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
ConocoPhillips’ Lance Urges Natural Gas, Oil Industry to ‘Stay Connected’ in Midst of Ukraine Crisis
In the wake of a ban on Russian oil and natural gas to the United States, Tuesday talks at CERAWeek in Houston notably shifted to energy security and geopolitics, but ConocoPhillips CEO Ryan Lance had a few choice words for anyone who believes this is a perfect time to keep the U.S. natural gas and…
March 8, 2022
Cheniere’s CEO Sees LNG Demand Growing Exponentially, with Volatile Market Even Tighter in Future
Cheniere Energy, Inc. CEO Jack Fusco said Monday demand growth for liquefied natural gas (LNG) has only increased since the start of recovery from the Covid-19 pandemic and that growth is expected to be sustained. During an energy transition panel on the opening day of CERAWeek by S&P Global in Houston, Fusco said predictions that…
March 7, 2022
Asian LNG Prices Volatile as War in Ukraine Could Intensify Competition for Cargoes
Spot prices for liquified natural gas (LNG) to be delivered to Asia have taken a volatile swing upward as buyers prepare for a potential tug-of-war with a European continent struggling through a major gas crunch and impacts from the Ukrainian conflict. Spot Japan-Korea Marker (JKM) prices were assessed at a record $59.672/MMBtu Thursday before taking…
March 4, 2022
U.S. Energy Sector Pledges Support for Ukraine Amid Russian Invasion
U.S. oil and natural gas leaders this week pledged to support Ukraine in light of Russia’s unprovoked invasion, which roiled financial markets around the world. Russia’s attack against Ukraine, forewarned by Russian President Vladimir Putin for months, came on the heels of major sanctions by the United States and its allies. It also followed Germany’s…
February 25, 2022
U.S. Natural Gas, Oil Groups Voice Support for Ukraine, Slam Russian Invasion
U.S. oil and natural gas leaders on Thursday pledged to support Ukraine in light of Russia’s unprovoked invasion, which roiled financial markets around the world. Russian troops invaded on multiple fronts, leading to volatile jolts to commodity prices. The attack, forewarned by Russian President Vladimir Putin for months, came on the heels of major sanctions…
February 24, 2022
Williams CEO Says U.S. LNG to Benefit from NS2 Suspension; Natural Gas Prices Move Higher
Europe’s dependence on U.S. natural gas is going to “grow even faster” if Nord Stream 2 (NS2) deliveries from Russia to Germany are delayed, Williams CEO Alan Armstrong said. During a conference call Tuesday to discuss the natural gas pipeline giant’s fourth quarter and year-end results, Armstrong said the value of domestic supply will grow…
February 23, 2022
Flex LNG Prepared for a Solid 2022 Despite an ‘Ice Cold’ Start to the Year
Major shippers of liquefied natural gas (LNG) have been expecting the market to grow tighter as demand outpaces production growth, but geopolitical tensions are requiring transporters to stay on their toes, according to Flex LNG Ltd. Flex management reported last week that the fluctuating market dynamics worked out in its favor last year, with significant…
February 23, 2022
Biden Promises More Russian Sanctions and Germany Suspends NS2 Certification
President Biden on Tuesday increased pressure on Russia with economic sanctions and troop movements in response to escalation on the Ukrainian border. It was the latest pushback against the country by western allies of Ukraine after President Vladimir Putin announced he would recognize the sovereignty of two pro-Russian sepratist states along the eastern border and…
February 22, 2022
Glencore Reports Big Coal Profits on Soaring LNG Prices, Fuel-Switching
Despite increasing efforts by major energy consumers to replace coal with cleaner fuels, volatile prices for other commodities like liquefied natural gas (LNG) have helped keep coal competitive for leading suppliers. In the latest case of high gas prices creating a boon for coal suppliers, Glencore plc reported Tuesday that 2021 brought overwhelming results for…
February 17, 2022
Venture Global Inks Another Natural Gas Supply Contract for Plaquemines LNG
Repsol SA has agreed to purchase liquefied natural gas (LNG) from Venture Global LNG Inc.’s Plaquemines export project in Louisiana. The Spanish-based energy major agreed to the deal in January. Repsol would take 18.25 Bcf of LNG over three years, according to a filing with the U.S. Department of Energy. Initial construction activities started in…
February 16, 2022