Exports

TC Energy Increasing Natural Gas Exports to Western U.S. with Pipeline Expansions

TC Energy Increasing Natural Gas Exports to Western U.S. with Pipeline Expansions

Capacity additions underway in annual stages on three TC Energy Corp. pipeline subsidiaries are set to increase Canadian natural gas exports to California, Nevada, Oregon and Washington during 2022 and 2023. The coordinated expansions, a package titled West Path, pioneer a switch to quiet growth that TC President Francois Poirier outlined at a spring investment…

April 14, 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. LNG Exports Hit Record High in March, with Strength Expected to Persist Through Summer

U.S. LNG Exports Hit Record High in March, with Strength Expected to Persist Through Summer

U.S. liquefied natural gas (LNG) exports hit a record high in March of 6.64 million tons (Mt), according to market research firm Kpler, capping a volatile winter in which brutally cold weather across the northern hemisphere both increased demand and disrupted operations.  Kpler said U.S. exports in March finished 2.26 Mt higher than February, when…

April 8, 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
Vitol’s 2020 Oil, LNG Trading Dragged Down by Pandemic

Vitol’s 2020 Oil, LNG Trading Dragged Down by Pandemic

Global commodity trader Vitol said Tuesday its activity in the energy markets declined last year along with demand as the Covid-19 pandemic raged on.  The world’s top oil trader, and a dominant force in the still-developing liquefied natural gas (LNG) markets, saw both oil and LNG trading fall.  “The extraordinary market conditions in the initial…

April 6, 2021
Nymex Natural Gas Futures Crumble on Warming April Forecast; Cash Weakens Further

Nymex Natural Gas Futures Crumble on Warming April Forecast; Cash Weakens Further

Natural gas futures took a dramatic fall after the Easter holiday weekend as weather forecasts shifted much warmer for the next couple of weeks. With April on pace to be warmer than normal, the May Nymex gas futures contract plunged 12.8 cents Monday to settle at $2.511/MMBtu. June fell 11.5 cents to $2.582. Spot gas…

April 5, 2021
European Demand Driving U.S. LNG Exports — LNG Recap

European Demand Driving U.S. LNG Exports — LNG Recap

Feed gas deliveries to U.S. liquefied natural gas (LNG) export terminals have been near capacity, flowing at almost 12 Bcf each day over the last week. The European natural gas market is helping drive U.S. export demand. Prices on the continent closed higher last week. The Dutch Title Transfer Facility finished at $6.620/MMBtu and the…

April 5, 2021
Natural Gas Forwards Hibernating as Mild Spring Weather Takes Hold

Natural Gas Forwards Hibernating as Mild Spring Weather Takes Hold

Natural gas forward markets remained quiet as they closed out March, with near-record export demand going head to head with generally weak domestic demand. The May contract, which took over the prompt-month position on Tuesday, finished the period ending Wednesday (March 31) essentially flat from where it averaged on March 25, according to NGI’s Forward…

April 1, 2021
Backlog at Suez Canal Clearing, with Few Impacts Seen on LNG Trade

Backlog at Suez Canal Clearing, with Few Impacts Seen on LNG Trade

The backlog of vessels at the Suez Canal was dwindling Thursday after a massive container ship was freed following a week-long blockade, and little impact was seen — for now — on the global liquefied natural gas (LNG) trade. As of Thursday, about 250 ships had transited the canal since Monday (March 29), down from…

April 1, 2021
No U.S. LNG Export FIDs Predicted in 2021, Says Wood Mackenzie

No U.S. LNG Export FIDs Predicted in 2021, Says Wood Mackenzie

No U.S. liquefied natural gas (LNG) projects are expected to be sanctioned this year, marking the second year in a row developers may postpone moving ahead with facilities, according to Wood Mackenzie. Consultants during a webcast last week said domestic final investment decisions (FID) were unlikely as sponsors struggle to secure long-term contracts “Generally, we’ve…

March 31, 2021
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