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MPL CEO Sees ‘More Urgency’ in LNG Market as Customer Interest in Mexico Project Ramps Up

MPL CEO Sees ‘More Urgency’ in LNG Market as Customer Interest in Mexico Project Ramps Up

Plans to develop a liquefied natural gas (LNG) export facility on Mexico’s west coast are moving steadily forward as the project is garnering more interest from potential offtakers in Asia. Mexico Pacific Ltd. LLC, the Houston-based company developing the project, signed a fifth memorandum of understanding (MOU) with a potential buyer in December, CEO Doug…

May 5, 2021
Global Natural Gas Prices Sputter, but Stronger Outlook Remains Unchanged — LNG Recap

Global Natural Gas Prices Sputter, but Stronger Outlook Remains Unchanged — LNG Recap

A rally in Asian and European natural gas prices lost steam last week, but fundamentals remain unchanged as the coming months are still expected to be tight.  European futures closed higher on Tuesday, recovering some of last week’s losses as the near-term curve was lifted by lingering cold, weak Russian pipeline imports and ongoing strength…

April 27, 2021
U.S. LNG Terminals Seen Running at Full Capacity Through Summer to Meet Global Demand

U.S. LNG Terminals Seen Running at Full Capacity Through Summer to Meet Global Demand

It’s shaping up to be a drastically different summer for U.S. liquefied natural gas (LNG) exporters as the global market has unexpectedly tightened and demand has spiked in a reversal of fortunes from last year when trade slumped to historic lows.  “Things changed a lot,” said Rystad Energy’s Carlos Torres Diaz, head of gas and…

April 23, 2021
Global Natural Gas Prices Inch Higher as Colder Weather Stokes Demand — LNG Recap

Global Natural Gas Prices Inch Higher as Colder Weather Stokes Demand — LNG Recap

Resilient demand in Asia and colder weather in Europe supported global natural gas prices at the start of the week, further strengthening the outlook for U.S. liquefied natural gas (LNG) exports.  Both near-curve Title Transfer Facility and National Balancing Point contracts in Europe closed higher Monday. Temperatures across the continent are expected to trend cooler…

April 12, 2021
U.S. to Lead Global LNG Supply Growth This Summer, Says Goldman

U.S. to Lead Global LNG Supply Growth This Summer, Says Goldman

Global liquefied natural gas (LNG) supplies are expected to rise by 43 million metric tons/year (mmty) this summer with the United States in the lead, according to Goldman Sachs Group Inc. The investment bank’s analysts projected domestic LNG exports could grow by 35 mmty this summer from 2020 levels, as flows normalize. By comparison, leading…

April 6, 2021
Low European Natural Gas Stocks ‘Good News’ for U.S. LNG Exporters

Low European Natural Gas Stocks ‘Good News’ for U.S. LNG Exporters

European Union (EU) natural gas storage inventories are trending below the 5-year average, setting the stage for a potential boost for U.S. exporters in the coming weeks and months. “Low EU gas stocks are good news for U.S. LNG exporters, notably as U.S. LNG netbacks are relatively high for both Asia and Europe, which should…

March 17, 2021
Global Gas Prices Slip, but European Natural Gas Inventories Continue Falling — LNG Recap

Global Gas Prices Slip, but European Natural Gas Inventories Continue Falling — LNG Recap

Global natural gas prices retreated Tuesday, pushed lower by varying factors including warmer weather in Asia and a stronger supply outlook in Europe.  Japan Korea Marker spot prices for late April delivery were assessed at nearly $7.00/MMBtu Tuesday, up from less than $6.00 about a week ago when prices started climbing on stronger buying activity.…

March 16, 2021
Asia Said No. 1 Destination in 2020 for U.S. LNG Exports

Asia Said No. 1 Destination in 2020 for U.S. LNG Exports

Asia dethroned Europe as the top destination for U.S. liquefied natural gas (LNG) cargoes last year, taking in almost half of all exports, according to the Energy Information Administration (EIA). U.S. exports to Asia increased 67% in 2020 compared with 2019, accounting for 3.1 Bcf/d, EIA said. Though Covid-19 brought global economies to a near…

March 15, 2021
Global Natural Gas Prices Give Up Gains on Warmer Weather — LNG Recap

Global Natural Gas Prices Give Up Gains on Warmer Weather — LNG Recap

Global natural gas prices weakened on Monday amid bearish weather forecasts.  Both the prompt Dutch Title Transfer Facility and the UK’s National Balancing Point gave up last week’s gains, when the European benchmarks were pushed up by cooler temperatures, rising carbon prices, improving crude oil and stronger sentiment in the Asian gas market. Above-normal temperatures…

March 8, 2021
Macquarie Launches WaveCrest Energy to Develop LNG Markets in Asia, Latin America

Macquarie Launches WaveCrest Energy to Develop LNG Markets in Asia, Latin America

An affiliate of Australian investment bank Macquarie Group Ltd. has launched a company to develop and operate liquefied natural gas (LNG) infrastructure projects.  WaveCrest Energy LLC  would develop, construct, operate and own LNG regasification, power and downstream infrastructure assets. The company initially would primarily serve Latin American and Asian markets to establish and develop demand…

February 25, 2021
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