Liquefied natural gas (LNG) buyers beginning in October will be able to purchase physical volumes of the super-chilled fuel through CME Group’s new LNG futures contract, the company said Wednesday.
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The August natural gas futures contract was set to open Wednesday about 2.3 cents higher at around $2.755/MMBtu, building on the prior day’s modest gains as forecasters noted little change to the weather outlook overnight.
New pipeline construction contracts for northern native-owned firms have accelerated preparations for a quick start on building a long-awaited liquefied natural gas (LNG) export terminal on the Pacific coast of British Columbia (BC).
The expiring July natural gas contract was set to open Wednesday about 4.8 cents higher at around $2.987/MMBtu as overnight guidance was mixed but with one of the major weather models showing greater cooling demand over the eastern and central United States next month.
Anadarko Petroleum Corp. continues to progress its proposed natural gas export project in Mozambique and expects to wrap up sales and purchase agreements (SPA) this year, company executives said Wednesday.
In what will be the largest auction of its type, Mexico’s state-owned oil company Petroleos Mexicanos (Pemex) is to offer seven farm-out license contracts in southeastern Mexico, the industry regulator, the National Hydrocarbons Commission (CNH) agreed Thursday.
San Antonio, TX-based Lewis Energy Group has inked an oilfield services (OFS) contract to evaluate and develop an unconventional natural gas project owned by Petroleos Mexicanos (Pemex) in northeast Mexico.
Mexico’s upstream regulator has awarded oil and natural gasmarketing services contracts to Trafigura Group Pte Ltd. and CFEnergia.
The expiring October natural gas contract is set to open 2 cents higher Wednesday morning at $2.94 as traders factor in still warmer near-term temperatures and likely expiration day short-covering. Overnight oil markets were mixed.
KP Engineering LP(KPE) has been awarded a contract valued in excess of $100 million by Targa Pipeline Mid-Continent WestTex LLC, a subsidiary of Targa Resources Corp., to provide engineering, procurement and construction for a 200 MMcf/d natural gas cryogenic processing facility in the Permian Basin of West Texas. The facility, to be built near Midkiff, is to include a 5,000 b/d condensate stabilizer, low-pressure compression, intermediate compression, custody transfer metering, slug catchers and a control system for processing raw gas by extracting natural gas liquids and removing impurities.