the State address. The Republican governor, who is beginning his second term, said he intended to build on…

Sempra Infrastructure reported the first phase of its Port Arthur LNG project has reached its required offtake subscription for a final investment decision (FID) after it inked another long-term agreement with a European firm. Polish refiner PKN Orlen SA signed a 20-year sales and purchase agreement (SPA) for 1 million metric ton/year (mmty) of liquefied…

A floating production, storage and offloading vessel is on its way to the Greater Tortue Ahmeyim (GTA) LNG project operated by BP plc off the coast of Mauritania and Senegal in Africa, according to the company. The vessel left a Chinese shipyard last week after three years of construction. Once operational, BP estimates the first…

The rates charterers pay for vessels to move LNG cargoes across the world are declining, especially in the Atlantic Basin, as global natural gas prices dip and ship availability surges after months of tightness. Spark Commodities on Tuesday assessed spot freight rates for Feb. 8-March 10 deliveries in the Atlantic at $60,500/day, unchanged from Monday.…

After months of repair work and documentation, Freeport LNG Development LP has formally asked federal regulators to allow preliminary work to restart the 2.38 Bcf/d terminal, according to FERC filings. Federal Energy Regulatory Commission staff published Monday a request submitted by the Houston-based company requesting permission to begin reintroducing liquefied natural gas through its Loop…

Europe’s energy regulators and financial market authority reported the European Union’s (EU) natural gas price cap policies haven’t appeared to impact trading, but the bloc’s price control mechanism hasn’t been tested. The European Securities and Markets Authority (ESMA), the EU’s independent financial markets regulator, delivered a preliminary report Monday as part of the European Council’s…

Equinor ASA has discovered a 2-11 billion cubic meters (Bcm) natural gas reserve on the Norwegian continental shelf (NCS) as a part of its foray into deepwater exploration near existing license blocks to unlock more supplies for Europe. Dubbed the Obelix Upflank, the discovery was made around 14 miles from Equinor’s prolific Irpa discovery. Late…

A roundup of news and commentary from NGI’s LNG Insight: Federal Energy Regulatory Commission staff released a draft environmental impact statement (EIS) for an expansion of Venture Global LNG Inc.’s expansion and associated pipeline project at Calcasieu Pass LNG (Nos. CP22-21-000, CP22-22-000). Staff concluded the 20 million metric tons/year CP2 LNG project would have impacts…