LNG Insight

Russia’s yearlong – and ongoing – invasion of Ukraine sparked a reordering of global natural gas supply and demand, igniting record calls for U.S. exports of LNG and amplifying the enduring prominence of fossil fuels in the world’s energy mix. Domestic gas production climbed to record highs in response. The war, whose one-year anniversary is…

The prospect of late-month chills, particularly for western and northern portions of the Lower 48, helped rally natural gas forward prices at several regional hubs during the Feb. 9-15 trading period, NGI’s Forward Look data show. In the West, the perennially constrained SoCal Citygate led the surge higher, with March fixed prices swelling $1.178 week/week…

A roundup of news and commentary from NGI’s LNG Insight  Gail Ltd., India’s largest natural gas company, issued an expression of interest this week to take an equity stake in a U.S. LNG export project that is either currently operating or under development. The company is exploring taking up to a 26% stake in a…

Energy Transfer LP said the “extremely competitive” environment for long-term LNG contracting has meant slower progress toward a final investment decision (FID) on its proposed Louisiana export project, but the firm is making progress and could announce new deals soon. Co-CEO Marshall McCrea told investors during a quarterly conference call that the team was “disappointed”…

Williams has inked agreements with Chevron U.S.A. Inc. to build greenfield infrastructure onshore and expand a massive offshore system to support growing natural gas deliveries from the Haynesville Shale and deepwater Gulf of Mexico. In one deal, the Tulsa-based pipeline giant would provide gas gathering services for Chevron’s 26,000-acre Haynesville dedication. Chevron in turn made…

QatarEnergy is continuing work to expand its LNG portfolio outside Qatar, acquiring regasification assets and stakes in global energy projects to achieve “a globally diversified portfolio of third party and equity LNG.” The work follows the state-owned company’s rebranding from Qatar Petroleum to QatarEnergy in 2021 and the formation of a global trading arm in…

Energy Transfer LP management said it is “disappointed” in the pace of contracting activity for its Lake Charles LNG project. Slow progress signing up project offtakers has delayed a final investment decision, Co-CEO Marshall McCrea said Thursday during a call to discuss 2022 earnings results.  The company has signed agreements to supply 8 million metric…

The U.S. natural gas market is expected to have a greater impact on the global LNG trade in the future as more projects are built and the world’s supply contracts are increasingly tied to Henry Hub, Shell plc reported Thursday in its annual liquefied natural gas outlook.  Qatar and the United States are expected to…

As natural gas prices swing lower from 2022 highs, Haynesville Shale-focused Comstock Resources Inc. said it is dropping two of nine operated natural gas drilling rigs. After a strong third quarter bolstered by high natural gas prices, the Frisco, TX-based independent has taken note as “natural gas prices have fallen over 70% since September,” said…