Pietro D
Pitts
Hart Energy
Germany Considering Repurposing Unused Nord Stream 2 Pipeline for LNG Use: Report
The German economy ministry is considering expropriating the German portion of the Nord Stream 2 pipeline system, built by Russian gas giant Gazprom, and cutting it off from the rest of the pipeline.
Fitch Places Freeport LNG on Rating Watch Negative
“The primary rating concern for Freeport LNG is that the sole source of revenue is dividends from the three liquefaction plants, owned by three operating companies,” Fitch said in a rating action commentary.
US Natgas Futures Drop to 11-week Low on Surprise Storage Build
In what has already been a volatile year of trade, the June 23 price drop was only the biggest one-day decline since mid-June. So far in 2022, U.S. natural gas futures have lost over 10% in five sessions.
Cheniere Eying Further LNG Growth Following Corpus Christi Expansion FID
Separately, Cheniere announced two LNG supply deals with Chevron, one of which is conditional on a positive FID of a new Corpus Christi liquefaction project, meaning the next leg of Cheniere’s expansion is in the works.
Canada-owned Trans Mountain Oil Pipeline Not Profitable: Budget Officer
Canada's parliamentary budget officer recently reported that the government-owned Trans Mountain pipeline has a net present value of negative C$600 million, making it no longer profitable.
Why is There a Worldwide Oil-refining Crunch?
Gasoline prices were already elevated before Russia invaded Ukraine but since mid-March, fuel costs have surged while crude prices are up only modestly. Here’s why.
Tankers Bound for Freeport LNG Divert to Trinidad, Maryland
The loss of Freeport LNG has European LNG buyers and some U.S. shale producers reeling, while rivals Cheniere Energy and Sempra LNG rush to produce more LNG to offset the losses.
Cheniere Signs Deal to Supply Chevron with LNG Until 2042
Chevron U.S.A. entered separate sale and purchase agreements with two of Cheniere Energy's subsidiaries, Sabine Pass Liquefaction LLC and Cheniere Marketing LLC, for the combined supply of 2 million tonnes per annum of LNG.
Cheniere Reaches FID on Corpus Christi Stage 3 LNG Export Plant
Cheniere Energy reached final investment decision on its Corpus Christi Stage 3 liquefication project after beginning construction on the project earlier in 2022.
Britain's Ineos Signs 20-year LNG Deal with Sempra Infrastructure
INEOS Energy has signed with Sempra Infrastructure for 1.4 million tonnes per annum of LNG for 20 years, marking INEOS' entry into the global LNG market.