While the European Union has been working more than a year to replace Russian pipeline gas and decrease the country’s influence on the European economy, imports of Russian LNG have been ticking upward. The EU may need further sanctions on LNG if it’s serious about kicking Russian fossil fuels, according to a European think tank.…
Liquefied Natural Gas
Articles from Liquefied Natural Gas
Summer Weather, U.S. Rig Count Keys to Longer Term Forecast for Natural Gas Prices, Says Marex Analyst
As goes the weather, so goes demand for U.S. natural gas supply this summer and beyond, with global turmoil a continuing wildcard, according to a veteran industry executive. Lower gas production has been attributed in part to planned maintenance, but the U.S. gas rig count also bears watching, Marex North America LLC’s Steve Blair, senior…
Shell Prioritizing LNG, Upstream Ventures – and Shareholders – in Revamped Capital Plans
Investments in low-emission technologies are taking a backseat to Shell plc’s Integrated Gas arm, as LNG prospects show promise for years to come, the executive team said Wednesday. Speaking during a Capital Markets Day at the New York Stock Exchange, CEO Wael Sawan said the London-based integrated major is tilting toward buffing up the Integrated…
NextDecade Says Equity, SPA Agreements with TotalEnergies, GIP Clear Path to FID This Month
NextDecade Corp. has disclosed agreements with Global Infrastructure Partners (GIP) and TotalEnergies, and now expects to reach a final investment decision (FID) for the Rio Grande LNG project in deep South Texas later this month. GIP has agreed to take an undisclosed majority stake in the first three liquefaction trains of the proposed Texas export…
Enterprise Brings Online Another 400 MMcf/d of Haynesville Natural Gas Takeaway Capacity
Enterprise Product Partners LP has completed its expansion of the Acadian Haynesville Extension natural gas pipeline, granting more options for LNG exporters on the Gulf Coast. This expansion adds about 400 MMcf/d of Haynesville Shale natural gas takeaway capacity. “The expansion of the Acadian Haynesville Extension provides Haynesville producers with incremental natural gas takeaway capacity…
EIA Expects Global Natural Gas Prices to ‘Moderately’ Drive Henry Hub Through 2050
U.S. LNG exports would have an inherent but limited impact on domestic natural gas prices through the next several decades, possibly driving the Henry Hub to a range between $3.30 and $4.30/MMBtu by 2050, according to a recent U.S. Energy Information Administration (EIA) analysis. Using several scenarios and the EIA’s latest Annual Energy Outlook (AEO)…
Oneok Touts Progress Toward FID on 2.8 Bcf/d Saguaro Connector Natural Gas Pipeline
Oneok Inc. is still targeting a final investment decision (FID) by mid-year on the proposed 2.8 Bcf/d Saguaro Connector natural gas pipeline, which would transport natural gas from the Waha hub in West Texas to the Mexico border. The pipeline, if sanctioned, would serve the Saguaro LNG export terminal proposed by Mexico Pacific Ltd. LLC…
Chesapeake Won’t Cut More Activity as Management Expects Stronger Natural Gas Prices in 2024
Despite a steep drop in natural gas prices since the beginning of the year, Chesapeake Energy Corp. has no plans for now to cut activity further in 2023 as management sees an opportunity to be better positioned for a rebound in 2024. “We believe our financial flexibility is a competitive strength, and we intend to…
LNG Takes a Backseat in China Amid Country’s Broader Natural Gas Market Reforms – Column
Incredible rates of growth in fuel switching and infrastructure development allowed China to go from first time LNG importer to a short stint as the world’s largest in 2021.
Glenfarne Energy Unit Sanctioning Texas LNG This Year, with Lower-Carbon Export Ambitions
With one South Texas LNG export project set to be sanctioned by year’s end and a bevy of other ventures underway, Glenfarne Energy Transition LLC is finding its niche by tapping into the environmentally sensitive demands of potential overseas customers that want low-carbon energy. CEO Brendan Duval, who moved from Australia to the United States…