Exports

The U.S. Department of Energy (DOE) will no longer issue separate authorizations for short-term liquefied natural gas (LNG) exports, which now are to be covered by long-term licenses, according to a policy change that took effect on Tuesday.  The move comes only days before President-elect Biden is to be sworn in and come as part…

The world’s first comprehensive roadmap for the energy sector, designed to help governments and companies reach net-zero emissions by 2050, is set to be issued later this year as climate change issues dominate, according to the International Energy Agency (IEA). The global energy watchdog said the report, to be issued in May, would “set out…

Global natural gas prices continued a relentless move higher on Friday, as spot prices in Spain shattered records and all-time highs in the northern Asia market showed no signs of slowing amid a cold snap and supply crunch supporting the bullish run.  In Spain, a major gas-consuming country that hosts more liquefied natural gas (LNG)…

A four-day winning streak spurred by chillier forecasts for the second half of January resulted in sharp increases in natural gas forward prices. Gains were particularly strong on the East Coast, nearing 60.0 cents at several pricing hubs during the shortened Dec. 30-Jan. 6 trading period, according to NGI’s Forward Look. Nymex futures mounted solid…

CME Group said late Wednesday it plans to launch two Asian liquefied natural gas (LNG) futures contracts and four Japanese electricity futures contracts in February. While the electricity contracts would expand CME’s suite of global power futures and options, the two LNG contracts could provide Japanese power producers another tool to manage price risk, the…

Natural gas prices hovered in a narrow range of gains and losses early Wednesday as traders mulled strong demand for U.S. liquefied natural gas (LNG) exports against weakened weather outlooks. But futures held firmly into the green in the afternoon as analysts rolled out forecasts for a substantial withdrawal with Thursday’s government storage report. The…

Liquefied natural gas (LNG) prices continued to set records in North Asia on Wednesday as buyers scrambled for prompt cargo deliveries amid a supply shortage and cold snap. Trafigura Group Pte. Ltd. purchased a cargo from PetroChina Co. Ltd. at $21.70/MMBtu for delivery to China early next month. The transaction was above the previous high…

The key daily data that drives both the global natural gas market and NGI’s LNG Insight is now available at no cost for a limited time.  NGI subscribers and website visitors may access a daily Microsoft Excel spreadsheet for download that includes more than 20 sets of data compiled each day. Subscribers of all NGI…

With Old Man Winter appearing to trade in his snow boots for flip flops, natural gas forward prices ratcheted up declines during the final week of 2020. February prices tumbled an average of 11.0 cents from Dec. 24 to 30, while the balance of winter (February-March) fell an average 9.0 cents, according to NGI’s Forward…