ConocoPhillips joined other exploration and production (E&P) companies in reporting rising earnings, thanks to geopolitical impacts to oil and gas prices, but management said it should move on “full value chain” opportunities in liquefied natural gas (LNG) to further enhance its gas business. The Houston-based independent, the world’s largest, has substantial global holdings in gas.…
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Articles from LNG
Brazil’s Petrobras Reports Lower LNG Imports, Falling Natural Gas Demand
Brazilian national oil company Petróleo Brasileiro (Petrobras) saw falling natural gas demand and the need for fewer liquefied natural gas (LNG) cargoes in the first quarter as rainfall replenished the nation’s reservoirs. Natural gas demand dropped to 67 million cubic meters/day (MMm3/d) in the first quarter, compared to 81 MMm3/d in the same period last…
Former Bolivian Hydrocarbons Minister Shares Insight on Natural Gas Market – Listen Now to NGI’s Hub & Flow
Click here to listen to the latest episode of NGI’s Hub & Flow for a look at the global natural gas market from a South American perspective. Join NGI’s Mexico & Latin America Editor Christopher Lenton and guest speaker Alvaro Rios, Bolivia’s former minister of hydrocarbons and current managing director of Gas Energy Latin America,…
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.…
Tourmaline Boosting Montney Output to Supply LNG Canada
As the top supplier of Canadian natural gas, Calgary-based independent Tourmaline Oil Corp. plans to increase Montney Shale output when tanker sailings begin from the Shell plc-led export project, LNG Canada. Plans to boost supply for the liquefied natural gas (LNG) facility under construction in British Columbia (BC) were discussed by Tourmaline’s management team as…
Natural Gas Futures Advance as Market Looks for Signs of a Hot Summer
With early-season cooling demand in the southern Lower 48 offering a potential glimpse into what summer could bring, natural gas futures advanced in after-hours trading over the weekend. The June Nymex contract was up 10.4 cents to $7.348/MMBtu at around 8:40 a.m. ET Monday. Prices had initially opened strongly over the weekend, trading as high…
COLUMN: Russia Conflict Creates Market Opportunity for Mexico LNG Export Projects
Editor’s Note: NGI’s Mexico Gas Price Index, a leader tracking Mexico natural gas market reform, is offering the following column by Eduardo Prud’homme as part of a regular series on understanding this process. As part of its effort to displace Russian gas, the Biden administration has committed to sending an additional 15 Bcm of liquefied…
ExxonMobil Gearing Growth to Permian, Guyana and Increasingly to Global LNG Markets
Growth in the Permian Basin, Guyana’s offshore and the global liquefied natural gas (LNG) market are gaining momentum, along with low-carbon opportunities, ExxonMobil CEO Darren Woods said Friday. During the 1Q2022 conference call, Woods told investors that “recent events” have clarified the direction for oil and gas producers. New investments in Russia were scuttled by…
Atlanta Gas Expanding LNG Peak Shaving Storage Pipeline Alternatives
Atlanta Gas Light Co. (AGLC), one of the South’s largest natural gas distributors, is expanding its liquefied natural gas (LNG) peak shaving facility in the exurbs of Atlanta as part of a long-term response to growing energy demand. The Southern Co. affiliate has started work on a $250 million expansion of its Cherokee LNG facility…
Spring Chills Raise Demand Expectations as Natural Gas Futures Continue Rally
Chillier trending springtime forecasts over the weekend contributed further bullish momentum for rallying natural gas futures, which continued to advance in early trading Monday. The May Nymex contract was up 27.6 cents to $7.576/MMBtu at around 8:55 a.m. ET. Forecasts trended cooler over the long holiday weekend to increase weather-driven demand expectations, with heating demand…