LNG Insight

Williams capitalized on heightened natural gas price volatility and recorded all-time high gathering volumes during the first quarter, countering the unfavorable impacts of a harsh winter on its gathering system in the West. Management credited the success of marketing arm Sequent Energy Management LP, purchased in 2021, in optimizing the assets in its base business.…

ConocoPhillips raised its full-year 2023 production forecast after achieving record output domestically and worldwide during the first three months of the year.  The company is targeting full-year 2023 production of 1.78-1.80 million boe/d, a 10,000 boe/d increase at the midpoint from previous guidance. This would be up from full-year production of 1.74 million boe/d recorded…

As New Fortress Energy Inc. targets deploying its first Fast LNG unit in the waters offshore Mexico’s eastern coast by June, it’s unveiled new plans to move the successive phases of Altamira LNG to land. For the past several years, the liquefied natural gas vessel firm has been working to become a fuel supplier through…

Natural gas forward markets continued to face fierce headwinds in early May, with prices selling off sharply through 2024, according to NGI’s Forward Look. Henry Hub paved the way as June forward prices fell 25.0 cents from April 27-May 3 to reach $2.172 and the balance of summer (June-October) slid 21.0 cents to $2.390, Forward…

Malaysia is aiming to increase LNG capacity to 55 million metric tons/year (mmty) by 2030 with state-owned Petronas spearheading plans to expand domestic projects and find new supply sources abroad. Petronas, which reported record high earnings in March, has designated $13.5 billion for natural gas and oil developments over the next four years. A significant…

Oneok Inc. is still targeting a final investment decision (FID) by mid-year on the proposed 2.8 Bcf/d Saguaro Connector natural gas pipeline, which would transport natural gas from the Waha hub in West Texas to the Mexico border. The pipeline, if sanctioned, would serve the Saguaro LNG export terminal proposed by Mexico Pacific Ltd. LLC…

As a large swath of long-term and shorter LNG contracts are set to expire by the end of the decade, buyers could see a future global natural gas market that is both more physically flexible and financially complex. By 2030, long-term and short-term contracts covering around 195 million tons (Mt) of liquefied natural gas could…

Sempra Infrastructure could delay a final investment decision (FID) to expand the Cameron LNG facility in Louisiana to avoid further impacts from a mounting labor and supply crunch for projects on the Gulf Coast. The liquefied natural gas infrastructure unit of San Diego-based Sempra had been targeting the completion of a competitive front-end engineering and…

Shell plc used its global energy trading prowess in the first quarter to offset the impact of low commodity prices, with Australia LNG output lifting overall production. The No. 1 global natural gas trader delivered a “robust operational performance, against a backdrop of ongoing volatility, while continuing to provide vital supplies of secure energy,” CFO…