U.S. Natural Gas ‘Off to the Races’ on Strong LNG, Mexico Demand and Producer Discipline

U.S. natural gas demand and prices are “off to the races,” driven by a convergence of supply and demand-related factors as the world emerges from Covid-19, IHS Markit’s Jack Weixel, senior director, said Monday. Liquefied natural gas (LNG) exports to the global market, pipeline exports to Mexico, and capital discipline by upstream producers all have…

Mexico Natural Gas Market Spotlight: June Volumes, Imports Strong Amid High Prices

Mexico natural gas prices were $3.53/MMBtu in June compared to May prices of $3.74, according to the latest IPGN monthly index published by the Comisión Reguladora de Energía (CRE). Gas prices were up significantly from last June when they averaged $2.32.  Natural gas volumes transacted by marketers that reported to CRE reached 7.796 Bcf/d in…

July 29, 2021

EQT Reshaping Strategy for Era of ‘Sustainable Shale’

EQT Corp. CEO Toby Rice said Thursday the largest natural gas producer in the United States is positioning itself for a “new era of sustainable shale,” further shaping its strategy to evolve into a lower carbon future.  “As the largest producer of natural gas in the U.S., we’re able to forge new paths and open…

July 29, 2021

Shell Cites Maintenance, Third Parties as LNG Liquefaction, Sales Volumes Decline in 2Q

Royal Dutch Shell plc, the undisputed global leader of natural gas trading, reported a shortfall in sales and volumes during the second quarter, but many maintenance-related issues are expected to be resolved within weeks. Shell’s Integrated Gas business, which includes the estimable liquefied natural gas (LNG) arm, long has been a standout performer. However, in…

July 29, 2021

Tellurian Finalizes Offtake Agreements for First Phase of Driftwood LNG

Tellurian Inc. on Thursday said it has secured enough offtake to support the first phase of its proposed Driftwood liquefied natural gas (LNG) export project in Louisiana after signing a deal with Royal Dutch Shell plc to supply 3 million metric tons/year (mmty).  The project hasn’t been sanctioned yet, but the sale and purchase agreement…

July 29, 2021