LNG Insight

The Biden administration has created a new cabinet-level Methane Task Force to accelerate emissions reductions from the oil and gas industry. The announcement was part of the first-ever White House Methane Summit held last week. Methane, the primary component of natural gas, is a potent greenhouse gas with 80 times the near-term warming potential of…

Uniper SE, Germany’s largest natural gas buyer, said Tuesday it would invest nearly $9 billion through 2030 to accelerate its transformation into a “greener company” less than a year after it was nationalized amid one of the worst energy crises in Europe’s history.  The newly appointed management team said it would invest for a “massive…

Europe has a better forecast for natural gas storage ahead of this coming winter, but it’s too soon to say whether the continent is fully prepared, BP plc CEO Bernard Looney said Tuesday. During the conference call to discuss second quarter results, Looney said the weather, as usual, will be the deciding factor.  Regarding Europe’s…

Despite sweltering heat waves and a slight lift in European prices, LNG market activity is expected to remain light as buyers and U.S. producers hone in on the future supply and demand scenario. After a brief climb to almost $11/MMbtu last week, the Dutch Title Transfer Facility (TTF) dropped to $8.705/MMBtu at the end of…

European Commission (EC) officials have called the bloc’s Aggregate EU joint natural gas purchasing platform a success after closing the second tender, but market participants and analysts are still calling for more information around contracts. Out of the nearly 12 Bcm matched in the second tender, liquefied natural gas accounted for 5.5 Bcm and the…

Federal energy regulators have issued a positive final environmental impact statement (FEIS) for Venture Global Inc.’s Phase 2 expansion of Calcasieu Pass LNG (CP2), concluding it would have limited environmental impacts. “This is a major regulatory milestone for the project that puts us on track for a Commission vote and the commencement of construction later…

With dangerous heat leaving California electric grid operators struggling to meet heightened demand, natural gas forward prices in the southern part of the state rallied sharply from July 20-26, according to NGI’s Forward Look. Daytime temperatures have lingered at or above the century mark for most of July in parts of California, driving up cooling…

Antero Resources Corp. management is “positive on the natural gas market” as future LNG demand could “provide support,” CEO Paul Rady said Thursday.  During the second quarter conference call to discuss results, Rady said the independent is preparing for a build out of more Gulf Coast liquefied natural gas facilities.  Antero sells its Appalachian gas…

TotalEnergies SE is on the hunt for more opportunities for affordable LNG like its recent grabs in the United States as Europe’s energy volatility and rising costs are likely to persist. Despite Europe’s falling oil and natural gas prices during the second quarter, CEO Patrick Pouyanné said “tensions” in the global gas market will mean…