LNG Insight

Shell plc expects to see a sharp rebound in the value of its natural gas and oil portfolio when the second quarter results are published, as the long-term outlook for commodity prices and demand soar, the London-based major said Thursday. In a preview of its second quarter results, scheduled to be issued on July 28,…

FERC has suspended its environmental review of the CP2 liquefied natural gas (LNG) export project in Louisiana and a pipeline that would feed it, citing a lack of information to complete the process. The Venture Global LNG Inc. project had been scheduled to receive a draft environmental impact statement (EIS) this month and a final…

Natural gas consumption is expected to grow slowly over the next three years, limited by Russia’s war in Ukraine and the turmoil it’s caused for global energy markets, according to the International Energy Agency (IEA). Russia has limited exports to its largest buyers in Europe, which has helped to push natural gas prices to record…

New Fortress Energy Inc. has announced plans to spin-off the majority of its midstream liquefied natural gas business (LNG) into a new joint venture with Apollo Global Management Inc. as it focuses on its own Fast LNG infrastructure. New York-based NFE disclosed its plans to sell 11 LNG assets to the new joint venture in…

Another crisis for Europe’s gas market was avoided late Monday after the Norwegian government intervened to stop a strike that could have significantly cut production from some of the country’s most critical gas fields. Norway’s Labor Ministry announced late Tuesday that the government took emergency action to intervene in the flagging negotiations between the Lederne…

The European Parliament voted in favor on Wednesday of accepting the proposal by the European Commission (EC) to classify new natural gas and nuclear power projects as “green.” The classification would allow for subsidies and low-cost loans for natural gas and nuclear projects deemed environmentally sustainable. “This vote is important recognition of our pragmatic and…

European natural gas prices hit their highest point in months on Tuesday, extending a series of gains as the continent continues to face the threat of supply shortages on a number of fronts. A prolonged shutdown of the Freeport liquefied natural gas (LNG) export terminal in the United States, reduced flows from Russia on the…

NextDecade Corp. announced its third long-term contract with a Chinese company for liquefied natural gas (LNG) offtake as it prepares to possibly sanction the first two trains of its Rio Grande LNG project this year. Houston-based NextDecade disclosed Tuesday it has clinched a 1.0 million metric ton/year (mmty), 20-year sales and purchase agreement (SPA) with…

As demand destruction from the Freeport liquefied natural gas (LNG) terminal outage continued to loosen balances, strong summer heat failed to prevent natural gas forwards from falling during the June 23-29 trading period. Fixed prices for August delivery at benchmark Henry Hub tumbled 37.4 cents during the period to average $6.499/MMBtu, NGI’s Forward Look data…