LNG Insight

Freeport LNG Development LP said Wednesday it has reached a consent agreement with federal regulators, keeping it on track to return its export facility on the Upper Texas Coast to full service by the end of the year.

As Europe tries to meet winter storage goals with further restricted flows of Russian natural gas volumes, Asian LNG prices are on the rise again as buyers from the region add pressure to an already tight global market. Since before Russia’s February invasion of Ukraine, European buyers have been swaying cargoes of liquefied natural gas…

BP plc’s Lower 48 natural gas production jumped in the second quarter, with Haynesville Shale investments offering a “very, very quick payback,” CEO Bernard Looney said Tuesday. Looney and his executive team discussed the strong quarterly results and the outlook through the end of the year during a conference call.  With Russia shorting gas supply…

European natural gas prices surged again on Monday as Russia ratcheted up tensions by cutting off supply to another customer and the Kremlin sowed further doubts about equipment needed to boost flows on Nord Stream 1 (NS1).  Gazprom PJSC said Saturday that it has stopped delivering natural gas to Latvia “due to violation of the…

Chart Industries Inc. expects more LNG terminal customers to sanction large-scale and modular projects in the near term, increasing its already sizable list of orders, as exporters rush to meet skyrocketing demand for natural gas. Ball Ground, GA-based Chart reported to investors last week it broke records across the board during the second quarter, recording…

TotalEnergies SE boosted its energy output in the second quarter to help fill the shortfall in Russian oil and natural gas supplies, reaping the benefits of soaring commodity prices in the process. “Russia’s invasion of Ukraine continued to impact energy markets in the second quarter, with oil prices averaging more than $110/bbl in the quarter,…

As the role of LNG exports looms larger, Enbridge Inc. agreed to invest in a potential Canadian project and continue to pair its extensive natural gas networks with terminal projects. Calgary-based Enbridge increased its market share of natural gas transportation to cover 20% of the volumes exported from North America. CEO Al Monaco said the…

Natural gas basis prices for August skyrocketed across the Southeast during the trading period ending July 27 as searing heat ratcheted up cooling demand, NGI’s Forward Look data showed. The massive premiums occurred on top of surging fixed forward prices across North America. Henry Hub August fixed prices jumped 76.0 cents through the period to…

LONDON (ICIS) — Russia stepped up its curtailment of gas flows to Europe this week, in a move designed to be the dominating factor in the market. The impact was palpable as the ICIS TTF front-month gas price, the global benchmark, rose by 30% over the last seven days, with little indication of a significant fall back as long as current market conditions persist.