Offtake

Energy Transfer LP said the “extremely competitive” environment for long-term LNG contracting has meant slower progress toward a final investment decision (FID) on its proposed Louisiana export project, but the firm is making progress and could announce new deals soon. Co-CEO Marshall McCrea told investors during a quarterly conference call that the team was “disappointed”…

Mexico Pacific Limited LLC (MPL) and ExxonMobil LNG Asia Pacific have signed two long-term offtake agreements for MPL’s Saguaro Energía liquefied natural gas export terminal proposed for Puerto Libertad in Mexico’s Sonora State. Under the 20-year sales and purchase agreements (SPA), the ExxonMobil subsidiary would purchase a combined 2.0 million metric tons/year (mmty) of LNG…

Poland was receiving more natural gas supplies from Germany on Thursday, while Bulgaria was receiving supplies from Turkey. The flows were making up for lost volumes from Gazprom PJSC, which cut off supplies to Poland and Bulgaria this week for failing to comply with Russia’s demand for a new payment method.

Plans to develop a liquefied natural gas (LNG) export facility on Mexico’s west coast are moving steadily forward as the project is garnering more interest from potential offtakers in Asia. Mexico Pacific Ltd. LLC, the Houston-based company developing the project, signed a fifth memorandum of understanding (MOU) with a potential buyer in December, CEO Doug…

Units of Russia’s Gazprom and Pangea LNG B.V. have struck a tentative 20-year offtake agreement for the sale of liquefied natural gas (LNG) to be produced from a floating facility sourcing gas from the Tamar and Dalit fields offshore Israel. The terminal, if constructed, would be the world’s first project-financed floating LNG (FLNG) facility.

A major liquefied natural gas (LNG) player last week increased its planned offtake from a proposed liquefaction facility in Louisiana while another recently won a local approval in Texas for a new liquefaction facility on the Gulf Coast.

The Federal Trade Commission (FTC) has approved the proposal of Norway’s Statoil ASA, which already has significant holdings in the Marcellus and Eagle Ford shales, to acquire Austin, TX-based independent Brigham Exploration Co., which would give it access to the Williston Basin’s Bakken and Three Forks oily formations.

Growing natural gas liquids (NGL) production from the Marcellus Shale could support one new pipeline project in the near term and possibly a second in about five years, according to Wells Fargo Securities senior analyst Michael Blum.

There is, it seems, a downside to the tremendous natural gas production results in the Marcellus Shale, according to energy consultant Bentek Energy LLC.