Exports

Freeport LNG Outage Proves Need to Boost Natural Gas Output, Says Huntsman CEO

Freeport LNG Outage Proves Need to Boost Natural Gas Output, Says Huntsman CEO

Barring an increase in domestic natural gas production, the United States should stay the course with regard to liquefied natural gas (LNG) export volumes, the top executive at global chemical manufacturer Huntsman Corp. told NGI. “I don’t think we should be exporting any more LNG than we are today if we’re not going to, conversely,…

June 29, 2022
Williams Sanctions 1.8 Bcf/d Louisiana Energy Gateway to Deliver Haynesville Supply to Industrial, LNG Markets

Williams Sanctions 1.8 Bcf/d Louisiana Energy Gateway to Deliver Haynesville Supply to Industrial, LNG Markets

Williams on Wednesday hit the green light for the Louisiana Energy Gateway (LEG), a 1.8 Bcf/d natural gas system designed to move Haynesville Shale supply to industrial markets and for export overseas. The LEG system, set for service by late 2024, would deliver Haynesville gas to industrial corridors and to liquefied natural gas (LNG) export…

June 29, 2022
Australian LNG Exports Under Scrutiny Amid Global Supply Crisis

Australian LNG Exports Under Scrutiny Amid Global Supply Crisis

Cold weather, coal-fired power outages and a lack of natural gas infrastructure to connect to regional markets has left Australia questioning the value of liquefied natural gas (LNG) exports. “Much like recent energy crises elsewhere in the world, the situation in Australia is an unfortunate confluence of massive coal capacity outages, combined with a colder-than-normal…

June 16, 2022
Natural Gas Futures Bounce Back After Third-Largest Drop on Record

Natural Gas Futures Bounce Back After Third-Largest Drop on Record

Following one of the biggest plunges in the history of natural gas trading, futures rebounded on Wednesday as traders digested the impact of a major export outage against a broader backdrop of robust global demand. At A Glance: Traders focus on robust cooling demand Europe’s thirst for U.S. LNG holds strong Cash prices rebound as…

June 15, 2022
Biden Urged by Industry to Speed Up LNG Exports, Streamline Natural Gas Permitting

Biden Urged by Industry to Speed Up LNG Exports, Streamline Natural Gas Permitting

The American Petroleum Institute (API) has put forth a 10-point policy plan it wants the Biden administration to adopt to promote U.S. oil and natural gas production – and ease the global energy crisis. “As energy costs and geopolitical instability around the world continue to rise, API is calling on policymakers to confront the global…

June 15, 2022
Natural Gas Forwards Plunge Following Freeport LNG News; Outage’s Duration Comes into Focus

Natural Gas Forwards Plunge Following Freeport LNG News; Outage’s Duration Comes into Focus

An explosion at the Freeport liquefied natural gas (LNG) export terminal left market participants contemplating weeks of potential demand destruction and caused a price shockwave that reverberated through the natural gas forwards market during the June 2-8 trading week. For the Lower 48 as a whole, fixed price moves were mixed in terms of the…

June 10, 2022
Natural Gas Futures Fly to 14-Year High, Approach $9.40 Handle Intraday

Natural Gas Futures Fly to 14-Year High, Approach $9.40 Handle Intraday

Natural gas futures on Wednesday soared past $9.000/MMBtu for the first time since 2008 amid worries that fragile supplies may prove inadequate to meet summer cooling demand and robust calls for U.S. exports. At A Glance: Futures fly ahead of June’s expiry LNG export demand intensifies Spring production struggles fester Traders through most of the…

May 25, 2022
Huge Price Gains Seen for June Baseload Natural Gas as Supply Concerns Intensify

Huge Price Gains Seen for June Baseload Natural Gas as Supply Concerns Intensify

Escalating supply concerns ahead of the summer – forecast to be hotter than usual – appear to be driving huge increases for June baseload natural gas prices, according to NGI’s Bidweek Alert (BWA). After late-season blasts of wintry air hampered production in April, producers are struggling to grow output beyond the recent low to mid-90…

May 25, 2022
Natural Gas Futures, Cash Prices Advance Third Straight Day

Natural Gas Futures, Cash Prices Advance Third Straight Day

Natural gas futures see-sawed in a narrow range of gains and losses through much of trading Wednesday, but the prompt month ultimately climbed for a third consecutive day as demand looked to outstrip supply. At A Glance: Maintenance further curbs output LNG volumes muster momentum Hot weather drives steady demand The June Nymex gas futures…

May 18, 2022
Devon Eyeing LNG Opportunities, Maintaining Focus in Permian

Devon Eyeing LNG Opportunities, Maintaining Focus in Permian

Oklahoma City-based Devon Energy Corp. reported steady growth in the first quarter, especially from its Permian Basin assets. However, the company is holding firm to its “value over volume” approach, choosing to maintain its production and capital investment levels. Despite heightened global oil and gas prices because of the Russian invasion of Ukraine and calls…

May 3, 2022
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