U.S.

U.S. natgas spirals lower as low demand compounds plentiful supplies

U.S. natural gas futures shed more than 6% on Friday on record output, sufficient fuel in storage and lower heating demand, but prices are still headed for a weekly rise following their mid-week rally.

Venture Global, Grain LNG sign new deal further strengthening the security of natural gas supply to the UK

Grain LNG and Venture Global have announced the execution of a binding long-term terminal use agreement (TUA) enabling the regasification and sale of LNG from all of Venture Global’s terminals in Louisiana, including CP2 LNG.

IEEFA: Three reasons the U.S. LNG pause does not threaten South Korea’s energy security and transition

Since the U.S. Biden Administration announced the temporary pause on new liquefied natural gas (LNG) export approvals early this year, many Asian countries have expressed concerns about the potential disruption in energy security and decarbonization goals.

Occidental Considers $18 Billion Sale of Western Midstream, Sources Say

Occidental Petroleum is exploring a sale of Western Midstream Partners, a U.S. natural gas-focused pipeline operator that has a market value of more than $18 billion, including debt, according to people familiar with the matter.

Equitrans delays WV-VA Mountain Valley natgas pipe again, boosts cost

U.S. energy firm Equitrans Midstream delayed the completion date for its Mountain Valley natural gas pipeline from West Virginia to Virginia to the second quarter of 2024 from the previous estimate of the first quarter.

El Niño pushes real U.S. gas prices to multi-decade low

Inflation-adjusted U.S. gas prices have fallen to the lowest level for over 30 years as a mild winter and continued production growth leave the market carrying a growing surplus of inventories.

Democratic U.S. senator opposes Biden pause on LNG exports

Democratic U.S. Senator Michael Bennet opposes President Joe Biden's decision to pause approvals of new exports of LNG, saying that it could undercut U.S. efforts to supply gas to Europe as it replaces Russian exports.

Venture Global seeks extension for completion of Calcasieu Pass LNG

Venture Global LNG sought a one-year permit extension to complete construction of its Calcasieu Pass gas-export plant in Louisiana, in a filing with the U.S. Federal Energy Regulatory Commission.

Tellurian shares rise on U.S. permit extension to construct Driftwood LNG plant

Cash-strapped Tellurian Inc won a three-year permit extension to complete construction of its Driftwood LNG export plant, a boost for the long-delayed liquefied natural gas project.

U.S. regulators approve Mexico Pacific LNG's Saguaro connector pipeline

U.S. energy regulators approved a cross-border pipeline that would export about 2.8 Bcfd of natural gas from Texas to Mexico Pacific's Saguaro LNG export plant on Mexico's west coast.

U.S. natural gas prices edge up from 3-1/2-year low ahead of storage report

U.S. natural gas futures edged up about 1% on forecasts for more demand over the next two weeks than previously expected, and as some producers said they would reduce output in 2024 after prices plunged to a 3-1/2-year low.

North Dakota natural gas output hits record high in December, flaring eases

Natural gas production in North Dakota in December rose to a record 3.525 Bcfd from the prior all-time high of 3.469 Bcfd in November, while gas flaring eased.

U.S. House passes bill to reverse Biden's LNG pause

A bill to strip the power of President Joe Biden's administration to freeze approvals of liquefied natural gas exports passed in the Republican-controlled U.S. House of Representatives on Thursday, but faces an uphill battle in the Senate.

FERC greenlights methane export pipeline for large-scale LNG supply to China via Mexico's Pacific Coast

In a split decision handed down today, the Federal Energy Regulatory Commission issued a Presidential Permit and granted authorization to allow Oklahoma-based Oneok Inc. to build the Saguaro natural gas export Pipeline.

Japan gas utility lobby says U.S. remains key LNG supplier

The head of Japan's gas utilities group said the United States, the world's biggest exporter of LNG, remains an important supply source for Japan despite the recent pause in U.S. LNG export permits.

U.S. president Biden's pause on LNG approvals will not hit Europe short-term supply

President Joe Biden's decision to pause approvals of new exports of LNG will have no affect on U.S. supplies to Europe over the next two or three years, a European Commission official said after meeting U.S. officials.

Shell expects 50% rise in global LNG demand by 2040

Global demand for LNG is estimated to rise by more than 50% by 2040, as China and countries in South and Southeast Asia use more LNG to support their economic growth.

U.S. LNG export terminal permit pause could boost coal use abroad, says Williams CEO

The Biden administration's pause on approving permits for U.S. LNG export terminals could backfire by boosting coal usage overseas, Alan Armstrong, CEO of U.S. natural gas pipeline operator Williams Companies said.

Chesapeake Energy Corporation, Delfin LNG and Gunvor sign long-term LNG liquefaction offtake agreement indexed to Japan Korea Marker

Chesapeake Energy Corporation, Delfin LNG LLC and Gunvor Group Ltd, through Gunvor Singapore Pte Ltd, today announced the entrance into a LNG export deal that includes executed Sales and Purchase Agreements for long-term liquefaction offtake.

Victaulic acquires Utility Coatings & Fabrication, Inc.

Victaulic, a manufacturer of mechanical pipe-joining, fire protection and flow control solutions, acquired Utility Coatings & Fabrication, Inc., located in West Jordan, Utah.

Former Trump, Bush officials urge Congress to reverse Biden's LNG pause

Dozens of former officials from the past two Republican U.S. administrations urged Congress to reverse the Biden administration's pause on approvals of LNG exports, saying the shipments promote global stability.

National Grid, Constellation Energy agree on LNG supply deal for Massachusetts (U.S.) facility

Britain's National Grid said it reached an agreement with gas-supplier Constellation Energy that would allow it to keep operating its Everett gas-import terminal for six years.

Diamondback in $26-B deal to buy Endeavor Energy in growing Permian push

Shale producer Diamondback Energy, said it would buy the largest privately held oil and gas producer in the Permian Basin, Endeavor Energy Partners, in a cash-and-stock deal valued at about $26 B, including debt.

LNG export review should weigh impact on green hydrogen market

A review of U.S. LNG that the Energy Department will conduct during a pause on new permits should weigh the impact of gas exports on the development of the emerging green hydrogen market.

Top Biden Administration (U.S.) official at Senate hearing defends LNG pause

A top U.S. Department of Energy official defended President Joe Biden's pause on approvals of LNG exports at a Senate hearing called by a fellow Democrat who said he will investigate the decision.

U.S. natgas prices fall 4% to fresh 3-year low on rising output, weak demand

U.S. natural gas futures fell about 4% on Friday to a fresh three-year low on near-record output, ample amounts of fuel in storage, forecasts for milder weather and less heating demand over the next two weeks than previously expected, and low amounts of gas flowing to LNG export plants due to an outage at Freeport LNG's facility in Texas.

Premium of U.S. oil over natural gas hits 11-year high on natural gas price plunge

The collapse of U.S. natural gas prices this week elevated the oil-to-gas ratio to its highest since May 2012, which should prompt energy firms to drill for more oil and less gas.

Shell target asset management efficiencies across new projects

Shell has contracted ABL's specialist master data build and optimization software - Effio, to support a number of its large-scale newbuild projects including LNG Canada, Crux and Jackdaw.

India's GAIL buying spot LNG to hedge against Red Sea delays

India's state-run GAIL Ltd is selling more U.S. LNG in European markets and making spot purchases to avert delays due to the Red Sea crisis.

Top Biden official (U.S.) to defend LNG pause in Senate hearing

A top U.S. Department of Energy official is set to defend President Joe Biden's pause on approvals of LNG exports at a Senate hearing called by a fellow Democrat who said he will investigate the decision.