U.S. gas producers, which curbed some output last year when prices were below $2 per MMBtu, are now adding gas rigs and boosting output as the price has more than doubled to $4.26 per MMBtu this week.
Unlike in oil, where the prospects of strong growth are being dampened by WTI crude prices falling below $70 per barrel and major uncertainties in international prices and politics, natural gas output appears to be prime for growth this year…
Venture Global’s Plaquemines LNG shipped its first commissioning cargo at the end of December 2024, while Cheniere Energy produced its first LNG from its Corpus Christi Stage 3 Liquefaction Project during the same month. These plants are still in a stage of commissioning, but they are drawing natural gas and already sending cargoes overseas.
DB2
Long LNG