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

  • Tellurian Energy Inc. has named Charif Souki as executive chairman. Souki co-founded the company in 2016 and had been serving as nonexecutive chairman. The company is looking to better leverage his “marketing expertise and relationships” as its Driftwood LNG export project in Louisiana has struggled with setbacks.
  • China National Offshore Oil Corp., the country’s largest LNG importer, has signed a deal with Royal Dutch Shell plc to buy two cargoes of the mainland’s first carbon-neutral LNG. Shell said the cargoes are carbon-neutral because all emissions from exploration, liquefaction and end-use are offset by environmental credits. 
  • Rystad Energy says global natural gas output is set to decline by 2.6% this year compared with 2019 levels because of the Covid-19 pandemic. Rystad now expects gas production to be 3,962 billion cubic meters (Bcm) this year, 4,015 Bcm in 2021 and 4,094 Bcm in 2022.
  • The Port of Corpus Christi Authority in South Texas has reported the first case of Covid-19 among its employees. The employee works in an office away from others and is now in self-isolation at home. The port, where annual LNG exports increased by 316.8 Bcf in 2019, is the third largest in the United States by total revenue tonnage.