Russia-Ukraine conflict

Sempra Says Port Arthur LNG Phase 1 ‘Fully Subscribed’ After SPA with Poland’s PKN Orlen

Sempra Says Port Arthur LNG Phase 1 ‘Fully Subscribed’ After SPA with Poland’s PKN Orlen

Sempra Infrastructure reported the first phase of its Port Arthur LNG project has reached its required offtake subscription for a final investment decision (FID) after it inked another long-term agreement with a European firm. Polish refiner PKN Orlen SA signed a 20-year sales and purchase agreement (SPA) for 1 million metric ton/year (mmty) of liquefied…

January 25, 2023
What Are NGI’s Thought Leaders Forecasting for Natural Gas Prices, LNG, Russia – and Beyond?

What Are NGI’s Thought Leaders Forecasting for Natural Gas Prices, LNG, Russia – and Beyond?

Asking natural gas and oil executives about the market, their projects, cash flow and budgets is a staple of the NGI Thought Leader team’s daily routine. Turning that microphone around to ask journalists the questions is a bit trickier! The Thought Leader team was up for the challenge, though, to editorialize as we enter 2023.…

January 18, 2023
Woodside, Western Gas Eyeing More Australian Supply, Pluto LNG Exports

Woodside, Western Gas Eyeing More Australian Supply, Pluto LNG Exports

Woodside Energy Group Ltd. has tentative agreements with Western Gas, an Australian offshore natural gas producer, to supply more volumes and boost production from its Pluto LNG terminal. Woodside disclosed several nonbinding agreements with Western Gas in the North West Shelf Project. Western Gas is developing the Equus Gas Project in the Carnarvon Basin. Under…

December 28, 2022
Russia Retaliates Against Countries Imposing Oil Price Cap, Bans Exports Starting in February

Russia Retaliates Against Countries Imposing Oil Price Cap, Bans Exports Starting in February

Oil exports from Russia are to be banned beginning Feb. 1 to any country that agreed to cap prices, according to a decree signed Tuesday by President Vladimir Putin. The ban would continue for five months. “Deliveries of Russian oil and oil products to foreign entities and individuals are banned, on the condition that in…

December 28, 2022
Domestic Crude Production Flat as Petroleum Demand Edges Higher

Domestic Crude Production Flat as Petroleum Demand Edges Higher

Demand for gasoline climbed last week and helped to drive a second consecutive gain in U.S. petroleum consumption, while oil production leveled off, new federal data show. The U.S. Energy Information Administration (EIA) said Wednesday overall demand for petroleum products for the period ended Dec. 16 climbed 5% week/week. The increase was driven by a…

December 21, 2022
Russia’s Plans for Natural Gas Hub in Turkey Facing Obstacles

Russia’s Plans for Natural Gas Hub in Turkey Facing Obstacles

Russia is turning to Turkey as a potential natural gas hub partner with a new sense of urgency to find new export outlets for volumes left stranded by damages to the Nord Stream pipelines in September.  But any hub would likely face political, financial and supply issues that are compounded by the Kremlin’s war in…

December 21, 2022
EU Again Postpones Natural Gas Price Cap as Ministers Search for Consensus

EU Again Postpones Natural Gas Price Cap as Ministers Search for Consensus

European Union (EU) energy ministers on Tuesday failed to reach an agreement on a bloc-wide cap on natural gas prices at an emergency Energy Council meeting in Brussels. Since the European Commission proposed a gas price cap last month, the 27 member states have been split over how to reach a compromise on setting a…

December 14, 2022
IEA Again Warns of EU Natural Gas Supply Shortfall Next Year

IEA Again Warns of EU Natural Gas Supply Shortfall Next Year

The International Energy Agency (IEA) estimates the European Union (EU) could have to address a natural gas supply shortage in 2023 due in part to few additional LNG projects coming online and increased competition with Asia for cargoes. In a new report released Monday, the IEA modeled how the EU could manage a shortfall of…

December 13, 2022

TotalEnergies Withdraws Directors From Novatek in Shift Away from Russia – The Offtake

TotalEnergies SE is withdrawing its representatives on PAO Novatek’s board and said it would stop accounting for its 19.4% stake in the company.

December 9, 2022
High Demand for New U.S. Liquefaction Projects at Odds with FID Delays – Listen Now to NGI’s Hub & Flow

High Demand for New U.S. Liquefaction Projects at Odds with FID Delays – Listen Now to NGI’s Hub & Flow

With much of Europe continuing to scramble to secure adequate natural gas supplies in the wake of the Russian invasion of Ukraine and the resulting ramifications, LNG is seen as a leading solution to help solve the global energy crisis, which experts believe could continue for the next two to three years until new global…

December 9, 2022
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