Recent News
Cheniere Energy Announces Positive FID on Corpus Christi LNG Stage 3 Project 6/22/2022
Cheniere has made a positive final investment decision on their seven train Corpus Christi LNG Stage 3 Expansion Project. The facility will add 10+ Mtpa in capacity to the existing Corpus Christi LNG footprint, and Cheniere intends to begin delivering new volumes by year-end 2025.
Cheniere Energy Signs Two LNG SPA Deals with Chevron - Considering Stage 4 Expansion of Corpus Christi LNG 6/22/2022
Cheniere Energy and Conoco have signed a pair of Long-Term LNG Sale and Purchase Agreements which will provide a total of 1 Mtpa in LNG supply. The first deal includes 1 Mtpa of LNG delivered on a free-on-board basis starting in 2026. They will ramp to the full 1 Mtpa in 2027 and the contract runs through 2042.
The second SPA deal includes another 1 Mtpa from Cheniere Marketing and would begin in 2027 and extend for 15 years. However, the second SPA is contingent on "Cheniere making a positive final investment decision to construct additional liquefaction capacity at the Corpus Christi LNG Terminal beyond the seven-train Corpus Christi Stage III Project." That requirement is notable, as it indicates Cheniere is looking into further expansions of the Corpus Christi LNG facility.
- 6/17/2022 - U.S. Government Considers Limit on Fuel Exports; Averages 755 Mboe/d in Gasoline Exports Thus Far
- 6/15/2022 - President Biden Pens Letter to U.S. Refiners to Alleviate High Gasoline Pricing
- 6/9/2022 - BKV and EnLink Midstream Reach FID on CCS Project in Barnett Shale; VP Comments on dCarbon Ventures
- 6/7/2022 - Callon Petroleum Lifts 2022 Free Cash Flow Guidance to $900MM
- 6/7/2022 - CPChem Announces Plans for New 60,000 MT PAO Expansion in Belgium
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Upstream
6/22/2022 - Tug Hill-Quantum Energy Considers Sale of THQ Appalachia I - Could Fetch $5B
5/31/2022 - Cenovus Energy Restarts ~80 Mbbls/d West White Rose Project; First Oil in 1Q26
5/17/2022 - Battalion to Develop Acid Gas and Carbon Sequestration Facility in Winkler Co., Texas
5/11/2022 - Oxy Reports 1Q22 U.S. Production of 896 Mboe/d; Permian Expected to Grow in 2Q22 and Back Half of 2022
5/3/2022 - Exxon Divesting Romanian Upstream Affiliate for $1 Billion to Romgaz
5/3/2022 - Devon's Self-Owned Texas Sand Mine to Save Them >$200,000 Per Well
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Midstream
6/23/2022 - PBO Concludes Trans Mountain Project Unprofitable to Canadian Government
6/22/2022 - Russia Promises to Continue Supplying Hungary with Natural Gas
6/22/2022 - Sweden Activates Emergency Gas Supply Plan
5/16/2022 - Diamondback Energy Agrees to Buy Rattler Midstream for $2.2B; Acquires its Common Stock
4/29/2022 - TC Energy Expecting to Complete Alberta XPress Project in Late2022/Early 2023 After Securing FERC Approval
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LNG
6/28/2022 - Saipem-CTCI Corp Begins Offloading First LNG Shipment at Nong Fab in Thailand
6/22/2022 - Exxon Talking with U.S. Government About Accelerating Golden Pass LNG Facility
6/7/2022 - Chesapeake Now Seeking "LNG Advisor" to Help Firm Find New Business in the LNG Space
5/26/2022 - Sempra Signs HOA with Germany's RWE to Supply 2.25 Mtpa in LNG from Port Arthur Projecy
4/28/2022 - ADNOC Plans to Build a 9.5 MTPA Fujairah LNG Facility on the Gulf of Oman
4/28/2022 - Glenfarne Group Still on Pace for Texas LNG Project FID in 2022
4/6/2022 - NextDecade Secures 20-Year LNG SPA w/ ENN for 1.5 Mtpa at Rio Grande LNG Facility
Current Research
Power
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Daily EIA Power Stack Report - 6/29/2022
Natural Gas
- LNG Export Report - 6/29/2022
- Southeast Pipeline Flow Analysis - 6/29/2022
- Northeast Pipeline Flow Analysis - 6/29/2022
- Midwest Pipeline Flow Analysis - 6/29/2022
- South Central Pipeline Flow Analysis - 6/29/2022
- West & Rockies Pipeline Flow Analysis - 6/29/2022
- Fundamental Natural Gas Report - 6/29/2022
- Early Look Natural Gas Updates - 6/29/2022
- Natural Gas Storage Update - 6/28/2022
- Natural Gas Highlights - 6/28/2022
- Daily Energy News (free) - 6/28/2022
- Monthly Midstream Project Updates - 6/28/2022
- European Daily Gas Storage Report - 6/27/2022
- Criterion Research Industry Alerts - 6/27/2022
- LNG Monthly Project Updates - 6/23/2022
- European Daily LNG Import Storage Report - 6/22/2022
- Long Term Natural Gas Supply & Demand Report - 6/17/2022
Crude Oil
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Crude Oil Highlights - 6/28/2022
Criterion's News Feed
- Williams Sanctions 1.8 Bcf/d Louisiana Energy Gateway Pipeline to Increase Haynesville Takeway to Gulf Coast - 6/29/2022
- Greece Looks to Italy for Help Storing 7 Bcm of Natural Gas - 6/29/2022
- Russia Enters State of Emergency after Discovering WW2-Era Deep Sea Mine Near Oil Pipeline - 6/28/2022
- Saipem-CTCI Corp Begins Offloading First LNG Shipment at Nong Fab in Thailand - 6/28/2022
- South Korea Raises Domestic Natural Gas Prices to 7.7% - 6/28/2022
- Two Swedish Companies Evalute Possible Development of Offshore Wind + Hydrogen Value Chain within Refining Industry - 6/28/2022
- U.S. Interior Department Holding First Onshore Oil & Gas Auction Since President Biden Took Office - Royalty Rates Lifted to 18.75% - 6/28/2022
- Germany & Canada Discussing LNG Export Facility for Canada's East Coast - 6/28/2022
- Colonial Pipeline Reaches Settlement Over 2016 Gas Leak & Explosion - 6/28/2022
- Germany May Not Complete Two LNG Terminal Projects by Years End - 6/28/2022
- African Export-Import Bank Signs Heads of Terms Tied to Proposed Floating LNG Project in Nigeria - 6/28/2022
- Sonatrach Restarts Arzew LNG Facility Following Earthquake - 6/28/2022
- Greece Aiming to Triple LNG Storage Capacity and Add +16 GW of Renewables Within a Decade - 6/28/2022
- Chevron Planning Sale of California HQ - Relocating Some Workers to Texas - 6/28/2022
- Berkshire Hathaway Continues to Bolster Holdings in Occidental Petroleum w/ 794K Shares - 6/28/2022