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Arc Resources Cuts Deal with Cheniere to Sell Natural Gas at Prices Linked to TTF
Energy Transition
Europe Continuing to Rely Heavily on Natural Gas Despite Growing Calls to Phase Out Fossil Fuels
The European Parliament called for a “tangible phase-out of fossil fuels as soon as possible,” ahead of the United Nations climate summit that gets underway in Dubai on Thursday. However, slow economic growth and rising inflation has left European governments delaying the transition from fossil fuels to renewables. European Union (EU) member states are free…
November 29, 2023E&P
Natural Gas Rig Counts Stabilize and Production Powers Up, Pointing to ‘Massive’ Oversupply into 2024
The combination of relatively soft weather-driven demand and record production put the U.S. natural gas market on a path to price-pressuring oversupply well into 2024, a growing chorus of analysts cautioned in November. “We are bearish on U.S. natural gas,” Goldman Sachs Group’s Samantha Dart said bluntly. First things first: U.S. production reached record levels…
November 29, 2023LNG
Four Australian LNG Import Projects Progress as Regional Natural Gas Shortages Loom
Australia’s domestic natural gas shortages on the largely populated east coast are helping fuel demand for four LNG import projects, placing one of the world’s largest gas exporters on track to become an importer by 2026. As fields that have typically fed domestic markets continue to decline, the supply outlook for Australia’s east coast declined.…
November 28, 2023LNG
Delfin LNG Project Offshore Louisiana Close to FID After Gunvor Supply Deal
Delfin Midstream Inc. has signed another agreement to supply LNG from its proposed floating liquefaction project offshore Louisiana, in what management said is another step closer to a positive final investment decision (FID). The company signed a 15-year sales and purchase agreement (SPA) to supply 0.5-1 million metric tons/year (mmty) of liquefied natural gas to…
November 28, 2023Trending News

Energy Transition
Europe Continuing to Rely Heavily on Natural Gas Despite Growing Calls to Phase Out Fossil Fuels
Nov 29, 2023
International