LNG Insight

The International Energy Agency (IEA) estimates the European Union (EU) could have to address a natural gas supply shortage in 2023 due in part to few additional LNG projects coming online and increased competition with Asia for cargoes. In a new report released Monday, the IEA modeled how the EU could manage a shortfall of…

The European Union has reached a preliminary agreement on a landmark plan to tax imports of carbon-intensive goods like aluminum, cement, electricity, fertilizers and hydrogen. It does not include commodities like natural gas.

Freeport LNG Development LP said Tuesday it is still planning to restart its facility toward the end of the year one day after FERC sent a 16-page letter asking it to address dozens of issues before operations can resume. The Federal Energy Regulatory Commission sent two separate documents requesting information on 64 questions, only one…

Japan is eyeing stronger North American energy partnerships and equity investments, particularly on the Pacific Coast, as part of its strategy to strengthen energy security, according to an economic ministry official. Japan’s Takeshi Soda, Oil and Natural Gas Division director in the Ministry of Economy, Trade and Industry (METI), said the government has responded to…

European natural gas prices remained stable on Monday despite bitter cold that’s gripping the northern part of the continent. Prices spiked briefly last week as colder weather descended, but ample storage stocks and a steady flow of LNG supplies have kept a lid on both the Title Transfer Facility (TTF) and the National Balancing Point…

A combination of Norwegian production and abundant LNG imports has helped the European Union (EU) avoid gas shortages as Russia has throttled natural gas supply, but higher global prices are fueling calls for more flexibility in future supply contracts with Norway. “Non-EU member Norway has become the top supplier of gas to Europe,” Rystad Energy…

MEXICO CITY (ICIS) — European gas prices were boosted by forecasts of colder temperatures in Europe, which supported consumption for both domestic and gas-for-power demand.

Driven by associated output from the Permian Basin, the Energy Information Administration (EIA) is raising its forecast for domestic natural gas production in 2023, according to updated projections. EIA’s latest Short-Term Energy Outlook (STEO) calls for U.S. natural gas production to average 100.4 Bcf/d next year, up from its month-earlier forecast for output of 99.7…

Soaring premiums along the West Coast and deep discounts for the rest of the Lower 48 produced a week of varied price action for regional natural gas forwards during the Dec. 1-7 trading period, NGI’s Forward Look data show. Amid reports of a curtailment in volumes flowing through Gas Transmission Northwest’s (GTN) Kingsgate location along…