Mexico’s Pacific Coast could see more than one natural gas export project being developed in the coming years as Asian markets increase their appetite for imports of cheap and reliable U.S. gas via the shortest transport route possible. Mexico Pacific Limited LLC’s (MPL) CEO Doug Shanda thinks his company’s liquefied natural gas (LNG) export project…
Exports
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LNG Recap: U.S. Exports Still Strong, Lead Global Gains
U.S. liquefied natural gas (LNG) exports remained strong as the week got underway, with feed gas deliveries holding near record highs of about 10 Bcf/d. The ongoing strength in domestic cargo departures helped push global exports to their highest level in six months through October, data intelligence firm Kpler said last week. Global exports stood…
December Natural Gas Futures Finish in Green Despite Storage Injection
Further gradual improvement in weather-driven demand expectations and continued strength in export levels offset a bearish storage report and boosted natural gas futures on Friday. The December Nymex contract gained 1.9 cents day/day and settled at $2.995/MMBtu. It had climbed as much as 10 cents higher in morning trading. January rose 2.8 cents to $3.122.…
Cheniere Doubling Down to Cut LNG Environmental Footprint as Stakeholder Pressure Grows
Cheniere Energy Inc., the largest liquefied natural gas (LNG) exporter in the United States and one of the largest gas consumers, is “methodically reviewing” its business to further cut its environmental footprint as it faces questions about its role in the global energy transition. The management team spent considerable time during last week’s third quarter…
Energy Transition Could Put Major Dent in Upstream Natural Gas Investment, Wood Mackenzie Says
Limiting human-induced global warming to under 2 degrees Celsius would put an estimated 65% dent in upstream natural gas investment through 2040, according to new analysis by Wood Mackenzie. Although natural gas is the cleanest-burning fossil fuel, there is more to the story of the molecule’s total climate-warming impact, researchers said Wednesday. Liquefied natural gas…
Brief Cold Snap, Record LNG Demand Combine to Lift Natural Gas Forward Prices
For all the intraweek volatility in the natural gas forward markets, prices ultimately capped the Nov. 5-11 period moderately higher as chilly weather crept back into the long-range forecast, according to NGI’s Forward Look. Though the colder weather may not last, Appalachia markets rallied sharply as the expected drop in temperatures coincided with gas flow…
Permian Slowdown Clouds Future Gulf Coast LNG, but ‘Remodeled’ Haynesville More Attractive
Future Gulf Coast natural gas export development may become “risky” if Permian Basin associated gas production doesn’t recover, IHS Markit executive director Sam Andrus said in San Antonio this week. Speaking at the LDC Natural Gas Forum, Andrus said production economics are crucial, given the lack of capital available. After oil prices plunged to historic…
U.S. LNG Shipping Needs Almost Twice Global Average, Says GasLog
Almost twice as many ships were needed to deliver U.S. liquefied natural gas (LNG) on an equivalent unit basis in the third quarter compared to the global average, the head of shipper GasLog Ltd. said Tuesday. “U.S. exports are the most shipping intensive as the distance to most major discharge destinations is above the global…
U.S. LNG Pushes Global Export Growth Higher — The Offtake
A roundup of news and commentary from NGI’s LNG Insight Global LNG exports hit their highest level in six months through October, largely from a boost in cargoes from the United States, Kpler said. Exports were 307 million tons (Mt) year to date through October, up 5 Mt from the year-ago period. “The United States…
LNG Recap: Global Activity Steadies as Winter Nears
The flurry of activity and price rally that characterized October has subsided as the global natural gas market has steadied with winter nearing. LNG imports increased by 2% month/month in October, and for the first time since May, demand is up year/year as the market has tightened, according to Tudor, Pickering, Holt & Co. (TPH).…