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Baker Hughes CEO Heralds ‘The Age of Gas,’ Touts LNG as Climate Solution
Markets
Brightening LNG Demand Outlook Helping to Lift Natural Gas Forwards; West Texas Production Constrained
North American natural gas forwards rallied across the 2024 strip during the May 2-8 trading period as sagging production readings and an incrementally supportive LNG export outlook stirred bullish optimism. Benchmark Henry Hub set the tone, with June fixed prices rallying 25.5 cents week/week to reach $2.194/MMBtu, according to NGI’s Forward Look. Negative Basis in…
May 9, 2024Infrastructure
More Construction Issues Reported at Golden Pass – Three Things to Know About the LNG Market
NO. 1: The Zachry Group told its hourly construction workers in an email this week not to show up at the Golden Pass LNG site in Texas until further notice. The company said in a statement it was working through “temporary constraints” at the site, while media reports said there was a fuel shortage for…
May 9, 2024Earnings
Lower Natural Gas Prices, Rising Demand Fueling Uptick in International LNG Projects, Chart CEO Says
While regulatory uncertainty has clouded the outlook for large U.S. export projects, Chart Industries Inc. reported lower global prices and a continued rise in demand is driving an uptick in international LNG and natural gas projects this year. Management of the Atlanta-based specialty equipment manufacturer told analysts during a recent 1Q2024 call that liquefied natural…
May 9, 2024Earnings
NFE Expects First Cargo From Offshore Mexico LNG Project in June
New Fortress Energy Inc. (NFE) expects its floating LNG (FLNG) platform offshore Altamira, Mexico to produce first volumes later this month after experiencing a mechanical issue in April. NFE management in the first quarter earnings report said that the first cargo could be loaded at the liquefied natural gas facility in June. The company previously…
May 8, 2024Trending News
Infrastructure
