Exports

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…

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…

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…

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…

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…

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…

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…

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…

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…