Executives developing liquefied natural gas (LNG) terminals on the Gulf Coast on Wednesday described a bittersweet situation, as Russia’s invasion of Ukraine has elevated the importance of export projects that up to now were fighting for capital. On the day traditionally devoted to natural gas, panels at CERAWeek by S&P Global shifted to what LNG…
LNG
Articles from LNG
EQT’s Chief Wants U.S. LNG Unleashed for ‘Largest Green Initiative on Planet’
The CEO of EQT Corp., the largest natural gas producer in the United States, on Wednesday said leveraging the nation’s natural gas exports could aid foreign allies and reduce global emissions. On the third day of CERAWeek by S&P Global as natural gas took center stage, CEO Toby Z. Rice made the case to use…
TC Comes to Terms with Most Native Tribes on Coastal GasLink, Conduit for LNG Canada
A native ownership offer has been accepted by most of the tribes holding cooperation and benefits agreements with Coastal GasLink (CGL), a natural gas pipeline that TC Energy Corp. is building to supply the liquefied natural gas (LNG) export terminal underway in British Columbia (BC). Sixteen of 20 tribes came to terms for the system,…
Natural Gas Ready to Meet Growing Energy Demand, but Regulatory Clarity Said Needed
The natural gas industry needs clarity on the regulatory front in order to fully capitalize on the opportunities it has to ensure energy security and lower carbon emissions in North America and around the world, a panel of executives said Wednesday in Houston. “We have an abundance of resources in North America,” said Enbridge Inc.…
Engie to Buy More LNG from Cheniere as Europe Shifts Away from Russian Supplies
A day after Europe laid out plans to cut its reliance on Russian energy by diversifying its supplies, leading U.S. liquefied natural gas (LNG) exporter Cheniere Energy Inc. said French utility Engie SA would buy more of the super-chilled fuel under an expanded agreement. Cheniere said Engie agreed to increase the volumes and extend the…
Could Russia Look to China to Export More Oil and Natural Gas?
Russian natural gas could increasingly find a home in China as the countries have strengthened ties in a way that could undermine some of the West’s economic sanctions and lessen the blow of Europe’s move away from imports.. “China is in a difficult position,” geopolitics energy specialist Marco Giuli of the Brussels School of Governance…
Despite Ukraine War and Global Price Upheaval, Natural Gas Futures Drop Amid Mild Weather Forecasts
Natural gas futures slipped lower for a second consecutive day, as traders continued to focus on bearish shifts in domestic weather outlooks even as war raged in Ukraine and Western sanctions against Russia threatened to send global commodity prices to record highs. The April Nymex natural gas futures contract settled at $4.527/MMBtu, down 30.6 cents…
Uncertainty is Theme of Latest STEO as EIA Models Falling Crude Prices in 2H2022
Brent crude oil prices will average $116/bbl in the second quarter, and Henry Hub spot natural gas prices will average $3.83/MMBtu over the same period, though events in Ukraine have clouded the outlook, the Energy Information Administration (EIA) said in updated projections published Tuesday. In the March edition of its Short-Term Energy Outlook (STEO), the…
European Commission Rolls Out Plan to Gain Independence from Russian Fossil Fuels by 2030
The European Commission on Tuesday unveiled a proposal to break free of Russian energy imports before 2030, including plans to reduce demand for Russian natural gas by two-thirds by the end of this year. Russia is the European Union’s (EU) biggest coal, natural gas and oil supplier, fulfilling roughly 60% of the region’s gross energy…
Apex, Epic and Corpus Port Considering Industrial-Scale Green Hydrogen Hub for South Texas
Apex Clean Energy LLC, Epic Midstream Holdings LP and the Port of Corpus Christi Authority are considering a green hydrogen production, storage, transportation and export operation on the South Texas coast. “This would be green fuel production at gigawatt scale,” said Apex CEO Mark Goodwin. Green hydrogen is produced using renewable energy and electrolysis. In…