Crescent will work with SAMSUNG E&A and Honeywell on the project.
Throwing out the permit for Williams’ operational REA project in the mid-Atlantic region was a mistake that could cost people “desperately” reliant on it, Chairman Willie Phillips said.
As global power demand rises, much of the world is unable to grasp the need for gas or the connection to LNG, experts said.
Methane emissions are falling in parts of the world as companies such as EQT, led by CEO Toby Rice, make strides to reduce emissions in their operations, although the task is not without challenges.
ConocoPhillips aims to ingrain itself into the global LNG ecosystem, from shale gas output at the wellhead to liquefaction to shipping to regasification in Europe and Asia, CEO Ryan Lance said.
BKV Corp. has positioned itself as an LNG supplier near Gulf Coast markets with production averaging 718 MMcfe/d across about 460,000 Barnett acres, supported by 778 miles of associated gas gathering pipelines and 65 compression units.
Energy executives from companies such as Cheniere and Woodside are planning for the energy transition—and natural gas as part of it.
The weekly storage report, released Sept. 19, showed a 58 Bcf increase from the week before, missing consensus market expectations of 53 Bcf, according to East Daley Analytics.
Under the terms of the agreement, set to be finalized later this year, Glencore will purchase 2 mtpa of LNG from Commonwealth LNG and source natural gas from Kimmeridge Texas Gas.
Comstock Resources reported this summer that it is gaining a better understanding of the formations’ pressure regime and how best to produce its “Waynesville” wells.