Analysts said it was normal for LNG plants and gas pipelines supplying them to shut for maintenance in the spring when demand is low.
The transaction is part of a strategy Sempra Energy originally unveiled in December to better position itself to capitalize on the growing global demand for cleaner fuels.
As we define the future energy mix, policymakers must not forget that natural gas is an excellent partner of renewable electricity generation, writes Tim Tarpley, senior vice president of government affairs on the Energy Workforce & Technology Council.
The decision not to extend the Exxon Mobil and Total contracts for the country’s first-ever LNG processing plan came as Qatar Petroleum prepares to vastly expand its capacity in the coming years with foreign investment.
The North American LNG market has “bounced back incredibly from the pandemic,” says Steven Kobos, president and CEO of Texas-based Excelerate Energy.
Natural gas producers need export markets to absorb excess production and keep domestic prices buoyant.
New Fortress Energy Inc. has signed a gas supply agreement (the GSA) with CFEnergia SA de CV, a subsidiary of Mexico’s Federal Electricity Commission (CFE), on March 29.
The net-zero LNG trade, which typically involves companies offsetting emissions, is expected to grow as investors increasingly consider ESG factors and the energy transition gathers pace, analysts say.