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According to Reuters, the amount of natural gas flowing to U.S. liquefied natural gas (LNG) export plants (called feedgas) dropped to a one-year low this week as an Arctic freeze caused some energy firms to divert fuel to the domestic market, and as Freeport LNG's facility in Texas experienced mechanical problems. Yep, another outage at
QatarEnergy, the world's second-largest exporter of liquefied natural gas, has stopped sending tankers via the Red Sea, although production continues. Yemen's Iran-backed Houthi group has, since November, attacked vessels in the Red Sea, part of a route that accounts for about 12% of the world's shipping traffic. The terrorists are using Israel's justified war in
In what is a laughable defense, Venture Global LNG told the Federal Energy Regulatory Commission (FERC) that it cannot meet contractual obligations to provide liquefied natural gas (LNG) cargoes to several major customers because its export plant is not yet ready to meet three criteria found in the contracts. Venture Global continues its charade that
Somewhat lost in yesterday's big news of the Chesapeake/Southwestern merger (which sucked up most of the news oxygen) was an announcement by EQT Corporation, the current largest natural gas producer in the U.S. EQT unveiled a new 15-year deal with Glenfarne Energy's Texas LNG export facility to liquefy 0.5 million tons per annum (MTPA) for
Even though separately (and together) Chesapeake Energy and Southwestern Energy own MORE assets in the Marcellus/Utica than in the Haynesville shale play, the main driver to do a merger between the two companies is the Haynesville and that play's close proximity to LNG export facilities along the Gulf Coast. That is the conclusion of most