LNG

As oil prices plunged on Monday and sent global energy markets into turmoil, plenty of implications were seen for liquefied natural gas (LNG), including the possibility of higher prices for U.S. buyers and relief for offtakers overseas.

With a long-term strategy less tied to commodity prices than global energy demand, ExxonMobil is keying its 2020 plans to a string of opportunities in the Permian Basin, deepwater Guyana discoveries and two big natural gas export projects overseas.

After a four-day pause, TC Energy Corp. claimed the natural gas pipeline Coastal GasLink (CGL), which is traversing gassy fields of the Western Canadian Sedimentary Basin to supply a liquefied natural gas (LNG) project underway, was back on track in northern British Columbia (BC).

U.S. liquefied natural gas (LNG) exports bounced back during the week ending Feb. 26 as 18 vessels departed carrying 69 Bcf, according to the Energy Information Administration (EIA).*

U.S. liquefied natural gas (LNG) terminals are unlikely to shut in significant amounts of the super-chilled fuel this year, but as the export market confronts historically low prices and a global supply glut, it’s not a possibility that can be easily ruled out or even defined.

President Trump and India’s Prime Minister Shri Narendra Modi vowed Wednesday to strengthen a comprehensive global strategic partnership between their countries, including growing links in trade and investment in hydrocarbons such as liquefied natural gas (LNG).

As the market prepares to exit a decidedly underwhelming winter, Goldman Sachs Commodities Research analysts are slashing their 2020 natural gas price forecast from $2.50/MMBtu to $2.20.

Tellurian Inc. said Monday that its massive Driftwood LNG export project proposed for Louisiana is “shovel ready,” with construction targeted to start this year.

Infraestructura Energética Nova (IEnova), the Mexican unit of San Diego-based Sempra Energy, plans to make a final investment decision (FID) on the Energía Costa Azul (ECA) liquefaction project in Baja California before the end of March, company officials said during a quarterly conference call Thursday.