LNG Insight

Natural gas forward prices remained largely range bound in mid-July, but blazing heat out West led to huge, double-digit gains in the region for the rest of summer. Still, with a persistently large storage surplus and lackluster cooling demand across most of the rest of the country, August fixed prices averaged a moderate 11.0 cents…

U.S. LNG exports could reach 13.3 Bcf/d next year as developers prepare to launch the initial phases for two large-scale projects on the Gulf Coast, according to the Energy Information Administration (EIA). As the supply of liquefied natural gas took a global spotlight last during after Russia’s invasion of Ukraine, U.S. export projects also garnered…

The Louisiana Department of Environmental Quality (DEQ) has ordered Venture Global LNG Inc. to better comply with its air permits and state regulations after a series of unauthorized emissions occurred at its Calcasieu Pass export terminal last year. The company could face steep fines following a compliance order and notice of potential penalty DEQ issued…

The United States is likely to become the world’s largest LNG exporter this year, according to the International Group of Liquefied Natural Gas Importers (GIIGNL). The United States added 8.4 million tons (Mt) of new volumes to global supply last year, or nearly one-half the 16.9 Mt added by other LNG producers across the world,…

The story, “NextDecade’s $18.4B Path to FID Weighing on Prospects for Other U.S. LNG Export Projects,” incorrectly stated management’s expectations for costs related to the second phase of the Rio Grande LNG project. Management at the company believes the second phase will generate more value and cost less to build than the first. Now that…

Lower natural gas prices have reduced drilling activity in the Lower 48, but expect that to change by next year as LNG export projects advance and more supply heads south of the border, Liberty Energy Inc. CEO Chris Wright said Thursday. Denver-based Liberty, one of the top hydraulic fracturing (fracking) operators in North America,  second…

Australia could lose long-term LNG supply contracts with Japan under recent government policy changes over the past several months that appear to undermine the country’s natural gas industry. Under the Australian Domestic Gas SafeGuard Mechanism (ADSGM) passed earlier this year, the government is allowed to divert liquified natural gas feedstock to meet domestic demand, and…

NextDecade Corp.’s recent decision to move ahead with the Rio Grande LNG project in South Texas came with a staggering $18.4 billion price tag that could ultimately rise further as five export projects are now underway along the Gulf Coast.  The company crossed the finish line by completing what it said was the “largest greenfield…

Feed gas nominations to Cheniere Energy Inc.’s Sabine Pass export terminal in Louisiana bounced back to 4.2 Bcf/d Wednesday after falling by 600 MMcf/d Tuesday.