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Geopolitical Tensions Push TTF Higher, but Cargoes Flow to Asia Amid Unchanged Fundamentals – LNG Recap

Geopolitical Tensions Push TTF Higher, but Cargoes Flow to Asia Amid Unchanged Fundamentals – LNG Recap

LNG cargoes continue to flow to Asia as injections get underway in Europe, where the market is well stocked and demand is low.  Asia has imported 93.8 million tons (Mt) of liquefied natural gas year-to-date, up 8% over the same time last year, according to Kpler data. Meanwhile, European imports of the super-chilled fuel are…

April 8, 2024
‘T’ for Texas – and TotalEnergies – as Holdings Grow in Eagle Ford and Offshore

‘T’ for Texas – and TotalEnergies – as Holdings Grow in Eagle Ford and Offshore

TotalEnergies SE CEO Patrick Pouyanné wasn’t born in Texas but as many who have migrated to the state say, he got there as fast as he could. In transactions over the past month, the French-based major has acquired additional Texas stakes in the Eagle Ford Shale, a carbon capture project in the Gulf of Mexico…

April 8, 2024
Natural Gas Futures Slightly Higher, but Some Downside Risks Seen Near-Term

Natural Gas Futures Slightly Higher, but Some Downside Risks Seen Near-Term

Amid mild springtime weather-driven demand and steady readings for production and exports, natural gas futures hovered close to even in early trading Monday. The May Nymex contract was up 0.7 cents to $1.792/MMBtu as of 8:30 a.m. ET. June was trading at $2.013, up 0.3 cents. EBW Analytics Group analyst Eli Rubin told clients early…

April 8, 2024
Cedar LNG Eyes Summer FID After Landing Tolling Deal with Arc Resources

Cedar LNG Eyes Summer FID After Landing Tolling Deal with Arc Resources

Pembina Pipeline Corp. and its project partners in the Cedar LNG export project in British Columbia (BC) disclosed that they have given a notice to proceed to their contractors and are working on the final financial arrangements after securing binding offtake agreements for the project. Arc Resources Ltd., one of Canada’s largest natural gas producers,…

April 5, 2024
Plaquemines LNG Pipeline Project Cleared to Start Service 

Plaquemines LNG Pipeline Project Cleared to Start Service 

The Federal Energy Regulatory Commission has cleared Enbridge Inc. subsidiary Texas Eastern Transmission LP (Tetco) to start service on the Venice Extension pipeline project that would serve the Plaquemines LNG export facility under construction in Louisiana.  The Venice Extension would expand the Tetco system with a new three-mile, 36-inch diameter pipeline in Louisiana to move…

April 5, 2024
Stabilis Looking Up for LNG Expansion Opportunities to Fuel Aerospace Demand

Stabilis Looking Up for LNG Expansion Opportunities to Fuel Aerospace Demand

Small-scale LNG producer Stabilis Solutions Inc. expects the fuel’s use in commercial rocket launches to rapidly expand over the next several years, creating more demand and incentives to grow its liquefaction capacity. Houston-based Stabilis recently disclosed it expects demand for high-purity liquefied natural gas to grow 40% year/year in 2024 as the pace of rocket…

April 4, 2024
Russian LNG Output Reportedly Down Amid Western Sanctions – Three Things to Know About the LNG Market

Russian LNG Output Reportedly Down Amid Western Sanctions – Three Things to Know About the LNG Market

NO. 1: The Biden administration has rejected a proposal from House Speaker Mike Johnson (R-LA) to tie a national security package to a temporary pause on new LNG export authorizations.  Johnson reportedly wanted to advance aid for Ukraine and Israel in exchange for lifting the pause imposed in January by the Biden administration. The administration…

April 4, 2024
What Does U.S. Industry Policy Chatter Say About What’s Next for Natural Gas? – Listen Now to NGI’s Hub & Flow

What Does U.S. Industry Policy Chatter Say About What’s Next for Natural Gas? – Listen Now to NGI’s Hub & Flow

Click here to listen to the latest episode of NGI’s Hub & Flow, in which NGI Senior LNG Editor Jacob Dick talks with energy and environmental policy expert Chris Treanor, executive director of the Partnership to Address Global Emissions. Treanor discusses some of the policy highlights from CERAWeek by S&P Global and what could be…

April 4, 2024

LNG Imports Resume in Taiwan After Devastating Earthquake – The Offtake

A roundup of news and commentary from the global gas market A 7.4-magnitude earthquake impacted Taiwan and briefly triggered a tsunami warning Tuesday, but hasn’t appeared to disrupt LNG imports, according to data from Kpler. Two vessels initially were turned away during the warning, but imports resumed on Wednesday. Taiwan imported more than 20 million…

April 3, 2024
Alaska Looking to Secure Natural Gas Supplies with LNG Pipeline Deal

Alaska Looking to Secure Natural Gas Supplies with LNG Pipeline Deal

The state of Alaska and Pantheon Resources plc are negotiating a deal to boost in-state natural gas inventories using a proposed LNG feed gas pipeline to transport associated volumes from the North Slope. London-based Pantheon has been advancing development plans for an additional 66,000 acres in Alaska’s Ahpun and Kodiak fields since submitting the top…

April 3, 2024