LNG Insight

Dutch transmission system operator NV Nederlandse Gasunie said this week it continues to explore ways to boost LNG import capacity in the Netherlands, including expanding existing facilities in Rotterdam and Eemshaven. At the same time, the company said a study indicated that a new floating storage and regasification unit (FSRU) in the port of Terneuzen…

Despite sliding global LNG prices over the past several months, Flex LNG Ltd. management said heightened European and Asian prices compared to Henry Hub are expected to continue driving U.S. infrastructure investment through the middle of the decade. During an earnings call Tuesday, CEO Oystein Kalleklev said falling liquefied natural gas prices during the fourth…

TC Energy Corp. is forecasting a roughly 30% year/year increase in capital expenditures (capex) this year, with the lion’s share allocated for natural gas pipeline expansions in the United States, Canada and Mexico. Calgary-based TC, which reports in Canadian currency (C$1.00/US 75 cents), has set a capital budget of $11.5-12 billion for 2023, up from…

German utility RWE AG has joined a partnership to study producing and exporting ammonia with natural gas in the United States as it plans future expansions for its LNG import facilities in Germany. RWE, Lotte Chemical Corp. and Mitsubishi Corp. have jointly agreed to explore development of a project at the Port of Corpus Christi…

South Korea, the third largest global LNG importer in 2022, will continue to rely on the super-chilled fuel despite the country’s latest plans to increase the amount of nuclear and renewables used for power generation. Since President Yoon Suk-yeol took office in 2020, the government has reversed his predecessor’s policy of phasing out nuclear power.…

The first cargo has departed Freeport LNG since a June fire knocked the plant offline and a second has been loaded at the terminal, which has also asked federal regulators to move ahead with full commercial operations on the first phase of its restart plan.  The BP plc-chartered Kmarin Diamond left with a partial cargo…

Precision Drilling Corp. is expecting LNG export demand to drive robust investment in natural gas-directed drilling over the coming years in Canada and the United States, management said Thursday. “The rebound of global energy demand and the impact of a multi-year period of underinvestment in upstream oil and natural gas has resulted in reduced inventories…

A roundup of news and commentary from NGI’s LNG Insight: An LNG vessel arrived at Freeport LNG’s loading dock for the first time since a June fire knocked the Texas facility offline. Chartered by BP plc, the Kmarin Diamond was towed into the facility around 1:30 p.m. Friday, according to data from Kpler. The vessel…

Already deflated by overwhelmingly mild weather so far this winter, regional natural gas forward prices saw a mix of generally small adjustments during the Feb. 2-8 trading period, NGI’s Forward Look data show. Having descended into sub-$3 territory, benchmark Henry Hub conceded another 6.9 cents for March fixed price trading, ending the period at $2.404/MMBtu.…