LNG Insight

Natural gas rose to the top of the Alberta government’s economic recovery agenda in a plan announced Tuesday to reverse supply/demand declines that set in well before the Covid-19 pandemic. “For more than 100 years, natural gas has been the cornerstone of Alberta’s energy economy,” said a provincial policy paper titled “Getting Alberta Back to…

Ukraine has so much natural gas in storage that it could export its own supplies to other European nations this winter, the country’s transmission system operator said this week.  Ukrtransgaz JSC, which manages the largest storage capacity available in Europe, said it entered October with about 28 billion cubic meters (Bcm) of natural gas in…

A roundup of news and commentary from NGI’s LNG Insight Tropical Storm Delta has strengthened into a Category 4 hurricane and is charging toward the Gulf Coast. While it’s expected to weaken, the storm is forecast to make landfall just east of the Hackberry, LA-located Cameron LNG plant later this week, threatening additional disruptions. “A…

Increased domestic and international demand for natural gas as winter weather settles in, combined with continued light production levels, will drive Henry Hub spot prices to a monthly average of $3.38/MMBtu in January, the Energy Information Administration (EIA) said Tuesday. In the latest Short-Term Energy Outlook (STEO), the agency said it expects monthly average spot…

A liquefied natural gas (LNG) tanker is berthed at Sempra Energy’s Cameron LNG in Louisiana after arriving on Sunday more than 40 days after the facility received its last vessel. The SK Audace is berthed at the terminal, according to ClipperData. The last vessel to arrive there was the Diamond Gas Rose on Aug. 23,…

Chevron Corp. said Monday that it has completed its acquisition of Noble Energy Inc. after Noble’s shareholders approved the transaction last week. Chevron in July clinched a definitive agreement in an all-stock transaction worth $5 billion that carried a total enterprise value, including debt, of $13 billion. The transaction, which at the time valued Noble…

The United States forged new formal ties with Israel and the United Arab Emirates (UAE), agreeing to collaborate and leverage shared research and technology to develop oil and gas as well as renewable energy sources, the countries’ top energy officials said. The deal followed Israel’s agreements in recent weeks to normalize relations with the UAE,…

All claims to the contrary, the oil and gas industry is not dying a slow death, with the outlook for U.S. exports looking strong long term, according to one of the energy world’s leading thought leaders. Master storyteller Daniel Yergin, more often the inquirer, had much to share with NGI in a recent conversation about…

French supermajor Total SE aims to transform itself over the next decade by building its reach in the “two fastest growing energy markets,” liquefied natural gas (LNG) and electricity, the CEO said. In presenting the Paris-based operator’s long-range strategy on Wednesday, CEO Patrick Pouyanné said the thrust is similar to other European-based majors. The outlook…