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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Vitol Sees LNG Trading Growth as Market ‘Realignment’ Boosts Energy Security Needs
Vitol Inc. reported its natural gas and LNG business segments continued to expand in 2023 despite relatively lower global prices last year. Since Russia’s 2022 invasion of Ukraine, trading houses and energy majors have seen record volumes and profits from natural gas, particularly liquefied natural gas, as Europe moved to replace lost Russian volumes. More…
Tellurian Courting Natural Gas Producers Seeking LNG Exposure Through Driftwood
Tellurian Inc. is looking to join the wave of Gulf Coast LNG developers partnering with exploration and production (E&P) companies on tolling agreements to raise international exposure, executive chairman Martin Houston said Tuesday. In a letter to shareholders, the Houston-based company’s co-founder said Tellurian’s marketing team had spent last week meeting with potential customers and…
Global Security Threats Push Natural Gas Prices Higher Despite Lax LNG Demand – LNG Recap
While LNG demand still remains mostly lax across Europe and Asia, the specter of supply volatility helped stoke global prices Monday as traders reacted to a bevy of attacks in Russia and Ukraine. The Dutch Title Transfer Facility (TTF) continued its upward march from last week, closing above $9/MMBtu. Asian liquefied natural gas prices followed…
Glenfarne Honing in on Final Supply Agreements While Targeting Texas LNG Construction Later This Year
Propelled by its latest tentative offtake agreements, Glenfarne Energy Transition LLC is looking to close deals on the remaining volumes of its 4 million metric ton/year (mmty) Texas LNG project by the end of July. With the heads of agreement (HOA) with Gunvor Group Ltd. disclosed earlier in the month, Glenfarne has 3 mmty in…
Freeport LNG Boosting Spot Market Volumes, Looking for Investment-Worthy Train 4 Customers
A possible fourth train for Freeport LNG is expected to remain in the development phase for now, but the facility could export an additional 1.5 million metric tons/year (mmty) to the spot market by this summer, CEO Michael Smith said Wednesday. One train at the Texas facility is currently offline and another could have intermittent…
Freeport LNG Confirms More Maintenance, Possible Outages On Two Trains Until May
Two of Freeport LNG’s trains at its Texas export facility could be offline intermittently through at least May, the company confirmed Wednesday, after the end of months-long maintenance on Train 3 last week. Feed gas demand and liquefied natural gas production capacity at Freeport has been limited since January after the company disclosed freezing cold…
TotalEnergies Looks to Tap Gulf Coast Foothold to Grow U.S. LNG Business
TotalEnergies SE CEO Patrick Pouyanné said the firm is leaning on its already outsized role as a leader in U.S. LNG to expand its supply chain positions and grow its hub of natural gas projects centered in Texas. TotalEnergies is currently the largest trader of U.S. liquefied natural gas and is the second largest LNG…
Glenfarne Inks Second Tentative Offtake Deal for Texas LNG
Glenfarne Energy Transition LLC has placed a quarter of its Texas LNG export project under tentative contracts after the latest agreement with a unit of Gunvor Group Ltd. Under the heads of agreement (HOA) disclosed Monday, Gunvor could take 0.5 million metric tons/year (mmty) of liquefied natural gas from Texas LNG for 20 years on…
Granholm Says ‘Temporary’ While LNG Developers Hear ‘Pause’
While political opposition and market uncertainty continue to mount around the U.S. Department of Energy’s (DOE) pause of LNG export authorizations, Secretary of Energy Jennifer Granholm reassured energy leaders the action was a necessary, but temporary step to better policy making. During a keynote address Monday in Houston during CERAWeek by S&P Global, Granholm rolled…
Tellurian Considers Company Sale, Other Driftwood LNG Options as Strategic Shift Continues
As Tellurian Inc. continues to reorganize its management team, it’s expanding the purview of its financial consultant to include selling equity in its LNG export project, or the entire company. Houston-based Tellurian, which is developing the proposed Driftwood liquefied natural gas project in Louisiana, has undergone a series of major personnel and strategy changes since…