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…
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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…
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…
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…
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…
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…
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…
Historic Lows for Henry Hub Cash; Natural Gas Futures Flounder — MidDay Market Snapshot
Soft near-term fundamentals keeping pressure on natural gas futures at the front of the curve through midday trading April Nymex contract down 3.7 cents to $1.677/MMBtu as of 1:56 p.m. ET; May off 2.9 cents at $1.794 LNG export demand down to 12.6 Bcf/d in latest Wood Mackenzie estimates Deliveries to Freeport well below capacity…
NextDecade Looks to Ink Contract with Bechtel for Rio Grande LNG Expansion by July
As NextDecade Corp. progresses construction on the first three trains for its Rio Grande LNG project in Texas, it is working to firm up contracts for its second phase by the middle of the year. Houston-based NextDecade last year broke ground in Brownsville, TX, on the first three trains of the facility, which could add…
Natural Gas Futures Pare Gains Ahead of Expected Modest Storage Pull; Cash Advances
Natural gas futures ended a two-day run higher on Wednesday as positive vibes from this week’s latest production cuts waned ahead of an expected weak winter storage draw. At A Glance: 37 Bcf withdrawal expected Output holds above 100 Bcf/d Late-month cooldown possible The April Nymex gas futures contract settled at $1.929/MMBtu, down 2.8 cents…