LNG

Growth in the Permian Basin, Guyana’s offshore and the global liquefied natural gas (LNG) market are gaining momentum, along with low-carbon opportunities, ExxonMobil CEO Darren Woods said Friday. During the 1Q2022 conference call, Woods told investors that “recent events” have clarified the direction for oil and gas producers.  New investments in Russia were scuttled by…

Natural gas futures took a step lower Thursday after three straight days of gains, with production showing signs of recovery amid ongoing maintenance. Some loosening in the latest government inventory data also influenced pricing, sending the June Nymex gas futures contract down 45.1 cents to $6.888/MMBtu. July futures shed 44.2 cents to hit $6.994. Spot…

A group of more than 50 natural gas companies responsible for a sizable chunk of U.S. supply is urging the White House and European Commission to develop a unified global standard for directly measuring methane emissions from the wellhead to the burner tip. Our Nation’s Energy Future, aka ONE Future, comprises companies throughout the natural…

Poland was receiving more natural gas supplies from Germany on Thursday, while Bulgaria was receiving supplies from Turkey. The flows were making up for lost volumes from Gazprom PJSC, which cut off supplies to Poland and Bulgaria this week for failing to comply with Russia’s demand for a new payment method.

EQT Corp. is in discussions with multiple liquefied natural gas (LNG) end-users across the world and may invest in liquefaction capacity as the call for U.S. exports grows.  The country’s largest natural gas producer already sells volumes to U.S. export terminals. It moves 1 Bcf/d from the Appalachian Basin to the Gulf Coast. However, the…

The Department of Energy (DOE) on Wednesday approved an additional 500 MMcf/d of liquefied natural gas (LNG) exports from two Gulf Coast projects, one of which could be the largest addition to U.S. capacity for several years. Exports from Golden Pass, set to begin exports in 2024, is a venture by ExxonMobil and Qatar Energy…

Natural gas futures surged for a third consecutive day against a backdrop of escalating global supply uncertainties after Russia cut off natural gas supplies to two European countries. With domestic fundamentals also tight this week, the May Nymex contract rolled off the board Wednesday at $7.267/MMBtu, up a massive 41.7 cents on the day. The…

Lofty energy prices, driven by steady demand and global supply shocks imposed by Russia’s invasion of Ukraine, present U.S. exploration and production (E&P) companies both profit opportunity and potential hazard. As the first quarter E&P earning season gets in full swing over the coming weeks, markets are expected to focus on whether companies are able…

The stage was set Tuesday for competition between two Canadian pipeline giants to transport natural gas supply to a proposed liquefied natural gas (LNG) terminal on the northern Pacific coast of British Columbia (BC). TC Energy Corp. and Enbridge Inc. could compete for the transportation deal to serve Ksi Lisims LNG’s proposed project. Both have…