Updated Aug 30, 2024
8/30/24
Managing Editor, LNG
Pittsburgh, PA
NO. 1: U.S. LNG exports declined in July after a 57% drop in shipments from the Freeport liquefied natural gas terminal on the upper Texas coast, according to Kpler.
ConocoPhillips said Thursday that it would earmark more spending this year to cover rising costs across its U.S. onshore portfolio, more partner-operated activity and higher expenses in Alaska as it advances the Willow oil project there.
Global natural gas demand accelerated during the first half of the year at a rate well above the historical average, according to the International Energy Agency’s (IEA) latest quarterly report.
Chesapeake Energy Corp. signaled Tuesday that it would continue to curb natural gas output until prices improve under a plan that was announced earlier this year.
Natural gas-fired power generation in Europe declined 16% year/year during the first half of 2024, driven partly by a sluggish recovery in industrial demand across the continent, according to the European Union (EU) energy watchdog.
The Bintulu LNG complex in Malaysia is poised to boost liquefied natural gas output now that supplies are flowing from the Jerun field.
The Plaquemines LNG terminal under construction in Louisiana is a step closer to bringing its terminal into service after federal regulators authorized it to re-export cargoes it would need to import to cool down its facilities.
NO. 1: Feed gas nominations at Freeport LNG continued rising on Thursday along with power supply as the facility slowly ramps back up after it was shut down more than a week ago ahead of former Hurricane Beryl’s landfall.
Freeport LNG Development LP had nominated more feed gas Tuesday in an indication that the plant is ramping up a day after a spokesperson said the facility would return to service in phases after it was damaged last week by former Hurricane Beryl.
Freeport LNG Development LP said Monday it would restart one liquefaction train this week after the plant was damaged during former Hurricane Beryl. Despite the plant's ongoing outage, global natural gas prices remained stable.