LNG prices

U.S. Continues to Drive Global LNG Supply Additions, GIIGNL Says

U.S. Continues to Drive Global LNG Supply Additions, GIIGNL Says

The United States is likely to become the world’s largest LNG exporter this year, according to the International Group of Liquefied Natural Gas Importers (GIIGNL). The United States added 8.4 million tons (Mt) of new volumes to global supply last year, or nearly one-half the 16.9 Mt added by other LNG producers across the world,…

July 21, 2023
More Global LNG FIDs Tracking for 2023 and Beyond, Says Baker Hughes CEO

More Global LNG FIDs Tracking for 2023 and Beyond, Says Baker Hughes CEO

The opportunities for global natural gas, including LNG, look strong in the near term, with a “number of projects” likely to be sanctioned for the next few years, Baker Hughes Co. CEO Lorenzo Simonelli said Wednesday. During the conference call to discuss second quarter 2023 results, Simonelli said recent customer discussions to advance more liquefied…

July 19, 2023
Repsol Pushes FERC for More Transparency on Prolonged Commissioning at Calcasieu Pass LNG

Repsol Pushes FERC for More Transparency on Prolonged Commissioning at Calcasieu Pass LNG

Repsol SA continues to push U.S. regulators for access to confidential documents filed by Venture Global LNG Inc. detailing the prolonged commissioning process at the Calcasieu Pass export terminal that has delayed commercial operations and the delivery of cargoes under long-term contracts. In April, Madrid-based Repsol filed a motion to participate in FERC’s ongoing oversight…

June 7, 2023
EIA Expects Global Natural Gas Prices to ‘Moderately’ Drive Henry Hub Through 2050

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)…

May 31, 2023
Asian LNG Buyers Look to Spot Market as Temperatures Reach Record Highs

Asian LNG Buyers Look to Spot Market as Temperatures Reach Record Highs

After suffering one of the worst April heatwaves on record with temperatures that soared above 100 degrees F, some Asian nations are preparing for an unusually hot summer that could require more LNG to cover power demand, particularly if El Niño develops as expected. India, Bangladesh,Thailand, and Vietnam issued tenders for liquified natural gas cargoes…

May 24, 2023
Flex LNG Expects ‘Massive’ Henry Hub Arbitrage to Keep Fueling U.S. LNG Expansions

Flex LNG Expects ‘Massive’ Henry Hub Arbitrage to Keep Fueling U.S. LNG Expansions

Despite sliding global LNG prices over the past several months, Flex LNG Ltd. management said heightened European and Asian prices compared to Henry Hub are expected to continue driving U.S. infrastructure investment through the middle of the decade. During an earnings call Tuesday, CEO Oystein Kalleklev said falling liquefied natural gas prices during the fourth…

February 15, 2023
Declining Output, Lack of New Capacity Set to Test European LNG Imports in 2023

Declining Output, Lack of New Capacity Set to Test European LNG Imports in 2023

Europe is expected to continue paying exorbitant prices to attract LNG cargoes next year, particularly given how limited new supplies of the super-chilled fuel will be. A decline in sanctioned projects over the last decade during a low price environment and underinvestment in fossil fuels means new liquefaction capacity may be scarce until 2025, when…

November 16, 2022
Golden Pass LNG on Track to Load Cargoes in 2024 with Certified Natural Gas 

Golden Pass LNG on Track to Load Cargoes in 2024 with Certified Natural Gas 

Golden Pass LNG remains on track to start production in 2024, when the first of three liquefaction trains is expected to start ramping up on the Texas coast.  The other trains are set to begin coming online at intervals about six months apart as commissioning continues, said Chief Commercial Officer Jeff Hammad on the sidelines…

October 28, 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
Cheniere Builds Case for Corpus Christi LNG Expansion

Cheniere Builds Case for Corpus Christi LNG Expansion

Cheniere Marketing, LLC has signed a binding 13-year liquefied natural gas (LNG) sales and purchase agreement (SPA) with a unit of Glencore plc, parent company Cheniere Energy Inc. reported Monday. Glencore will purchase approximately 0.8 million metric tons/year (mmty) on a free-on-board basis under the SPA. Cheniere said the 13-year term starts in April 2023.…

October 25, 2021