Golden Pass

January Futures Crumbled as News of LNG Facility Delay Stokes Storage Glut Fears

January Futures Crumbled as News of LNG Facility Delay Stokes Storage Glut Fears

Natural gas futures tanked at midmorning Wednesday after news of the delayed completion of a major LNG export facility accelerated earlier losses driven by healthy production and lackluster weather-related demand. At A Glance: January natural gas sinks 14.1 cents Golden Pass LNG “mechanical completion” delayed Cash sinks on futures, weather The front-month natural gas futures…

December 6, 2023
‘Stronger Desire’ by Customers to Lock in Long-Term LNG Contracts, Says ExxonMobil CEO

‘Stronger Desire’ by Customers to Lock in Long-Term LNG Contracts, Says ExxonMobil CEO

Natural gas demand has not slowed, and that’s helping to grease the skids for export contracts, ExxonMobil CEO Darren Woods said Wednesday. During a webcast to discuss capital spending and projected plans, Woods was asked about the company’s opportunities in the global LNG export market. The integrated major is a partner in several big gas…

December 6, 2023
Questions Loom Over Haynesville Production as LNG Export Capacity Surge Nears

Questions Loom Over Haynesville Production as LNG Export Capacity Surge Nears

As U.S. LNG exporters race to be the next project built on the Gulf Coast, natural gas demand is forecast to soar through the decade, causing near-term supply and infrastructure constraints throughout the market. Speaking at the Gulf Coast Energy Forum in New Orleans, RBN Energy LLC’s David Braziel, director of fundamental analysis, said the…

October 16, 2023
United States Expected to Retain Top LNG Exporter Title into 2024 as Capacity Expands

United States Expected to Retain Top LNG Exporter Title into 2024 as Capacity Expands

The United States is expected to keep the title as the world’s largest LNG exporter into next year after shipping out more cargoes than any other country during the first six months of 2023. U.S. exports of liquefied natural gas averaged 11.6 Bcf/d from January to the end of July, boosted by the return of…

September 12, 2023
LNG Vessel Owners Looking Beyond Winter Spot Market to Mid-Decade Export Boom, CoolCo Says

LNG Vessel Owners Looking Beyond Winter Spot Market to Mid-Decade Export Boom, CoolCo Says

Despite a current lull in LNG prices and trading activity, shipping company Cool Co. Ltd. (CoolCo) expects the long-term focus on natural gas supply security to make independent vessel owners think twice about short-term commitments for this winter. The Bermuda-based company recently reported in a market outlook that vessel owners could have more incentive to…

May 26, 2023
China’s Sinopec Takes Equity Stake in QatarEnergy’s North Field East LNG Project

China’s Sinopec Takes Equity Stake in QatarEnergy’s North Field East LNG Project

China Petroleum and Chemical Corp., aka Sinopec, has agreed to take a stake in QatarEnergy’s North Field East (NFE) LNG expansion project, the first equity deal between a Chinese state-owned firm and the major natural gas exporter. Sinopec negotiated a 5% stake in one of the four 8 million metric ton/year (mmty) capacity trains outlined…

April 12, 2023
Tight LNG Market to Continue as EIA Sees Lowest Natural Gas Export Capacity Additions in Decade

Tight LNG Market to Continue as EIA Sees Lowest Natural Gas Export Capacity Additions in Decade

The Energy Information Administration (EIA) estimated this year will bring the lowest amount of LNG export capacity additions in a decade, exacerbating expectations for a tight global natural gas market through 2025. In a recent report, EIA researchers projected four liquefied natural gas export projects would come online across the world this year, adding a…

February 6, 2023
Chesapeake Aiming to Be Major Natural Gas Supplier in U.S. LNG Capacity Expansion

Chesapeake Aiming to Be Major Natural Gas Supplier in U.S. LNG Capacity Expansion

A revamped Chesapeake Energy Corp. continues streamlining its strategy around supplying natural gas to the Gulf Coast LNG corridor, executives said in an earnings call on Wednesday. The company sees a somewhat softer natural gas market in 2023, with no real structural demand growth until new export capacity comes online starting in 2024. “As export…

November 3, 2022
Golden Pass LNG on Track to Load Cargoes in 2024 with Certified Natural Gas 

Golden Pass LNG on Track to Load Cargoes in 2024 with Certified Natural Gas 

Golden Pass LNG remains on track to start production in 2024, when the first of three liquefaction trains is expected to start ramping up on the Texas coast.  The other trains are set to begin coming online at intervals about six months apart as commissioning continues, said Chief Commercial Officer Jeff Hammad on the sidelines…

October 28, 2022
Energy Transition to Bring More Volatility, Opportunity for Natural Gas Firms, BP’s Alvarez Says

Energy Transition to Bring More Volatility, Opportunity for Natural Gas Firms, BP’s Alvarez Says

BP plc’s Orlando Alvarez, head of gas and power trading in the Americas, sees natural gas and other energy markets heading further into “unprecedented times” of market volatility and regulatory uncertainty, but those changes don’t all have to be challenges for the industry. During a keynote address at LDC Gas Forums’ Gulf Coast Energy Forum…

October 19, 2022