LNG Insight

Widespread gains for the scorching West the notable exception, regional natural gas forwards generally skidded lower during the July 27-Aug. 3 trading period, NGI’s Forward Look data show. For western U.S. hubs, enduring summer heat and an ongoing regional storage deficit put upward pressure on the late-injection-season contract months week/week. SoCal Citygate fixed prices jumped…

Midstream giant Williams executives see strong levels of natural gas production enduring as global LNG demand is poised to further mount in coming years. The Tulsa-based company’s chief executive said producers, while trying to contain expenses amid a prolonged bout of low prices, want to maintain output momentum ahead of a years-long expansion of liquefied…

Asian natural gas consumption is the foundation upon which the LNG industry has been built.

ConocoPhillips agreed Thursday to buy 2.2 million metric tons/year (mmty) of LNG from Mexico Pacific Ltd.’s (MPL) Saguaro Energia export terminal planned for the country’s west coast, pushing the project closer to a final investment decision (FID). MPL CEO Ivan Van der Walt said ConocoPhillips’s commitment pushed the company’s sales volumes for trains one and…

Energy Transfer LP plans to restart the permitting process with the Department of Energy (DOE) for its proposed Lake Charles LNG project as it seeks to capitalize on new momentum from offtakers and equity partners. During a second quarter earnings call, Co-CEO Tom Long told analysts the company has been in “discussions” with DOE following…

Cheniere Energy Inc. loaded fewer LNG cargoes in the second quarter amid a heavy stretch of maintenance and slightly weaker international demand. The company loaded 149 cargoes, or 536 TBtu, of the super-chilled fuel during the quarter, down from 156 cargoes, or 563 TBtu, in the year-ago period.  While international demand for liquefied natural gas…

The uncertain direction of natural gas and oil prices during the second quarter led to an “underlying sense of apprehension” by oilfield services (OFS) companies, but there are signs that business will get better before the end of the year and improve through 2024 as customers prepare for more U.S. LNG exports. Several of the…

The European Union’s (EU) energy regulatory agency is asking LNG market participants to more consistently share information about transactions in the bloc to improve price assessments, or they could be reported for noncompliance. The EU Agency for the Cooperation of Energy Regulators (ACER) has been reporting its liquefied natural gas benchmark price since April after…

Chesapeake Energy Corp. executives said Wednesday they expect to announce more deals tied to the LNG market as the company aims to expose 15-20% of its natural gas production to international trade of the super-chilled fuel.  Earlier this year, Chesapeake clinched a tentative arrangement with global commodities trader Gunvor Group Ltd. to supply up to…