LNG

FERC has authorized Venture Global LNG Inc. to load its first liquefied natural gas (LNG) export cargo from its Calcasieu Pass terminal in Louisiana.  The Federal Energy Regulatory Commission cleared the terminal’s first commissioning cargo Friday, one week after the company requested authorization to load an LNG tanker on or after February 9.  The Greece-flagged…

As overnight weather model runs continued to hone in on a turn toward milder conditions for the Lower 48 in late February, natural gas futures skidded lower in early trading Friday. The March Nymex contract was off 6.7 cents to $3.892/MMBtu at around 8:50 a.m. ET. Prices popped above $4 overnight following demand gains from…

TotalEnergies SE leveraged its globally integrated liquefied natural gas (LNG) portfolio last year to capitalize on soaring commodity prices and turn in what management said were historic financial results.  “We went from I would say the historic bottom in terms of results last year…to record results and cash flows in 2022,” said CEO Patrick Pouyanné.…

Two of the top natural gas producers in the Lower 48, Southwestern Energy Co. and Range Resources Corp., are expanding their efforts to certify supply in separate agreements with Project Canary.  In one agreement, Range Resources entered into an ongoing deal with Houston-based Engie Energy Marketing to market its supply under Project Canary’s responsibly sourced…

Canada’s federal cabinet has formally rejected the Energie Saguenay liquefied natural gas (LNG) export project in Quebec, ending an eight-year effort born in California. Canada Environment Minister Steven Guilbeault announced that the cabinet ratified a negative verdict on the $10.6 billion project following the rejection last September by the Impact Assessment Agency of Canada (IAAC).…

The geopolitical standoff between Russia and Ukraine has deepened turmoil in Europe’s natural gas market and laid bare its dependence on energy imports, but it remains highly unlikely that Russia would halt all natural gas flows or even significantly curb deliveries to the continent. Russia’s Gazprom PJSC “does not need to stop gas to wreak…

Using what they call “groundbreaking” methods, researchers in a new paper claimed to have found up to 12% of the globe’s methane emissions are coming from massive but often overlooked releases from major oil and gas producing regions. The paper, published Thursday in the peer-reviewed journal Science, used thousands of daily images from a European…

Spark Commodities reported its first ever negative spot liquefied natural gas (LNG) freight rate on Tuesday as a glut of tankers in the Atlantic Basin that are moving cargoes faster to Europe has dragged down rates. Spark assessed Atlantic Basin rates at minus $750/day, reflecting what CEO Tim Mendelssohn said is an increase in vessel…

The first native contender for Canadian liquefied natural gas (LNG) exports has hired engineering contractors, entered the final stage of environmental review and confirmed a 2023 target date to start building a tanker terminal. Cedar LNG, created by the Haisla Nation at its Kitimat site on the northern Pacific coast of British Columbia (BC), on…