LNG

Royal Dutch Shell plc CEO Ben van Beurden acknowledged Thursday there may be some pain associated with the share price in constricting oil and gas activities as it moves toward a carbon-free goal, but customers “increasingly” are embracing the global energy transition. Customers are calling for more carbon-neutral fuel, oil and natural gas, including for…

Natural gas forward markets were lower for the Oct. 22-28 period as lackluster demand in key demand regions of the Lower 48 tempered prices, according to NGI’s Forward Look. Losses were mostly pronounced in the Northeast and in the Permian Basin, where pipeline work sparked increased volatility this week. Most of the price action was…

Recent announcements by the leaders of China and Japan to achieve carbon neutrality in the coming decades could initially increase demand for U.S. liquefied natural gas (LNG), but that demand could be reduced as early as 2030, analysts said. Japanese Prime Minister Yoshihide Suga on Monday said the country would aim to become a “carbon-neutral,…

The U.S. Department of Energy (DOE) on Wednesday extended through 2050 three long-term liquefied natural gas (LNG) export licenses to countries without free-trade agreements (FTA). The extensions were issued for two Cheniere Energy Inc. facilities, Sabine Pass LNG in Louisiana and Corpus Christi LNG in South Texas. Sempra Energy’s proposed Port Arthur LNG terminal east…

Total SA has made a second significant gas condensate discovery offshore South Africa, management at the French major said Wednesday. The latest discovery is in the Luiperd prospect, in Block 11B/12B in the Outeniqua Basin, 175 kilometers (109 miles) off the southern coast of South Africa. The Luiperd well was drilled to a depth of…

A bipartisan group of lawmakers in the U.S. House of Representatives has launched the Congressional Energy Export Caucus aimed at strengthening the country’s trade role in a post Covid-19 world.  Reps. Carol Miller (R-WV), Henry Cuellar (D-TX), Jodey Arrington (R-TX) and Lou Correa (D-CA) announced the caucus last week. The lawmakers said the group would…

A five-year construction deadline extension has been granted to the C$1.6 billion ($1.2 billion) Woodfibre liquefied natural gas (LNG) export project on the southern Pacific coast of British Columbia (BC). The BC Environmental Assessment Office (BCEAO) set a new permit expiry date of October 2025. The schedule extension does not create hazards or harm rights…

As the Gulf Coast braced for the imminent arrival of Hurricane Zeta, and as traders mulled a mixed temperature outlook, natural gas futures hovered close to even early Wednesday. The expiring November Nymex contract was up 1.1 cents to $3.030/MMBtu at around 8:40 a.m. ET; December was off 1.1 cents to $3.300. Zeta had reached…

The Energía Costa Azul (ECA) natural gas export project in Mexico’s Baja California has yet to receive an export approval from the Mexican government despite a new push to support the exports but sanctioning could happen later this year, Infraestructura Energética Nova (IEnova) executives said last Thursday. The proposed two-phase liquefied natural gas (LNG) project,…