LNG exports

Cedar LNG Eyes Summer FID After Landing Tolling Deal with Arc Resources

Cedar LNG Eyes Summer FID After Landing Tolling Deal with Arc Resources

Pembina Pipeline Corp. and its project partners in the Cedar LNG export project in British Columbia (BC) disclosed that they have given a notice to proceed to their contractors and are working on the final financial arrangements after securing binding offtake agreements for the project. Arc Resources Ltd., one of Canada’s largest natural gas producers,…

April 5, 2024
Natural Gas Futures Up Modestly Amid Weaker Supply, Stronger Cash Prices — MidDay Market Snapshot

Natural Gas Futures Up Modestly Amid Weaker Supply, Stronger Cash Prices — MidDay Market Snapshot

With bulls aiming to send prices higher for a third straight session, natural gas futures were up modestly through midday trading Tuesday as weaker production volumes and stronger physical prices hinted at tightening market conditions.  Here’s the latest: May Nymex futures at $1.854/MMBtu as of 2:13 p.m. ET, up 1.7 cents The front month dipped…

April 2, 2024
DOE Insists LNG Pause Could End Within One Year in Rehearing Denials

DOE Insists LNG Pause Could End Within One Year in Rehearing Denials

Natural gas trade associations and LNG project developers could be forced to rely on the courts or Congress for a swift end to the U.S. Department of Energy’s (DOE) pause on new export authorizations after the agency closed the door on revisiting its decision. At the end of March, DOE issued two denials of requests…

April 2, 2024
Australian LNG Exports Climb Higher Despite Supply Headwinds

Australian LNG Exports Climb Higher Despite Supply Headwinds

Australian LNG exports have ticked upward so far this year, driven in large part by higher volumes from the country’s east coast facilities.   Exports reached 21.5 million tons (Mt) through March 27, up from 20.6 Mt over the same time last year, according to Kpler. The uptick came from the Australia Pacific, Gladstone (GLNG) and…

April 2, 2024
Tellurian Courting Natural Gas Producers Seeking LNG Exposure Through Driftwood

Tellurian Courting Natural Gas Producers Seeking LNG Exposure Through Driftwood

Tellurian Inc. is looking to join the wave of Gulf Coast LNG developers partnering with exploration and production (E&P) companies on tolling agreements to raise international exposure, executive chairman Martin Houston said Tuesday. In a letter to shareholders, the Houston-based company’s co-founder said Tellurian’s marketing team had spent last week meeting with potential customers and…

March 27, 2024
EQT Eyeing Data Center ‘Gold Rush’ for Natural Gas-Fired Power, Unleashing More LNG

EQT Eyeing Data Center ‘Gold Rush’ for Natural Gas-Fired Power, Unleashing More LNG

EQT Corp., the No. 1 natural gas producer in the United States, isn’t resting on its laurels. The gas giant is continuing to eye a potential East Coast LNG project, but it’s venturing into the artificial intelligence (AI) market, to gain a slice of the data center power market. Executive Vice President Rob Wingo, who…

March 26, 2024
Is U.S. Natural Gas Rig Count Rebound Unfolding? Look to Second Half of ‘24, Say Experts

Is U.S. Natural Gas Rig Count Rebound Unfolding? Look to Second Half of ‘24, Say Experts

Energy operators were cautiously optimistic during their recent quarterly conference calls that Lower 48 natural gas activity would improve in anticipation of increasing LNG demand, but the startup of more export projects is not yet a certainty, according to some analysts. Evercore ISI’s James West, senior managing director, said the U.S. gas rig count jumped…

March 22, 2024
Freeport LNG Boosting Spot Market Volumes, Looking for Investment-Worthy Train 4 Customers

Freeport LNG Boosting Spot Market Volumes, Looking for Investment-Worthy Train 4 Customers

A possible fourth train for Freeport LNG is expected to remain in the development phase for now, but the facility could export an additional 1.5 million metric tons/year (mmty) to the spot market by this summer, CEO Michael Smith said Wednesday. One train at the Texas facility is currently offline and another could have intermittent…

March 21, 2024
TotalEnergies Looks to Tap Gulf Coast Foothold to Grow U.S. LNG Business

TotalEnergies Looks to Tap Gulf Coast Foothold to Grow U.S. LNG Business

TotalEnergies SE CEO Patrick Pouyanné said the firm is leaning on its already outsized role as a leader in U.S. LNG to expand its supply chain positions and grow its hub of natural gas projects centered in Texas. TotalEnergies is currently the largest trader of U.S. liquefied natural gas and is the second largest LNG…

March 20, 2024
Glenfarne Inks Second Tentative Offtake Deal for Texas LNG

Glenfarne Inks Second Tentative Offtake Deal for Texas LNG

Glenfarne Energy Transition LLC has placed a quarter of its Texas LNG export project under tentative contracts after the latest agreement with a unit of Gunvor Group Ltd. Under the heads of agreement (HOA) disclosed Monday, Gunvor could take 0.5 million metric tons/year (mmty) of liquefied natural gas from Texas LNG for 20 years on…

March 19, 2024
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