LNG Insight

Energy Transfer LP has filed a request for rehearing with the U.S. Department of Energy (DOE) after the agency denied an export authorization extension last month for the company’s proposed Lake Charles LNG project in Louisiana. In the filing, officially published by the DOE Monday, Energy Transfer’s lawyers asked that the agency reconsider its April…

TotalEnergies SE said Tuesday that Mozambique LNG project sponsors would establish a $200 million foundation for socio-economic development in the province of Cabo Delgado to better stabilize the region where the export plant would be located.  Work on the $20 billion project was suspended in 2021 amid a rise in violence from militants with ties…

Production has resumed at the 1.7 Bcf/d Cameron LNG facility in Louisiana. Spokesperson Anya McInnis said annual maintenance on Train 2, which began April 28, has been completed. NGI data showed feed gas deliveries to the terminal increased Tuesday.

A $20.12 billion international damage claim has been claimed against the Canadian government for the regulatory rejection of Quebec LNG project Energie Saguenay, a decision the United States-based owner called “discriminatory.” Ruby Capital LLC is seeking to regain $120 million of regulatory costs and $20 billion of lost profits, as detailed in a 56-page request…

Germany’s government is moving to site another floating storage and regasification unit (FSRU) as the volume of U.S. natural gas entering the country reaches new heights. In a recently approved bill, Germany’s Federal Ministry for Economic Affairs and Climate Action amended plans to ramp up short-term LNG import capacity by including an FSRU terminal at…

Weak industrial demand and mild weather pushed European natural gas prices even lower on Monday after seven straight weeks of losses. The prompt Title Transfer Facility (TTF) contract fell below $10/MMBtu last week for the first time since June 2021 and stayed there Monday after falling another 1.5%. If prices continue to fall to near…

Heads of state from the Group of Seven (G7) economically advanced nations emphasized the need to “accelerate the phase out of our dependency on Russian energy” in a statement this weekend at the conclusion of a summit held in Hiroshima, Japan. Stressing “the global impact of Russia’s war on energy supplies, gas prices and inflation,…

With a sharp decline in upstream activity foreshadowing a potential curtailment in domestic production, and with summer cooling demand just around the corner, natural gas forwards rallied during the May 11-17 trading period, NGI’s Forward Look data show. Week/week fixed price gains of 20 cents or more were widespread throughout the Lower 48; benchmark Henry…

North American natural gas demand is likely to grow by roughly 25% over the next 10 years and stay resilient through 2050 as the world shifts to lower-carbon energy, according to new projections from Wood Mackenzie. LNG exports are expected to drive the incremental demand, which will largely be supplied through continued growth in associated…