LNG

Kinder Morgan Inc. (KMI) is planning compression expansions on its Permian Highway Pipeline (PHP) and Gulf Coast Express (GCX) natural gas pipelines in order to alleviate takeaway constraints in the Permian Basin expected to mount by 2023. “Combined, the two expansions can add 1.2 Bcf per day of capacity out of the Permian,” CEO Steven…

Natural gas pipeline and storage provider DT Midstream Inc. (DTM), with a portfolio that includes 900 miles of regulated interstate pipelines, said Wednesday it would join a rapidly growing project aimed at better understanding the energy industry’s role in greenhouse gas (GHG) emissions. A day later, Houston-based Kinder Morgan Inc. (KMI), one of the largest…

As traders prepared to shift their attention to another round of government inventory data, natural gas futures were testing the $7.00 mark in early trading Thursday. The May Nymex contract was up 5.0 cents to $6.987/MMBtu at around 10:20 a.m. ET. Ahead of the Energy Information Administration’s (EIA) latest report, scheduled for 10:30 a.m. ET,…

Italy’s Eni SpA is expanding partnerships and exploration in some of its existing territories in order to boost natural gas deliveries to Europe. Eni announced it is working closely with the state-owned Egyptian Natural Gas Holding Co. to increase gas production and liquefied natural gas (LNG) exports from the country, with a specific target of…

The still unfolding situation in Europe has “accelerated the pace of discussions” to sanction global liquefied natural gas (LNG) projects,” Baker Hughes Co. CEO Lorenzo Simonelli said Wednesday. Simonelli shared first quarter results and the outlook for 2022 and beyond for the Houston-based oilfield services giant.  “We already saw momentum pick up in 2021” for…

The Netherlands will rely on increasing liquefied natural gas (LNG) imports instead of counting on domestic gas production from the Groningen field to help replace Russian imports.    The Dutch government has decided against increasing output from Groningen, which was under consideration as a way for Europe to refill natural gas storage and displace Russian supplies. …

In a major technical correction, and with a little help from fundamentals, natural gas futures plummeted more than 70.0 cents on Tuesday. After sinking below $7.000 early in the session, the May Nymex contract settled at $7.176/MMBtu. Spot gas prices also hit the brakes, despite the lingering effects of a Nor’easter that set records along…

The White House on Tuesday restored three core elements of the National Environmental Policy Act (NEPA) that had been rolled back under the Trump administration, heralding tighter environmental scrutiny for energy projects during the federal review process. “The specific changes made by today’s ‘Phase 1’ rule restore longstanding provisions that were modified for the first…

Oil and natural gas prices fell across the globe Tuesday, pushed lower by a variety of factors including demand destruction in Asia, bearish sentiment in Europe and a cooling rally in the United States.  European natural gas prices hit their lowest level since Russia invaded Ukraine in February. The May Title Transfer Facility contract hit…