LNG

Israel is exploring options for building an onshore or floating LNG (FLNG) facility offshore, potentially expanding the country’s lucrative natural gas exports and its foothold in the global market. Over the past several years, the Israeli Energy Ministry has taken steps to use two of the country’s massive gas discoveries, the Tamar and Leviathan fields,…

LNG

Global natural gas prices continued to climb on Monday amid hotter weather, supply constraints and increasing competition among buyers.  The prompt Dutch Title Transfer Facility gained 4% Monday to finish just above $10/MMBtu. The contract increased by 9% last week, when the Japan-Korea Marker also climbed by 3%. Extreme heat has gripped South and Southeast…

Haynesville Shale

Nearly everything is in place for Haynesville Shale pure-play Comstock Resources Inc. to become a major LNG supplier. First, though, the company has an “all-hands” effort to manage the assets with uncooperative natural gas prices. CEO Jay Allison discussed the first quarter performance and the outlook during a recent conference call. It was a tough…

Permian Basin

Targa Resources Corp. is moving forward with two major projects based on its outlook for increasing Permian Basin natural gas production and resulting natural gas liquids (NGL) supply growth. High utilization rates at the 250 MMcf/d Pembrook processing facility in the Permian’s Midland sub-basin “necessitates moving forward with Pembrook II,” CEO Matt Meloy said during …