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
Venture Global Teases FID for Plaquemines LNG With Announcement of Long-term Contracts
Venture Global LNG Inc. is continuing its hot streak of long-term sales and purchase agreements (SPAs) for liquefied natural gas (LNG) with two new deals announced Wednesday, one of which foreshadows a greenlight for the Plaquemines LNG terminal, according to the company. The Arlington, VA-based LNG exporter has inked two 20-year SPAs to supply New…
March 16, 2022
Stabilis ‘Bullish’ on Mexico, but ‘Thoughtful’ on Approach
Houston-based Stabilis Solutions Inc. reported record revenue last year, and in the fourth quarter bested the number of liquefied natural gas (LNG) volumes to customers with “broad-based increases” in Mexico. The Mexico business “continued to grow and mature in 2021 and was responsible for approximately 14% of total revenues,” executives said in a fourth quarter…
March 15, 2022
Stabilis Bets on LNG Growth in Maritime, but Pulls Back on Mexico
Houston-based Stabilis Solutions Inc. reported record revenue last year including for liquefied natural gas (LNG), but the small-scale supplier is now multi-tasking to mitigate inflation impacts and grow two key businesses. CEO Westervelt Ballard Jr. said price premiums on LNG in 2021 helped lift the revenue through the year, but equally high transportation and labor…
March 15, 2022
Venture Global Awards Batch of Contracts for Plaquemines LNG Development
Development of Venture Global LNG Inc.’s Plaquemines liquefied natural gas (LNG) terminal is heating up with a succession of engineering and procurement contracts. Baker Hughes Co. (BKR) announced March 9 that Venture Global had awarded it with a major order for equipment and the notice to proceed on work for the 20 million metric tons/year…
March 13, 2022
Freeport LNG, Tellurian Chiefs Eyeing Uptick in Investments, but Short-Term Export Relief Unlikely
Executives developing liquefied natural gas (LNG) terminals on the Gulf Coast on Wednesday described a bittersweet situation, as Russia’s invasion of Ukraine has elevated the importance of export projects that up to now were fighting for capital. On the day traditionally devoted to natural gas, panels at CERAWeek by S&P Global shifted to what LNG…
March 10, 2022
ConocoPhillips’ Lance Says U.S. Energy Should Look Beyond ‘Short-Sighted’ Issues After Russian Oil Ban
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 10, 2022
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