Updated Aug 22, 2024
8/22/24
NextDecade Corp. CEO Matt Schatzman said this week that the U.S. Court of Appeals for the District of Columbia Circuit’s decision vacating FERC authorization for its Rio Grande LNG project sets a dangerous precedent. The company, he said, is prepared to take “any and all available legal and regulatory actions” to ensure the project isn’t delayed.
Weekly natural gas cash prices sank as former Hurricane Debby curbed demand in the East and West Texas prices sank deeper into the negative.
The Rio Grande and Texas LNG projects are potentially facing lengthy delays after a federal appeals court on Tuesday vacated their FERC authorizations, effectively leaving them without a key approval to move ahead with construction and operation.
Venture Global LNG Inc.’s CP2 export facility has received the final federal approval, ending a more than 10-month wait for authorization.
Hot weather and maintenance work cutting into supplies pushed global natural gas prices higher on Monday.
The developer of the proposed Texas LNG project has asked FERC for an additional five years to build and place the 4 million metric ton/year (mmty) export terminal into service.
EQT Corp. has expanded an agreement to ultimately give it 2 million metric tons/year (mmty) of natural gas liquefaction capacity at Glenfarne Energy Transition LLC’s proposed export plant in Brownsville, TX.
Tellurian Inc. is looking to join the wave of Gulf Coast LNG developers partnering with exploration and production (E&P) companies on tolling agreements to raise international exposure, executive chairman Martin Houston said Tuesday.
Propelled by its latest tentative offtake agreements, Glenfarne Energy Transition LLC is looking to close deals on the remaining volumes of its 4 million metric ton/year (mmty) Texas LNG project by the end of July.
Glenfarne Energy Transition LLC has placed a quarter of its Texas LNG export project under tentative contracts after the latest agreement with a unit of Gunvor Group Ltd.