LNG Insight

ExxonMobil’s ability to invest through the pandemic enabled the supermajor to ramp up supply quickly as demand soared this year, with Permian Basin and LNG supply expanding, CEO Darren Woods said Friday. On the back of the Permian and a flood of investments in Guyana and liquefied natural gas projects worldwide, ExxonMobil’s deep pockets have…

TC Energy Corp. expects to see its natural gas infrastructure capacity in North America, and especially in Mexico, expand in the next several years as short-term demand and the global thirst for LNG accelerate. The Calgary-based pipeline firm currently transports about 25% of feed gas exported in the United States as liquefied natural gas and…

Norway plans to increase natural gas production through the summer to help meet European Union (EU) demand and fill the void left by declining Russian deliveries.   Equinor ASA said its Norwegian exports to the rest of Europe increased by 18% year/year in the second quarter. Norway is Europe’s second largest gas supplier behind Russia, which…

EQT Corp. CEO Toby Rice said Thursday natural gas pipeline capacity in the Appalachian Basin has “hit the wall,” motivating the company to pursue LNG export opportunities on the East Coast. “We are looking at ways to catalyze East Coast liquefied natural gas, which could have meaningful ramifications to our Appalachia production long-term,” added CFO…

Commodity prices are likely to remain high into 2023 with tight global natural gas and oil supply, strong demand and short refining capacity, Shell plc CEO Ben van Buerden said Thursday. Strong natural gas and power trading, along with higher refining margins, lifted the London-based major to its second consecutive record quarter in 2Q2022. Van…

Further cuts of Russian natural gas pipeline volumes to Europe could be casting shadow on the European Union’s (EU) ambitious winter storage goals as governments on the continent warn of impending shortfalls. Russia’s Gazprom PJSC cut natural gas deliveries on Nord Stream 1 (NS1) to 20% of capacity Wednesday, blaming overdo maintenance on turbines feeding…

The Atlantic hurricane season is underway, and the U.S. natural gas industry is taking extra measures this year to be better prepared for major storms that could have far-reaching impacts amid lower domestic storage inventories and tight global energy markets.  “For the global gas market, the stakes are higher with Freeport LNG offline, especially given…

Gazprom PJSC’s natural gas production has dropped 10.4% since January, dragged down by a steep cut in pipeline exports to Europe, which have fallen by 33.1% so far this year. The company has boosted exports to China.  Russia produced 249.7 billion cubic meters (Bcm) between Jan. 1 and July 15, down by 29.1 Bcm compared…

The hot summer of long-term LNG supply contracts for U.S. exporters is continuing this week with another pair of separate sales and purchase agreements (SPA) by Cheniere Energy Inc. and NextDecade Corp. A Cheniere subsidiary secured a 1 million metric tons/year (mmty) SPA for liquefied natural gas with Thailand’s PTT Public Co. Ltd. (PTT). Houston-based…