Cargoes

Global natural gas markets were calm Monday despite a brief armed rebellion in Russia over the weekend that called into question President Vladimir Putin’s grip on power. “The market seems to be reacting very little to events in Russia,” said Engie EnergyScan analysts. “One might say that this is to be expected, given that the…

Liquefied natural gas (LNG) cargoes sourced from the United States are taking up an increasingly important share of Brazil’s booming import market, according to market research firm Kpler. Brazil saw its highest-ever level of LNG in June, when imports clocked in at 657,000 tons. This compared to zero cargoes last June and 184,000 tons received…

A roundup of news and commentary from NGI’s LNG Insight A record nine U.S. LNG cargoes were delivered to India last month, according to Kpler. That’s up from the previous record of seven U.S. arrivals last November. India has returned to the spot market as a sharp spike in Covid-19 cases has eased. Through the…

Utility Tokyo Gas Co. Ltd. has joined forces with 14 other Japanese city gas end-users to form an alliance dedicated to buying and promoting carbon-neutral liquefied natural gas (LNG).  The Carbon Neutral LNG Buyers Alliance plans to promote awareness for decarbonized cargoes, which, unlike traditional shipments, offsets emissions with credit purchases that fund worldwide environmental…

U.S. liquefied natural gas (LNG) operations were again disrupted on Wednesday as wintry weather continued to grip the Gulf Coast, forcing traders to shuffle cargoes as American exports continued to decline. Power has been restored at Cameron LNG in Hackberry, LA, after a problem with the transmission grid knocked it offline Monday. But the terminal…

Liquefied natural gas (LNG) cargoes are returning to Europe after a hiatus that saw vessels flocking to Asia amid a historic cold snap last month. Milder weather in Asia along with stronger supply levels have spot prices for March delivery trending below $8.00/MMBtu, disincentivizing European reloads and marginal cargoes from the United States. Asian spot…

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…

U.S. liquefied natural gas (LNG) exports will likely reach capacity of roughly 10 Bcf/d by the winter after dropping to about 30% of capacity in July because of the demand devastation caused by Covid-19, analysts told NGI this week. Some analysts see capacity ramping through the end of the year, while others expect a sharp…

Down sharply from a peak of 8.0 Bcf/d in January, U.S. exports of liquefied natural gas (LNG) fell sharply to average just 3.1 Bcf/d in July, according to figures published Tuesday by the Energy Information Administration (EIA). The 3.1 Bcf/d of exports averaged in July roughly matches the volume exported in May 2018, when total…