Updated Aug 30, 2024
8/30/24
Managing Editor, LNG
Pittsburgh, PA
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 swung higher on Monday, carrying Friday’s momentum and starting what is likely to be another volatile week of trading as August comes to an end and the market factors in a number of risks despite a comfortable supply outlook for the continent.
Shell plc and PetroChina Co. Ltd. are moving ahead with plans to develop the second phase of the Surat Gas project in Queensland, Australia.
Houston-based Pilot LNG LLC plans to develop a liquefied natural gas bunkering and transshipment terminal on Mexico’s West Coast to capitalize on the growing marine fuel market.
NextDecade Corp. CEO Matt Schatzman said this week that the U.S. Court of Appeals for the District of Columbia Circuit’s decision vacating FERC authorization for its Rio Grande LNG project sets a dangerous precedent. The company, he said, is prepared to take “any and all available legal and regulatory actions” to ensure the project isn’t delayed.
European natural gas prices declined on Monday, ending a charge higher last week that left the Title Transfer Facility (TTF) to close at its highest level since December.
Cheniere Energy Inc. said it earned less for its LNG during the second quarter as lower global natural gas prices and smaller gains on its derivatives cut into margins.
NO. 1: Cheniere Energy Inc. expects to produce first LNG at its Corpus Christi LNG (CCL) expansion project in South Texas by the end of this year. The company also is planning to introduce natural gas to Train 1 in two months, management said Thursday.
The Rio Grande and Texas LNG projects are potentially facing lengthy delays after a federal appeals court on Tuesday vacated their FERC authorizations, effectively leaving them without a key approval to move ahead with construction and operation.
Global natural gas prices fell on Monday amid broader panic across global financial markets over concerns the U.S. economy is slowing.