Infrastructure

Mexican President Andrés Manuel López Obrador’s campaign promise of a refinery for his home state of Tabasco is being delivered this week. The 340,000 b/d Olmeca refinery in Dos Bocas will be inaugurated on Friday, July 1, exactly four years after López Obrador won the presidency. “With president López Obrador inaugurating his flagship Olmeca refinery,…

Mountain Valley Pipeline LLC is seeking an extension from FERC that would give the operator until October 2026 to finish construction on the delayed Appalachia-to-Southeast natural gas conduit. In a letter filed last Friday, MVP asked the Federal Energy Regulatory Commission for more time to finish construction in light of “ongoing legal and permitting challenges.”…

Mountain Valley Pipeline LLC is seeking an extension from FERC that would give the operator until October 2026 to finish construction on the delayed Appalachia-to-Southeast natural gas conduit. In a letter filed last Friday, MVP asked the Federal Energy Regulatory Commission for more time to finish construction in light of “ongoing legal and permitting challenges.”…

Additions in U.S. grid-scale energy storage during the first three months of the year outpaced the same period last year four times over, with a record 2,399 MWh brought online despite supply chain-related delays.  A recent report by consultancy Wood Mackenzie and the American Clean Power Association (ACP) found that residential, nonresidential and grid-scale storage…

“We firmly believe that Mexico can take much better advantage of its national natural gas basins to compensate for the imports and at the same time attend to the increased demand for natural gas,” Juan Manuel Delgado, President of Mexico’s Hydrocarbon Companies Association, AMEXHI, told NGI’s Mexico GPI.  “Mexico has to make a change to…

Prices of North American natural gas continued to soften this week with U.S. storage levels set to build healthily for the upcoming winter. After recently barreling toward $10/MMBtu, the 2 Bcf/d available to the North American market following the Freeport liquefied natural gas (LNG) terminal shutdown in Texas, is loosening supply and bringing down prices.…

Venture Global Inc. on Wednesday announced its second offtake agreement in a week for its pair of proposed Louisiana liquefied natural gas (LNG) projects. Chevron Corp. also moved to expand its LNG portfolio. The Arlington, VA company said Chevron agreed to two 20-year sales and purchase agreements (SPA) for a combined 2 million metric tons/year (mmty).…

The natural gas industry has shown renewed affection for the natural gas-rich Haynesville Shale, but darker times may lie ahead unless proposed takeaway projects move forward, according to an analysis by Wells Fargo Securities. The analyst team, led by managing director Michael Blum, outlined two scenarios under which additional infrastructure would be needed in the…

Cheniere Energy Inc. said Wednesday it made a positive final investment decision (FID) to expand its Corpus Christi liquefied natural gas (LNG) export terminal in South Texas.  The project would add seven midscale liquefaction trains and 10 million metric tons/year (mmty) of capacity at the facility as global demand for LNG surges. “Reaching FID on…