natural gas exports

LNG Sector Tallies Permit Pause Impact to Earnings as Contract Holders Raise the Alarm

LNG Sector Tallies Permit Pause Impact to Earnings as Contract Holders Raise the Alarm

The U.S. Department of Energy’s (DOE) pause on new export project permits is not expected to impact the bottom lines of LNG equipment manufacturers in the mid-term, but others across the value chain are still assessing the temporary suspension’s potential effects. Following last week’s decision by the Biden administration to pause DOE approval of worldwide…

February 1, 2024
China Seen Driving LNG Demand Growth Amid Various Supply Constraints

China Seen Driving LNG Demand Growth Amid Various Supply Constraints

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 to a demand increase of 0.5% recorded in 2023, the global energy watchdog said in its latest quarterly Gas Market…

January 31, 2024
Natural Gas Said Key as Mexican States Jockey for Position in Nearshoring Opportunity

Natural Gas Said Key as Mexican States Jockey for Position in Nearshoring Opportunity

Mexican states are working to lure nearshoring investment from international firms, and access to natural gas is pivotal, officials said at an energy conference in Monterrey, Nuevo León, on Wednesday. “Natural gas is here to completely change our state,” general director Carlos Adrián Garcia of Campeche state’s energy agency said at the 9th Mexican Infrastructure…

January 24, 2024
Mexico, LNG Exports Driving Bullish Natural Gas Outlook for Kinder Morgan

Mexico, LNG Exports Driving Bullish Natural Gas Outlook for Kinder Morgan

Kinder Morgan Inc. (KMI) said its natural gas pipeline and storage business expanded substantially late in 2023 and is poised for continued growth in the year ahead. It expects to capitalize on robust natural gas production and expectations for exponential growth in export demand in the back half of the decade. The Houston-based midstream giant…

January 23, 2024
United States, China Regain Top LNG Market Positions 

United States, China Regain Top LNG Market Positions 

The United States has become the world’s largest LNG exporter, while China again surpassed Japan as the biggest importer last year, according to Kpler.  U.S. LNG exports jumped 6.4% year-over-year in 2023 to 81 million tons (Mt), pushing the country above Australia as the world’s top exporter, Kpler data show. U.S. output in 2023 was…

January 23, 2024
Germany Taps Lithuania’s KN to Manage Four FSRU LNG Terminals

Germany Taps Lithuania’s KN to Manage Four FSRU LNG Terminals

Germany is placing four LNG terminals on the northeastern coast, two of which are already in operation, under the management of terminal operator SC KN Energies, aka KN, as it looks to initiate the next round of regasification capacity auctions. A two-year contract for Germany’s four chartered floating regasification and storage units (FSRU) was awarded…

January 18, 2024
BP Takes ‘Major Step Forward’ at Greater Tortue with FLNG Arrival

BP Takes ‘Major Step Forward’ at Greater Tortue with FLNG Arrival

The floating LNG (FLNG) unit at the heart of the BP plc-operated Greater Tortue Ahmeyim (GTA) natural gas project has arrived offshore of Senegal and Mauritania as the production partners prepare for start-up in the coming months. Golar LNG Ltd.’s 2.3 million metric ton/year (MMty) FLNG Gimi has been anchored at the GTA hub in…

January 18, 2024
German Enviros Seeking to Prevent Venture Global’s CP2 LNG Approval

German Enviros Seeking to Prevent Venture Global’s CP2 LNG Approval

German environmental groups are urging FERC to deny authorization for Venture Global LNG Inc.’s CP2 LNG project, calling a further buildout of U.S. export capacity a threat to each country’s climate goals. In letters addressed to Federal Energy Regulatory Commission Chair Willie Phillips, 17 groups requested commissioners consider the Louisiana project’s impact on Calcasieu Parish…

January 18, 2024
U.S. Natural Gas Exports to Mexico Seen Breaking Records in 2024

U.S. Natural Gas Exports to Mexico Seen Breaking Records in 2024

Mexico’s natural gas market will continue its modernization and expansion in 2024, regardless of who wins the presidential election on June 2. Natural gas demand in Mexico, driven by the power sector, continues to rise. Power demand was up by around 440 MMcf/d in 2023 to 4.603 Bcf/d, according to Wood Mackenzie data. Natural gas…

January 16, 2024
Natural Gas Futures Power Forward and Spot Prices Soar Amid Arctic Blast, Threats to Supply

Natural Gas Futures Power Forward and Spot Prices Soar Amid Arctic Blast, Threats to Supply

Natural gas futures rallied on Friday for the fourth time in the latest week’s five sessions, bolstered by subzero temperatures, production curtailments and a vigorous cash market. The February Nymex gas futures contract jumped 21.6 cents day/day and settled at $3.313/MMBtu.   At A Glance: Fierce winter freeze spreads Production substantially lower Significant storage pulls loom…

January 12, 2024