Jacob Dick

Japanese LNG giant Inpex Corp. plans to resume development activities for its proposed Abadi LNG platform with Shell plc after submitting plans to add a carbon capture and storage (CCS) component to the Indonesian offshore project. Inpex submitted a revised plan of development to Indonesian regulators that called for reducing all carbon dioxide emissions from…

Texas natural gas production in January dropped to the lowest point since February 2021 as both well production and associated gas from oil wells in the Permian Basin counties shrank, according to preliminary data from the Railroad Commission of Texas (RRC). The state’s gas production during January was estimated at 845 Bcf, or 27 Bcf/d,…

Global natural gas consumption is expected to rebound this year as easing price volatility and rising economic activity boosts LNG imports from China and South Asia and North America’s power market continues to cut coal-fired capacity, according to the Gas Exporting Countries Forum (GECF). Researchers with the organization headquartered in Qatar in the annual report…

Marathon Oil Corp., a Chevron Corp. subsidiary and the Republic of Equatorial Guinea (EG) have inked an agreement to increase natural gas and condensate exports from the EG Regional Gas Mega Hub (GMH). The first phase of the collaborative GMH project has been operating since early 2021, when gas from the offshore Alen gas field…

European Union regulators have delivered on the promise of a new LNG benchmark for the region in the hopes of increasing price transparency and deflating similar price surges that rocked markets last year. The European Union Agency for the Cooperation of Energy Regulators (ACER) reported its first liquefied natural gas benchmark price Friday. ACER has…

Europe’s energy crisis is likely to “influence the LNG supply and demand balance through the end of this decade and beyond,” according to Excelerate Energy Inc. CEO Steven Kobos.  But beyond import terminals in Europe, Excelerate also is maintaining long-term focus on the continued strength of its South American liquefied natural gas business. Three of…

Venture Global LNG Inc. has notified FERC and customers of technical problems at its Calcasieu Pass LNG terminal in Louisiana that could further delay the facility’s launch of commercial operations. In a recent filing to the Federal Energy Regulatory Commission, representatives of the Virginia-based company wrote that during routine tests last year, the facility experienced…

Excelerate Energy Inc. is looking for more opportunities to grow its nascent LNG portfolio, but not only with U.S. projects, as it expands its role as a global natural gas supplier. CEO Steven Kobos said during a fourth quarter earnings call that the company, headquartered in The Woodlands near Houston, had pivoted its “near-term commercial…

The European Union (EU) has been eyeing a boom in Eastern Mediterranean natural gas production to ease price volatility, but new research suggests more volumes could be a mid-term source of relief rather than a long-term solution. In a report for Columbia University’s Center on Global Energy Policy, the authors posit that as much as…