LNG Insight

Pipeline and environmental projects will fire up 2023 into a growth year in Canadian natural gas and oil investments, according to a major industry trade group. The Canadian Association of Petroleum Producers (CAPP) is forecasting investments totaling US$30 billion total this year, up by $3 billion from 2022. “The year 2023 may be one of…

The European Union (EU) is on track to start joint natural gas purchases before the summer, with most member states and some nonmember states indicating the assistance they will need to refill storage inventories ahead of next winter, said European Commission (EC) Vice President Maroš Šefčovič. Šefčovič in a press briefing on Thursday said after…

Italian engineering contractor Saipem SpA said this week it has agreed to restart work in July on TotalEnergies SE’s Mozambique LNG project. The 12.9 million metric tons/year project was suspended in 2021 amid rising violence in the area.

The International Energy Agency (IEA) anticipates that price volatility and intense competition over LNG volumes could heat up again this year despite months of falling prices, but the outlook is still “highly uncertain,” especially when it comes to Chinese demand. Europe’s rush to fill winter storage and replace Russian pipeline flows last year with pricey…

With its backlog of developing LNG terminal projects hitting successive milestones over the past year, Sempra Infrastructure is poised to make two final investment decisions (FID) this year while gauging interest for the next phase of its Texas project. The infrastructure and liquefied natural gas arm of San Diego-based Sempra previously disclosed last year that…

To help Europe replace gas supplies cut by Russia, France’s liquified natural gas (LNG)  imports nearly doubled last year, as the country delivered four times as much pipeline gas to neighboring European countries compared to 2021.  “France is stepping up its role as a point of entry and transit country for supplying Europe with gas,”…

Gunvor Group Ltd. has the option to terminate its deal to buy supplies from the proposed Driftwood LNG terminal after a deadline passed Tuesday for Tellurian Inc. to meet certain conditions. The sales and purchase agreement (SPA) was amended to give Gunvor the option of walking away if Tellurian failed to meet conditions, including sanctioning…

Lower natural gas output volumes are needed to reverse suddenly weak prices in 2023, several analysts said in new outlooks. Yet, they also cautioned exploration and production (E&P) firms against scaling back too aggressively because U.S. export demand is poised to surge in coming years. “Prices have been spiraling,” and “there is little upside potential…

Freeport LNG Development LP this week asked federal regulators for approval to begin commercial operations from Train 1. “Freeport has performed a full pre-startup safety review of Train 1, identified and completed corrective work necessary to be able to safely restart the unit, and is ready to commence activities to safely restart Train 1, beginning…