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Westcoast Wins Right to Service Natural Gas Flow for LNG Canada with NGTL
Enbridge Inc. has won a contest with TC Energy Corp. to collect high-volume natural gas pipeline flows for the Royal Dutch Shell plc-led LNG Canada export terminal under construction in northeastern British Columbia (BC). Disclosure of the commercial coup surfaced in a procedural dispute before the Canada Energy Regulator (CER) between Enbridge’s Westcoast network in…
July 14, 2020LNG
Argentina Fetches Lowest Price in 12 Years for Full Complement of Winter LNG Cargoes
Argentina’s state-owned Integración Energética Argentina (Ieasa) has purchased 28 liquefied natural gas (LNG) cargoes for the Southern Cone winter at a record price of $2.87/MMBtu on average, the company said on Monday. Despite growing domestic gas production from the Vaca Muerta formation and plans to develop large-scale LNG facilities, Argentina continues to import LNG in…
July 14, 2020Markets
EIA Says Henry Hub Natural Gas Averaged $1.81/MMBtu January-June
U.S. natural gas benchmark Henry Hub prices tracked nearly $1 below year-ago levels in the first half of the year, averaging only $1.81/MMBtu, according to the Energy Information Administration (EIA). This included a record low of $1.61 in June and sub-$2 gas in each month from February through June. Before 2020, the Henry Hub price…
July 13, 2020Markets
LNG Recap: Lack of Export Demand has U.S. Storage on Track to Fill by Fall
Feed gas deliveries to U.S. LNG terminals hit a new low last week as global prices are still weighed down by a supply glut and demand for American exports remains subdued given high storage inventories in Asia and Europe. Genscape Inc. noted that feed gas volumes fell to 2.8 Bcf on Thursday, while NGI’s export…
July 13, 2020Trending News
