Mexico faces an election in June amid rising natural gas demand and infrastructure needs. See what NGI analysts gleaned from the recently completed 4Q2023 earnings season. SLB Corp. (SLB): CEO Olivier Le Peuch told investors on SLB’s 4Q2023 earnings conference call that “in the international markets, we expect full year revenue growth reaching the mid-teens…
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Freeport LNG Said Close to Restarting Train 3 – Three Things to Know About the LNG Market
NO. 1: Power usage at the Freeport LNG export terminal was ramping up on Thursday, according to Wood Mackenzie, as the facility prepares to restart its third train. The liquefaction unit has been offline since January, when extreme cold caused electrical issues at the plant on the upper Texas coast. An industry source with knowledge…
Elba Island LNG Secures Positive Environmental Assessment from FERC
Federal regulators have found that Kinder Morgan Inc. (KMI) and its partners in Elba Island LNG could proceed with a 0.4 million metric tons/year (mmty) expansion project without significant environmental impact. Elba Liquefaction Co. LLC, a joint venture between KMI, Blackstone Credit and an undisclosed third party, filed a request with FERC last October to…
NextDecade Looks to Ink Contract with Bechtel for Rio Grande LNG Expansion by July
As NextDecade Corp. progresses construction on the first three trains for its Rio Grande LNG project in Texas, it is working to firm up contracts for its second phase by the middle of the year. Houston-based NextDecade last year broke ground in Brownsville, TX, on the first three trains of the facility, which could add…
Golden Pass, Delfin Take Final Capacity for Kinder Morgan’s Texas-Louisiana Expansion Project
Kinder Morgan Inc.’s (KMI) Texas-Louisiana Expansion project, aimed at bringing additional natural gas supply to the Gulf Coast, is now fully subscribed after two LNG exporters signed on as customers. Natural Gas Pipeline Company of America LLC (NGPL), a KMI subsidiary, told FERC in a recent filing it has inked agreements to supply the Golden…
EQT’s Rice Touts Natural Gas ‘Competitive Advantage’ in $5B-Plus Recombination Deal with Equitrans
EQT Corp., the largest natural gas producer in the United States, agreed Monday to buy former entity Equitrans Midstream Corp., bringing back together Appalachian-based giants in what executives said was a game-changing opportunity. The all-stock transaction, estimated Monday at around $5.5 billion, would hold 27.6 Tcfe of proved reserves across nearly two million net acres.…
Jalisco Company Serving up Natural Gas to Tequila Industry With New Pipeline
The Tequila Valley Pipeline is soon to begin operations, allowing natural gas to reach tequila producers in Mexico’s Jalisco state, Rolando Martinez D’Meza Violante, Business Development Manager in Corporación CH4, told NGI’s Mexico GPI. “The fact that we were able to construct a natural gas pipeline is going to allow us to enter the big…
Russia, China Slow to Progress Power of Siberia 2 Natural Gas Negotiations
Negotiations between Russia and China over the Power of Siberia 2 (POS 2) pipeline, which would further link the countries, have shown no signs of gaining traction. Although Moscow is eager to close the deal, disagreements over pricing, tariffs, taxes, financing and the pipeline route may make it difficult for the project to meet its…
Enbridge Earmarking More Capital to Build Out Gulf Coast LNG, Oil Infrastructure
With a portfolio of North American projects from which to pick and choose, Enbridge Inc. is zeroing in on the Gulf Coast to advance a plethora of natural gas and oil projects to move more supply overseas. The Enbridge executive team during the annual investor day conference on Wednesday laid out the near-term strategy in…
South, Southeast Asian Importers Poised to Drive Growth in New Normal for Global LNG Market – Column
The last few months have seen the European natural gas market enter a new phase of its post-Ukraine invasion existence.