LNG

Orders and revenue during the first three months of the year increased year/year for Houston-based Baker Hughes, a GE company (BHGE), with international, offshore and the natural gas export market expected to improve the bottom line going forward.

Nearly three years after first filing for the projects, NextDecade Corp. said FERC issued final environmental impact statements (EIS) for its proposed liquefied natural gas (LNG) export terminal in South Texas and an associated pipeline system that would supply the terminal.

Nearly 90 million metric tons/year (mmty) of liquefied natural gas (LNG) capacity is likely to be sanctioned in the near term worldwide as the second wave of export projects begins, with developers hoping to avoid cost overruns that plagued the initial building boom.

Perhaps more than ever, all eyes will be on the South Central region for natural gas markets this summer as robust associated production from oil wells and a projected doubling of natural gas exports will propel the market into uncharted waters. Factor in the need to refill historically low storage inventories and the potential for a major storm to hit the Gulf Coast, and the market is ripe for significant — though likely brief — price volatility.

Venture Global LNG Inc. has shared plans with regulators for a third natural gas export terminal, signaling its intent to add up to 24 million metric tons per year (mmty) of capacity at a proposed site in Plaquemines Parish, LA.

A divided FERC voted to authorize two liquefied natural gas (LNG) export projects Thursday, as Commission staff reported that the United States is likely to continue as a net exporter of natural gas in 2019, with six fully operational LNG export terminals online by year’s end.

ExxonMobil Corp. has clinched a sales and purchase agreement to supply China’s Zhejiang Provincial Energy Group with 1 million metric tons/year of liquefied natural gas (LNG) for 20 years.

Australia is one of the world’s leading natural gas exporters, but rising commodity prices could force many manufacturers out of business, according to the Energy Users Association of Australia (EUAA).

The global natural gas trade is set to more than double over the next 20 years to around 900 billion cubic meters (Bcm) from 400, about as much in trade by 2040 as the combined consumption of the United States and Canada today, the BP plc chief said recently.