LNG Insight

Venture Global LNG Inc. reportedly won’t start commercial operations at its Calcasieu Pass export terminal in Louisiana until the end of 2024, delaying cargoes it’s required to load for long-term customers until it reaches that milestone, according to Bloomberg. The report cited anonymous sources to say the previous delay would be extended by nearly a year.

European Union (EU) natural gas storage levels could reach 90% capacity by the end of August, or two months ahead of the Nov. 1 target set by regulators, leaving Europe with too much gas and a shortage of space underground to store any more.  As a result, an offer from Ukraine earlier this year to…

With binding commercial agreements in hand, Kinder Morgan Inc. (KMI) and Howard Energy Partners (HEP) have begun expanding their Eagle Ford Shale natural gas transportation systems to deliver up to 2 Bcf/d by year’s end to Gulf Coast markets. Kinder Morgan Tejas Pipeline LLC and HEP’s joint venture Dos Caminos LLC said Wednesday they had…

Energy Transfer LP (ET) late Wednesday said it secured three heads of agreements (HOA) to supply 3.6 million metric tons/year (mmty) of LNG from its proposed Lake Charles export project in Louisiana. If the tentative deals are finalized, it would mark a significant step toward securing the customers needed to advance amid broader regulatory challenges…

Venture Global LNG Inc. could be facing more legal proceedings from contract holders as the prolonged commissioning process of its Calcasieu Pass LNG facility continues to drag on. Shell plc and BP plc reportedly have filed for arbitration with Venture Global at the London Court of International Arbitration (LCIA) for failing to supply the firms…

NextDecade Corp. has officially reached a final investment decision (FID) and given a notice to proceed on construction of the first phase of its Rio Grande LNG (RGLNG) facility. The Houston-based company disclosed Wednesday afternoon that it had secured $18.4 billion for the 17.6 million metric ton/year (mmty) first phase, making it what the company…

A group led by the Sierra Club has filed federal lawsuits challenging FERC’s decision earlier this year to reaffirm its approval of the Rio Grande and Texas LNG export projects as they continue a fight to stop the proposed facilities from advancing. The environmental group was joined by the city of Port Isabel and the…

Kansas-based Black & Veatch has been awarded an engineering contract with the Ksi Lisims LNG export project proposed for the northern Pacific coast of British Columbia (BC). The assignment, in cooperation with Samsung Heavy Industries Co. Ltd., covers front-end engineering and design (FEED) for the proposal to use a floating liquefied natural gas (FLNG) plant…

Henry Hub spot natural gas prices, on track to rise 19% month/month to average near $2.60/MMBtu in July, should continue to climb through the rest of 2023 amid strong power demand and flat production, according to updated modeling from the U.S. Energy Information Administration (EIA). Flat domestic production and a year/year increase in natural gas…