Intercontinental Exchange Inc. (ICE) said Wednesday it plans to launch two liquefied natural gas (LNG) freight futures contracts next month, giving traders, vessel charterers and other market participants another tool to manage increasingly volatile shipping costs in the space. ICE said the contracts would be based on LNG freight spot price assessments by Spark Commodities,…
Exports
Articles from Exports
U.S. LNG Exports Eclipse Pipeline Takeaway for Only Second Time Since 1998, EIA Says
U.S. exports of liquefied natural gas (LNG) outstripped natural gas exports by pipeline in November, marking only the second time that has happened in more than 20 years, the U.S. Energy Information Administration’s (EIA) said in a new report. LNG exports exceeded gas delivered via pipeline by nearly 1.2 Bcf/d in November, as demand from…
February 5, 2021
DOE Secretary Designate Granholm Signals Support for U.S. LNG Exports
The Senate and Natural Resources Committee voted Wednesday to advance the nomination of former Michigan Gov. Jennifer Granholm to the full Senate, where she’s expected to be confirmed as the Secretary of the Department of Energy (DOE). Granholm signaled in written responses to the committee ahead of her confirmation hearing last week that she wouldn’t…
February 3, 2021
Tale of Two Neighbors During Covid as U.S. Natural Gas Exports Grow, Canada’s Shrink
Covid-19 shrank Canadian natural gas exports while American sales abroad grew despite the pandemic by reaching multiple international markets in the first nine months of 2020, according to the latest trade scorecard by the U.S. Department of Energy (DOE). U.S. exports increased by 12.4% to a new high, almost double the Canadian volumes. Canadian exports…
February 2, 2021
LNG 101: The Panama Canal’s Impact on Global Gas Markets
The Panama Canal is a vital passage for moving goods from the Atlantic to Pacific oceans faster, and since its expansion in 2016 to accommodate larger vessels and increasing liquefied natural gas (LNG) traffic, it’s become a crucial route in moving LNG from the United States to Asia in a timely manner. LNG traffic has…
January 28, 2021
Hess Sees ‘Very Large’ Pent-Up Bakken Potential as Production Beats Expectations
Hess Corp. executives see the Bakken Shale continuing to drive significant cash flow for almost another decade, despite a moratorium on federal oil and natural gas leasing by the Biden administration. CEO John Hess told investors on Wednesday only 2% of the company’s Bakken acreage is on federal lands. The exploration and production (E&P) company…
January 28, 2021
Mexico Exports Said Among Key Drivers of Future U.S. Oil, Natural Gas Infrastructure Development
The potential for U.S. oil and natural gas infrastructure development remains “significant” through 2025 as the economy recovers from Covid-19 and exports to Mexico and the world increase, according to ICF Resources Inc. In a report prepared for the Interstate Natural Gas Association of America (INGAA), ICF said one scenario used by researchers to evaluate…
January 27, 2021
Venture Global Considering Fourth Gulf Coast LNG Export Project
A pair of Venture Global subsidiaries is seeking federal approval to start the pre-filing process for a fourth liquefied natural gas (LNG) export terminal and associated pipeline along the Gulf Coast. In a filing last week, Venture Global CP2 LNG LLC and Venture Global CP Express LLC requested approval to initiate FERC’s pre-filing review process…
January 26, 2021
Colder Weather, Strength in Cash Prices Fuel Surge in February Natural Gas Futures
Futures rebounded on increases in expected heating demand LNG export volumes recovered after declines the prior week Cash prices climbed amid a fresh round of winter storms After a bruising run a week earlier, natural gas futures rebounded Monday on substantial increases in expected heating demand over the weekend and a fresh bout of winter…
January 26, 2021
North American Oil, Gas Midstream Outlook Focus of Latest NGI’s Hub & Flow
Click here to listen to the latest episode of NGI’s Hub & Flow podcast. Kinder Morgan Inc. kicked off earnings season for North American oil and gas midstream companies, reporting lower transportation volumes across its systems but continuing to improve its balance sheet. The Houston-based midstreamer plans to toe the line this year when it…
January 25, 2021
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