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Montney Drilling Expansion Said Needed to Fill LNG Export Deliveries from Canada

Montney Drilling Expansion Said Needed to Fill LNG Export Deliveries from Canada

The potential Canadian entry into liquefied natural gas (LNG) markets estimated it could need 2,500 Montney Shale wells to fill export facilities on the northern Pacific coast of British Columbia (BC). In the first 20 years of exports, NorthRiver Midstream NEBC Connector GP Inc. estimated the new drilling could spawn 313 kilometers (188 miles) of…

June 10, 2022
Global Natural Gas Market Rocked by Freeport LNG Explosion – Mexico Spotlight

Global Natural Gas Market Rocked by Freeport LNG Explosion – Mexico Spotlight

A fire at the Freeport liquefied natural gas (LNG) export terminal in Texas on Wednesday shut down the facility for at least three weeks and had immediate impacts on natural gas pricing across the globe. With New York Mercantile Exchange July natural gas futures early in the week making their way to $10.00/MMBtu, the incident…

June 9, 2022
Market Said Pricing in Extended Freeport LNG Downtime as Natural Gas Futures Continue Slide

Market Said Pricing in Extended Freeport LNG Downtime as Natural Gas Futures Continue Slide

With the market continuing to assess the potential demand destruction from an explosion at a major U.S. export terminal, natural gas futures continued to tumble in early trading Thursday.  The July Nymex contract was down 34.4 cents to $8.355/MMBtu as of around 8:50 a.m. ET. The July contract had advanced beyond the $9.60 mark Wednesday…

June 9, 2022
LNG Imports to South America Down Sharply on Replenished Hydropower; Pipeline Flows to Mexico Hold Steady

LNG Imports to South America Down Sharply on Replenished Hydropower; Pipeline Flows to Mexico Hold Steady

Imports of liquefied natural gas (LNG) in South America are down sharply this year amid market volatility and a resurgence of hydropower in Brazil, while pipeline gas imports to Mexico have held relatively firm. Kpler analyst Ryhana Rasidi told NGI that around 2.6 million tons (Mt) of LNG has landed in South America this year…

June 8, 2022
Mexico’s AMLO Says LNG, Oil Projects Moving Forward After Meeting With U.S. Companies

Mexico’s AMLO Says LNG, Oil Projects Moving Forward After Meeting With U.S. Companies

Mexico President Andrés Manuel López Obrador on Friday touted progress on numerous private and public sector energy projects under development in the country. On Thursday, the administration concluded meetings with 16 U.S. energy companies to discuss “matters of electricity as well as oil and gas,” the president told reporters during his morning press conference.  Among…

June 6, 2022
CNX, Pittsburgh Airport to Showcase Natural Gas Aviation Potential with Utica Project

CNX, Pittsburgh Airport to Showcase Natural Gas Aviation Potential with Utica Project

Pittsburgh International Airport, known to fliers by the three-digit code PIT, is stepping up its natural gas development partnership with Appalachian Basin-focused independent CNX Resources Corp. PIT and CNX earlier this month launched another phase of their public-private partnership. It currently includes a revenue-sharing deal for CNX-operated Marcellus Shale wells on airport property and a…

May 27, 2022
Exploring LNG Export Opportunities in Canada – Listen Now to NGI’s Hub & Flow

Exploring LNG Export Opportunities in Canada – Listen Now to NGI’s Hub & Flow

Click here to listen to the latest episode of NGI’s Hub & Flow podcast. NGI’s Jamison Cocklin, senior editor of liquefied natural gas (LNG), and Patrick Rau, director of strategy and research, discuss their takeaways from a trip to Vancouver, British Columbia, for the Canada Gas & LNG Exhibition and Conference. They discuss Canada’s prospects…

May 27, 2022
U.S., European LNG Task Force Accused of Violating Federal Law, Operating Secretly

U.S., European LNG Task Force Accused of Violating Federal Law, Operating Secretly

An environmental watchdog group in a letter to President Biden is arguing that a joint task force formed by the White House and European Commission (EC) to help Europe secure more liquefied natural gas (LNG) and displace Russian imports is operating secretly and violating federal law.  UK-based Global Witness said the task force’s three meetings…

May 27, 2022
Venture Global Lands Another SPA for Plaquemines LNG, Edging Closer to FID

Venture Global Lands Another SPA for Plaquemines LNG, Edging Closer to FID

Venture Global LNG Inc. has netted another sales and purchase agreement (SPA) for its proposed Plaquemines liquefied natural gas (LNG) terminal with a major Asian buyer, pushing the project’s contracted offtake to the 80% mark. A 1 million metric ton/year (mmty) 20-year contract was announced Wednesday with a subsidiary of Malaysia’s state-owned Petroliam Nasional Berhad,…

May 13, 2022
ConocoPhillips Taking Advantage of Permian Position, Ramping Up More Wells

ConocoPhillips Taking Advantage of Permian Position, Ramping Up More Wells

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.…

May 11, 2022