The Matterhorn Express Pipeline is designed to transport up to 2.5 billion cubic feet of natural gas per day.
Russia's invasion of Ukraine has prompted the European Union to rethink its energy policies amid sharpened concerns of supply shocks.
John Arnold, a former Enron trader and hedge fund honcho known as the “king of natural gas,” is backing Energy Opportunities Capital (EOC) Partners LLC through his family office.
In this exclusive video interview, Mike Mayers, business development manager at Aggreko, discusses using spare gas for cryptomining to monetize operators’ solution gas.
The project is aimed at increasing natural gas deliveries to the South Texas markets.
Traders noted U.S. natural gas prices were up despite a 7% drop in European prices and forecasts for milder weather and lower U.S. demand over the next two weeks than previously expected.
PGNiG’s LNG supply portfolio with U.S. partners currently stands at 7 million tons or 9 Bcm after regasification. A contract with Sempra would boost that by more than 40%.
Right now, U.S. natural gas futures would have to reach $20 per MMBtu to cool demand for U.S. LNG, said analyst Paul Sankey of Sankey Research.
Moscow’s sanctions came just a day after Ukraine halted a gas transit route, blaming interference by occupying Russian forces, the first time exports via Ukraine have been disrupted since the invasion.