Freeport LNG, which provides around 20% of U.S. LNG processing, disclosed the shutdown late on June 8 after appraising damage to the massive facility.
Brent crude futures and WTI crude futures in the U.S. rose immediately following the data release, along with gasoline and distillate futures.
Sources said that Exxon Mobil, TotalEnergies, Shell and ConocoPhillips were among those chosen to partner with state-owned Qatar Energy on its LNG expansion project.
Depleted natural gas inventories and market uncertainty across Europe make U.S. LNG a hot commodity as several countries begin to hedge bets on Russian gas.
The Oklahoma City-based company wants someone to “lead new business opportunities for Chesapeake” in LNG and provide executives with “guidance on LNG marketing activities,” according to a LinkedIn posting.
President Andres Manuel Lopez Obrador said the potential New Fortress projects in Mexico included an LNG facility, and mentioned by name the company’s CEO Wes Edens.
China Gas signed a 25-year agreement for LNG supply from Energy Transfer's Lake Charles LNG export facility, representing the first long-term LNG contract the company has signed.
Argentina launched a tender process to build a 563 km-long gas pipeline connecting the provinces of Neuquen and Salliquello, which is expected to increase current transport capacity by 25%.
Magellan and Enterprise are expanding this arrangement to now include Midland WTI futures customers who take delivery via ICE’s EFP or ADP mechanisms at one terminal and desire to transfer the barrels to the other terminal.
CenterPoint Energy is among the first utilities in the U.S. to produce zero-carbon hydrogen for blending with its natural gas supply with its new green hydrogen facility in Minneapolis.