Exports

In updated forecasting stretching to 2023, the Energy Information Administration (EIA) last week laid out a vision of rising natural gas production and exports alongside moderating U.S. prices. Natural gas spot prices at Henry Hub averaged $3.91/MMBtu for 2021, the agency said in its latest Short-Term Energy Outlook. This year and next should bring slightly…

It promises to be another volatile year for the liquefied natural gas (LNG) trade as the market continues to rebalance with European storage inventories woefully short and much riding on the rest of this winter.

The liquefied natural gas (LNG) industry is poised for a milestone year on the path toward establishing emissions measurements across the value chain, particularly in the United States, where suppliers have made progress in a way that could give them a commercial advantage.

Gazprom PJSC said in a report to Russian President Vladimir Putin last week that it continues to fulfill all contractual obligations for shipping natural gas to Europe, which has been desperate for the fuel this winter.  “As usual, Gazprom has been providing reliable gas supplies to our consumers in Russia and abroad,” said Gazprom’s Alexey…

Strength in cash prices and expectations for ongoing blasts of frigid air over swaths of the Lower 48 sent natural gas futures higher on Wednesday. The February Nymex contract settled at $3.882/MMBtu, up 16.5 cents day/day. March gained 12.8 cents to $3.710. At A Glance: Cash prices cruise higher in the Midwest, Northeast  Forecasters call…

The dip in oil and gas production that Southeast Asia has seen since 2020 is exacerbating a downward trend in regional volumes that may continue into the decade ahead, according to a recent industry analysis. Analysts with Rystad Energy recently predicted that the region’s combined oil and gas production would likely not push above the…

After some intraday volatility amid thin pre-holiday trading, natural gas futures shot higher midweek on the increasing likelihood that frigid air would finally descend into vast stretches of the United States. The January Nymex gas futures contract soared 10.7 cents to settle at $3.976 on Wednesday. The prompt month has gained 28.6 cents over the…

A breakneck rally in European natural gas prices continued Wednesday, propelling benchmarks on the continent to abnormally high premiums above those in Asia and creating massive arbitrage opportunities for U.S. liquefied natural gas (LNG) exports.  Dutch front-month futures have gained about $10/MMBtu over the last week. The January Title Transfer Facility (TTF) contract finished nearly…

Eagle LNG Partners LLC has signed a long-term deal to supply liquefied natural gas (LNG) for a receiving and regasification terminal in Aruba as the company continues to expand its operations in the Caribbean. The $100 million facility in San Nicolas would offload LNG for Web Aruba, the local power and water utility, to fuel…