Story of the day
Natural Gas Futures, Spot Prices Find Fresh Footing Following Seasonally Light Storage Increase
International
Egypt Boosts LNG Import Capacity with FSRU Charter – The Offtake
A roundup of news and commentary from the global gas market Egypt has secured a floating storage and regasification unit from Höegh LNG Holdings Ltd. to secure more natural gas imports to the energy-hungry country as the outlook for its exports to the global market dims. Egyptian Natural Gas Holding Co. has brokered a deal…
May 2, 2024Earnings
Diamondback Ready to Support Scaling West Texas Natural Gas Egress
Pipeline constraints in the oil-rich Permian Basin have not impacted Diamondback Energy Inc.’s production, but “pushing out more pipes” could help low natural gas prices in West Texas. During a call to discuss first quarter results, CEO Travis Stice said, “we’re going to continue to need pipes being built about every 12-18 months in the…
May 2, 2024LNG
Labor Crunch Could Push Back Golden Pass Start-Up – Three Things to Know About the LNG Market
NO. 1: Golden Pass LNG’s timeline for starting production could slip further into 2025. A shortage of skilled workers and other construction issues are reportedly causing delays. Market speculation about the project has grown this week as traders continue to watch U.S. export projects along the Gulf Coast for signs of new demand later this…
May 2, 2024Earnings
Shell Overcomes Slumping Natural Gas Prices as Global LNG Volumes, Production Increase
Anyone wanting to perfect the basic fundamentals of trading and optimizing LNG sales on the global market probably need look no further than to Shell plc. The No. 1 global liquefied natural gas trader, and Europe’s leading oil and gas producer, overcame slumping commodity prices during the first quarter to deliver increased production and higher…
May 2, 2024Recent News
Natural Gas Prices