LNG

Kinder Morgan Inc. (KMI), the leading US pipeline feed-gas company for liquefied natural gas plants and a key energy infrastructure operator and developer, posted solid first-quarter earnings and forecast a surge through 2030 of LNG exports and pipeline gas deliveries to Mexico.

Matador Resources Company, the oil and natural gas independent in the southwest United States, has entered into an agreement to acquire shale assets in the Delaware Basin of West Texas and New Mexico for $1.905 billion in cash as the current US mergers and acquisitions wheel continues to turn.

Chesapeake Energy Corp., the US natural gas producer with LNG interests and currently completing a merger with Southwestern Energy to create one of America’s biggest natural gas companies, reported a slump in profits and revenues in the first quarter, citing weak market dynamics.

Chesapeake Energy Corp. and Southwestern Energy Co., two companies that helped enable the start of US liquefied natural gas exports by providing low-priced feed-gas, are reported to be on the verge of a merger deal as early as this week to create a $16.7 billion company that would be the nation’s largest natural gas producer.

Tokyo Gas Co., one of the leading Japanese LNG importers and the largest provider of city-gas services in the Tokyo metropolitan area, has agreed to pay $2.7 billion to acquire US upstream natural gas company Rockcliff Energy and its assets in the Haynesville Shale.

Tellurian Inc., the developer of the Driftwood liquefied natural gas export plant near Lake Charles in Louisiana, has ousted co-founder Charif Souki as Executive Chairman and has chosen Souki’s long-time business partner Martin Houston as the new Tellurian Chairman.

Williams Companies, a leading US natural gas pipelines operator, has outlined plans for supplying more feed-gas for liquefied natural gas export plants on the Gulf Coast and to meet the nation’s growing needs for gas-fired power.

Kinder Morgan Inc. (KMI), the leading US pipeline feed-gas company for liquefied natural gas plants and a key energy infrastructure developer, has announced plans to expand the working gas storage capacity at its Markham facility in Matagorda County along the Texas Gulf Coast.

Energy Transfer, the owner of pipeline and other assets in the Permian Basin and other shale basins in the Gulf Coast states as well as the Cushing crude oil delivery system and with a currently stalled LNG export project, reported solid first-quarter earnings amid advances in LNG feed-gas pipeline plans.

Tellurian Inc., the US LNG developer of the Driftwood project near Lake Charles in Louisiana, said it ended the fourth quarter of 2022 with the first phase of Driftwood LNG under construction and $474.2 million of cash and cash equivalents available as short-term financing and operating costs.