Jamison Cocklin

Venture Global LNG Inc. said Sunday it would acquire a fleet of nine liquefied natural gas tankers, becoming the first U.S. producer of the super-chilled fuel to own vessels as it continues to integrate its operations.  The vessels are currently under construction in South Korea. Six of them would have the capacity to carry 174,000…

Train 3 at Freeport LNG was in the process of restarting on Friday, according to a source with knowledge of the matter. An electrical motor that was damaged by severe cold in January has been repaired and is back online. Feed gas nominations were up slightly Friday. Following inspections, Freeport will now make upgrades requiring more work on Trains 1 and 2. An inspection on Train 2 is currently “progressing well,” the source said. Train 1 will be shut down for inspections and work once Train 2 is finished.

NO. 1: Power usage at the Freeport LNG export terminal was ramping up on Thursday, according to Wood Mackenzie, as the facility prepares to restart its third train. The liquefaction unit has been offline since January, when extreme cold caused electrical issues at the plant on the upper Texas coast.  An industry source with knowledge…

Global natural gas prices oscillated on Monday as the market reacted to supply outages in the United States and Europe. Feed gas deliveries to the Freeport LNG export terminal on the upper Texas coast sank over the weekend. The facility is scheduled this week to restart a train that went offline in January. NGI data…

No. 1: Low natural gas prices are bringing more buyers back to the spot market for cheap LNG cargoes before costs rise, particularly in Asia. Buyers in China, Bangladesh and South America have issued buyer tenders scheduled to close over the next week for 27 cargoes, according to Kpler data. Meanwhile, buyers in China, India,…

European natural gas prices continued climbing higher on Tuesday, lifted partly by the largest U.S. gas producer’s decision to curb output significantly this quarter.  The Title Transfer Facility (TTF) gained across the curve, with the prompt month adding another 4% to finish about a quarter shy of $9/MMBtu on Tuesday. EQT Corp.’s announcement on Monday…

EQT Corp., the nation’s largest natural gas producer, said Monday it would curtail up to 40 Bcf of production by the end of the month, reversing guidance it issued only three weeks ago as prices continue to trade below $2.00/MMBtu.  Management said the company began to curb 1 Bcf/d late last month “in response to…

Freeport LNG Development LP said Tuesday the third train at its export facility on the upper Texas coast would be offline for another two weeks, extending a month-long outage and providing support for European natural gas prices.  Spokesperson Heather Browne told NGI on Tuesday that the company is working to finish motor repair work after…

Qatar on Sunday advanced plans to increase the country’s LNG production capacity by 85% from current levels, upping a bet that more natural gas will be needed as progress at other liquefaction projects appears to slow. CEO Saad Sherida Al-Kaabi, of state-owned QatarEnergy, said an appraisal program had determined that the productive layers of the…