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
Germany’s Uniper Moves to Recover Natural Gas Losses from Russia’s Gazprom
Germany’s recently nationalized utility Uniper SE, previously one of Europe’s largest buyers of Russian pipeline natural gas, is moving to recover some of its monumental losses from Gazprom PJSC while it continues to divest from the country. Uniper management announced in Düsseldorf Wednesday the company is pursuing arbitration to recover damages from Gazprom it claims…
December 1, 2022
Adnoc Consolidates Natural Gas, LNG Units as Part of $150 Billion Growth Plan
The United Arab Emirates’ Abu Dhabi National Oil Co. (Adnoc), is planning to combine its natural gas processing and LNG units into one partially public company as a part of its plans to modernize its structure and boost production. Dubbed Adnoc Gas, the new entity would incorporate all of the group’s gas processing operations and…
November 30, 2022
BP Achieves First Natural Gas from Latest Development to Boost Trinidad and Tobago Volumes
BP plc reported it has achieved first gas from its offshore Cassia C development, its latest milestone in the effort to sustain natural gas flows and LNG cargoes from Trinidad and Tobago. The firm disclosed Tuesday it had transported ashore its first gas volumes from its latest development in the Greater Cassia area more than…
November 30, 2022
Shell Looks to Grow RNG at ‘Global Scale’ By Acquiring Europe’s Largest Producer
Shell plc is moving to substantially increase its global portfolio of renewable natural gas (RNG) with a nearly $2 billion acquisition deal to acquire Europe’s largest biogas producer, Nature Energy Biogas A/S. Nature Energy, based in Denmark, currently produces around 6.5 Bcf/y of RNG from agricultural, industrial and household waste at 14 operational plants. The…
November 29, 2022
Equinor Targets Deepwater Norwegian Natural Gas Field to Boost Euro Supply
Equinor ASA has submitted a plan to Norwegian regulators outlining a $14 billion-plus project for the country’s first planned deepwater development to boost long-term natural gas supply to Europe. Equinor and its partners told regulators they could tap the Irpa gas field in the Vøring Basin deep below the Norwegian Sea. Discovered in 2009 and…
November 23, 2022
ConocoPhillips Lands 5 MMty of Offtake, 30% Port Arthur LNG Stake in Sempra Agreement
Sempra Infrastructure has formalized an agreement with ConocoPhillips, giving the independent 5 million metric tons/year (mmty) of offtake and a 30% stake in its planned Texas export project east of Houston. The subsidiary of San Diego-based Sempra disclosed Tuesday that it executed a 20-year sales and purchase agreement (SPA) with ConocoPhillips for supply from Port…
November 23, 2022
EU Leaders Unveil ‘Safety Ceiling’ to Protect Against Volatile Natural Gas Price Swings
The European Commission (EC) has proposed a bloc-wide ceiling on natural gas prices linked to Europe’s benchmark in an effort to stanch massive financial volatility, potentially sending ripple effects across global gas markets. In a proposal outlined by the European Union’s (EU) executive branch Tuesday, the Commission could institute a “safety price” mechanism by the…
November 22, 2022
QatarEnergy Signs 27-Year LNG Deal with China’s Sinopec
QatarEnergy has clinched a 4 million metric ton/year (mmty) LNG supply agreement with China Petroleum and Chemical Corp., aka Sinopec, its first for the developing North Field East (NFE) expansion. The two firms signed the 27-year sale and purchase agreement (SPA) during a ceremony in Doha, marking the longest supply contract signed by a Chinese…
November 21, 2022
Freeport LNG Delays Possible Restart to December, Aims for 2 Bcf/d by January
Freeport LNG Development LP is aiming to restart its Texas natural gas export facility in mid-December, spending the rest of the month finishing reconstruction work and fulfilling regulatory requirements. The operator of the 2.38 Bcf/d liquefied natural gas export terminal previously guided that it could repair the damage from a June explosion and restart sometime…
November 18, 2022
Storage, LNG Calm European Natural Gas Prices as Countries Look for Further Demand Cuts
Even as a mild start to European winter and a glut of LNG cargoes calm natural gas prices on the continent, governments are urging greater gas conservation as the risks of spiking demand pile up. European Union natural gas storage is currently above 95%, ahead of the bloc’s 80% target for winter, as the region…
November 17, 2022