natural gas exports

New Fortress Energy Inc. (NFE) anticipates its offshore Altamira Floating LNG unit could become the first operating Mexican export facility in the coming weeks. After delays that stretched the commissioning process, CEO Wes Edens told analysts during a fourth quarter call that the first volumes of liquefied natural gas were expected to be produced in…

Natural gas futures flopped on Thursday after a government inventory report showed underground supplies surged to more than 20% above historical norms. At A Glance: EIA prints 60 Bcf withdrawal Production near 103 Bcf/d Weather forecasts bullish Following a nearly 20-cent spike the day before, the March Nymex gas futures contract on Thursday settled at…

Cheniere Energy Inc. CEO Jack Fusco said Thursday the Biden administration’s decision to pause new LNG export authorizations has not slowed down the company’s expansion projects, which management expects to stay on track despite an ambiguous regulatory environment. “It does introduce regulatory and permitting uncertainty to the U.S. liquefied natural gas industry as a whole,”…

European natural gas demand has shown few signs of recovery so far this year as warm weather and industrial curtailments persist, but the fall in gas consumption on the continent is expected to slow this year compared to its downward spiral of 2023. Between August 2022 and December, European Union (EU) countries reduced gas demand…

Federal regulators have approved a three-year extension for Tellurian Inc.’s Driftwood LNG export facility to begin operations, determining the Houston-based firm has demonstrated due diligence to complete the project, in light of the Covid-19 pandemic.  During the recent open meeting, FERC authorized an extension through April 18, 2029 for the proposed liquefied natural gas export…

ConocoPhillips’ LNG offtake interests in planned Mexico and U.S. liquefaction terminals should not be affected in the near term by a pause on federal approvals for new export capacity, executives said. The Biden administration’s current freeze on authorizations for new liquefied natural gas exports to non-free trade agreement (FTA) countries is “unfortunate” and “clearly more…

Global natural gas demand is set to rise by 2.5% or 100 billion cubic meters (Bcm) in 2024 versus 2023, likely accompanied by increased price volatility, according to the International Energy Agency (IEA). This compares with a demand increase of 0.5% recorded in 2023, the global energy watchdog said in its latest quarterly Gas Market…

TotalEnergies SE is aiming to restart construction this year on its long-delayed Mozambique LNG export terminal as it works to revive the project.  Work on the $20 billion facility was suspended in 2021 amid a rise in violence in the region. TotalEnergies, which has a 26.5% operating stake in the 12.9 million metric tons/year project,…

QatarEnergy said Tuesday that it has extended an agreement to sell 7.5 million tons (Mt) of LNG annually to India.  The company said the 20-year sale and purchase agreement it signed with Petronet LNG Ltd. begins in May 2028. Qatar would deliver the liquefied natural gas to import terminals across the country.  “This agreement is…