LNG

European Union (EU) lawmakers approved new rules that would allow member countries to limit LNG imports from Russia as cargoes continue to hit Europe’s ports in record numbers. Under the new gas market regulations, countries could legally block Russian exporters from being able to bid on liquefied natural gas import or storage capacity. “We have…

State-owned Petronas has started construction on Malaysia’s third floating LNG (FLNG) facility to better help it capitalize on stranded natural gas assets amid failing production from other fields.  The design and construction of the nearshore facility “is expected to be simpler, and upon completion, has the potential for improved production uptime as it will be…

Following a heavy sell-off in the previous session, natural gas futures treaded water in early trading Friday as the market continued to digest the price implications of an unexpectedly plump springtime injection. The May Nymex contract was trading at $1.766/MMBtu, up 0.2 cents, as of 8:40 a.m. ET. June was up 0.2 cents to $2.002.…

As the United States moves to reassure allies that reliable LNG exports are still a priority, market analysts warn the Department of Energy’s (DOE) pause on new export permits has already opened the door for international competitors. President Biden met with Japanese Prime Minister Kishida Fumio Wednesday where, along with security and economic cooperation, the…

NO. 1: Freeport LNG Development LP said Train 3 at its export plant on the upper Texas coast tripped offline late Tuesday due to an issue with the ventilation flow meter. The train, which only recently came back online after a lengthy outage, was restarted Wednesday, according to a regulatory filing with the Texas Commission…

A Louisiana appeals court on Wednesday ruled that Energy Transfer LP may not block DT Midstream Inc. (DTM) from building natural gas pipeline crossings underneath its system, with one judge stating that Energy Transfer’s property rights do not extend “to the center of the earth.” In a unanimous ruling by the three-judge panel, the Louisiana…

As traders prepared for a potential market-moving weekly inventory report, one that could provide further insight into how leaner production is affecting balances, natural gas futures pulled back early Thursday. Coming off modest gains in recent sessions, the May Nymex contract was down 5.1 cents to $1.834/MMBtu as of 8:55 a.m. ET. Estimates for the…

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…