Natural gas futures plummeted Wednesday as weather models continued to seesaw, production increased, export cargoes were reportedly cancelled, and the latest government inventory print fell shy of market expectations. The January Nymex contract settled at $2.608/MMBtu, down 17.2 cents day/day. February fell 16.1 cents to $2.588. NGI’s Spot Gas National Avg., meanwhile, dropped 18.0 cents…
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Significant U.S. LNG Cargo Cancellations Not Likely in 2021, BofA Analysts Say
Asian liquefied natural gas (LNG) spot prices are at two-year highs and are projected to remain strong enough next summer to prevent significant cancellations of U.S. LNG cargoes in 2021, BofA Global Research analysts said. Projected U.S. LNG export arbitrages for next summer are now positive, in the range of $0.75-$1.00/MMBtu, the analysts said in…
Cheniere Squeezed by LNG Cargo Cancellations During 3Q
Feed gas was introduced last month to the third train at Cheniere Energy Inc.’s Corpus Christi liquefied natural gas (LNG) terminal in South Texas, which is expected to produce its first LNG in the coming weeks, according to CEO Jack Fusco. Progress on the expansion project, expected to be complete in 1Q2021, was a bright…
Tenaska’s $3B-Plus Coal Power Plant Would Feature Carbon Capture
After a turbulent few months of project proposals and cancellations in states like Indiana and Wyoming, the movement promoting clean coal for power production saw another sign of hope last week as Omaha-based Tenaska Inc. proposed to build the nation’s first new conventional coal-fueled power plant that woul also capture carbon dioxide (CO2) near Sweetwater, TX. The captured CO2 would then be sold for use to enhance oil production in the Permian Basin, resulting in geologic storage.
Duke: Plant Delays, Cancellations Won’t Impact Patriot Extension
A recent move by Duke Energy to delay bringing into service a 620 MW power plant in Virginia and a separate decision by a Cogentrix Energy unit to scrap plans to build a 1,100 MW plant in the state won’t effect Duke Energy Gas Transmission’s (DEGT) ongoing Patriot pipeline extension, a DEGT spokesperson told NGI last week.
Duke: Plant Delays, Cancellations Won’t Impact Patriot Extension
A recent move by Duke Energy to delay bringing into service a 620 MW power plant in Virginia and a separate decision by a Cogentrix Energy unit to scrap plans to build a 1,100 MW plant in the state won’t effect Duke Energy Gas Transmission’s (DEGT) ongoing Patriot pipeline extension, a DEGT spokesperson told NGI on Monday.