International

Cheniere Energy Inc. said Tuesday that it has already signed an agreement to supply LNG from a massive expansion of its Sabine Pass liquefaction (SPL) terminal in Louisiana just two months after it kicked off the federal permitting process.  CEO Jack Fusco told analysts during a call to discuss the company’s first quarter results that…

Strong global natural gas marketing and trading lifted BP plc in the first three months of this year, helping the company overcome low commodity prices as the integrated major also leaned in to secure opportunities to expand in the United States and overseas. CFO Murray Auchincloss led a conference call Tuesday to discuss the latest…

Montney Shale natural gas storage capacity has changed owners as Enbridge Inc. on Monday purchased a controlling stake in the Aitken Creek site in northern British Columbia (BC) from utility FortisBC Holdings Inc. for C$400 million ($300 million). Enbridge Executive Vice President Cynthia Hansen called the acquisition “a well located and connected facility that will…

The LNG market was again muted as the week got underway with hotter weather and restocking demand still in the offing. In Europe, the prompt Title Transfer Facility (TTF) gained just a penny in a quiet day of trading amid labor holidays across the continent. The June contract gave up 4% last week to finish…

Any attempts by California to penalize oil and natural gas producers for what state leaders may consider to be excess profits will likely backfire, Chevron Corp. CEO Mike Wirth said Friday. During the first quarter conference call, Wirth was asked about a rulemaking process underway in the company’s home state. Spearheaded by Democratic Gov. Gavin…

More than a year after the invasion of Ukraine, it still remains unlikely that Russia will regain its role as the European Union’s (EU) leading natural gas supplier, but an eventual increase in the country’s exports to the continent isn’t out of the question.  A top supplier to the EU, Russia exported about 140 billion…

Competition to secure LNG cargoes for next winter could intensify as the year progresses, but to what extent Europe and Asia face off depends heavily on a variety of factors, including plant outages, supply, demand, and of course, the weather.  The global liquified natural gas market has mixed forecasts on what direction top Asian LNG…

Argentina’s natural gas segment has been transformed by the Vaca Muerta shale formation and the country might well again become a net energy exporter. The country is undergoing a massive natural gas infrastructure buildout in an attempt to make that the case. Vaca Muerta is the second largest shale gas resource on the planet, with…

Saudi Basic Industries Corp. is taking its petrochemicals manufacturing business full circle, using innovation and more than a dash of technology to help global customers achieve their sustainability goals. Some of those goals are designed to use less natural gas and oil. Executive Vice President Bob Maughon, who oversees Sustainability, Technology & Innovation for Sabic,…