LNG exports

Freeport LNG Out for Months, Stranding 2 Bcf/d and Rattling Global Markets

Freeport LNG Out for Months, Stranding 2 Bcf/d and Rattling Global Markets

Freeport LNG Development LP said Tuesday it does not expect its Texas export facility to be fully repaired for months after an explosion knocked the plant offline last week. The company is now targeting late 2022 for a return to full service instead of the initial guidance of three weeks. Given that the explosion and…

June 14, 2022
LNG Imports to South America Down Sharply on Replenished Hydropower; Pipeline Flows to Mexico Hold Steady

LNG Imports to South America Down Sharply on Replenished Hydropower; Pipeline Flows to Mexico Hold Steady

Imports of liquefied natural gas (LNG) in South America are down sharply this year amid market volatility and a resurgence of hydropower in Brazil, while pipeline gas imports to Mexico have held relatively firm. Kpler analyst Ryhana Rasidi told NGI that around 2.6 million tons (Mt) of LNG has landed in South America this year…

June 8, 2022
Can the U.S. Answer the Global Call for More LNG? – Listen Now to NGI’s Hub & Flow

Can the U.S. Answer the Global Call for More LNG? – Listen Now to NGI’s Hub & Flow

Click here to listen to the latest episode of NGI’s Hub & Flow podcast. NGI’s Patrick Rau, director of strategy and research, analyzes international efforts to boost liquefied natural gas (LNG) output and diversify energy supplies.  Rau focuses on expanding U.S. and Mexico LNG export projects and whether U.S. natural gas producers can meet the…

June 7, 2022
Exploring LNG Export Opportunities in Canada – Listen Now to NGI’s Hub & Flow

Exploring LNG Export Opportunities in Canada – Listen Now to NGI’s Hub & Flow

Click here to listen to the latest episode of NGI’s Hub & Flow podcast. NGI’s Jamison Cocklin, senior editor of liquefied natural gas (LNG), and Patrick Rau, director of strategy and research, discuss their takeaways from a trip to Vancouver, British Columbia, for the Canada Gas & LNG Exhibition and Conference. They discuss Canada’s prospects…

May 27, 2022
Natural Gas Futures Find Footing, Soar to Snap Brief Losing Streak

Natural Gas Futures Find Footing, Soar to Snap Brief Losing Streak

Natural gas futures raced ahead Monday, snapping the two-day slump that closed out the prior week, as U.S. exports gathered more momentum and modest production offset cooler near-term weather forecasts. The June Nymex gas futures contract settled at $8.744/MMBtu, up 66.1 cents day/day. July gained 64.9 cents to $8.827. NGI’s Spot Gas National Avg. rose…

May 23, 2022
Venture Global Lands Another SPA for Plaquemines LNG, Edging Closer to FID

Venture Global Lands Another SPA for Plaquemines LNG, Edging Closer to FID

Venture Global LNG Inc. has netted another sales and purchase agreement (SPA) for its proposed Plaquemines liquefied natural gas (LNG) terminal with a major Asian buyer, pushing the project’s contracted offtake to the 80% mark. A 1 million metric ton/year (mmty) 20-year contract was announced Wednesday with a subsidiary of Malaysia’s state-owned Petroliam Nasional Berhad,…

May 13, 2022
U.S. LNG Expansions Continued to Lead Global Supply Growth in 2021, GIIGNL Says

U.S. LNG Expansions Continued to Lead Global Supply Growth in 2021, GIIGNL Says

U.S. liquefied natural gas (LNG) growth outpaced all other supply additions across the world last year by a wide margin, according to an annual report released by the International Group of LNG Importers (GIIGNL) this week.  U.S. exports reached 67 million tons (Mt) in 2021, up by 49.8% or 22.3 Mt from the prior year.…

May 6, 2022
Southwestern, CNX See Challenges, Advantages in Meeting Growing LNG Demand

Southwestern, CNX See Challenges, Advantages in Meeting Growing LNG Demand

The world’s growing appetite for U.S. liquefied natural gas (LNG) continued to take center stage during earnings calls at two more of the nation’s top exploration and production companies, with management at both acknowledging the opportunities and challenges that come with meeting rising demand. Southwestern Energy Co. said Friday it’s already sending a third of…

May 2, 2022
COLUMN: Russia Conflict Creates Market Opportunity for Mexico LNG Export Projects

COLUMN: Russia Conflict Creates Market Opportunity for Mexico LNG Export Projects

Editor’s Note: NGI’s Mexico Gas Price Index, a leader tracking Mexico natural gas market reform, is offering the following column by Eduardo Prud’homme as part of a regular series on understanding this process. As part of its effort to displace Russian gas, the Biden administration has committed to sending an additional 15 Bcm of liquefied…

April 29, 2022
NextDecade Gaining Momentum for Rio Grande LNG in Rebound from Financial Issues

NextDecade Gaining Momentum for Rio Grande LNG in Rebound from Financial Issues

NextDecade Corp., which was facing concerns about its financial strength at the beginning of the year, has received a $30 million injection and taken major steps in the last few weeks toward sanctioning a liquefied natural gas (LNG) export project in South Texas. The Houston-based LNG developer in March said in its annual report it…

April 8, 2022
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