Jacob Dick

Freeport LNG Development LP is aiming to return a second berth and its third storage tank to service this summer, according to a company update. The final restart would require regulatory approval.

Energy Transfer LP has filed a request for rehearing with the U.S. Department of Energy (DOE) after the agency denied an export authorization extension last month for the company’s proposed Lake Charles LNG project in Louisiana. In the filing, officially published by the DOE Monday, Energy Transfer’s lawyers asked that the agency reconsider its April…

Production has resumed at the 1.7 Bcf/d Cameron LNG facility in Louisiana. Spokesperson Anya McInnis said annual maintenance on Train 2, which began April 28, has been completed. NGI data showed feed gas deliveries to the terminal increased Tuesday.

Bolstered by recent long-term agreements, Western Midstream Partners LP (WES) said it is expanding the natural gas processing capacity of its West Texas complex with a 250 MMcf/d cryogenic processing plant. WES, based in The Woodlands, TX, disclosed it is sanctioning a plant envisioned for the North Loving area, adding a fifth facility to its…

Germany’s government is moving to site another floating storage and regasification unit (FSRU) as the volume of U.S. natural gas entering the country reaches new heights. In a recently approved bill, Germany’s Federal Ministry for Economic Affairs and Climate Action amended plans to ramp up short-term LNG import capacity by including an FSRU terminal at…

Cheniere Energy Inc. has signed a long-term sales and purchasing agreement with Korea Southern Power Co. Ltd (KOSPO) that could eventually help underpin its proposed expansion of Sabine Pass LNG. Earlier in the month, Cheniere management told investors during a first quarter call it had secured a more than 20-year deal with an Asian customer…

In a flurry of agreements and filings this month, Venture Global LNG Inc. progressed development of its proposed CP2 LNG project and a fourth export facility proposed for Louisiana. After landing a series of supply deals this year for the first phase of its 20 million metric ton/year CP2 LNG project, the Virginia-based liquefied natural…

Ovintiv Inc. balanced its focus between its Permian Basin program and maximizing earnings from its Montney Shale assets during 1Q2023, exceeding production expectations and increasing revenue despite falling U.S. natural gas prices during the quarter. The Denver-based company made good on its word from the previous quarter about its goal to make Permian growth in…

The amount of LNG floating on vessels at sea for extended periods is ticking above average levels, particularly in Asia, as buyers continue to shun cheap spot cargoes amid weak demand. The volume of liquefied natural gas in floating storage, generally considered on board a vessel for 20 days or more, has been creeping upward…