LNG

A roundup of news and commentary from the global gas market FERC has granted Venture Global LNG Inc. permission to start building power facilities and install turbine generators at its Plaquemines liquefied natural gas export facility as the company continues to target first LNG sometime this year. Venture Global sanctioned the 13 million metric ton/year…

More than 100 environmental and grassroots groups sent a letter to the Biden administration this week urging the U.S. Department of Energy (DOE) to conduct a “robust analysis” of the LNG supply chain before the pause on new export authorizations is lifted. The organizations argued in the letter that the DOE has relied too long…

House Republicans are refining their arguments about the impact of the Department of Energy’s (DOE) pause on new LNG export permits, this time focusing on the Gulf Coast economies of Texas and Louisiana. Members of the Energy, Climate and Grid Security Subcommittee met in Port Arthur, TX southeast of Houston, for a field hearing focused…

Natural gas futures added to recent gains in early trading Wednesday as supportive trends in both production and exports helped stir bullish sentiment. The May Nymex contract was up 3.7 cents to $1.909/MMBtu as of 8:35 a.m. ET. The May contract was continuing to enjoy technical momentum heading into Wednesday’s session after crossing the 20-day…

TotalEnergies SE disclosed the final investment decision (FID) for an LNG expansion project in Papua New Guinea would be pushed back by at least one year as the project partners hunt for more “commercially viable” contractors. The French major’s CEO Patrick Pouyanné met with Papua New Guinea Prime Minister James Marape to discuss the status…

Asian LNG buyers continue to snap up cheap cargoes as a mild winter in Europe has left storage inventories there high and more vessels are diverting to the region. But as spot prices move higher, buying activity is already slowing.  As temperatures have increased in the last week in North Asia, “we seem to be…

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…

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…

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…