LNG Insight

TC Energy Corp. is working to expand natural gas takeaway capacity from the Western Canadian Sedimentary Basin (WCSB) amid record demand for the fuel across North America, management said. CEO François Poirier hosted a conference call last Friday to discuss the Calgary-based pipeline giant’s first quarter earnings. He was joined by Greg Grant, president of…

ExxonMobil’s natural gas, crude, power and petroleum products trading as of June 1 will become “one centralized trading organization for the whole corporation,” able to stand with any global competitor, CEO Darren Woods said Friday. The new Global Trading arm has been in the works in some form or fashion since 2018, Woods said during…

With late spring cold waning, but convincing signs of early summer heat absent from the latest forecasts, regional natural gas forwards lost ground during the April 20-26 trading week, NGI’s Forward Look data show. Henry Hub fixed prices for June delivery gave up 9.0 cents for the period to finish at $2.132/MMBtu. Fixed price discounts…

TotalEnergies SE said its LNG sales slipped in the first quarter as a result of lower spot volumes linked to a decline in European demand during a mild winter. The company, a major global liquefied natural gas player, reported selling 11 million tons of the super-chilled fuel during the period, down 13% sequentially and 17%…

Jera Co. Inc. has signed on as an offtaker from Venture Global LNG Inc.’s CP2 export project under development in Cameron Parish, LA.  Jera, Japan’s largest power company, has agreed to buy 1 million metric tons/year (mmty) of liquefied natural gas from CP2. Jera would buy the super-chilled fuel for a term of 20-years on…

More than a year after the invasion of Ukraine, it still remains unlikely that Russia will regain its role as the European Union’s (EU) leading natural gas supplier, but an eventual increase in the country’s exports to the continent isn’t out of the question.  A top supplier to the EU, Russia exported about 140 billion…

Germany’s Uniper SE and Finland’s Fortum Ojy disclosed Russia has seized their subsidiaries in the country and placed them under federal control. President Vladimir Putin signed an executive decree Tuesday allowing Russia’s state property management agency to control Uniper’s Unipro and Fortum’s PAO Fortum. Both companies operate power plants in Russia and are majority owned…

Natural gas and LNG operators have been asked by the Biden administration for information about how the technologies they are using – or plan to deploy – will reduce carbon emissions from production, transportation and liquefaction.  In a request for information (RFI) issued on Tuesday, the Office of Fossil Energy and Carbon Management (FECM) said…

NextDecade Corp. CEO Matthew Schatzman said this week that FERC’s order reaffirming its approval for Rio Grande LNG was a crucial milestone that’s likely to vault sanctioning of the project across the finish line. “This was a strong order,” Schatzman told NGI in an interview this week days after the Federal Energy Regulatory Commission made…