CNG/LNG

This one makes us white-hot with anger. Our “cousins” to the north, who have bashed fossil energy repeatedly and have disrespected the Trump administration on numerous occasions, now want to export more of their natural gas to the U.S. so we can use it in our LNG exports to other countries. NO THANKS. You can keep your gas and stick it where the sun doesn’t shine. We have PLENTY of our own gas, and we could extract even more (from the Marcellus/Utica, other plays, too) if we had available pipelines to flow it. We don’t need or want Canadian gas that would displace existing molecules in our limited pipelines. Read More “Canada Should KEEP Its Natural Gas, Not Export It to U.S. for LNG”

Last summer, Venture Global announced a final investment decision (FID) for “Phase 1” of its Calcasieu Pass 2 (CP2) LNG project (see Venture Global Makes FID to Build Massive Calcasieu Pass 2 LNG). Venture Global announced yesterday that it has now made an FID on Phase 2 of the CP2 project. When all is done, CP2 will be massive, with a peak production capacity of 29 MTPA (million tonnes per annum). The facility will use roughly 4.1 Bcf/d (billion cubic feet per day) of shale gas. Read More “VG Announces FID and Financial Close for “Phase 2” of CP2 LNG”

The Golden Pass LNG terminal is a liquefied natural gas terminal and regasification facility in Sabine Pass (Port Arthur), Texas. It is among the largest LNG facilities in the world. It can accommodate up to 15.6 million metric tons (MT) of LNG per year, the equivalent of approximately 2 billion cubic feet of natural gas per day (Bcf/d). QatarEnergy, Qatar’s state-owned petroleum company, owns 70% of the Golden Pass LNG project. ExxonMobil owns the other 30%. Sabine Pass sees a tremendous amount of Marcellus/Utica molecules flowing to the region via a couple of pipelines, namely Transco (which flows M-U molecules). Hence, our interest in this major natural gas user’s start-up. We have good news… Read More “Golden Pass LNG in Sabine Pass Close to Exporting First Cargo”

Although the Iran war has caused shipping, including oil shipping, to temporarily stop through the Strait of Hormuz, the bigger story is how the war currently is, and will continue to, affect the price of natural gas around the globe. Yesterday, QatarEnergy announced it is suspending production at the world’s largest LNG export facility following attacks by Iran. Qatar accounts for 20% of global LNG capacity, so its decision removes 20% of the market’s LNG supply for now. It represents the most significant market shock since Russia’s invasion of Ukraine in 2022. Dutch TTF Natural Gas Futures (the European benchmark, like our own Henry Hub) for April 2026 have surged 85% since Friday, trading near €59.62 following a 33.97% jump earlier today. Read More “Qatar Shuts World’s Largest LNG Export Plant, Europe Gas Soars 85%”

U.S. LNG exporters are scrambling to capitalize on a 50+ percent price surge in European and Asian markets following an Iranian drone attack that halted production at Qatar’s massive Ras Laffan plant. Leading U.S. exporters like Venture Global and Cheniere Energy are maximizing output (squeezing every extra molecule out they can from existing plants) and rerouting cargoes to meet global shortages. While the U.S.’s flexible export contracts provide critical market stability, experts warn that American capacity cannot fully replace Qatar’s lost volumes, which account for 20% of global supply. Unless production resumes shortly, the world faces a more severe energy crisis than the 2022 Russian gas shock. Read More “VG & Cheniere Seek to Expand LNG Exports to Leverage War Pricing”