Tilbury LNG Gains Support of First Nations for BC Export Project

Tilbury LNG has become the sixth active Canadian LNG export project to enlist the native community as a site supporter and potential part-owner. Sponsor FortisBC Holdings Inc. and the Musqueam Indian Band announced a planning, regulatory approval and possible investment agreement for the project in the Vancouver suburb of Delta. Such partnerships are becoming common…

NFE Planning to Deploy Fast LNG Tech in Mexico

New Fortress Energy Inc. (NFE) is looking to develop up to four fast LNG (FLNG) projects offshore Mexico’s Gulf Coast amid the global natural gas supply crunch, management said during an earnings call last week. This is in addition to the company’s first FLNG project currently under development offshore Louisiana. At the port of Altamira,…

August 12, 2022

Natural Gas Forwards Pull Back, but Freeport LNG Timeline Emboldens Bulls

A down-then-up stretch in the futures market saw natural gas forwards pull back slightly at most Lower 48 hubs during the Aug. 4-10 trading period, although several western hubs enjoyed basis strengthening on upcoming heat, NGI’s Forward Look data showed. Prices for September delivery at benchmark Henry Hub ended the period at $8.203/MMBtu, a 6.4-cent…

August 12, 2022

Excelerate Speeds to Fill Global LNG Gaps with Downstream Expansion

Excelerate Energy Corp. said Thursday that global LNG market volatility during the second quarter helped serve as a springboard for its emergence as a public company and its strategy of becoming a downstream resource for energy-starved countries. The company launched its initial public offering (IPO) in April, netting it the distinction of becoming the first…

August 11, 2022

Repsol Considers Reviving LNG Export Project from Atlantic Canada’s Canaport Terminal

Several years after the proposal was shelved, Repsol SA may revive a plan to export natural gas from its Atlantic Canada LNG import terminal. The Spanish-based energy major’s executive team discussed the potential to move liquefied natural gas (LNG) from Atlantic Canada to overseas markets during the second quarter earnings call. “We have met authorities…

August 11, 2022