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Mexico ECA LNG Development Advancing to 2024 Start Date

Mexico ECA LNG Development Advancing to 2024 Start Date

San Diego-based Sempra is advancing plans to expand the Energia Costa Azul (ECA) liquefied natural gas (LNG) export project in Mexico, CEO Jeffrey Martin said during a recent earnings call. Subsidiaries Sempra LNG and Infraestructura Energética Nova (IEnova) late last year sanctioned the 3.25 million metric ton/year (mmty) ECA LNG Phase 1 liquefaction project. The…

August 10, 2021
Pembina Bets on Growth Through CCUS, LNG and Pipeline Partnerships

Pembina Bets on Growth Through CCUS, LNG and Pipeline Partnerships

Pembina Pipeline Corp. laid the foundation for potential future growth by securing three partnerships, described as “significant and transformational,” during the first six months of this year. Among the partnerships is a venture with TC Energy Corp. called Alberta Carbon Grid into carbon capture, utilization and storage (CCUS). The Calgary-based pipeline companies proposed building a…

August 9, 2021
Sempra CEO Says LNG Construction Costs Rising, while Tellurian Looking to Boost Haynesville Output

Sempra CEO Says LNG Construction Costs Rising, while Tellurian Looking to Boost Haynesville Output

Rising construction costs are likely to give brownfield liquefied natural gas (LNG) projects an extra advantage over greenfield sites as planned developments move toward sanction, Sempra CEO Jeff Martin said Thursday. “Greenfield projects tend to have a little bit of a higher per-unit cost than brownfield projects, Martin said during the 2Q2021 earnings call. “This…

August 6, 2021
September Natural Gas Prices Trim Early Gains, but Settle Higher on Returning Heat

September Natural Gas Prices Trim Early Gains, but Settle Higher on Returning Heat

Natural gas futures traded both sides of the $4.00/MMBtu mark on Monday as bullish weather forecasts and persistently sagging storage levels quickly reversed the losses from late last week. The September Nymex gas futures contract hit a $4.042 intraday high but ultimately finished the day at $3.935, up only 2.1 cents from Friday’s close. Spot…

August 2, 2021
ExxonMobil Grabs Golden Ring as Profits Soar, Ethane Demand Climbs

ExxonMobil Grabs Golden Ring as Profits Soar, Ethane Demand Climbs

With natural gas and liquids prices soaring, along with ethane demand, ExxonMobil hit on all cylinders during 2Q2021.  The supermajor unveiled its quarterly report on Friday, offering investors some encouraging news following a volatile run over the past few quarters. The gains were keyed to higher commodity prices and a stellar performance by the Chemicals…

July 30, 2021
TotalEnergies Gains on Rebound in 2Q, as Natural Gas Prices Climb 28%

TotalEnergies Gains on Rebound in 2Q, as Natural Gas Prices Climb 28%

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…

July 30, 2021
Chart Industries Optimistic on U.S. LNG, Reports Record Orders for Third Straight Quarter

Chart Industries Optimistic on U.S. LNG, Reports Record Orders for Third Straight Quarter

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…

July 26, 2021
August Natural Gas Futures, Cash Prices Finish Flurry of Trading on Another High Note

August Natural Gas Futures, Cash Prices Finish Flurry of Trading on Another High Note

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…

July 23, 2021
Natural Gas Futures Surge a Third Straight Day; Cash Rallies

Natural Gas Futures Surge a Third Straight Day; Cash Rallies

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…

July 21, 2021
Sempra, BP Procure Mexico’s First Carbon Offset LNG Cargo

Sempra, BP Procure Mexico’s First Carbon Offset LNG Cargo

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…

July 19, 2021