Tellurian Inc. has made another executive leadership change, this time choosing to part ways with its CEO, as it tries to fast track development of its Driftwood LNG project. The Houston-based company has been awash in personnel and strategy shifts since December, when its board of directors moved to dismiss co-founder and executive chairman Charif…
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South, Southeast Asian Importers Poised to Drive Growth in New Normal for Global LNG Market – Column
The last few months have seen the European natural gas market enter a new phase of its post-Ukraine invasion existence.
Commonwealth LNG Pushes Potential FID into 2025 as DOE Pause Adds Uncertainty
A final investment decision (FID) for Commonwealth LNG will have to wait until next year, or even later, as Gulf Coast export project developers continue to adapt to the fallout of the Department of Energy’s (DOE) indefinite authorization pause. Commonwealth LNG LLC, currently developing a self-named export facility near Cameron, LA, was previously expected to…
Lofty Natural Gas Storage Levels Keeping Ceiling on U.S. Prices – For Now
Natural gas in U.S. storage remains swollen, reflecting an exceptionally mild winter and record levels of production. The one-two punch weighed on prices through most of the heating season and raised concerns about an enduring bear market. Yet elevated supplies in storage may ultimately lose much of the current bearish bite. Prices see-sawed over the…
U.S. Production Cuts Help Lift European Natural Gas Prices – LNG Recap
European natural gas prices continued climbing higher on Tuesday, lifted partly by the largest U.S. gas producer’s decision to curb output significantly this quarter. The Title Transfer Facility (TTF) gained across the curve, with the prompt month adding another 4% to finish about a quarter shy of $9/MMBtu on Tuesday. EQT Corp.’s announcement on Monday…
U.S. Natural Gas Salt Storage Projects Stage Comeback as LNG, Renewables Drive Demand
More than a decade after its last large build-out, natural gas salt dome storage is undergoing a revival along the Gulf Coast as LNG exports and renewables raise demand and prices for the flexible storage option. In February, Gulf Coast Midstream Partners LLC (GCM) filed with Texas regulators to build the region’s first greenfield salt…
More Israeli Natural Gas Could Reach Global Markets Via Egyptian LNG Facilities
Natural gas output from Israel is again poised to increase as Chevron Corp. and its partners plan to invest more in the Tamar field, raising prospects for additional Eastern Mediterranean volumes to reach the global market via Egyptian liquefaction facilities. Tamar’s production is set to go from 1.2 Bcf/d to nearly 1.6 Bcf/d now that…
Canadian Natural Delivers Record Natural Gas Output, with LNG Canada Ramp in Sight
Calgary-based Canadian Natural Resources Ltd. achieved record natural gas production during 2023, up 3% year/year and 5% higher during the final three months of the year. Besides breaking gas production records, with an average 2.23 MMcf/d in 4Q2023 and 2.15 Bcf/d for the year, the explorer also topped previous oil output records. During a conference…
NGI’s LNG Insight Service Changes: Access More NGI-Trusted News & Data
Effective April 1, 2024, all of the news, data and charts in NGI’s LNG Insight will be included in a new and expanded NGI’s Daily Gas Price Index service. You will receive full access to the merged product, including the e-newsletter, web and PDF versions. You do not need to take any action.
Dip in Output Promotes Some Strengthening Along 2024 Natural Gas Forward Curves
Regional natural gas forward curves offered hints of a market climbing out of the doldrums for the upcoming injection season, even as many hubs held flattish week/week for April delivery, NGI’s Forward Look data show. Fixed prices at Henry Hub for April delivery added 2.2 cents for the Feb. 22-28 trading period to reach $1.897/MMBtu,…