YPF files application to for $51bn Argentina LNG project
Argentina’s state-controlled YPF, together with partners Eni and XRG, has submitted an application to enrol the Argentina LNG project in the country’s Large Investment Incentive Regime (RIGI). The $51 billion project will export liquefied natural gas from the Vaca Muerta shale formation, with operations targeted to begin in 2031.
US gas era shifts as Henry Hub seen at $5/MMBtu by 2035
The decade of structurally cheap US gas is drawing to a close, with Henry Hub prices forecast to rise towards $5 per MMBtu by 2035 from below $3 per MMBtu, as LNG demand growth tightens domestic balances, Wood Mackenzie said.
Montney eyed as strategic assets for Canada’s LNG ambitions
Designating the Western Canadian Sedimentary Basin and the Montney formation as “strategic national assets” would help reduce feedgas risk and uncertainty facing Canada’s LNG sector today, Ottawa-based Public Policy Forum said in a report on unlocking LNG export potential.
Shell pauses $3bn buyback, lifts LNG Canada feedgas exposure
Shell has temporarily suspended its $3 billion share buyback programme, citing legal constraints linked to its pending acquisition of ARC Resources. The $16.4 billion deal would expand Shell’s position in the Montney Shale – a key source of feedgas supply for LNG Canada.
Vaca Muerta gains LNG traction amid Middle East supply risk
Argentina’s Vaca Muerta shale is drawing investor interest to a 15-block licensing round for blocks suited for LNG feedgas development. The bidding round comes as LNG buyers reassess their portfolio exposure to supplies chains build around the Strait of Hormuz. Disruption or perceived risk to future LNG exports from Qatar and the UAE have increased interest in Atlantic Basin alternatives.
US LNG export boom ignites fracking ramp-up
Fracking activity is ramping up across the U.S. as producers cater to booming LNG export demand and seek to pre-empt service price spikes. Early movers can reap superior margins.
US shale output surges on Qatar LNG disruption
Shale gas production in the US is projected to surge by up to 40% as American supply fills the gap caused by force majeure on Qatari LNG shipments. Analysts expect US LNG to double, exceeding 30 billion cubic feet per day (bcf/d) by 2050.
Permian Shale stages record rise in gas production
Fracking in the Permian Basin has staged a record 11% annual rise in gas production, adding 2.7 bcf/d to reach 27.7 bcf/d, suppored by break-even prices as low as $61 per barrel in the Midland Basin, one of the Permian's largest oil and associated gas formations.
LNG feedgas demand accelerates US pipeline completions
Rampant feedgas demand for US LNG exports is speeding up the completion of intrastate pipelines, with total capacity now reaching approximately 6.3 billion cubic feet per day (Bcf/d), according to the EIA’s updated Natural gas Pipeline Projects Tracker. About 85%, or 5.3 Bcf/d, of the additional capacity is designed to move shale gas from the Haynesville and Permian formations to the Louisiana Gulf Coast.
Asian private E&P capital on the lookout for US LNG-linked assets
Private capital from Asian exploration and production (E&P) investor are flocking to the North American market in search for LNG-linked assets. Deal flow is shaped by a ‘merger of equals’ as consolidation among Canada’s Montney shale producers accelerates, and Asian buyers seek to get their hands on shale and LNG-linked assets in the US.
