Exports

Although the natural gas supply outlook has improved in recent weeks, analysts are steadfast in their convictions that higher prices are needed in the coming months to prevent a significant supply shortfall next winter. A Goldman Sachs Commodities Research team, led by Samantha Dart, said this week it is maintaining a $3.25/MMBtu price forecast for…

Propane exports from Canada to overseas markets jumped by 19% in 2020, with international sales poised to increase again this year, according to the Canada Energy Regulator (CER). A terminal location on the northern Pacific coast of British Columbia (BC) at Prince Rupert lived up to expectations of giving a competitive advantage to the Alberta-based…

The Port of Corpus Christi in South Texas, one of the nation’s top oil and natural gas exporters, has signed a memorandum of understanding (MOU) with Europe’s largest port in the Netherlands to advance global maritime operations.  Co-developing trade and commercial opportunities, exchanging information and advancing the development and deployment of technologies related to navigational…

There has been considerable friction between Mexico’s government and U.S. investors in the energy sector recently, but conditions are in place for booming trade between the two nations according to a new analysis by Washington, DC, think tank Center for Strategic and International Studies (CSIS). “The next four years present a once-in-a-generation opportunity for the…

Global natural gas prices weakened on Monday amid bearish weather forecasts.  Both the prompt Dutch Title Transfer Facility and the UK’s National Balancing Point gave up last week’s gains, when the European benchmarks were pushed up by cooler temperatures, rising carbon prices, improving crude oil and stronger sentiment in the Asian gas market. Above-normal temperatures…

India’s liquefied natural gas (LNG) buyers have grown frustrated with the long-term offtake contract model and are pressing U.S. sellers for more flexible terms, a Gail India Ltd. executive said Wednesday. Since prices cratered last year amid weak demand driven by the pandemic, customers have grown used to paying lower prices for delivered gas, said…

Shoulder season may be setting in across U.S. natural gas forward markets weeks ahead of schedule, with modest price changes seen across the country, according to NGI’s Forward Look.  A quick return to business as usual following last month’s historic winter freeze combined with near-perfect temperatures to drive April forward prices up only 6.0 cents…

The cold snap earlier this winter in Asia and Europe that sent prices skyrocketing and buyers scrambling for liquefied natural gas (LNG) cargoes was an indication that the global market is becoming too reliant on spot deliveries, said Freeport LNG CEO Michael Smith.  “There’s been an overreliance on spot cargoes in our industry,” he said…

Argentina through its Vaca Muerta formation and Brazil with its vast offshore pre-salt reserves, could become major players in international natural gas markets, but much needs to happen before this can occur, experts said this week. In a panel discussion at CERAWeek by IHS Markit on Wednesday, Argentina’s Pan American Energy CEO Marcos Bulgheroni said…