LNG Insight

ExxonMobil CEO Darren Woods on Tuesday made a compelling case for continuing to produce the globe’s natural gas and oil along with using technologies to eliminate emissions. Carbon capture and storage (CCS) may be one way to successfully sequester carbon dioxide (CO2) emissions from fossil fuel production, Woods said at CERAWeek by S&P Global. He…

TotalEnergies and its partners are moving forward with the front-end engineering and design process for a potential 4 million metric tons/year (mmty) expansion at the PNG LNG facility in Papua New Guinea. After completing feasibility studies for the project, TotalEnergies disclosed Tuesday that they were progressing plans to build an additional four trains at the…

Freeport LNG is now accepting more than 1 Bcf/d of feed gas, helping send total deliveries to U.S. export plants above 14 Bcf/d over the weekend for the first time ever. The Freeport terminal on the upper Texas coast has been ramping back up after federal regulators authorized partial service to resume at the facility…

As energy buyers and governments across the world try to balance climate goals and energy security during a period of high volatility, Bechtel Corp. CEO Brendan Bechtel said the growth of the LNG industry should serve as a model for how energy infrastructure investments can tackle multiple challenges at once. Virginia-based Bechtel has secured contracts…

BP plc’s Lower 48 onshore subsidiary BPX Energy Inc. has become the first U.S. major to certify the methane intensity of its entire natural gas production portfolio, according to nonprofit MiQ. Methane, the primary component of natural gas, is a potent greenhouse gas (GHG) that accounts for about 20% of anthropogenic GHG emissions globally, according…

The world’s natural gas markets are fundamentally changed for the long term with less dependence on Russia, Chevron Corp. CEO Mike Wirth said Monday. Wirth was the opening speaker in Houston at CERAWeek by S&P Global. CERAWeek Chairman Daniel Yergin joined Wirth on stage to kick off the week-long conference. The two men discussed how…

Chesapeake Energy Corp. has reached a tentative deal to supply Gunvor Group Ltd. with up to 2 million metric tons/year (mmty) of LNG from a U.S. liquefaction facility that the companies plan to jointly select.  Under a heads of agreement (HOA) announced Monday, Chesapeake would supply global commodity trader Gunvor with the super-chilled fuel for…

Gazprom PJSC was the largest contributor to Russia’s budget in 2022 despite a sharp drop in natural gas export volumes, but 2023 could prove more difficult as global prices have declined and the country searches for new customers to replace those lost in Europe. Although Russia’s LNG exports remained strong last year and are expected…

Natural gas forward prices escalated across the Lower 48 throughout the Feb. 23-March 1 period, with a continuation of winter storms fueling sharp premiums on the West Coast, according to NGI’s Forward Look. April forward prices remained low overall as benchmark Henry Hub stood Wednesday at $2.819/MMBtu. That has prompted some power generators to make…