NextDecade Set to Sanction ‘Minimum of Two Trains’ This Year Despite MOU Expiration

NextDecade Corp. has stopped all development activities for a liquefied natural gas (LNG) import terminal in Ireland, but the Houston-based developer still plans to reach a final investment decision (FID) this year on “a minimum of two trains” at the proposed export terminal in South Texas. A memorandum of understanding (MOU) reached in 2017 between…

Jordan Cove LNG Faces Another Setback as FERC Upholds Oregon Authority

FERC dealt a blow this week to the proposed Jordan Cove liquefied natural gas (LNG) export terminal by denying a petition filed last year by the sponsors to waive Oregon’s regulatory authority. Jordan Cove Energy Project LP and Pacific Connector Gas Pipeline LP had argued that the Oregon Department of Environmental Quality (ODEQ) far exceeded…

January 20, 2021

Commonwealth LNG Launches Competitive Bidding to Jumpstart Louisiana Export Project

Commonwealth Liquefied Natural Gas (LNG) has launched a tender soliciting bids from potential offtakers that could acquire supply from the proposed project in Louisiana at volumes, pricing and durations of their choosing.  The company is aiming to accelerate the supply contracting process by offering more flexibility. Offtakers could buy on a tolling, free-on-board (FOB) or…

January 19, 2021

Asia LNG Rally Subsides, but Wintry Weather Poised to Support Prices — LNG Recap

The rally in Asian natural gas prices has finally lost momentum as temperatures have warmed and supplies are creeping up across the region. Spot prices fell below $10.00/MMBtu on Monday as the February contract gave way to March delivery. The decline followed a rapid climb from late November through last week when Japan Korea Marker…

January 19, 2021

Volatility Abounds in Natural Gas Forwards Trading as Polar Vortex Seen Arriving Late January

Small price gains were seen along U.S. natural gas forward curves for the Jan. 7-13 period, but they did not tell the whole story. Volatility was in full swing as weather models continued to tease the market with signals that truly frigid winter weather may loom. February prices averaged 5.0 cents higher for the period,…

January 15, 2021