LNG

The U.S. Department of Energy (DOE) plans to stop conducting environmental reviews of liquefied natural gas (LNG) export and import projects beginning in early January.  The notice was published Thursday in the Federal Register. The decision is not expected to significantly reduce regulatory hurdles for LNG projects. They still would require extensive FERC environmental reviews…

Wrapping up one of the warmest Novembers in U.S. history, natural gas winter forward prices plunged during the Nov. 25-Dec. 2 period as the weather outlook for December grew milder, according to NGI’s Forward Look. January prices averaged 18.0 cents lower over the period, which included the extended Thanksgiving holiday, while the balance of winter…

Chevron Corp. plans to reduce overall capital spending by 26% next year and slice the budget through 2025, but more resources are budgeted for the deepwater Gulf of Mexico and the Lower 48, including the legacy Permian Basin holdings. Capital expenditures (capex) are set at $14 billion for 2021, and up to $16 billion a…

Sempra Energy on Wednesday unveiled a plan to unify its U.S. and Mexico subsidiaries that own liquefied natural gas (LNG) assets. The move to combine Sempra LNG and Mexican firm Infraestructura Energética Nova (IEnova) comes after the San Diego-based operator last month funded construction of the $2 billion Energia Costa Azul (ECA) LNG export terminal,…

Sempra Energy on Wednesday unveiled a plan to unify its U.S. and Mexico subsidiaries that own liquefied natural gas (LNG) assets. The move to combine Sempra LNG and Mexican firm Infraestructura Energética Nova (IEnova) comes after the San Diego-based operator last month funded construction of the $2 billion Energia Costa Azul (ECA) LNG export terminal,…

One day after disclosing that CEO Meg Gentle had departed the company, Tellurian Inc. on Tuesday withdrew from FERC’s review a proposed 2.3 Bcf/d Permian Basin natural gas artery that would have moved supply to the Louisiana coast. The Permian Global Access Pipeline (PGAP) had been under the microscope by Tellurian for months as it…

Natural gas prices dipped slightly lower in December bidweek trading as markets mulled modest weather-driven demand in November against the prospect of increased domestic heating needs this month and continued robust liquefied natural gas (LNG) export volumes. NGI’s December Bidweek National Avg. declined 2.5 cents month/month to $2.720/MMBtu, which also represents a 10.5-cent discount from…

European liquefied natural gas (LNG) imports are on track to beat last year’s levels, driven in part by strong deliveries from the United States earlier in 2020, according to data intelligence firm Kpler.  The firm said this week domestic gas exports to Europe have nearly doubled this year, thanks in large part to a particularly…

Natural gas futures were trading slightly higher early Tuesday as forecasters continued to point to a potential shift toward colder temperatures around the middle of the month. The January Nymex contract was up 1.1 cents to $2.893/MMBtu at around 8:45 a.m. ET. The European weather model trended milder overnight by showing less cold moving into…