Record

U.S. LNG Exports Eclipse Pipeline Takeaway for Only Second Time Since 1998, EIA Says

U.S. LNG Exports Eclipse Pipeline Takeaway for Only Second Time Since 1998, EIA Says

U.S. exports of liquefied natural gas (LNG) outstripped natural gas exports by pipeline in November, marking only the second time that has happened in more than 20 years, the U.S. Energy Information Administration’s (EIA) said in a new report. LNG exports exceeded gas delivered via pipeline by nearly 1.2 Bcf/d in November, as demand from…

February 5, 2021
Argentina’s Vaca Muerta Oil Production on Course for Record Year

Argentina’s Vaca Muerta Oil Production on Course for Record Year

Oil production from the vaunted Vaca Muerta shale deposit in the Neuquén basin in Western Argentina has come roaring back after months of slower exploration and production activity. Vaca Muerta reached a record high of 124,000 b/d in December, and it can continue toward 145,000–150,000 by the end of 2021 if current activity levels continue,…

February 4, 2021
Asian, European Natural Gas Benchmarks See Record Exchange Activity in January

Asian, European Natural Gas Benchmarks See Record Exchange Activity in January

Global exchange operator Intercontinental Exchange Inc. (ICE) saw record activity across its Title Transfer Facility (TTF) and Japan Korea Marker (JKM) natural gas benchmarks in January. Citing “volatile market conditions set against the ongoing liberalization” of liquefied natural gas (LNG), ICE reported record monthly futures and options volumes for TTF and JKM contracts. “Customers from…

February 2, 2021
Corpus Port in South Texas Sees 65% Jump in Oil Exports, 26% More LNG Exports in 2020

Corpus Port in South Texas Sees 65% Jump in Oil Exports, 26% More LNG Exports in 2020

The Port of Corpus Christi, a growing gateway for energy exports, ended 2020 with record tonnage, mainly attributed to a 65% increase in oil shipments, authorities said.  In addition to increased oil shipments totaling 96.4 million tons, the port saw a 26% increase year/year in liquefied natural gas (LNG) shipments at 8.7 million tons. The…

January 25, 2021
Spanish Natural Gas Prices Hit Record as Competition for LNG Cargoes Heats Up

Spanish Natural Gas Prices Hit Record as Competition for LNG Cargoes Heats Up

Global natural gas prices continued a relentless move higher on Friday, as spot prices in Spain shattered records and all-time highs in the northern Asia market showed no signs of slowing amid a cold snap and supply crunch supporting the bullish run.  In Spain, a major gas-consuming country that hosts more liquefied natural gas (LNG)…

January 8, 2021

Asia Natural Gas Benchmark Sets Record — The Offtake

A roundup of news and commentary from NGI’s LNG Insight Trafigura Group Pte. Ltd. purchased an LNG cargo from Gunvor Group Ltd. for $20.80/MMBtu for early February delivery to Incheon, South Korea, which set a record for Japan Korea Marker (JKM) prices, according to Bloomberg.  Sky-high JKM prices are pulling cargoes away from Europe, where…

January 5, 2021
U.S. LNG Exports Sail to Record Levels in November, Says EIA

U.S. LNG Exports Sail to Record Levels in November, Says EIA

After sinking to their lowest levels in more than two years over the summer, U.S. liquefied natural gas exports surged to a record high in November, according to the Energy Information Administration (EIA). The agency said U.S. LNG exports reached 9.4 Bcf/d last month, surpassing the previous record set in January on strong global demand…

December 16, 2020
Saudi Aramco Reports Increasing Natural Gas Output, with Earnings Climbing in 3Q

Saudi Aramco Reports Increasing Natural Gas Output, with Earnings Climbing in 3Q

Saudi Arabia Oil Co., aka Aramco, achieved record natural gas production of 10.7 Bcf/d on one day in early August from conventional and unconventional fields, management said Wednesday. The recordbreaking figure was set on Aug. 6, executives said during a third quarter conference call. There also are hints of improving demand for oil and gas.…

November 5, 2020
Estimates Show Ohio Oil Production Shattered 19th Century Record Last Year

Estimates Show Ohio Oil Production Shattered 19th Century Record Last Year

Oil production in Ohio last year likely surpassed the state’s all-time record set in 1896 if estimates included in the Ohio Oil and Gas Association’s (OOGA) annual Debrosse Memorial Report prove accurate.

March 18, 2020

U.S. Gulf of Mexico Gaining Momentum, with Oil Output Toppling Record

Oil production in the U.S. Gulf of Mexico last August exceeded 2 million b/d for the first time in history, as the once mighty energy region regained some of its swag.

January 8, 2020
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