LNG

The hot summer of long-term LNG supply contracts for U.S. exporters is continuing this week with another pair of separate sales and purchase agreements (SPA) by Cheniere Energy Inc. and NextDecade Corp. A Cheniere subsidiary secured a 1 million metric tons/year (mmty) SPA for liquefied natural gas with Thailand’s PTT Public Co. Ltd. (PTT). Houston-based…

Click here to listen to the latest episode of NGI’s Hub & Flow podcast. Paul Cicio, CEO of the Industrial Energy Consumers of America (IECA), joins Jamison Cocklin, NGI’s senior editor of LNG, to discuss the role that rising LNG exports have had in pushing U.S. natural gas prices higher.  IECA represents thousands of energy-intensive…

Sempra Infrastructure said Tuesday it has signed a memorandum of understanding (MOU) with utility Entergy Texas Inc. to develop renewable energy capacity in Southeast Texas to serve Sempra’s Port Arthur LNG terminal and other projects in the area.  The companies are aiming “to accelerate the deployment of new renewable energy generation resources and to increase…

Natural gas futures climbed higher on Tuesday – after surging nearly 80 cents over the two prior sessions – bolstered by sustained heat in the U.S. South and West, as well as deepening European supply distress amid the fallout of Russia’s war in Ukraine. The August Nymex gas futures contract gained 26.6 cents day/day and…

European natural gas prices continued their charge higher Tuesday, hitting levels not seen since March. The prompt Title Transfer Facility contract surged by 13% to settle above $59/MMBtu.

Click here to listen to the latest episode of NGI’s Hub & Flow podcast. Paul Cicio, CEO of the Industrial Energy Consumers of America (IECA), joins Jamison Cocklin, NGI’s senior editor of LNG, to discuss the role that rising LNG exports have had in pushing U.S. natural gas prices higher.  IECA represents thousands of energy-intensive…

Columbia Gulf Transmission LLC is seeking additional time to construct the last planned compressor station that would expand natural gas throughput to Cheniere Energy Inc.’s Sabine Pass LNG terminal on the Gulf Coast. In a letter to FERC last week, TC Energy affiliate Columbia Gulf said it needs until Dec. 31 to construct and make…

The Port of Corpus Christi in South Texas, with an expansion project nearing completion, moved a record 46.4 million tons in the second quarter, it said Monday. Driven by growth in crude and refined products, along with LNG and dry bulk cargo, the port’s tonnage in the quarter surpassed the prior record set in 4Q2021…

Russia’s Gazprom PJSC said Monday that it would again reduce flows on the Nord Stream 1 (NS1) pipeline to take another turbine out of service for repairs, further cutting deliveries to Europe where prices soared on the decision.  The company said deliveries on the 745-mile, 6 Bcf/d link between Russia and Germany would be cut…