New Asian LNG buyers are making forays into the spot market amid a drop in regional prices, but global volatility and the risk of more price spikes could create hurdles for government policies to reduce reliance on coal. Asian spot prices fell in February and March because of a mild winter, lower demand from Europe…
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U.S. Natural Gas Production, LNG Exports Expected to Grow Through 2050, EIA Forecasts
U.S. natural gas production and LNG exports are likely to grow between now and 2050 with domestic gas consumption dropping only slightly, according to the Energy Information Administration (EIA). All of the scenarios modeled in EIA’s latest Annual Energy Outlook (AEO) released last Thursday show the United States remaining a net exporter of natural gas…

Russia Wants to Triple LNG Exports by Opening More of Its Natural Gas Fields
Russia aims to nearly triple LNG exports to 100 million metric tons/year (mmty) by 2030 by expanding the list of natural gas fields allowed to export the super-chilled fuel, Prime Minister Mikhail Mishustin said in a televised government meeting earlier this month. Draft amendments aimed at achieving that goal would “legally free up reserves for…

BC Grants Key Permit to Haisla-Pembina Cedar LNG Export Project
Cedar LNG, a joint liquefied natural gas export project by Haisla Nation and Pembina Pipeline Corp. that would ship 400 MMcf/d, has gained an environmental assessment certificate to proceed by the British Columbia (BC) government. BC Premier David Eby described the C$3.2 billion ($2.4 billion) project as an “unprecedented opportunity” for Haisla and its northern…

Venture Global Sanctions Second Phase of Plaquemines LNG Project
Venture Global LNG Inc. said Monday that it would go forward with the second phase of its Plaquemines export terminal under development in Louisiana after securing $7.8 billion in financing. The final investment decision (FID) comes less than 10 months after the first phase was sanctioned. All together, Venture Global said it would invest $21…

EQT Sending Oil, Natural Gas Equipment to Support Ukraine’s War Efforts
EQT Corp., the largest natural gas producer in the United States, has donated production equipment to Ukraine’s largest gas producer, JSC Ukrgasvydobuvannya, to restore facilities damaged in the war with Russia. Ukrgasvydobuvannya, a unit of Naftogaz, produces 70% of Ukraine’s gas, which totals around 12.5 Bcm. “Ensuring a reliable supply of energy is a challenge,…

New Fortress Says First LNG Exports From Mexico Coming This Summer
New Fortress Energy Inc. (NFE) is expecting to achieve first LNG from a floating liquefied natural gas production unit offshore Altamira, Mexico, in about 120 days, management said Tuesday. Construction is about 80% complete on the first of two “Fast LNG” or FLNG liquefiers to be deployed at Altamira. Each would boast a liquefaction capacity…

Freeport LNG Cleared to Restart Commercial Operations Eight Months After Explosion
Freeport LNG Development LP on Tuesday won approval from federal regulators to restart commercial operations and said it would ramp up to 2 Bcf/d of production, enough to meet its long-term contracts in the coming weeks. The Federal Energy Regulatory Commission authorized full service to resume on two liquefaction trains eight months after an explosion…

Energy Transfer Working to Sign More SPAs in Tight LNG Market
Energy Transfer LP said the “extremely competitive” environment for long-term LNG contracting has meant slower progress toward a final investment decision (FID) on its proposed Louisiana export project, but the firm is making progress and could announce new deals soon. Co-CEO Marshall McCrea told investors during a quarterly conference call that the team was “disappointed”…

After the ‘Year of LNG,’ TotalEnergies Sees Super-Chilled Fuel as ‘Pillar’ for Future Growth
French supermajor TotalEnergies SE indicated Wednesday it would double-down on its LNG business, which CEO Patrick Pouyanné said would be a “pillar” of the company’s growth in the years ahead, along with its power generation operations. The two businesses, which have operated within the same segment for years, have been so instrumental to the company’s…