Exports

Winter Heating Costs for U.S. Natural Gas Expected to Rise Sharply

Winter Heating Costs for U.S. Natural Gas Expected to Rise Sharply

American households can expect significant increases in home heating costs this winter, including a 30% increase in natural gas expenditures versus last winter, according to the U.S. Energy Information Administration (EIA). The agency said as part of its latest Short-Term Energy Outlook (STEO) that it expects a 3% increase in average U.S. heating degree days…

October 19, 2021
Natural Gas Forwards Retreat on Shrinking U.S. Storage Deficit; Global Market Raises Stakes

Natural Gas Forwards Retreat on Shrinking U.S. Storage Deficit; Global Market Raises Stakes

A narrowing Lower 48 storage deficit saw natural gas forwards ease lower during the Oct. 7-13 trading period, even as global supply anxieties continued to ripple through the domestic market. Front-month forwards at benchmark Henry Hub closed out the trading period 8.7 cents lower week/week amid continued volatility in the market ahead of winter. The…

October 15, 2021
Global Natural Gas Market Braces for Energy Shortages, Sending Prices Higher — LNG Recap

Global Natural Gas Market Braces for Energy Shortages, Sending Prices Higher — LNG Recap

Natural gas prices across the world jumped again Monday as fundamentals remain unchanged and the global market braces for energy shortages this winter.  In Europe, prices bounced back from a technical correction on Friday, a day after Dutch and British futures settled well above $33/MMBtu and set new records. The Title Transfer Facility (TTF) finished…

October 4, 2021
Enbridge’s Line 3 Replacement Set to Flow Oil Oct. 1

Enbridge’s Line 3 Replacement Set to Flow Oil Oct. 1

The Alberta government and Canadian oil exporters celebrated Wednesday after Enbridge Inc. confirmed that its Line 3 pipe replacement project had been completed and would start deliveries Friday (Oct. 1). “It’s fantastic news for our province’s economic recovery,” said Premier Jason Kenney. “Our government will continue to fight for all projects that help bring our…

September 30, 2021
October Natural Gas Futures Tread Water Ahead of EIA Storage Report

October Natural Gas Futures Tread Water Ahead of EIA Storage Report

Natural gas futures on Wednesday snapped a four-day losing streak, though barely, after trading in a narrow range most of the session. Rebounding liquified natural gas (LNG) export volumes offset domestic demand forecasts that held in bearish territory. At A Glance: Futures snap four-day slide Analysts expect storage build in 70s-80s Bcf Weather forecasts remain…

September 22, 2021
Tribes Partnering on Proposed Canadian LNG Export Terminal in Newfoundland

Tribes Partnering on Proposed Canadian LNG Export Terminal in Newfoundland

A Newfoundland candidate to launch liquefied natural gas (LNG) exports from Canada’s Atlantic coast stepped forward Tuesday with a prospective native partner and support from the provincial government. LNG Newfoundland & Labrador Ltd., Miawpukek First Nation, the First Nations Major Projects Coalition and provincial Premier Andrew Furey unveiled a “framework agreement” for a C$10 billion…

September 22, 2021
Venture Global, Cheniere Move Closer to Starting Up Louisiana LNG Projects

Venture Global, Cheniere Move Closer to Starting Up Louisiana LNG Projects

It’s likely that more U.S. natural gas will be liquefied for export this winter as two projects in Louisiana continue to advance.  Both the Calcasieu Pass export terminal and a sixth train at the Sabine Pass facility recently signaled that they could be up and running by the end of the year. Venture Global LNG…

August 27, 2021
Pandemic’s Buoyancy Raises New Concerns About U.S. Natural Gas, Oil Demand

Pandemic’s Buoyancy Raises New Concerns About U.S. Natural Gas, Oil Demand

The economic impact of the Covid-19 Delta variant already threatens demand for oil and could dampen consumption of U.S. natural gas, particularly exports to Asia, if new restrictions imposed to slow the virus’ spread in China drag deep into 2021. In the United States, overall case totals and hospitalizations remain lower than the highs reached…

August 23, 2021
Natural Gas Futures Range-Bound Ahead of EIA Storage Report; Cash Still Soft

Natural Gas Futures Range-Bound Ahead of EIA Storage Report; Cash Still Soft

Natural gas futures continued to flip flop midweek as a technical bounce lifted prices modestly despite cooler weather in the forecast. A recovery in exports to Mexico also likely had a hand in the uptick, which boosted the September Nymex futures contract 1.5 cents to $3.852/MMBtu. At A Glance: Technicals play into modest uptick for…

August 18, 2021
Flex LNG CEO Sees Shipping Market Tightening Further

Flex LNG CEO Sees Shipping Market Tightening Further

The liquefied natural gas (LNG) shipping market is expected to tighten in the coming years as carrier owners fill charters and older, higher emitting vessels are pushed out of the market, Flex LNG Ltd. CEO Øystein Kalleklev said. One-year term charter rates have risen since the start of the year as global LNG demand has…

August 17, 2021
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