LNG Insight

European natural gas prices continued their charge higher Tuesday, hitting levels not seen since March. The prompt Title Transfer Facility contract surged by 13% to settle above $59/MMBtu.

Click here to listen to the latest episode of NGI’s Hub & Flow podcast. Paul Cicio, CEO of the Industrial Energy Consumers of America (IECA), joins Jamison Cocklin, NGI’s senior editor of LNG, to discuss the role that rising LNG exports have had in pushing U.S. natural gas prices higher.  IECA represents thousands of energy-intensive…

The top executive of Range Resources Corp., one of the largest natural gas producers in the United States, said again on Tuesday that not enough is being done by the country to ease the global energy crisis.  “Energy policy will need to be rooted in market realities,” said CEO Jeff Ventura. “If infrastructure projects, mainly…

Ukraine’s natural gas transmission system operator (TSO) warned Tuesday of potential damage to one of the transit routes for moving Russian natural gas to Europe after reportedly detecting an unannounced change in pressure by Gazprom PJSC. Gas TSO of Ukraine reported a sharp increase in pressure on the Urengoy-Pomary-Uzhhorod (UPU) pipeline section on the border…

Lower 48 midstream giant Howard Energy Partners (HEP), through joint venture Dos Caminos LLC, plans to double its natural gas gathering, treatment and transport services in Texas to 2 Bcf/d as it eyes opportunities for LNG and Mexico exports.  The expansion, planned in the Austin Chalk formation and Eagle Ford Shale in South Texas, would…

The Port of Corpus Christi in South Texas, with an expansion project nearing completion, moved a record 46.4 million tons in the second quarter, it said Monday. Driven by growth in crude and refined products, along with LNG and dry bulk cargo, the port’s tonnage in the quarter surpassed the prior record set in 4Q2021…

Russia’s Gazprom PJSC said Monday that it would again reduce flows on the Nord Stream 1 (NS1) pipeline to take another turbine out of service for repairs, further cutting deliveries to Europe where prices soared on the decision.  The company said deliveries on the 745-mile, 6 Bcf/d link between Russia and Germany would be cut…

Mexico’s state utility Comisión Federal de Electricidad (CFE) has clinched some preliminary agreements for LNG and natural gas infrastructure projects with Sempra Infrastructure, including a potential joint venture. The liquefied natural gas and energy infrastructure arm of San Diego-based Sempra may create a partnership with CFE to reroute the Guaymas-El Oro pipeline in Sonora under…

With stifling heat and high humidity spreading across the Eastern Seaboard, natural gas forward prices in New England raced higher with pipelines tapped out and unable to move additional supply to the region. Fixed prices for August soared $1.86 for the trading period through Wednesday (July 21) to reach $8.236/MMBtu at the Algonquin Citygate, a…