International

Turmoil in Russia had little impact on U.S. natural gas prices early this week, traders said, but the uncertainty it infused into an already tenuous global energy outlook raised the specter of supply interruptions and market volatility in the months ahead. Over the past weekend, the Wagner private military group, until recently aligned with the…

The international natural gas trade, powered by LNG, grew 5% in 2022 year/year and represented more than half of all global gas activity, according to the latest Statistical Review of World Energy. The benchmark annual report was published for the first time this year by the Energy Institute (EI) with consultancies KPMG and Kearny. BP…

Global natural gas markets were calm Monday despite a brief armed rebellion in Russia over the weekend that called into question President Vladimir Putin’s grip on power. “The market seems to be reacting very little to events in Russia,” said Engie EnergyScan analysts. “One might say that this is to be expected, given that the…

Cheniere Energy Inc. said Wednesday it has secured another customer to support a major expansion at its Sabine Pass LNG export terminal in Louisiana.  Cheniere Marketing LLC entered a sales and purchase agreement (SPA) to provide Equinor ASA 1.75 million metric tons/year (mmty) of the super-chilled fuel for a term of 15 years. Equinor would…

QatarEnergy said Tuesday that China National Petroleum Corp. (CNPC) would become a partner in its massive North Field LNG expansion and purchase the super-chilled fuel from the project for nearly three decades. CNPC agreed to buy 4 million metric tons/year (mmty) of liquefied natural gas from the North Field East (NFE) expansion for a term…

Editor’s Note: This column is part of a regular series by industry veteran Brad Hitch for NGI’s LNG Insight dedicated to addressing the complexities of the global natural gas market. One of the themes that has been touched upon is the increasing integration of the global gas market. This means U.S. integration with the rest…

Investments in low-emission technologies are taking a backseat to Shell plc’s Integrated Gas arm, as LNG prospects show promise for years to come, the executive team said Wednesday. Speaking during a Capital Markets Day at the New York Stock Exchange, CEO Wael Sawan said the London-based integrated major is tilting toward buffing up the Integrated…

NextDecade Corp. has disclosed agreements with Global Infrastructure Partners (GIP) and TotalEnergies, and now expects to reach a final investment decision (FID) for the Rio Grande LNG project in deep South Texas later this month. GIP has agreed to take an undisclosed majority stake in the first three liquefaction trains of the proposed Texas export…

The Biden administration has agreed to provide $500 million in guarantees for Poland’s PKN Orlen SA to provide more domestic LNG for European countries working to replace Russian natural gas. The U.S. International Development Finance Corp. (DFC) board approved a plan to back the Polish utility’s hedges for liquefied natural gas with a European unit…