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…

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, 2023

Despite Subdued Prices, Haynesville Natural Gas Producers Ramp Up Activity in November

Counter to rig count trends over much of 2023, natural gas production in the Haynesville Shale proved robust through the first half of November and could continue to help drive strong overall output, according to East Daley Analytics.  Pipeline flows in Louisiana and East Texas averaged 13.2 Bcf/d through Nov. 16, marking a 300 MMcf/d…

November 28, 2023

Ample Supplies Outweigh Cold Snap in Europe to Drag Down Natural Gas Prices – LNG Recap

A shot of cold weather that settled in over the weekend across parts of Europe did little to lift natural gas prices in the region, where concerns about the winter heating season have continued to ease amid a surplus of supplies.  The December Title Transfer Facility (TTF) contract fell 6% from its close on Friday…

November 27, 2023

Japan Weighs Energy Security Impacts After U.S. Sanctions Arctic LNG 2

The latest round of U.S. sanctions against Russian energy assets targeted at the Arctic LNG 2 project is creating uncertainty for Japanese stakeholders. PAO Novatek, Russia’s largest independent natural gas producer, launched development of the three-train, 19.8 million metric ton/year Arctic LNG 2 on the Gydan Peninsula  in 2018 with plans to boost liquefied natural…

November 27, 2023