Jamison Cocklin

Global natural gas prices ticked higher on Monday driven partly by ongoing supply fears as winter approaches. Norwegian exports to the rest of Europe continue to gradually ramp back up. Nominations were at 254 million cubic meters (MMcm) on Monday and closer to normal levels of over 300 MMcm. That’s up from 175.9 MMcm a…

Natural gas buying at prices linked to dominant benchmarks like Henry Hub, the Japan-Korea Marker and the Dutch Title Transfer Facility hit record levels last year as buyers scrambled to secure supplies amid one of the worst energy crises in decades, according to the International Gas Union (IGU). The increase in global gas-on-gas competition (GOG)…

FERC has approved a suite of natural gas projects, including the second phase of the Port Arthur LNG project, following a key meeting on Thursday when it addressed the items that were struck from its agenda in July following an impasse among commissioners.  Sempra Infrastructure called the order authorizing Port Arthur’s second phase “a major…

EQT Corp. has signed a tentative 15-year tolling agreement with the proposed Commonwealth LNG export terminal in Louisiana to liquefy 1 million metric tons/year (mmty) of the super-chilled fuel that the top producer can sell on international markets.  The heads of agreement (HOA) builds on another agreement EQT signed to liquefy 1 mmty at the…

European natural gas prices declined Monday despite a further escalation in Australian labor strikes at Chevron Corp.’s LNG export terminals over the weekend. The October Title Transfer Facility (TTF) contract declined 6% Monday to finish below $11/MMBtu. Prices were pushed lower by an uptick in Norwegian natural gas production and mild weather, along with strong…

Houston-based ConocoPhillips has signed another deal securing more capacity to move volumes from its growing LNG supply portfolio into Europe as the continent continues to replace Russian imports.  The independent said it booked 2 billion cubic meters (Bcm) annually, or roughly 70 Bcf/year of regasification capacity at the Gate import terminal in the Netherlands, one…

Labor unions on Thursday escalated strikes at Chevron Corp.’s Gorgon and Wheatstone LNG facilities in Western Australia by banning tanker loadings.  Unions also started 24 sporadic one-hour daily work stoppages at the export terminals and the Wheatstone offshore production platform after first going on strike last week. The actions came the same day as the…

Ukraine’s natural gas storage inventories are growing with European traders sending more supply to the country as stocks elsewhere on the continent are brimming.  Ukraine Energy Minister German Galushchenko said Wednesday on the social media platform Telegram that foreign traders had pumped 1.8 billion cubic meters (Bcm), or about 64 Bcf, into the country’s underground…

A roundup of news and commentary from NGI’s LNG Insight In a preliminary hearing Tuesday, Australia’s Fair Work Commission instructed Chevron Corp. to engage in further talks with labor unions that went on strike last week at its Gorgon and Wheatstone LNG facilities.  The company had filed for an intractable bargaining declaration that would enable…