LNG

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…

Rising natural gas gathering volumes in the Haynesville and Eagle Ford shales boosted the bottom line during the second quarter for Kinder Morgan Inc., which is now looking to grow its supplies for U.S. LNG exports. Gas gathering volumes during 2Q2022 were up 12% year/year, led by a 15% increase in Haynesville volumes and a…

With stifling heat and high humidity spreading across the Eastern Seaboard, natural gas forward prices in New England raced higher with pipelines tapped out and unable to move additional supply to the region. Fixed prices for August soared $1.86 for the trading period through Wednesday (July 21) to reach $8.236/MMBtu at the Algonquin Citygate, a…

The German government has agreed to take a 30% stake in Uniper SE with a capital infusion to bailout the giant utility, which has suffered from natural gas supply cuts and soaring prices. Uniper’s CEO Klaus-Dieter Maubach said the deal would preserve the company’s “system-critical” role for Germany’s energy supply. The country is the largest…

Australia’s largest independent natural gas and oil producers honed in on optimizing value for LNG exports and progressing gas field development projects in the second quarter while navigating domestic supply shortages. The recently renamed Woodside Energy Group Ltd. and Santos Ltd. both reported continued elevated pricing for liquefied natural gas (LNG) despite demand destruction in…

HOUSTON (ICIS) – Asia spot LNG prices have fallen this week, with the September ’22 ICIS East Asia Index (EAX) down more than 9% on 21 July from one week ago. The EAX has declined in recent days after peaking above $40/MMBtu.

North America’s natural gas supply is passing a stress test created by the war between Russia and Ukraine, showing that more LNG can be exported without jeopardizing consumer needs, according to an industry filing at the Canada Energy Regulator (CER). “Gas markets are functioning,” said sponsors of the Ksi Lisims LNG liquefied natural gas export…