IEA: North America to Lead LNG Supply Growth in 2025

U.S. LNG projects ranging from Plaquemines LNG Phase 1 to Corpus Christi Stage 3 are set to account for around three-quarters of the global incremental supply coming online in 2025, according to the Paris-based International Energy Agency (IEA).

E&P Highlights: Oct. 14, 2024

Here’s a roundup of the latest E&P headlines, including another delay at one of the largest gas fields in the world and two major contracts in West Africa.

First-half 2024's US LNG Exports Rise 3%, DOE Says

U.S. LNG exports rose 3% in the first half of 2024 compared to the same six month period in 2023 and the top 10 countries importing U.S. LNG accounted for 67% of the North American country’s LNG exports in the first half of 2024, according to a recent report from the U.S. DOE.

RBAC: Environmental Pressures Undercutting the Global Gas Network

RBAC founder and energy economist Robert Brooks worries that environmental goals and pressures have taken a front seat at the expense of affordable energy access to countries such as Africa.

Cove Point LNG Poised for Restart After Maintenance

Cove Point LNG is set to come back online soon, Rystad Energy said Oct. 10, as natural gas futures rose 1% on forecasts for higher demand and the return of the facility to operational status.

LNG Sector Under Fire as Activists’ Lawsuits Surge

ESG litigation is increasingly affecting the LNG industry while, more broadly, nearly 70% of climate-related cases are filed in the U.S.

Woodside Closes $900MM Acquisition of Tellurian, Renames LNG Facility

Following the close of its acquisition of Tellurian, Woodside has renamed the Driftwood LNG development as Woodside Louisiana LNG.

Exclusive: Chevron’s Big Worry for the Permian Basin? Infrastructure

Colin Parfitt, the president of midstream for Chevron, said U.S. permitting can be slow and the LNG has only exacerbated concerns about moving Permian gas to Gulf Coast export terminals.

Exclusive: MET Eyes US LNG as European Natgas Demand Slows

Europe's MET Group has its eye on U.S. LNG as European natural gas demand is forecasted to decrease, said Benjamin Lakatos, chairman and CEO of MET Group, at Gastech 2024 in Houston.

Exclusive: Enbridge’s Next Plans Post Dominion Acquisitions, More LNG

Enbridge’s Allen Capps shares the company’s long term growth solutions, and his optimism on gas prices, following completion of transformational natural gas deals with Dominion, in this Hart Energy Exclusive interview.