Story of the day
Production Cuts Sustain Natural Gas Futures Rally; Pipeline Maintenance Hammers Waha Cash Prices
Earnings
NFE Expects First Cargo From Offshore Mexico LNG Project in June
New Fortress Energy Inc. (NFE) expects its floating LNG (FLNG) platform offshore Altamira, Mexico to produce first volumes later this month after experiencing a mechanical issue in April. NFE management in the first quarter earnings report said that the first cargo could be loaded at the liquefied natural gas facility in June. The company previously…
May 8, 2024Earnings
Williams CEO Says Natural Gas Demand Accelerating, but ‘Oversupplied’ Market Needs to be ‘Patient’
Williams executives are expecting strong growth for natural gas consumption in the years ahead, but said those levels of demand may not come “quite as quickly as a lot of people think,” and, in one case, that demand was not enough to overcome opposition to a pipeline project. “Natural gas demand is not just growing…
May 8, 2024Regulatory
Former FERC Chairman Chatterjee Sees LNG Permit Pathways Improving, but DOE Pause Clouds Outlook
While regulatory uncertainty from the Department of Energy (DOE) hangs over U.S. LNG development, former FERC Chairman Neil Chatterjee sees the pathway for permitting at the Commission improving. The liquefied natural gas industry’s focus has largely been pulled to the DOE since January, when the Biden administration ordered the agency to study the impact of…
May 8, 2024Earnings
BP Playing Contrarian on Low Natural Gas Prices, as Haynesville Output ‘Hedged Out’ through 2024
BP plc will continue to pump out “prolific” natural gas volumes from the Haynesville Shale as hedges are in place pricing the supply at around $4.00/Mcf through this year, CEO Murray Auchincloss said Tuesday. Auchincloss discussed first quarter performance during a conference call. He was asked why domestic gas volumes continue to be high in…
May 8, 2024Recent News
