Limited additions to pipeline infrastructure and a slower expansion of LNG terminals on the Gulf Coast are expected to stymie U.S. natural gas demand in early 2023 before helping fuel the region’s export growth over the long term. The Gulf Coast has become the epicenter for U.S. liquefied natural gas since the Lower 48’s first…
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Momentum Midstream Takes FID on 1.7 Bcf/d Haynesville Natural Gas Gathering, Carbon Capture Project
Private equity-backed Momentum Midstream LLC said Thursday it is moving forward with the New Generation Gas Gathering (NG3) project in the Haynesville Shale. The project, which is meant to supply growing Gulf Coast and LNG export demand, is to have initial capacity of 1.7 Bcf/d, expandable to 2.2 Bcf/d. Momentum is a subsidiary of Encap…
DT Midstream Capacity on Haynesville System Leaping to 1.7 Bcf/d
An expansion of DT Midstream Inc.’s Louisiana Energy Access Project, or LEAP, is underway, with capacity set to climb to 1.7 Bcf/d, or by 70%. The executive team on Wednesday discussed the 150-mile, 36-inch diameter system, which now moves about 1 Bcf/d of Haynesville Shale supply in Louisiana to the Gulf Coast for industrial use…
Chevron Permian Drilling, Fracturing Efficiency Doubled in Four Years, Says Exec
The Permian Basin is driving U.S. oil and gas production growth for Chevron Corp., helped by low development costs, substantial efficiency improvements and low carbon intensity, management said Friday. CFO Pierre Breber and Executive Vice President of Upstream Jay Johnson hosted a conference call to discuss the San Ramon, CA-based major’s second quarter earnings. Amid…
Unit Divesting Texas Assets Weeks After Terminating Future Sales
On the heels of a U.S. Gulf Coast asset sale, management at Tulsa-based Unit Corp. last week applauded its recent decision to halt more upstream divestitures. The independent said Friday it closed on a $43.7 million sale of “certain wells and related leases near the Texas Gulf Coast” on July 1, weeks after reversing its…
LNG 101: Higher Stakes Seen for U.S. Exports with Atlantic Hurricane Season Underway
The Atlantic hurricane season is underway, and the U.S. natural gas industry is taking extra measures this year to be better prepared for major storms that could have far-reaching impacts amid lower domestic storage inventories and tight global energy markets. “For the global gas market, the stakes are higher with Freeport LNG offline, especially given…
Natural Gas Forwards Tumble as Freeport LNG Outage Loosens Summer Balances
As summer heat failed to provide the spark needed to sustain higher prices, lost demand from the Freeport liquefied natural gas (LNG) terminal outage continued to erode value in the natural gas forwards market during the June 16-22 trading period. According to NGI’s Forward Look data, benchmark Henry Hub fell 56.2 cents week/week to average…
Sempra Seeing ‘Extremely High’ Offtaker Interest in Cameron, Vista Pacifico LNG Projects
Sempra is seeing “a dramatic increase in the market interest” for its liquefied natural gas (LNG) export projects under development on Mexico’s Pacific Coast and the U.S. Gulf Coast, according to Sempra Infrastructure CEO Justin Bird. Formed in 2021, Sempra Infrastructure is tasked with developing, building and operating Sempra’s natural gas liquefaction, pipeline and storage…
Gillis Lateral Now Moving More Haynesville Natural Gas to Gulf Coast and Beyond
Commercial service has begun on the 1 Bcf/d Gillis Lateral, expanding the Acadian Haynesville Extension system in Louisiana, which would serve industrial markets and the burgeoning natural gas export market on the Gulf Coast, Enterprise Products Partners LP said Wednesday. The 80-mile lateral originates near Alexandria on the Acadian system and extends to third-party pipeline…
Cheniere Signs Another Long-Term LNG Deal With Chinese Buyer
Cheniere Energy Inc. has entered into a binding 20-year liquefied natural gas (LNG) sale and purchase agreement (SPA) with Chinese utility Foran Energy Group. Under the SPA, Foran has agreed to purchase approximately 0.3 million metric tons/year (mmty) of LNG from Cheniere Marketing on a delivered ex-ship basis for 20 years beginning in January 2023.…