Liquefied Natural Gas

API Exec ‘Hopeful’ U.S. Oil, Natural Gas Development Ramps Up as LNG Exports Accelerate 

API Exec ‘Hopeful’ U.S. Oil, Natural Gas Development Ramps Up as LNG Exports Accelerate 

The American Petroleum Institute (API) emphasized the U.S. role as an energy leader as it outlined steps lawmakers should take to “make, move and improve” the oil and gas industry at a recent event.  “In the past year, the global energy crisis, driven by surging post-pandemic demand outstripping supply and exacerbated by Russia’s invasion of…

January 25, 2023
Sempra Says Port Arthur LNG Phase 1 ‘Fully Subscribed’ After SPA with Poland’s PKN Orlen

Sempra Says Port Arthur LNG Phase 1 ‘Fully Subscribed’ After SPA with Poland’s PKN Orlen

Sempra Infrastructure reported the first phase of its Port Arthur LNG project has reached its required offtake subscription for a final investment decision (FID) after it inked another long-term agreement with a European firm. Polish refiner PKN Orlen SA signed a 20-year sales and purchase agreement (SPA) for 1 million metric ton/year (mmty) of liquefied…

January 25, 2023
Saudi Arabia Adds Two Discoveries to Domestic Natural Gas Growth Strategy

Saudi Arabia Adds Two Discoveries to Domestic Natural Gas Growth Strategy

Saudi Arabia’s Ministry of Energy has announced two discoveries by state-controlled Saudi Arabian Oil Co. (Aramco) that officials said could help it continue to build natural gas reserves for domestic use. Energy Minister Abdulaziz bin Salman Al Saud called the discoveries an important part of “increasing the kingdom’s natural gas reserves” and helping Saudi Arabia…

December 7, 2022
China’s Appetite for Spot LNG Seen Pivotal to Global Supply Balances This Winter

China’s Appetite for Spot LNG Seen Pivotal to Global Supply Balances This Winter

If China buys more LNG on the spot market this winter it could have an impact on what’s available to European buyers over the next few months. “Since August, the Chinese [national oil companies] have been importing their contracted Russian volumes, while holding LNG imports relatively flat,” said Vortexa Ltd.’s Felix Booth, head of liquefied…

October 26, 2022
Cheniere Signals Natural Gas Emissions Worth Monitoring at Sabine Pass, Corpus Christi LNG Terminals

Cheniere Signals Natural Gas Emissions Worth Monitoring at Sabine Pass, Corpus Christi LNG Terminals

Cheniere Energy Inc. has begun measuring greenhouse gas (GHG) emissions at its two Gulf Coast LNG export terminals to demonstrate its progress to export “cleaner” natural gas. The Houston-based liquefied natural gas exporter has joined the United Nations Environment Programme’s (UNEP) Oil and Gas Methane Partnership (OGMP) 2.0. Cheniere has also initiated the quantify, monitor,…

October 26, 2022
Natural Gas Futures, Physical Prices Power Ahead and Extend Late Summer Rally

Natural Gas Futures, Physical Prices Power Ahead and Extend Late Summer Rally

Boosted by late-season heat, domestic storage concerns and robust global demand, natural gas futures on Wednesday rallied for a fifth-straight session. The October Nymex gas futures contract spiked 83.0 cents day/day and settled at $9.114/MMBtu, marking its biggest jump in the latest bull run. November gained 83.3 cents to $9.167. At A Glance: Demand drivers…

September 14, 2022
Natural Gas Futures Prices Fall Further Amid Threats to LNG Exports, Waning Weather Demand

Natural Gas Futures Prices Fall Further Amid Threats to LNG Exports, Waning Weather Demand

Natural gas prices dropped again Wednesday as traders assessed receding domestic demand prospects, rising production and possible peril for American LNG exports. The October Nymex gas futures contract settled at $7.842/MMBtu, down 30.3 cents day/day. November fell 31.1 cents to $7.901. At A Glance: Production hovers around all-time high Forecasts call for cooler weather ahead…

September 7, 2022
Lack of LNG Export Terminals Stumps Canadian Natural Gas Production, Says EIA

Lack of LNG Export Terminals Stumps Canadian Natural Gas Production, Says EIA

Driven by upstream activity tied to LNG export projects, production of natural gas liquids (NGL) in the gassy Montney Shale has seen a recent boost, according to the U.S. Energy Information Administration (EIA).  In its latest analysis of Canada’s energy commodities, EIA projected the country’s oil production to grow this year and into 2023.  Factors…

July 13, 2022
Many LNG Export Projects ‘Not Needed’ in IEA Net-Zero Model

Many LNG Export Projects ‘Not Needed’ in IEA Net-Zero Model

Many of the liquefied natural gas (LNG) export facilities already under construction or in planning will not be needed in the future if the world is to reach net zero greenhouse gas emissions by 2050, the International Energy Agency said in a bombshell report this week. The world’s oil and gas needs in a net…

May 21, 2021
North American Oil, Gas Midstream Outlook Focus of Latest NGI’s Hub & Flow

North American Oil, Gas Midstream Outlook Focus of Latest NGI’s Hub & Flow

Click here to listen to the latest episode of NGI’s Hub & Flow podcast. Kinder Morgan Inc. kicked off earnings season for North American oil and gas midstream companies, reporting lower transportation volumes across its systems but continuing to improve its balance sheet. The Houston-based midstreamer plans to toe the line this year when it…

January 26, 2021
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