International

Eni Nearing First LNG Exports from Coral-Sul Project in Mozambique

Eni Nearing First LNG Exports from Coral-Sul Project in Mozambique

Mozambique could soon export its first LNG from the Eni SpA-operated Coral-Sul Floating LNG (FLNG) facility offshore Mozambique’s northern coastline, as an LNG tanker is sailing to the facility to load the first cargo.  The British Mentor was floating in the Mozambique Channel on Thursday, just south of the Comoro Islands, according to ship-tracking data…

August 25, 2022
Will U.S. Natural Gas Price Volatility Last? – Listen Now to NGI’s Hub & Flow

Will U.S. Natural Gas Price Volatility Last? – Listen Now to NGI’s Hub & Flow

Click here to listen to the latest episode of NGI’s Hub & Flow, as NGI’s Patrick Rau, director of strategy and research, discusses the structural changes in the U.S. natural gas market. Rau takes a deep dive into the massive upheaval in the markets from tight supply/demand fundamentals, international developments and policy changes in the…

August 25, 2022
Russian LNG Projects Face Continued Uncertainty as Kremlin Consolidates Control

Russian LNG Projects Face Continued Uncertainty as Kremlin Consolidates Control

President Vladimir Putin’s latest decree to stop sales of Russian energy assets, leaves the status and progress of Russia’s liquefied natural gas (LNG) projects in disarray.  The decree takes full control of the 9.6 mmt/y Sakhalin-2 project in Russia’s far east. Shell plc has already said it plans to divest its 27.5% stake in the…

August 23, 2022
Latest European Natural Gas Price Spike Forces Some to Turn Away U.S. Imports

Latest European Natural Gas Price Spike Forces Some to Turn Away U.S. Imports

With anxiety mounting over another halt to the flow of Russian natural gas to Europe, Ukraine is continuing its push to fill the void for energy-starved countries as market volatility appears to be impacting their ability to import U.S. LNG. On Friday, Russia’s Gazprom PJSC disclosed its Nord Stream 1 (NS1) pipeline system would halt…

August 23, 2022
Eni, TotalEnergies Announce Significant Natural Gas Discovery

Eni, TotalEnergies Announce Significant Natural Gas Discovery

Italy’s Eni SpA and Paris-based TotalEnergies on Monday said they made a major natural gas discovery at the Cronos-1 well, in Block 6, offshore Cyprus. Located about 100 miles southwest of the Cyprus coast, Cronos-1 “encountered several good quality carbonate reservoir intervals and confirmed overall net gas pay of more than 260 meters,” TotalEnergies said.…

August 23, 2022
Russia’s Planned Shutdown of NS1 Pipeline Sends European Natural Gas Prices Soaring, Bolsters Henry Hub

Russia’s Planned Shutdown of NS1 Pipeline Sends European Natural Gas Prices Soaring, Bolsters Henry Hub

Natural gas prices surged Monday in Europe on intensifying concerns that Russia’s plan to close the Nord Stream 1 (NS1) pipeline could cripple the continent’s ability to store enough fuel to meet heating needs in the coming winter. U.S. futures followed suit. Russia’s Gazprom PJSC late Friday said it would halt gas flows to Europe…

August 22, 2022
Argentina’s YPF Upping Capital Budget to $4B, Driven by Vaca Muerta Shale

Argentina’s YPF Upping Capital Budget to $4B, Driven by Vaca Muerta Shale

Argentine national oil company YPF SA has raised its capital expenditure (capex) forecast for full-year 2022, with a focus on developing the Vaca Muerta Shale formation. New CEO Pablo Iuliano and CFO Alejandro Lew hosted a conference call to discuss the 51% state-owned company’s second-quarter results. “Better-than-expected economic performance so far in 2022 enhanced our…

August 22, 2022
Russia’s Gazprom Plans 3-Day Halt of NS1 Natural Gas Flows to Europe

Russia’s Gazprom Plans 3-Day Halt of NS1 Natural Gas Flows to Europe

Russia’s Gazprom PJSC announced plans to halt flows of natural gas to Europe through the Nord Stream 1 (NS1) system at the end of the month as the continent closes out its most volatile market week since March. The state-controlled firm disclosed Friday flows on NS1 would be closed from Aug. 31 to Sept. 2…

August 19, 2022
Europe’s TTF breaks new record as premium extends to Asia

Europe’s TTF breaks new record as premium extends to Asia

As concerns for securing winter supply continue to mount, the European gas benchmark TTF toppled new all-time highs this week.

August 19, 2022
Avenir LNG Expanding Marine Terminal Strategy to Decarbonize Swedish Port

Avenir LNG Expanding Marine Terminal Strategy to Decarbonize Swedish Port

Marine bunkering specialist Avenir LNG is looking to progress its terminal strategy and help Sweden decarbonize industrial sectors with a proposed natural gas import project. A memorandum of understanding (MOU) with Sweden’s Oxelösunds Hamn AB could advance a liquefied natural gas import terminal. The Port of Oxelösund facility as proposed would allow customers to import…

August 18, 2022
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