HOUSTON, TEXAS (Pietro D. Pitts, Energy Analytics Institute, 11.Mar.2025) — Argentina could be exporting 1 million barrels per day ( MMb/d) in 5 years, Argentina’s Minister of Economy Daniel González said during CERAWeek by S&P Global in Houston, Texas. This is in great part due to the prolific Vaca Muerta […]
Tag: LNG
Sempra Eyes Start-up at ECA LNG Phase 1 in Mexico in Spring 2026, Vista Still in Development
NEW ORLEANS, LOUISIANA (Pietro D. Pitts, Energy Analytics Institute, 25.Feb.2025) — Located in Baja California, Energía Costa Azul (ECA) LNG Phase 1 continues to target the start-up of commercial operations in spring 2026, while construction at Port Arthur LNG (PALNG) Phase 1 remains on time and on budget, according to […]
Quantum Capital’s 30 MTPA Mexico Pacific Project Falls Apart as Originally Envisioned
NEW ORLEANS, LOUISIANA (Pietro D. Pitts, Energy Analytics Institute, 24.Feb.2025) — Quantum Capital Group‘s short-lived love affair with Mexico, or more specifically Mexico Pacific Ltd., has apparently ended. This, without even reaching a final investment decision (FID) for the anchor phase of the proposed 30 million tonnes per annum (MTPA) […]
Venezuela Flared 46% of its 3,895 MMcf/d of Natural Gas Production in 2024
HOUSTON, TEXAS (Pietro D. Pitts, Energy Analytics Institute, 21.Feb.2025) — Oil producing Venezuela, a founding member of the Organization of the Petroleum Exporting Countries (OPEC), flared 46% of its natural gas production of 3,895 million cubic feet per day (MMcf/d) in 2024, according to details provided by ChemStrategy. Another 46% […]
Petrobras Inks LNG PSA with UK-based Centrica for 0.8 MTPA Starting in 2027
BELIZE CITY, BELIZE (Aaron Simonsky, Energy Analytics Institute, 20.Feb.2025) — Petrobras signed a long-term liquefied natural gas (LNG) purchase and sale agreement (PSA) with the British company Centrica to acquire 0.8 million tons per year (MTPA) of LNG over 15 years starting in 2027. LNG supply will be made from […]
Matador Eyes Boosting Equivalent Production 20% in 2025 v 2024
ATLANTA, GEORGIA (Chad Archey, Energy Analytics Institute, 18.Feb.2025) — Matador Resources Company eyes average daily equivalent crude oil and natural gas production reaching 205,000 boe/d in 2025, up 20% compared to 170,751 boe/d in 2024, according to the company’s founder, chairman and CEO Joseph Wm. Foran. “Matador aims at increasing its […]
Venture Global to Achieve COD at Calcasieu Pass on 15 Apr. 2025
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 17.Feb.2025) — Venture Global has notified its long-term customers that its Calcasieu Pass facility will commence commercial operations on 15 Apr. 2025. The facility will achieve its commercial operation date, or COD, in under 68 months from its Aug. 2019 final investment decision […]
Commonwealth Eyes FID in Sep. 2025, First LNG from its 9.5 MTPA Cameron LNG Facility in 1Q:29
HOUSTON, TEXAS (Ian Silverman, Energy Analytics Institute, 14.Feb.2025) — Commonwealth LNG received a conditional non-free trade agreement (non-FTA) export authorization from the US Department of Energy (DOE). Commonwealth separately received its draft Supplemental Environmental Impact Statement (SEIS) from the Federal Energy Regulatory Commission (FERC). Both actions represent significant milestones in […]
Mexico’s Sierra Madre Pipeline Faces Permit Hurdles
HOUSTON, TEXAS (Argus, 14.Feb.2025) — Gas supply to Mexico’s largest LNG terminal is in question as security concerns and community opposition threaten the Sierra Madre pipeline’s progress. Mexico Pacific‘s 48-inch, 800km (497 mi) pipeline, when completed, will transport up to 2.8 Bcf/d of natural gas from Texas’ Waha Basin to […]
US LNG Exports to Grow 17% in 2025, then 16% in 2026, the EIA Says
BATON ROUGE, LOUISIANA (Steve Stewart, Energy Analytics Institute, 11.Feb.2025) — Gross US liquefied natural gas (LNG) exports are forecast to rise in 2025 for the first time in 2 years, according to recent data published by the US Energy Information Administration (EIA). US LNG exports are forecast to average 14 […]
Protected: Mexican Developers Eye Coatzacoalcos II Small-scale LNG in Veracruz
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Flex LNG Eyes Challenging Outlook for LNG Shipping Over Short-to-Medium Term
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 4.Feb.2025) — The outlook for liquefied natural gas (LNG) shipping over the short-to-medium term is challenging owing to numerous ship deliveries ahead of ramped up new export capacity. Flex LNG Ltd. expects the period between 2024-2027 will likely resemble the period between 2014-2017. […]
Baker Hughes to Provide Solutions to Argent LNG’s 24 MTPA Port Fouchon Export Facility
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 3.Feb.2025) — Argent LNG LCC selected Baker Hughes as the liquefaction solution and related services provider for its proposed liquified natural gas (LNG) export facility in Port Fourchon, Louisiana. Baker Hughes will supply cutting-edge liquefaction solutions, power generation equipment, and gas compression systems for the facility, […]
Baker Hughes Eyes 100 MTPA of FIDs in 2024-2026
HOUSTON, TEXAS (Energy Analytics Institute, 30.Jan.2025) — Baker Hughes expects 100 million tonnes per annum (MTPA) of final investment decisions (FIDs) between 2024-2026, according to the company’s chairman and CEO Lorenzo Simonelli. This level of activity would increase global capacity and supports Baker Hughes’s long-standing forecast of 800 MTPA by […]
New Fortress Inks GSA with Energiza in Puerto Rico
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 22.Jan.2025) — New Fortress Energy Inc. (NFE) executed a 20-year gas supply agreement with Energiza to provide natural gas to a 478 MW combined-cycle power plant being developed in San Juan, Puerto Rico. The power plant is adjacent to NFE’s existing San Juan […]
YPF Inks MOU for the Export of up to 10 MTPA with 3 Indian Companies
BELIZE CITY, BELIZE (Aaron Simonsky, Energy Analytics Institute, 21.Jan.2025) — Argentina’s state-owned YPF SA signed a Memorandum of Understanding (MOU) with 3 Indian companies for the export of up to 10 million tonnes per annum (mtpa) of Argentine liquefied natural gas (LNG). The MOU was signed with Oil and Natural […]
The Milei Way: ¡Viva La Libertad, Carajo!, RIGI, Vaca Muerta and Argentine LNG Exports
HOUSTON, TEXAS (Pietro D. Pitts, Energy Analytics Institute, 15.Jan.2025) — For energy investors pondering Argentina’s massive Vaca Muerta shale play potential and other opportunity sets, just brace yourself for president Javier Milei’s catchphrase: “¡Viva la libertad, carajo!” or “Long live freedom, damn it!” Oh yeah, then there’s a little adjustment […]
US 8th LNG Export Terminal Plaquemines LNG Ships First Cargo
(Editors at Energy Analytics Institute, 13.Jan.2025) — Plaquemines LNG, the US 8th liquefied natural gas (LNG) export terminal, shipped its initial cargo on 26 Dec. 2024 just after achieving first LNG production in mid-Dec. 2024. Plaquemines LNG is 1 of only 2 US LNG export terminals to start producing LNG […]
Venture Global and Cheniere Energy Seen Ushering in Next US LNG Wave
(Editors at Energy Analytics Institute, 10.Jan.2025) — A long-awaited wave of new LNG demand is coming into view from 2 Gulf Coast projects, Venture Global and Cheniere Energy, according to East Daley Analytics. For its part, Venture Global announced on 26 Dec. 2024 that the first commissioning cargo from Plaquemines LNG […]
Excelerate Energy Achieves 3,000th STS LNG Transfer with FSRU Excellence
(Steve Stewart, Energy Analytics Institute, 6.Jan.2025) — On 28 Dec. 2024, The Woodlands, Texas-based Excelerate Energy, Inc. safely completed its 3,000th LNG ship-to-ship (STS) operation since the start of STS operations in 2007. The milestone was achieved onboard Excelerate’s floating storage and regasification unit (FSRU) Excellence. The vessel received a […]
Commentary: Trinidad Green’s Hydrogen Economy Roadmap
(Pietro D. Pitts, Energy Analytics Institute, 5.Jan.2025) — Trinidad and Tobago’s long-term roadmap for a green hydrogen economy includes establishment of a green hydrogen market in the twin-island Caribbean country. This, as the government recognizes the importance of creating necessary enablers through regulations, policies and incentives that will support the […]
Cheniere’s CCL Stage 3 Produces First LNG
(Steve Stewart, Energy Analytics Institute, 30.Dec.2024) — Cheniere Energy, Inc. produced liquefied natural gas (LNG) for the first time from Train 1 of the company’s Corpus Christi Stage 3 Liquefaction Project (CCL Stage 3). Cheniere said 30 Dec. 2024 in an official statement that the commissioning process continues. Cheniere expects […]
![EAI North America NRG Dashboard 4Q:24 [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2024/11/permian-source-coterra.jpg)
EAI North America NRG Dashboard 4Q:24 [PDF Download]
(Energy Analytics Institute, 28.Dec.2024) — Energy Analytics Institute‘s North America NRG Dashboard 4Q:24 with upstream, downstream, midstream, LNG, renewable, new energies and other updates from Canada and the USA. ____________________ By Editors at Energy Analytics Institute. © Energy Analytics Institute (EAI). All Rights Reserved.
Trinidad’s Atlantic LNG Train 1 Registers 46 Months Offline, According to MEEI Data
(Piero Stewart, Energy Analytics Institute, 25.Dec.2024) — Train 1 of the 4-train Atlantic LNG (ALNG) complex in Trinidad and Tobago has officially been offline now for 46 consecutive months, according to data in the most recent ‘Consolidated Monthly Bulletins’ published by the Ministry of Energy and Energy Industries (MEEI). The […]
![Final Pluto Train 2 Modules Make it to Pluto LNG Facility [Video]](https://energy-analytics-institute.org/wp-content/uploads/2024/03/on-site-192-pluto-lng-soure-woodside.jpg)
Final Pluto Train 2 Modules Make it to Pluto LNG Facility [Video]
(Energy Analytics Institute, 23.Dec.2024) — Woodside Energy said the Scarborough Energy Project passed another significant milestone. That, as the final Pluto Train 2 modules arrived at the Pluto LNG facility in Karratha, Western Australia. Successful completion of the Pluto Train 2 module program advances the project towards targeted delivery of […]
Argentina Reports Energy Trade Balance Surplus between Jan.-Nov. 2024
(Energy Analytics Institute, 20.Dec.2024) — Argentina’s national government said the South American country registered an energy trade balance surplus of over $514mn in Nov. 2024, and a surplus of $4,806mn in the first 11 months of 2024 owing to a growth in exports and a sharp drop in imports. In […]
Energy Transfer Inks 2 MTPA Supply Deal with Chevron for Lake Charles LNG Project
(Energy Analytics Institute, 19.Dec.2024) — Energy Transfer LP subsidiary Energy Transfer LNG Export, LLC entered into a 20-year LNG Sale and Purchase Agreement (SPA) with Chevron U.S.A. Inc. related to Energy Transfers’ 16.5 million tonnes per annum (mtpa) Lake Charles LNG export project. Per the SPA, Energy Transfer LNG will […]
Argentina Starts 6 MMcm/d Mercedes Compressor Plant
(Energy Analytics Institute, 19.Dec.2024) — Argentina’s national government announced the start-up of the Mercedes Compressor Plant, a key infrastructure that will increase the transportation capacity of the Mercedes-Cardales Gas Pipeline by 6 million cubic meters per day (MMcm/d), allowing the pipeline to reach a total transportation capacity of 15 MMcm/d. […]
Venture Global’s Plaquemines LNG Receiving Increased Gas Deliveries
(Energy Analytics Institute, 19.Dec.2024) — Venture Global’s second liquefied natural gas (LNG) export plant on the US Gulf Coast, Plaquemines LNG, is receiving increased natural gas deliveries, according to the US-based Energy Information Administration (EIA). Said gas deliveries have been on gradual rise after the Federal Energy Regulatory Commission (FERC) […]
LNG to Add $1.3tn to US Economy Through 2040: US Chamber of Commerce
(US Chamber of Commerce, 17.Dec.2024) — US Chamber of Commerce Senior Vice President of Policy Marty Durbin today issued the following statement regarding the Biden Administration’s report on LNG exports and a new Chamber-supported S&P Global study that provides a comprehensive analysis of the benefits of LNG. “LNG exports are […]
US DOE Completes Update of LNG Study
(Energy Analytics Institute, 17.Dec.2024) — The US Department of Energy (DOE) completed an update of studies that inform its public interest determination around LNG export applications to non-Free Trade Agreement Countries (non-FTA), a requirement authorized by Federal Law. The DOE has been given the responsibility by Congress under the Natural […]
LatAm NRG Heard: Milei’s Popularity, ECA’s early-2026 Start-up, Saguaro Energía
HOUSTON, TEXAS (Energy Analytics Institute, 13.Dec.2024) — LatAm NRG highlights, headlines and “heard on the street,” for the week ended 13 Dec. 2024. —Argentina: Argentina’s president Javier Milei maintains strong popularity 1 yr into his presidency as the Argentine peso has appreciated, inflation has fallen and foreign/domestic investors in the […]
Argentina’s Hydrocarbon Sector Takes Baby Steps in 2024, Bigger Steps to Come in 2025
(Camilo Ciruzzi , Energy Analytics Institute, 11.Dec.2024) — Efforts by Argentina’s president Javier Milei have resulted in a more flexible regulatory framework and to the benefit of his South American country’s hydrocarbon sector as strategic projects continue to inch forward. No surprise, Argentina’s crude oil and natural gas sectors are […]
Incremental LNG Demand Moved from Europe to Asia
(Energy Analytics Institute, 11.Dec.2024) — Incremental demand to-date in 2024 for LNG has moved from Europe to Asia, according to recent data from Kpler. Of the total year-to-date LNG trade of 376 million tons (Mt) between Jan.-Nov. 2024, the top importing countries are JKT (Japan, South Korea and Taiwan) with […]
S&P Global Publishes its Energy Outlook 2025
(S&P Global, 11.Dec.2024) — Analysts at S&P Global Commodity Insights, the leading independent provider of information, data, analysis, benchmark prices and workflow solutions for the commodities and energy transition markets, today released their 2025 energy outlook. As the calendar turns to 2025, there is more uncertainty in energy markets heading […]
QatarEnergy CEO Al-Kaabi on US-Qatari Friendship, Golden Pass LNG
(QatarEnergy, 7.Dec.2024) — His Excellency Mr. Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of QatarEnergy, said Qatar stands in total support of the concept of the European Union’s (EU) Corporate Sustainability Due Diligence Directive (CS3D), and of the desire to protect and uphold […]
CryoSys Eyes 7.2 mtpa Export Facility on Texas Gulf Coast
(Energy Analytics Institute, 5.Dec.2024) — CryoSys LLC entered into an deal with PIC Americas to deliver advanced pretreatment and liquefaction solutions to PIC Americas planned development of a liquefied natural gas (LNG) export facility with a minimum export capacity of 7.2 million tonnes per annum (mtpa). The facility is designed […]
Enbridge Reveals 2025 Guidance, 3% Dividend Increase
(Energy Analytics Institute, 3.Dec.2024) — Calgary, Alberta-based Enbridge Inc. revealed its 2025 financial guidance and an annualized common share dividend increase from C$3.66 to C$3.77 Canadian dollar per share, or 3.0%, effective 1 Mar. 2025. “Global oil consumption has rebounded to all-time highs and increasing natural gas demand is being […]
WoodMac: More US LNG Needed in Asia to Slow Coal Demand
(WoodMac, 3.Dec.2024) — Coal use and emissions from power generation in Asia will surge in coming decades unless there is significant new supply of U.S. liquefied natural gas (LNG), a new study by data and analytics company Wood Mackenzie has shown. The study, commissioned by the Asia Natural Gas and […]
PAE Issues Reservation Notice to Golar LNG for FLNG Hilli
(Energy Analytics Institute, 30.Oct.2024) — Pan American Energy (PAN) issued a reservation notice in Oct. 2024 reserving the floating liquefied natural gas (FLNG) Hilli to PAE and Golar LNG’s liquefaction project in Argentina. This reservation notice ends Golar’s option to nominate an alternative FLNG vessel to service the PAE contract, […]
New Fortress Updates on Financing for $2.7bn
(Energy Analytics Institute, 26.Nov.2024) — New Fortress Energy Inc. completed the first of two steps of its $2.7bn issuance of new senior secured notes due Nov. 2029. The first step completed was the funding of $1.2bn new senior secured notes, New Fortress said 26 Nov. 2024 in an official statement. The […]
Eni Launches Hull of Nguya FLNG in China
(Energy Analytics Institute, 23.Nov.2024) — Italy’s energy giant Eni launched the hull of the Nguya Floating Liquefied Natural Gas (FLNG) facility in Wison‘s shipyard in Nantong, China. In Congo’s Lingala language, “Nguya” means strength, energy, and the ability to deliver projects effectively, reflecting the company’s achievements through its partnership with […]
Pennybacker Closes Purchase Miami LNG Business from New Fortress
(Aaron Simonsky, Energy Analytics Institute, 21.Nov.2024) — Pennybacker Capital Management, LLC, a real assets investment manager, completed the acquisition of the small-scale Florida-based liquefied natural gas production and distribution business (Miami LNG business) from New Fortress Energy. The Miami LNG business is a strategically located liquefaction operation, equipped with one […]
Henry Hub, JKM and TTF Inch Higher
(Energy Analytics Institute, 21.Nov.2024) — The Henry Hub spot price rose 24 cents to $2.34 per million British thermal units (MMBtu) on 20 Nov. 2024 compared to $2.10/MMBtu on 13 Nov. 2024, according to the US-based Energy Information Administration (EIA). The weekly average front-month futures prices for liquefied natural gas […]
The Vaca Muerta Gas-export Plan is a Pipe Dream
(Reuters, 21.Nov.2024) — Natural gas production is booming in Argentina’s vast Vaca Muerta shale lands, but full pipelines and the government’s free-market approach to paying for new ones may prevent the country from becoming a major gas exporter by early next decade. About $58 billion worth of new or upgraded […]
Protected: “LatAmNRG Matters” Podcast: Mexico Business Forum’s Roberto Salinas León
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FACT SHEET: $18.4bn Rio Grande LNG Project and Headwinds
(Energy Analytics Institute, 20.Nov.2024) — Rio Grande LNG (RGLNG) is a LNG export facility located in Brownsville, Texas. At full development RGLNG is expected to deliver 27 million metric tonnes per annum (mtpa) of LNG. The RGLNG proposal will supply a more sustainable LNG with lower expected carbon intensity through […]
Flex LNG Secures TC Extension for Flex Courageous and Flex Resolute
(Flex LNG, 7.Nov.2024) — Flex LNG Ltd agreed with the Charterer of Flex Courageous and Flex Resolute, a Supermajor, to amend the existing Time Charter Agreements (“TC”) for the two LNG carriers where the parties have agreed a new firm period from 2029 to 2032 which may be extended by […]
DXT Commodities Delivers First MedMax LNG Cargo to Asia
(DXT Commodities, 7.Nov.2024) — A ceremony graciously hosted by Dongguan Daosen marked a number of milestones for the partners involved, Shenzhen Gas (via its subsidiary Sino-Benny LPG), DXT Commodities, Hartree Partners and Dongguan Energy (via its subsidiary Dongguan Daosen Natural Gas), in bringing the Dapeng Princess and her cargo from […]
Sempra Says ECA LNG Progressing, to Start in Spring 2026
(Energy Analytics Institute, 6.Nov.2024) — Sempra Infrastructure and its Mexican subsidiary, Infraestructura Energética Nova (IEnova), continue to move forward with Energía Costa Azul (ECA) LNG Phase 1. Sempra Infrastructure said that construction at ECA LNG Phase 1 has progressed, and commercial operations are still slated to commence in spring 2026, […]
Sempra Sees Completion of Rosarito Expansion Pipeline in 4Q:24
(Energy Analytics Institute, 6.Nov.2024) — Sempra Infrastructure said the long-awaited Gasoducto Rosarito Expansion Pipeline (GRO by its Spanish acronym) is expected to reach commercial operations in the fourth-quarter 2024 (4Q:24). GRO will support natural gas supply to Energía Costa Azul (ECA) LNG Phase 1, Sempra announced 6 Nov. 2024 in […]
Sempra Reports 3Q:24 Results (PDF Download)
(Sempra, 6.Nov.2024) — Sempra reported third-quarter 2024 earnings, prepared in accordance with generally accepted accounting principles (GAAP), of $638mn, or $1 per diluted share, compared to third-quarter 2023 GAAP earnings of $721mn, or $1.14 per diluted share. On an adjusted basis, the company’s third-quarter 2024 earnings were $566mn, or $0.89 […]
Commentary: Mexico and Canada Step Up LNG Efforts
HOUSTON, TEXAS (Pietro D. Pitts, Energy Analytics Institute, 5.Nov.2024) — It’s another landmark moment for North American energy. That is, after Mexico shipped its madden LNG cargo this summer from a facility in Altamira, Mexico off the Atlantic coast. That shipment officially propelling the Latin American country into the LNG […]
TotalEnergies to Supply 2 mtpa of LNG to Sinopec for 15 Years
(Energy Analytics Institute, 4.Nov.2024) — TotalEnergies signed a sales agreement (HoA) with Sinopec for the delivery of 2 million tonnes per annum (mtpa) of LNG for 15 years, starting in 2028. With the agreement, TotalEnergies strengthens its long-term position in the LNG market in China, the largest market in the […]
Texas LNG Selects Kiewit as EPC Contractor for 4 MTPA Brownsville Facility
(Pietro D. Pitts, Energy Analytics Institute, 4.Nov.2024) — Texas LNG Brownsville LLC subsidiary of Glenfarne Energy Transition, LLC selected Kiewit, through its subsidiaries Kiewit Engineering Group Inc. and Kiewit Energy Group Inc., to lead the engineering, procurement, and construction (EPC) of the proposed Texas LNG 4 million tonnes per annum […]
Guyana and Suriname Could Provide 12 mmtpa of LNG in the 2030s
(Wood Mackenzie, 4.Nov.2024) — Several gas developments are underway in Guyana and Suriname that could offer new competitive LNG supply sources early next decade, according to a new report from Wood Mackenzie. According to Wood Mackenzie’s report “Can Guyana and Suriname LNG compete against new global supply?”, Guyana and Suriname […]
Exxon Eyes First Golden Pass LNG Cargo in Late-2025, Woods Says
(Energy Analytics Institute, 1.Nov.2024) — ExxonMobil Corporation, which is partnered with QatarEnergy in the three-train 18 million tonnes per annum (mtpa) Golden Pass LNG project, eyes the ship off of the initial LNG cargo from the project in late 2025, Darren Woods, the chairman and CEO of the Texas-based company […]
Commonwealth LNG and Kimmeridge Commit to Natural Gas Certification
(Kimmeridge, 1.Nov.2024) — Kimmeridge-backed Commonwealth LNG and Kimmeridge Texas Gas (KTG) announced a commitment to obtain independent certification of their natural gas operations under the protocols developed by MiQ. The initiative supports Kimmeridge’s innovative ability to deliver a “wellhead-to-water” net zero cargo for Scope 1 and 2 greenhouse gas emissions […]
Commonwealth LNG Launches Initiatives in SW Louisiana
(Commonwealth, 1.Nov.2024) — Commonwealth LNG, a Kimmeridge portfolio company, announced a comprehensive package of community support initiatives for Cameron Parish, Louisiana, the future site of Commonwealth’s LNG export terminal, which is anticipated to begin construction in the first half of 2025. Commonwealth’s community investments will focus on providing critical healthcare […]
Woodside and Tokyo Gas in Discussions Over Stake in US LNG Project
(Reuters, 31.Oct.2024) — Tokyo Gas is in talks with Woodside Energy over taking a stake in a multi-billion-dollar Louisiana liquefied natural gas (LNG) export project, according to two people familiar with the discussions. Woodside, an Australian oil and gas producer, this month closed on a $1.2 billion buy of developer […]
Petrobras 3Q:24 Hydrocarbon Production in Two Charts
(Energy Analytics Institute, 31.Oct.2024) — Brazil’s state-owned Petrobras reported total hydrocarbon production of 2,689 Mboe/d in the third quarter 2024 (3Q:24), down 0.8% sequentially compared to the 2Q:24 and down 7.9% compared the 3Q:23. RELATED STORY: Petrobras Reports 3Q:24 Output of 2.7 MMboe/d (PDF Download) Importantly, Petrobras was forced to […]
Cheniere Reports 3Q:24 Results, Updates on Dividend (PDF Downloads)
(Cheniere, 30.Oct.2024) — Cheniere Energy, Inc. announced its financial results for the third quarter 2024 as well as details around producing and loading its 1,000th LNG cargo, its dividend, comprehensive capital allocation plan, voluntary, measurement-informed Scope 1 methane emissions intensity target for its liquefaction facilities. ____________________
Tecpetrol and Pampa Energía Move Forward with Plans for Bahía Blanca
(Energy Analytics Institute, 29.Oct.2024) — Vaca Muerta shale formation producers Tecpetrol and Pampa Energía are reportedly moving forward with plans to utilize the Bahía Blanca port area recently abandoned by state-owned YPF SA and its Malaysian counterpart Petronas in favor of another port at Río Negro. Tecpetrol, Argentina’s main shale […]
Lower 48 LNG Exports to Reach 25.7 Bcf/d by Jan. 2030
(Energy Analytics Institute, 28.Oct.2024) — Assuming all the LNG export projects located in the Lower 48 that have taken a final investment decision (FID) and others expected to take FID go forward, the Lower 48 (including Mexican projects that utilize U.S. piped-gas) will have 28.5 Bcf/d of export capacity and […]
New Fortress Completes 3rd Loading Offshore Altamira
(Energy Analytics Institute, 25.Oct.2024) — New Fortress Energy Inc.’s (NFE) initial Fast LNG unit completed its third cargo loading on 25 Oct. 2024. The cargo has been loaded onto the BW Pavilion and is setting sail for NFE’s operation in Puerto Rico, NFE said 25 Oct. in an official statement. […]
Exxon Mobil, Qatar Get 3-year Extension to Build their LNG Plant in Texas
(Reuters, 25.Oct.2024) — Federal regulators on Thursday gave an Exxon Mobil and Qatar Energy LNG joint venture a 3-year extension to finish building their Golden Pass LNG plant, a regulatory document showed. The extension was granted due to delays caused when lead construction contractor Zachry Holdings filed for bankruptcy in […]
Mexico Pacific Working with Financial Advisors for Financing for Saguaro LNG, Executive Says
HOUSTON, TEXAS (Fidencio Casillas and Pietro D. Pitts, Energy Analytics Institute, 24.Oct.2024) — Mexico Pacific, which is developing the 30 million tonnes per annum (MTPA) Saguaro Energía LNG Facility on Mexico’s Pacific Coast and and the associated Sierra Madre Pipeline, continues with work related to a final investment decision (FID) […]
Mexico Gas Consumption Up During Jan.-Sep. 2024, IEA Says
(Energy Analytics Institute, 20.Oct.2024) — The Paris-based International Energy Agency (IEA) commented on Mexican natural gas demand in its most recent report. In Mexico, gas consumption grew by an estimated 2% or 1.5 billion cubic meters (bcm) year-over-year in the first-nine months of 2024 amid the continued expansion of gas-fired […]
IEA: Shipping Route Interruptions in 3Q:24
(International Energy Agency, 18.Oct.2024) — The strong momentum behind LNG project development continued in 2024 even with no US projects reaching final investment decision Since Russia’s full-scale invasion of Ukraine, over 150 bcm per year of LNG liquefaction capacity has been approved. The United States alone accounted for 75% of […]
IEA: Colombia 3Q:24 Gas Market Report Update
(International Energy Agency, 18.Oct.2024) — In Colombia in Jan. 2024 the government declared a national disaster situation for a period of 12 months due to the impact of the El Niño weather phenomenon, which brought extreme drought and sizzling heatwaves. While Colombia’s hydropower output decreased by over 25% y-o-y from […]
Saguaro LNG Endangers California Marine Life, Activists Warn
(Mexico News Daily, 10.Oct.2024) — Citing concerns over its impact on the Gulf of California, environmental groups are urging the Mexican government to cancel Mexico Pacific’s LNG megaproject in Sonora, a planned liquefied natural gas (LNG) plant and export terminal. The US $14 billion project led by the Houston-based company […]
Truckline Installation Completed at Scarborough Project
(Energy Analytics Institute, 10.Oct.2024) — Saipem and sub-contractor teams completed the installation of the truckling at Woodside Energy’s Scarborough energy project. The 433-km trunkline will transport gas from the offshore Scarborough field to the onshore Pluto LNG processing facility in Karratha, the Australian company said 10 Oct. 2024 in a […]
Woodside Completes Tellurian Acquisition
(Woodside, 9.Oct.2024) — Woodside has completed the acquisition of Tellurian Inc. and its US Gulf Coast Driftwood LNG development opportunity. Woodside has acquired all issued and outstanding Tellurian common stock for approximately $900mn cash, or $1.00 per share. The implied enterprise value is approximately $1,200mn. (1) Woodside also announced it […]
Certification of Grain LNG Terminal Provides Additional Transparency
(MiQ, 8.Oct.2024) — MiQ, a company dedicated to emissions certification, announced certification of the Grain LNG terminal in the United Kingdom, which is Europe’s largest LNG terminal. “The certification of Grain LNG provides UK and European natural gas buyers with additional transparency about the level of emissions from imported LNG. US […]
QatarEnergy LNG Awards McDermott EPCI Contract for the NFS
(McDermott, 3.Oct.2024) — McDermott has been awarded an engineering, procurement, construction and installation (EPCI) contract by QatarEnergy LNG for the North Field South (NFS) Offshore Pipelines and Cables Project. This new contract is in addition to the awards received by McDermott earlier for the NFS Pipelines FEED, the NFS Jackets […]