Sempra Infrastructure announced Tuesday that it has signed a long-term deal with French utility Engie for the supply of liquefied natural gas from the Port Arthur LNG facility in southeast Texas. Engie agreed to buy .875 million tons per annum (Mtpa) of LNG from phase 1 of the project. “Engie is a leader in Europe’s…
Sempra Signs Deal With French Utility for Gas From Texas LNG Plant
December 8, 2022
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Company Aims to Build LNG Export Terminal on Delaware River for European Markets
December 1, 2022
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Penn American Energy is in the early stages of developing a $6.8 billion liquefied natural gas (LNG) export terminal in Pennsylvania, the nation’s second largest producer of natural gas. Texas is the top producer. The company has evaluated sites in Pennsylvania, New Jersey, and Delaware but has settled on a not-yet-specified location on the Delaware…
Qatar to Supply Liquefied Natural Gas to Germany From 2026
November 29, 2022
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DOHA, Qatar—Qatar is to supply liquefied natural gas to Germany under a 15-year deal signed Tuesday as the European economic powerhouse scrambles to replace Russian gas supplies that have been cut during the ongoing war in Ukraine. Officials gave no dollar value for the deal, which would begin in 2026. Under the agreement, Qatar would…
ConocoPhillips, Sempra Move Forward with Texas Gulf Coast LNG Project
ConocoPhillips has executed a 20-year Sale and Purchase Agreement to buy more than 5 million tonnes per annum (Mtpa) of liquified natural gas from Sempra Infrastructure’s Port Arthur LNG project in Southeast Texas. California-based Sempra Infrastructure, a subsidiary of Sempra, and ConocoPhillips announced the companies are moving forward with the plans they originally announced in…
World Is in Its ‘First Truly Global Energy Crisis’: IEA’s Birol
SINGAPORE—Tightening markets for liquefied natural gas (LNG) worldwide and major oil producers cutting supply have put the world in the middle of “the first truly global energy crisis,” the head of the International Energy Agency (IEA) said on Tuesday. Rising imports of LNG to Europe amid the Ukraine crisis and a potential rebound in Chinese…
Australia Gas Mining Companies Get Windfall $40 Billion ‘War Profits’ Surge
Australia’s gas giants are raking in the profits from the war in Ukraine, according to the independent Australia Institute. Liquefied natural gas (LNG) profits were up to $40 billion extra in the 2021/22 reporting year, with almost no increase in the cost of production, according to research released on Wednesday. However, taxpayers are missing out…
Europe’s Rising Demand For Gas Provides Gains For Australian LNG Exporters
Australian gas exporters are expected to benefit from high gas prices caused by the intensifying war in Ukraine and a drop in Russia’s gas exports to Europe following the recent destruction of the Nord Stream pipelines. Multinational investment bank UBS has raised its forecast for the prices of Australian liquefied natural gas (LNG) in the…
Mélanie Joly Pushes LNG Ties in Japan and South Korea, Amid North Korea Missiles
Foreign Affairs Minister Mélanie Joly says Canada is set to become a major energy supplier for Japan and South Korea. She is visiting both countries this week, and says there is an appetite for liquefied natural gas from Canada, beyond a looming megaproject. A major export terminal is set to open in 2025 in Kitimat,…
Europe Facing Record High Shipping Rates for Liquid Natural Gas, Running Out of Storage Capacity
October 11, 2022
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A lack of ships is the latest challenge for buyers of liquefied natural gas (LNG) this winter, as Europe prepares for a season without Russian energy supplies and shipping rates are hitting records highs, according to a Bloomberg report. European countries are actually paying to keep LNG-loaded ships nearby as onshore storage facilities are maxed…
US Gas at $4–$5 Is a Thing of the Past, Says Tellurian Chairman
LONDON—The chairman of liquefied natural gas (LNG) company Tellurian Inc., Charif Souki, on Tuesday said that cheap U.S. gas is a thing of the past and the only solution for Europe’s energy crisis is to invest in U.S. gas infrastructure. “Getting (U.S.) gas in the water for $4–$5 is something of the past; if you…
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