Argentina’s vast natural gas resources would only be fully developed with an LNG export facility, according to experts who spoke at a recent energy conference. “Clearly we think we need to develop the regional market,” said Pampa Energía’s director of commercialization and midstream, Santiago Patrón. The executive at one of Argentina’s top natural gas producers…
LNG
Articles from LNG
Texas LNG Plans to Start Construction This Year After EQT Tolling Deal Expanded
EQT Corp. has expanded an agreement to ultimately give it 2 million metric tons/year (mmty) of natural gas liquefaction capacity at Glenfarne Energy Transition LLC’s proposed export plant in Brownsville, TX. EQT, the largest U.S. natural gas producer, has signed another heads of agreement with Glenfarne for 1.5 mmty of tolling capacity at Texas LNG…
Don’t Look Now but North American Natural Gas Demand to Soar in ‘25 and Beyond, Says Halliburton CEO
The timing for the next leg of growth in North America remains uncertain, but there’s “no question” that natural gas output will drive the market into 2025 and beyond because of LNG exports and rising electricity demand, Halliburton Co. CEO Jeff Miller said. Speaking to analysts during the first quarter conference call, Miller was asked…
MARAD Requests Updated Application for Delfin LNG Offshore Export Project
The U.S. Maritime Administration (MARAD) has ordered Delfin LNG LLC to submit an updated application to build and operate its proposed export project in the Gulf of Mexico. Seven years after the agency granted Delfin a record of decision (ROD) for the more than 13 million metric tons/year (mmty) capacity project offshore Louisiana, MARAD staff…
May Natural Gas Futures Slightly Lower as Mild Forecast Pressures Prices
With the market continuing to balance near-term oversupply against longer term bullishness, natural gas futures moved slightly lower at the front of the curve in early trading Tuesday. The May Nymex contract was down 1.7 cents to $1.774/MMBtu at around 8:45 a.m. ET. June was off 1.7 cents to $2.048. A recently updated outlook from…
Global Natural Gas Prices Stable as Fears Ease Over Middle East Conflict – LNG Recap
Asian and European natural gas prices declined Monday as geopolitical tensions in the Middle East eased and the supply outlook strengthened. Prices were stable last week when the market shrugged off the impacts of attacks carried out by Israel and Iran. With no apparent threat to production in the Eastern Mediterranean or shipping in the…
Natural Gas Pipeline Nominations, Vessel Traffic Indicate Freeport LNG Production Returns
Operations at Freeport LNG could be ramping up again after more than a week of near-zero gas flows to the Texas facility drove speculation that multiple trains were offline, according to pipeline and vessel data. Feed gas nominations for the liquefied natural gas terminal started rising over the weekend and have grown to about 17%…
Japan’s LNG Consumption Expected to Decline This Year
Despite fuel restrictions at four of Jera Co. Inc.’s gas-fired power plants in Tokyo last month, Japan’s LNG imports are again expected to decline this year. Liquefied natural gas stockpiles hit their lowest point since January 2021 last month, when they fell below the five-year average of 2.14 million tons (Mt). Cargo deliveries were delayed…
May Natural Gas Called Slightly Higher as Traders Eye Production, Cool Temps
Natural gas futures nudged higher early Monday as near-term heating demand and soft springtime production offered support for prices. The May Nymex contract was up 2.1 cents to $1.773/MMBtu at around 8:45 a.m. ET. June was up 2.5 cents to $2.013. Updated estimates Monday showed domestic production remaining steady at sub-100 Bcf/d levels. Bloomberg data…
Groningen Field to Permanently Close as the Netherlands Increases Pipeline and LNG imports
The Netherlands is expected to permanently close the huge Groningen natural gas field, the Dutch Senate announced this week. Groningen, one of the largest gas fields in Europe, caused earthquakes and damage to local communities for more than 20 years, which created debate among politicians, local residents and gas industry supporters for years about whether…