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Argentina’s YPF Aiming to Sanction LNG Export Project by End-2023

Argentina’s YPF Aiming to Sanction LNG Export Project by End-2023

Argentina’s YPF SA is aiming to sanction an LNG export project by the end of 2023, according to CFO Alejandro Lew. Lew and CEO Pablo Iuliano hosted a call earlier this month to discuss the 51% state-owned oil and gas company’s third-quarter results. YPF and Malaysian national oil company Petronas signed a memorandum of understanding…

November 28, 2022
Mexico’s Gas-Rich Lakach, Once Thought Dead, Being Revived as Export Project

Mexico’s Gas-Rich Lakach, Once Thought Dead, Being Revived as Export Project

New Fortress Energy Inc. (NFE) is steaming ahead with another LNG export project in Mexico. On Tuesday, the company said it had finalized a deal with Mexican state oil firm Petróleos Mexicanos (Pemex) to develop and operate a natural gas field and a liquefaction project off the coast of Veracruz. The offshore liquefaction plant at…

November 22, 2022
Freeport LNG Delays Possible Restart to December, Aims for 2 Bcf/d by January

Freeport LNG Delays Possible Restart to December, Aims for 2 Bcf/d by January

Freeport LNG Development LP is aiming to restart its Texas natural gas export facility in mid-December, spending the rest of the month finishing reconstruction work and fulfilling regulatory requirements. The operator of the 2.38 Bcf/d liquefied natural gas export terminal previously guided that it could repair the damage from a June explosion and restart sometime…

November 18, 2022
TC Energy Eyeing Increased LNG Exports From Haynesville 

TC Energy Eyeing Increased LNG Exports From Haynesville 

TC Energy Corp. is working to connect more natural gas supply from the Haynesville Shale and Western Canadian Sedimentary Basin (WCSB) with LNG export demand, management said last week. CEO François Poirier hosted a call on Wednesday (Nov. 9) to discuss the Calgary-based pipeline juggernaut’s third quarter earnings. Poirier and his team highlighted the $400…

November 18, 2022
U.S. LNG Exports Took Off in 2021 as Domestic Natural Gas Prices Surged

U.S. LNG Exports Took Off in 2021 as Domestic Natural Gas Prices Surged

Consumption in the domestic electric and residential sectors fell in 2021, but record LNG exports drove growth in net natural gas disposition, according to the U.S. Energy Information Administration (EIA).  Natural gas demand, net liquefied natural gas exports and net storage grew by 3.6% last year compared with 2020, when the Covid-19 pandemic swept across…

November 18, 2022
CFE Changes Tack, Enlists International Firms in Demand-Focused Natural Gas Strategy

CFE Changes Tack, Enlists International Firms in Demand-Focused Natural Gas Strategy

Top Mexican officials were in Texas this week laying out their new strategy for natural gas. Speaking on Wednesday at LDC Forums’ annual US-Mexico Natural Gas Forum in San Antonio, CFEnergía head Miguel Reyes said Mexican utility Comisión Federal de Electricidad (CFE) and international firms would now work together to solve natural gas problems. CFEnergía…

November 17, 2022
Mexico LNG Projects, Power Plants Lack Clear Path to Natural Gas Access, Experts Say

Mexico LNG Projects, Power Plants Lack Clear Path to Natural Gas Access, Experts Say

Mexico has big plans to become an LNG export powerhouse, but it might not have the pipelines or available capacity to do so, according to experts. “Is there enough capacity and pipelines to support these projects? I don’t think so,” said the head of the Gadex consultancy, Eduardo Prud’homme, on Monday at the LDC Gas…

November 14, 2022
New Fortress to Bring Online ‘More Than Half’ of World’s New LNG Export Capacity in 2023-2024

New Fortress to Bring Online ‘More Than Half’ of World’s New LNG Export Capacity in 2023-2024

New Fortress Energy Inc. (NFE) expects to finish building its first “Fast LNG” unit by March and start operations by the middle of next year offshore Mexico’s east coast, with several more units to follow shortly thereafter. NFE has finalized a series of liquefied natural gas agreements with Mexican state electricity firm Comisión Federal de…

November 9, 2022
Devon Touts LNG Partnership, Lower 48 Acquisitions After Strong Third Quarter

Devon Touts LNG Partnership, Lower 48 Acquisitions After Strong Third Quarter

With LNG exports seen driving U.S. natural gas demand growth over the coming years, Devon Energy Corp. is positioning itself to capitalize on premium global gas prices, management said Wednesday.  In a call to discuss the Lower 48 producer’s third quarter earnings, CEO Rick Muncrief highlighted a partnership with Delfin Midstream Inc. that would see…

November 4, 2022
Southwestern Eyes Upping Supply to LNG Corridor, Secures Additional Transport Service

Southwestern Eyes Upping Supply to LNG Corridor, Secures Additional Transport Service

Southwestern Energy Co. said Friday that it was reinforcing its long term flow assurance to U.S. LNG facilities by adding 500 MMcf/d of new firm transportation starting in 2024. The transport to the Gulf Coast liquefied natural gas corridor would be on Momentum Midstream LLC’s 1.7 Bcf/d New Generation Gas Gathering system and DT Midstream…

November 2, 2022
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