Updated Aug 30, 2024
8/30/24
NO. 1: Following a series of delays, Golden Pass LNG has asked the Federal Energy Regulatory Commission for a three-year extension to finish construction of the 18 million metric tons/year export project in Texas.
European natural gas prices have strengthened over the summer amid heightened geopolitical tensions, and the trend could continue through the coming months.
Singapore-based LNG Alliance Pte Ltd., sponsor of the proposed Amigo LNG export project in Mexico, signed a long-term offtake agreement with Malaysia’s E&H Energy SDN BHD, the companies said.
If global natural gas demand continues at the same pace as the previous four years, rising consumption could exceed output, resulting in a steep supply shortfall by 2030 without additional investment in production, the International Gas Union (IGU) warned in its 2024 Global Gas Report.
A force majeure on the Natural Gas Pipeline Co. of America LLC (NGPL) has cut feed gas deliveries to Cheniere Energy Inc.’s Sabine Pass LNG terminal through September, potentially increasing demand for natural gas from Henry Hub and Moss Bluff.
QatarEnergy has inked a long-term LNG supply agreement with state-owned Kuwait Petroleum Corp. (KPC) as the nearby Middle Eastern oil producer looks to ease mounting natural gas supply and power demand issues.
Singapore-based LNG Alliance Pte Ltd., sponsor of the proposed Amigo LNG export project in Mexico, signed a long-term offtake agreement with Malaysia’s E&H Energy SDN BHD, the companies said.
Click here to listen to the latest episode of NGI’s Hub and Flow featuring Baker Botts LLP’s Jason Bennett and NGI’s Senior LNG Editor Jacob Dick as they discuss why demand for liquefied natural gas is expected to remain strong despite rising complications.
The U.S. Treasury Department has targeted sanctions against more Russian-linked LNG vessels and companies days after satellite images and ship tracking data indicated PAO Novatek could be amassing a shadow fleet to export cargoes from its Arctic LNG 2 project.
The natural gas market has tossed on a light sweater and officially turned the page on summer, sending prices lower across the forward curve, according to NGI’s Forward Look.