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FERC Seeking More Information from CP2 Ahead of May Meeting – Three Things to Know About the LNG Market

FERC Seeking More Information from CP2 Ahead of May Meeting – Three Things to Know About the LNG Market

NO. 1: FERC has requested more information from Venture Global LNG Inc. about the potential air pollution from the company’s CP2 export project.  The Wednesday request comes ahead of the Federal Energy Regulatory Commission’s scheduled meeting on May 23. It raises the possibility that the Commission again may not vote on the project. CP2 has…

May 16, 2024
Jera Inks Equity, Offtake Agreements for Woodside’s Scarborough LNG Project

Jera Inks Equity, Offtake Agreements for Woodside’s Scarborough LNG Project

Jera Co. Inc., one of the world’s largest LNG buyers, has secured a 15.1% stake in Woodside Energy Group Ltd.’s Scarborough project as it continues to look for stable long-term supply for Japanese power production. Under the transaction, valued at $1.4 billion, Jera would obtain a non-operating interest in the Scarborough partnership and offtake an…

February 26, 2024
Japanese Offtakers Ask FERC for ‘Timely’ Authorization Decision for CP2 LNG

Japanese Offtakers Ask FERC for ‘Timely’ Authorization Decision for CP2 LNG

Some of Japan’s largest LNG players are voicing concern about the timeline of FERC’s authorization decision on Venture Global Inc.’s Calcasieu Pass 2 (CP2) LNG project as they try to balance the country’s long-term natural gas supply outlook. The CEOs of Inpex Corp. and Jera. Co. Inc. have penned letters to the Federal Energy Regulatory…

December 11, 2023
Over One-Third of CP2 LNG Capacity Under Contract After Venture Global Signs Up Jera

Over One-Third of CP2 LNG Capacity Under Contract After Venture Global Signs Up Jera

Jera Co. Inc. has signed on as an offtaker from Venture Global LNG Inc.’s CP2 export project under development in Cameron Parish, LA.  Jera, Japan’s largest power company, has agreed to buy 1 million metric tons/year (mmty) of liquefied natural gas from CP2. Jera would buy the super-chilled fuel for a term of 20-years on…

April 28, 2023

FERC Clears Freeport to Restart Final Liquefaction Train – The Offtake

FERC has authorized Freeport LNG Development LP to restart service on its final train. The Federal Energy Regulatory Commission on Wednesday cleared the company to commission, cooldown and restart liquefaction on Train 1.

March 8, 2023
Global Natural Gas Prices Continue Trading Sideways – LNG Recap

Global Natural Gas Prices Continue Trading Sideways – LNG Recap

Global natural gas prices were muted on Monday as Europe’s Title Transfer Facility (TTF) continued trading sideways, the Japan-Korea Marker (JKM) followed and prices in the United States remained at some of the lowest levels in years. Fundamentals are largely unchanged. TTF traded in a stable range at just under $20/MMBtu last week, but increased…

February 6, 2023
Jera Inks Tentative Agreements for Ammonia Offtake, Gulf Coast Hub Fueled by Natural Gas

Jera Inks Tentative Agreements for Ammonia Offtake, Gulf Coast Hub Fueled by Natural Gas

Jera Co. Inc., Japan’s leading power producer and one of the world’s top buyers of LNG, has signed two tentative agreements for ammonia supply that include exploring plans for a Gulf Coast production facility fed by low-carbon natural gas. Jera disclosed Monday memorandums of understanding (MOU) with a unit of Yara International ASA and CF…

January 18, 2023
Japan Preparing for Next Winter as LNG Inventories Remain Strong and Colder Weather Nears

Japan Preparing for Next Winter as LNG Inventories Remain Strong and Colder Weather Nears

Japan, one of the world’s leading LNG buyers, is shifting its focus on securing energy supplies to next year as its inventories have been boosted by lower demand and the market is expected to become increasingly tight as Europe continues replacing Russian natural gas imports. “Winter of 2023 is looming on many buyers’ minds, as…

November 16, 2022
Japanese Natural Gas Buyers Meet with U.S., State Officials Over Alaska LNG Project

Japanese Natural Gas Buyers Meet with U.S., State Officials Over Alaska LNG Project

Some of the largest Japanese offtakers of U.S. LNG met with federal and Alaskan officials during a summit in Japan to discuss developing an export project that could connect North Slope natural gas to a supply-short Asian market. At a summit convened in Tokyo by U.S. Ambassador to Japan Rahm Emanuel, Sen. Dan Sullivan (R-Alaska)…

October 28, 2022
Japan’s Jera Renews Contract for Russian LNG Project Amid Asian Price Surge

Japan’s Jera Renews Contract for Russian LNG Project Amid Asian Price Surge

Jera Co. Inc., the world’s largest importer of LNG, has renewed its offtake contract for Russia’s recently nationalized Sakhalin-2 natural gas project ahead of a Kremlin-imposed deadline. The Japanese joint venture between Tokyo Electric Power Co. and Chubu Electric Power Co. In. confirmed to multiple media outlets Friday it has signed a deal to continue…

August 26, 2022
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