Exports

Are U.S. LNG Exports Leading to Higher Prices? Yes, Say Consumer Advocates

Are U.S. LNG Exports Leading to Higher Prices? Yes, Say Consumer Advocates

Framed around projections that U.S. consumers could be hit with higher heating bills this year, advocacy groups are renewing the message that expanding U.S. liquefied natural gas (LNG) exports are part of the problem. The nonprofit Institute for Energy Economics and Financial Analysis (IEEFA) is highlighting natural gas price fluctuations from last year in a…

January 26, 2022
Natural Gas Forwards Nosedive as Weather Models Struggle with Current Cold’s Durability

Natural Gas Forwards Nosedive as Weather Models Struggle with Current Cold’s Durability

Natural gas traders turned a blind eye to some of the coldest weather of the winter descending upon the country, sending natural gas forward prices plummeting across the country during the trading period from Jan. 13-19, NGI’s Forward Look showed. While fixed prices for the February contract came off as much as $2.610/MMBtu at a…

January 21, 2022
Corpus Christi Port in South Texas Sails to Fresh Records as LNG Exports Surge 81% in 2021

Corpus Christi Port in South Texas Sails to Fresh Records as LNG Exports Surge 81% in 2021

Liquefied natural gas (LNG) exports drove another record year for the Port of Corpus Christi, with the South Texas gateway ending 2021 with record tonnage. The port saw an 81.2% year/year increase in LNG shipments, while crude oil exports averaged a record 1.76 million b/d in 2021, a slight increase over its 2020 record performance.…

January 21, 2022
Baker Hughes Sees Accelerating U.S. Land Activity, Additional Global LNG Projects Sanctioned

Baker Hughes Sees Accelerating U.S. Land Activity, Additional Global LNG Projects Sanctioned

More global natural gas export projects are likely to be sanctioned this year and beyond, fueled by a “growing appetite” for long-term purchase agreements, Baker Hughes Co. CEO Lorenzo Simonelli said Thursday. The world’s No. 2 oilfield services (OFS) company unveiled its fourth quarter and 2021 results, with Simonelli helming a conference call. No. 1…

January 20, 2022
EIA Forecasts Rising U.S. Natural Gas Exports

EIA Forecasts Rising U.S. Natural Gas 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…

January 19, 2022
Rebalancing Europe Seen Driving LNG Market Toward Another Volatile Year

Rebalancing Europe Seen Driving LNG Market Toward Another Volatile Year

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.

January 19, 2022
U.S. Seen Gaining Momentum in 2022 on Imperative to Better Measure LNG Emissions

U.S. Seen Gaining Momentum in 2022 on Imperative to Better Measure LNG Emissions

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.

January 14, 2022
Gazprom Defends European Deliveries as Natural Gas Prices Climb on Supply Concerns

Gazprom Defends European Deliveries as Natural Gas Prices Climb on Supply Concerns

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…

January 6, 2022
February Natural Gas Futures, Spot Prices Jump Amid Heaping Doses of Bitter Cold

February Natural Gas Futures, Spot Prices Jump Amid Heaping Doses of Bitter Cold

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…

January 5, 2022
Southeast Asian Oil and Gas Production Likely to Remain Under Pressure for Years to Come

Southeast Asian Oil and Gas Production Likely to Remain Under Pressure for Years to Come

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…

January 5, 2022