LNG Insight

The spread between the European TTF and the East Asia Index (EAX) further narrowed in the past two weeks, as Asian demand rose, especially in south Asia and Japan. The market saw a flurry of Asian tenders for summer deliveries, narrowing the price spread.

The potential Canadian entry into liquefied natural gas (LNG) markets estimated it could need 2,500 Montney Shale wells to fill export facilities on the northern Pacific coast of British Columbia (BC). In the first 20 years of exports, NorthRiver Midstream NEBC Connector GP Inc. estimated the new drilling could spawn 313 kilometers (188 miles) of…

Following a supply deal in April, Italy plans to reduce reliance on Russian fossil fuels by investing in Algeria’s natural gas and green hydrogen and by expanding its import infrastructure with two floating storage and regasification units (FSRUs). Italy is one of Europe’s largest natural gas consumers. It has three LNG import terminals with a…

Pittsburgh International Airport, known to fliers by the three-digit code PIT, is stepping up its natural gas development partnership with Appalachian Basin-focused independent CNX Resources Corp. PIT and CNX last month launched another phase of their public-private partnership, which includes a revenue-sharing deal for CNX-operated Marcellus Shale wells on airport property and a 20-MW natural…

The Freeport liquefied natural gas (LNG) export terminal in Texas is expected to be offline for at least three weeks after an explosion rocked the facility Wednesday morning, dealing a blow to a global gas market already short on supplies. State and federal agencies, including the Pipeline and Hazardous Materials Safety Administration, are aiding Freeport…

Norway’s Equinor ASA plans to boost its liquefied natural gas (LNG) volumes for Europe by the end of the decade with a new sales and purchase agreement (SPA) with Cheniere Energy Inc. Houston-based Cheniere inked a 15-year contract for 1.75 million metric tons/year (mmty) to be delivered on a free-on-board basis.  Deliveries would be staggered,…

Mexico President Andrés Manuel López Obrador last week touted progress on numerous private and public sector energy projects under development in the country. On Thursday, the administration concluded meetings with 16 U.S. energy companies to discuss “matters of electricity as well as oil and gas,” the president told reporters during his morning press conference.  Among…

International benchmark Brent crude prices will average $140/bbl between July and September and hang near that level through the first half of next year, analysts at Goldman Sachs Group forecasted. That marks a substantial jump from their earlier call for global prices to average $125 in the third quarter. Prices may need to climb even…

An explosion that rattled the Freeport liquefied natural gas (LNG) export terminal in Texas on Wednesday was brought under control quickly, paving the way for an investigation into what caused the incident.  The explosion occurred at about 11:40 a.m. CT at the facility on Quintana Island, about 65 miles south of Houston, according to Freeport…