LNG

Norwegian regulators have approved revised production permits allowing Equinor ASA and its partners to continue pumping natural gas near maximum levels for export to Europe, as the continent looks to cut its dependence on Russian supplies.  Fields on the Norwegian Continental Shelf have been operating near maximum capacity amid strong demand and a war between…

Despite Western sanctions against Russia, the country may become closer energy partners  with India after the two governments recently discussed the potential for further oil and gas deals. Russian Deputy Prime Minister Alexander Novak and India’s Minister of Petroleum and Natural Gas Hardeep Singh Puri talked last week about current and potential joint energy collaborations…

Venture Global LNG Inc. is continuing its hot streak of long-term sales and purchase agreements (SPAs) for liquefied natural gas (LNG) with two new deals announced Wednesday, one of which foreshadows a greenlight for the Plaquemines LNG terminal, according to the company. The Arlington, VA-based LNG exporter has inked two 20-year SPAs to supply New…

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, according to the Energy Information Administration (EIA). In the March edition of its Short-Term Energy Outlook (STEO), the agency predicted a falling…

Natural gas futures dived lower for a second straight session on Tuesday amid warmer weather patterns and the potential for storage injections over the coming weeks. The April Nymex gas futures contract settled at $4.568/MMBtu, down 9.0 cents day/day. May fell 8.5 cents to $4.617. NGI’s Spot Gas National Avg. shed 17.0 cents to $4.075…

RWE AG said Tuesday it would not sign new energy supply contracts with Russian counterparties, joining a list of companies that have halted business as sanctions increase following the Kremlin’s decision to invade Ukraine.  RWE, a major German energy provider, also said it would end non-energy supply business with Russian entities immediately.  In keeping with…

Houston-based Stabilis Solutions Inc. reported record revenue last year, and in the fourth quarter bested the number of liquefied natural gas (LNG) volumes to customers with “broad-based increases” in Mexico. The Mexico business “continued to grow and mature in 2021 and was responsible for approximately 14% of total revenues,” executives said in a fourth quarter…

Click here to listen to the latest episode of NGI’s Hub & Flow podcast. Nick DeIuliis, the CEO of Appalachian producer CNX Resources Corp, joins NGI’s Senior LNG Editor Jamison Cocklin to discuss the intersection of politics, energy and the future of natural gas in the United States and beyond.  The conversation focuses on the…

Houston-based Stabilis Solutions Inc. reported record revenue last year including for liquefied natural gas (LNG), but the small-scale supplier is now multi-tasking to mitigate inflation impacts and grow two key businesses. CEO Westervelt Ballard Jr. said price premiums on LNG in 2021 helped lift the revenue through the year, but equally high transportation and labor…