Louisiana (USA): In the final week of July, U.S. Natural Gas prices experienced a significant drop, settling at USD x.xxx per million British thermal units (mmBtu). This decrease was driven by rising output, ample inventories, and shifting demand dynamics.
Texas LNG, a subsidiary of Glenfarne Energy Transition, finalized a major tolling agreement for xxx of its future terminal’s LNG capacity. This move, which follows two earlier agreements with EQT, will enhance future capacity. Despite a xxx decline in the national rig count, rig productivity increased by xxx, contributing to lower prices. Operational efficiencies and fewer rigs led to a reduction of x,xxx jobs in Texas&#xx; upstream oil and Natural Gas sector in June. Glenfarne aims to develop one of the world&#xx;s cleanest LNG export terminals, boosting the industry’s capacity and global reach.
Sources indicate that for the week ending July xx, xxxx, U.S....
