LNG

TotalEnergies SE benefited from a rebound in commodity prices in the second quarter as earnings came in above pre-Covid 19 levels during the same period in 2019. The French supermajor said international oil and natural gas markets climbed 13% and 28%, respectively, sequentially in 2Q2021. The integrated gas, renewables and power segment also continued to…

Chart Industries Inc. CEO Jill Evanko expressed optimism on Thursday that up to four large U.S. liquefied natural gas (LNG) export projects could be sanctioned early next year following a flurry of activity in the past two months. Evanko said she was “very bullish on one to four U.S. Gulf Coast export projects that already…

Natural gas futures climbed even higher on Friday, extending to six days a furious demand-driven rally that sent the prompt month to a close above $4.00 for a second session. The August Nymex contract rose 5.7 cents day/day and settled at $4.060/MMBtu, its highest mark since 2018. September gained 6.0 cents to $4.042. NGI’s Spot…

Bolstered by favorable weather outlooks and supply concerns, natural gas futures forged higher on Tuesday, following a 10.5-cent gain the previous day. The August Nymex contract settled at $3.876/MMBtu, up 9.7 cents day/day and in the green for a third consecutive session. September rose 9.8 cents to $3.852. Tuesday’s trading lifted the prompt month to…

Mexico was set to receive its first cargo of carbon offset liquefied natural gas on Friday (July 16), according to a Thursday announcement by BP plc and Sempra.  Subsidiaries of the firms inked a contract for delivery of the cargo to Sempra’s Energía Costa Azul (ECA) terminal on Mexico’s Pacific Coast. Greenhouse gas (GHG) emissions…

New Fortress Energy Inc. (NFE) has reached an agreement for liquefied natural gas (LNG) supply through 2027 for most of its import terminals and power generation facilities. The company has nine import terminals in operation or under development in the Caribbean, Central America, Mexico and South America. It imports LNG in underserved markets where it’s…

Natural gas demand in Mexico stayed resilient through pandemic-ravaged 2020 compared to total energy demand, in line with trends seen globally, according to BP plc. Mexico’s natural gas consumption dipped only 1.9% year/year to 3.11 exajoules in 2020, while the country’s total primary energy consumption plunged 14.2% to 6.48 exajoules, according to BP’s Statistical Review…

A deal with French supermajor TotalEnergies SE that would have injected up to $700 million into Tellurian Inc.’s planned Driftwood liquefied natural gas (LNG) export facility in Louisiana has fallen through after the project developer failed to meet a key deadline for sanctioning the project. In a filing with the U.S. Securities and Exchange Commission,…

The developers of the Freeport liquefied natural gas (LNG) export facility in Texas are targeting a mid-2022 final investment decision (FID) and a 2026 startup for the plant’s fourth train as customers indicate interest for long-term contracts. However, CEO Michael Smith told NGI last week that Freeport LNG will maintain a patient approach when it…