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The Offtake: LNG in Brief

A roundup of news and commentary from NGI’s LNG Insight

June 16, 2020
Complaint by U.S. Energy Industry’s API Adds to Growing List of Private Sector Concerns in Mexican Energy

Complaint by U.S. Energy Industry’s API Adds to Growing List of Private Sector Concerns in Mexican Energy

American Petroleum Institute (API) President Mike Sommers has sent a letter to U.S. officials expressing the group’s worry that recent actions by the Mexican government are hurting investors in the Mexican energy sector.

June 16, 2020
Colombia Said Ready to Award Fracturing Pilots in October

Colombia Said Ready to Award Fracturing Pilots in October

Colombia’s National Hydrocarbons Agency (ANH) will award contracts for hydraulic fracturing pilot projects to interested companies by October, according to media reports.

June 16, 2020
IEA Sees Global Oil Demand Far Outpacing Supply, but Not Until 2021

IEA Sees Global Oil Demand Far Outpacing Supply, but Not Until 2021

Although global oil demand is expected to fall by a record 8.1 million b/d in 2020 because of Covid-19, 2021 should be a much different story, the International Energy Agency (IEA) said Tuesday.

June 16, 2020
Natural Gas Futures Continue Downward Spiral on Weak Cash Demand, Uncertain Outlook for Weather, LNG

Natural Gas Futures Continue Downward Spiral on Weak Cash Demand, Uncertain Outlook for Weather, LNG

Cooler temperatures and soft demand in the natural gas cash market, along with ongoing liquefied natural gas (LNG) woes, weighed down futures again Tuesday, with prices hitting a new daily low in June for a third consecutive trading day.

June 16, 2020
Range Resources Resolves Environmental Charges in Pennsylvania Investigation; Cabot Charged

Range Resources Resolves Environmental Charges in Pennsylvania Investigation; Cabot Charged

Range Resources Corp. on Friday pleaded no contest to charges brought by the Pennsylvania Attorney General’s (AG) Office and a statewide grand jury as part of a two-year criminal investigation into unconventional oil and natural gas development.

June 16, 2020
Colorado Heavyweight Extraction Files for Chapter 11 as Covid, Low Prices Continue to Ravage Lower 48

Colorado Heavyweight Extraction Files for Chapter 11 as Covid, Low Prices Continue to Ravage Lower 48

Denver-based Extraction Oil & Gas Inc. announced Sunday it has filed for Chapter 11 bankruptcy protection in the District of Delaware, citing the impacts of Covid-19 and low commodity prices on its business.

June 16, 2020
LNG Q&A: Delfin Execs See Offshore Exports as Game Changer for North American NatGas Supply — Bonus Coverage

LNG Q&A: Delfin Execs See Offshore Exports as Game Changer for North American NatGas Supply — Bonus Coverage

Editor’s Note: Enjoy this bonus coverage from NGI’s LNG Insight, which provides daily netback prices, export tracking, shipping costs, and other market-driven news and data. For more information, click here.

June 16, 2020
Antero Nets $402M from Global Investment Firm, Forecasts Strengthened Natural Gas, NGL Prices

Antero Nets $402M from Global Investment Firm, Forecasts Strengthened Natural Gas, NGL Prices

Appalachian natural gas heavyweight Antero Resources Corp. said Monday it has closed an overriding royalty interest (ORRI) transaction with Sixth Street Partners LLC that will result in proceeds of up to $402 million.

June 16, 2020
Global Midstream Sector Outlook Downgraded by Moody’s

Global Midstream Sector Outlook Downgraded by Moody’s

Moody’s Investors Service for the first time lowered its global oil and gas midstream rating to negative as the broader energy sector grapples with simultaneous demand and supply shocks.

June 15, 2020