U.S.
Global LNG markets seen 'finely balanced' in 2024 as demand under control
New LNG projects coming online this year and high stocks in Europe and North Asia in early 2024 capping demand are seen curbing spot price growth for the next six months as analysts forecast a "finely balanced" market.
Tokyo Gas unit to buy U.S. natgas producer Rockcliff Energy for $2.7 B
A unit of Tokyo Gas has decided to buy Texas-based natural gas producer Rockcliff Energy from private equity firm Quantum Energy Partners for $2.7 B to expand its overseas business.
Germany's SEFE seeks US approval for Venture Global's CP2 LNG project
The German state-owned Securing Energy for Europe GmbH has become the third company to seek approval from the U.S. energy regulator for LNG developer Venture Global to begin construction on its CP2 LNG project in Louisiana.
U.S. natural gas prices climb 4% to one-week high with rising demand
U.S. natural gas futures climbed about 4% to a one-week high on forecasts for higher demand next week than previously expected and as record amounts of gas flow to LNG export plants.
Record warmth leaves world with too much gas
The northern hemisphere experienced its warmest October and November in records dating back to the 1880s – pushing the gas market into a large surplus and triggering a slump in prices.
U.S. awards up to $890 MM to carbon capture projects at gas, coal plants
Natural gas and coal plants in Texas, California and North Dakota will share up to $890 MM in U.S. funding for projects to demonstrate the viability of carbon capture technologies.
Freeport LNG settles with U.S. EPA over safety failures for June 2022 Texas blast
Freeport LNG, which operates the second-largest U.S. LNG export plant in Texas, agreed with the U.S. Environmental Protection Agency to settle safety violations related to a June 2022 blast that caused some $275 MM in damage to the facility.
Differing LNG outlook stalls Shell talks on gas project with Venezuela
A disagreement between Shell PLC and Venezuela's state company PDVSA over future LNG prices has gridlocked talks on a license for Shell and Trinidad and Tobago's National Gas Company to operate a Venezuelan gas field.
Freeport LNG's Texas (U.S.) facility faces problems with upstream gas feed
Freeport LNG's pretreatment facility in Texas (U.S.), immediately reduced production rates due to issues with the upstream gas feed to the facility.
U.S. natural gas prices up 1% on higher demand, record LNG feedgas
U.S. natural gas futures edged up about 1% from a six-month low in the prior session on raised demand forecasts for this week, and as record amounts of gas flowed to LNG export plants.
Pembina Pipeline to buy Enbridge's JV interests for $2.30 B
Pembina Pipeline said it would buy Enbridge's interests in the Alliance Pipeline, Aux Sable and NRGreen joint ventures for $2.30 B.
U.S. natural gas prices fall 3% to near 6-month low on milder forecasts
U.S. natural gas futures fell about 3% to a fresh near six-month low on record output and forecasts for milder weather and lower heating demand than previously expected that should allow utilities to leave more gas in storage than usual through late December.
New pipelines will bring significant volumes of natural gas to new LNG export terminals
More than 20.0 Bcf/d of natural gas pipeline capacity is under construction, partly completed, or approved to deliver natural gas to five U.S. LNG export terminals that are currently under construction, according to the Natural Gas Pipeline Project Tracker.
bp challenges U.S. energy regulator's oversight of Venture Global LNG plant
bp has challenged U.S. energy regulators' approvals of a Venture Global LNG export facility, arguing the Federal Energy Regulatory Commission has failed to enforce its regulations.
New Renewable Fuel Standard volume targets facilitate renewable natural gas production
The U.S. Environmental Protection Agency announced a final rule that established biofuel volume requirements and standards for cellulosic biofuel for 2023–25 as part of the Renewable Fuel Standard program.
Two Japan energy companies seek U.S. approvals for Venture Global's CP2 LNG
Two Japanese energy companies, oil and gas producer Inpex Corp and power utility JERA, urged a U.S. energy regulator to give prompt approvals for Venture Global to begin construction on its CP2 LNG project in Louisiana.
Venezuela prods bp, Chevron to revive gas project near Trinidad, Guyana
Venezuela has begun contacting energy firms involved in an long-idled offshore gas project to push them to begin new exploration and operations near its maritime border with Guyana.
Tellurian Board appoints Daniel Belhumeur as President and Meredith Mouer as General Counsel and Chief Compliance Officer
Tellurian Inc. announced that following the appointment of Martin J. Houston as Chairman of the Board, the Board of Directors has named former General Counsel Daniel Belhumeur as President of Tellurian, and former Deputy General Counsel Meredith Mouer as General Counsel and Chief Compliance Officer of Tellurian.
U.S. LNG developer Tellurian ousts co-founder Souki as chairman
Tellurian ousted its chairman and co-founder Charif Souki as an executive officer, weeks after auditors raised doubts about the company's ability to cover future expenses.
Continental U.S. kicks off winter with most natural gas in storage since 2020
The continental United States entered the winter heating season with the most natural gas in storage since 2020, according to the U.S. Energy Information Administration.
U.S. natgas slides to 3-month low on mild weather, Golden Pass LNG delay
U.S. natural gas futures slid about 2% to a three-month low on forecasts for milder weather and lower heating demand as investors worried LNG exports would not grow much in 2024.
Asia-Europe LNG spread at widest level in almost a year
The Asia-Europe LNG spread has hit its widest level in about a year, data from S&P Global Commodity Insights showed, as congestion at Panama makes sending U.S. LNG to Asia via alternative routes a bit more expensive than normal.
Venture Global LNG expects extended start-up at second plant
A Venture Global LNG export plant due to begin operating in 2024 will undergo a lengthy startup similar to its Calcasieu Pass LNG facility, with customers likely to receive their first cargoes in 2026 at the earliest.
U.S. natural gas prices edge up on colder forecasts, record LNG feedgas
U.S. natural gas futures edged up about 1% on forecasts for colder weather and higher heating demand next week than previously expected and as record amounts of gas flowed to U.S. LNG export plants.
Countries in the Middle East and North Africa supply about one-third of global LNG
Exporting countries in the Middle East and North Africa region supplied nearly one-third (29%) of global LNG exports in 2022, according to data from the International Group of Liquefied Natural Gas Importers.
Trinidad's Atlantic LNG restructuring to shrink Shell's stake, boost bp's
Shell's ownership in Trinidad and Tobago's Atlantic LNG facility will shrink, while bp and Trinidad's state-owned National Gas Co will increase their stakes in a restructuring agreement to be signed this week.
OMV and Cheniere sign long-term LNG supply agreement
OMV announced the signing of a long-term sale and purchase agreement with US-based company Cheniere Energy, Inc. covering the supply of up to 850,000 tpy of LNG beginning in late 2029.
U.S. natgas prices hold steady as surprise storage build offsets rising demand
U.S. natural gas futures were little changed as a surprise build in weekly storage and forecasts for less cold weather through mid-December than previously expected offset a drop in output over the past few days and forecasts for higher demand over the next two weeks.
Train 1 restarts after trip at Freeport LNG plant, Texas (U.S.)
Freeport LNG reported that during the operation of its liquefaction plant in Texas.
U.S. November LNG exports approach record levels amid higher output
U.S. LNG exports in November rose to the second highest monthly production level on record, 7.99 Mmt of the superchilled gas.
- Credit Agricole says it will not fund two major LNG projects
- Aramco awards $7.7-B contracts to add 1.5 Bscfd of raw gas to Fadhili Gas Plant
- Shareholders’ Resolution: MOL to pay $668-MM dividend
- Japan's JERA suspends output at 4 gas-fired power plants to secure LNG stocks
- TotalEnergies: Papua LNG project requires 'more work' to reach final investment decision
- Technip Energies awarded a major LNG contract for the North Field South Project by QatarEnergy
- Shell publishes Energy Transition Strategy 2024
- QatarEnergy to charter 19 new LNG vessels expanding fleet further
- Aramco awards $7.7-B contracts to add 1.5 Bscfd of raw gas to Fadhili Gas Plant
- Mabanaft announces successful acquisition of WESTFA Energy GmbH
