LNG Insight

Multiple U.S. LNG export projects could reach a final investment decision (FID) this year after a record stretch of supply contracting activity in 2022 that accelerated after war broke out in Ukraine. In the year since Russia’s invasion, U.S. liquefied natural gas projects have signed over 30 sale and purchase agreements (SPA) with buyers looking…

A roundup of news and commentary from NGI’s LNG Insight  FERC on Thursday granted Freeport LNG Development LP’s request to resume loading cargoes from one of its docks.  The plant has not been cleared to restart operations. The approval is one in a series that must occur before LNG production and shipments may resume after…

Abu Dhabi National Oil Co. (Adnoc) is advancing plans to launch an initial public offering (IPO) that would combine the United Arab Emirates’ (UAE) largest natural gas companies as part of a broader plan aimed at attracting more foreign investors and funding for long-term projects.  “Natural gas will be a critical fuel in the energy…

In a nod to the steep decline in natural gas prices following mild weather this winter, the Energy Information Administration (EIA) is slashing its 2023 Henry Hub forecast, with the agency now modeling a 50% discount versus 2022 prices. The “significantly warmer-than-normal” weather in January depressed space heating demand and padded storage inventories, EIA said…

Equinor ASA expects European natural gas prices to slide by the middle of the decade as more LNG capacity comes online, but it plans to maintain production levels through 2030 as extreme supply volatility persists. After a year of record prices and volatility, helping stoke lofty revenues for Equinor, management said prices have started to…

A joint venture (JV) formed by Woodside Energy Group Ltd., Osaka Gas Australia and Timor-Leste’s state-owned Timor Gap is studying development and LNG production from the Greater Sunrise natural gas fields near the Southeast Asian island. The partnership, called Sunrise Joint Venture, will expand on previous efforts to evaluate the feasibility of producing and shipping…

Shell plc and BP plc were among the 76 companies that made 115 bids for 258 of the 931 blocks on offer in the UK’s offshore oil and gas exploration licensing round last month.  It was the country’s first licensing round since 2019, which attracted 104 bids for 245 blocks. The Department of Business, Energy…

French supermajor TotalEnergies SE indicated Wednesday it would double-down on its LNG business, which CEO Patrick Pouyanné said would be a “pillar” of the company’s growth in the years ahead, along with its power generation operations. The two businesses, which have operated within the same segment for years, have been so instrumental to the company’s…

While the early LNG market mostly developed in Asia and the Middle East, the super-chilled fuel was first commercialized in the United States and Europe.