Jamison Cocklin

5 days ago | naturalgasintel.com | Jamison Cocklin |Chris Newman |Christopher Lenton |Carolyn Davis

European natural gas prices bounced back on Monday after posting a weekly loss on Friday for the first time in four weeks with storage worries mounting. Natural gas inventories on the continent have been steadily rebuilding, but are still at 48% of capacity, compared with 70% at this time last year. The Title Transfer Facility (TTF) prompt month contract added about 30 cents to finish higher at $11.72/MMBtu on Monday after falling nearly 7% over the course of last week.

1 week ago | naturalgasintel.com | Jamison Cocklin |Chris Newman |Carolyn Davis |Jodi Shafto

EOG Resources Inc. said Friday it would take over Encino Acquisition Partners (EAP) in a $5.6 billion deal to boost its position in Ohio to 1.1 million net acres, making the company a leading producer in the play. EOG is acquiring EAP’s 675,000 net acres that span the Utica’s oil and gas windows. The assets represent more than 2 billion boe of undeveloped resources. EOG said it would fund the acquisition with $3.5 billion of debt and $2.1 billion of cash on hand.

1 week ago | naturalgasintel.com | Jamison Cocklin |Chris Newman |Carolyn Davis |Jodi Shafto

NO. 1: NextDecade Corp. has signed a binding sales and purchase agreement to sell Jera Co. Inc. 2 million tons/year of LNG for 20 years from the Rio Grande export project under development in South Texas. NextDecade said it would supply the LNG from the fifth train on a free-on-board (FOB) basis at prices linked to Henry Hub. The company is in the process of building the first 17.6 million tons/year (Mt/y) phase that consists of three trains. It is working to commercialize the fourth and fifth trains.

1 week ago | naturalgasintel.com | Jamison Cocklin |Chris Newman |Carolyn Davis |Jodi Shafto

Cheniere Energy Inc. has signed another agreement with a Canadian producer to secure North American natural gas supplies at prices tied to an international index to feed continued growth at its LNG export facilities on the Gulf Coast. Cheniere signed a gas supply agreement, or what it calls an integrated production marketing agreement, with Canadian Natural Resources Ltd. Under the deal, Canadian Natural would supply Cheniere with 140,000 MMBtu/d of natural gas for 15 years.

1 week ago | naturalgasintel.com | Jamison Cocklin |Chris Newman |Carolyn Davis |Jodi Shafto

European natural gas prices declined on Tuesday as trade tensions with the United States eased. President Trump said new tariffs on the European Union (EU) would be delayed until July 9 after a weekend phone call with European Commission President Ursula von der Leyen. Trump had threatened to impose a 50% tariff rate on EU goods within days. The July Title Transfer Facility (TTF) contract gave up 8 cents on Tuesday to finish at $12.32/MMBtu.