LNG Insight

TC Energy Corp. is projecting U.S. natural gas demand to swell by over 27% by 2030 to about 115 Bcf/d versus 91 Bcf/d in 2021, with growth forecasted from LNG exports, power generation, industrial demand and pipeline exports to Mexico.  Although the expected growth is disproportionately led by liquefied natural gas exports, “nearly all sectors…

Santos Ltd. may be facing an extended delay before it can proceed with its $3.6 billion Barossa project to extend LNG exports from northern Australia after a federal court denied an appeal. The Barossa project, sanctioned last year, is intended to provide more gas supply for the 3.7 million metric ton/year Darwin LNG terminal, possibly…

Argentina’s YPF SA is aiming to sanction an LNG export project by the end of 2023, according to CFO Alejandro Lew. YPF and Malaysian national oil company Petronas signed a memorandum of understanding on Sept. 1 to study the potential for an integrated liquefied natural gas export project in Argentina, home of the Vaca Muerta…

Global commodities trader Trafigura Group Pte. Ltd. has secured a $3 billion loan backed by the German government to help secure more natural gas for the country.  Trafigura would supply the gas to Germany’s Securing Energy for Europe (Sefe), a former Gazprom PJSC unit that the country nationalized and recapitalized earlier this year. The first…

Reflecting a spectrum of blue and orange temperature projections on weather maps at this early juncture in the season, natural gas forwards trading was mixed during the Nov. 23-Dec. 1 trading period. Strong gains for western markets countered declines throughout much of the eastern two-thirds of the Lower 48, NGI’s Forward Look data show. Fixed…

LONDON (ICIS) – Forecasts of colder temperatures in northeast Asia lifted the ICIS East Asia Index (EAX) on Thursday, in contrast to its downward trajectory throughout most of the week.

A potential obstacle to construct the proposed Rio Grande and Texas LNG facilities in South Texas has been cleared after an appellate court upheld a decision to dismiss a lawsuit over leases. The Thirteenth Court of Appeals, which serves the South Texas area, ruled that a trial court correctly dismissed a case against the Brownsville…

Freeport LNG Development LP said Friday that it now expects to restart its export terminal on the upper Texas coast sometime around the end of the year, pushing back a previous estimate for mid-December issued last month by roughly two weeks. Spokesperson Heather Browne said the company received several key regulatory approvals Thursday that “allow…

Europe’s newest natural gas pipeline entered full service this week, bringing Poland one step closer to eliminating its reliance on Russian supplies.  The Baltic Pipe, which connects systems in Denmark, Norway and Poland, entered partial service Oct. 1. The 350 Bcf line began full operation on Wednesday. “By constructing the new gas pipeline, we are…