LNG Insight

Natural gas and electricity prices in Europe continued to rise to new highs as Germany entered the “alert” phase of its emergency plan in response to reduced Russian flows and liquefied natural gas (LNG) imports. Germany’s Robert Habeck, minister for economic affairs and climate action, addressed the move Thursday, warning that impending gas shortages could…

Venture Global Inc. on Wednesday announced its second offtake agreement in a week for its pair of proposed Louisiana liquefied natural gas (LNG) projects. Chevron Corp. also moved to expand its LNG portfolio. The Arlington, VA company said Chevron agreed to two 20-year sales and purchase agreements (SPA) for a combined 2 million metric tons/year (mmty).…

The natural gas industry has shown renewed affection for the natural gas-rich Haynesville Shale, but darker times may lie ahead unless proposed takeaway projects move forward, according to an analysis by Wells Fargo Securities. The analyst team, led by managing director Michael Blum, outlined two scenarios under which additional infrastructure would be needed in the…

Cheniere Energy Inc. said Wednesday it made a positive final investment decision (FID) to expand its Corpus Christi liquefied natural gas (LNG) export terminal in South Texas.  The project would add seven midscale liquefaction trains and 10 million metric tons/year (mmty) of capacity at the facility as global demand for LNG surges. “Reaching FID on…

A subsidiary of Sempra has potentially netted another offtaker for two of its proposed Gulf Coast liquefied natural gas (LNG) projects as a European chemical manufacturer moves to secure natural gas supply. Sempra Infrastructure, the LNG and renewable infrastructure arm of the San-Diego based company, said it had a 1.4 million metric ton/year (mmty) heads…

The Royal Caribbean Group has selected The Woodlands, TX-based Eagle LNG Partners LLC to refuel its new class of cruise ships powered by liquefied natural gas (LNG) throughout the Caribbean. As a result, Eagle said it would debut “multiple purpose-built” vessels for LNG bunkering, or refueling, operations that would be located in the region. The…

ExxonMobil said Tuesday it would invest in a $29 billion project that would boost Qatar’s liquefied natural gas (LNG) capacity from 77 million tons to 110 million tons annually. The deal comes at a time when demand is soaring, particularly in Europe, amid Russia’s war in Ukraine. The Irving, TX-based supermajor joined other international energy…

Venture Global LNG Inc. has secured a 20-year sales and procurement agreement (SPA) for a combined 1.5 million metric tons/year (mmty) from its two Louisiana natural gas export facilities with one of Germany’s largest energy firms.The SPA clinched by the Arlington, VA-based liquefied natural gas (LNG) infrastructure company is with EnBW Energie Baden-Württemberg AG. EnBW…

The American Petroleum Institute (API) has put forth a 10-point policy plan it wants the Biden administration to adopt to promote U.S. oil and natural gas production – and ease the global energy crisis. “As energy costs and geopolitical instability around the world continue to rise, API is calling on policymakers to confront the global…