Feed gas was introduced last month to the third train at Cheniere Energy Inc.’s Corpus Christi liquefied natural gas (LNG) terminal in South Texas, which is expected to produce its first LNG in the coming weeks, according to CEO Jack Fusco. Progress on the expansion project, expected to be complete in 1Q2021, was a bright…
Exports
Articles from Exports
Canadian Natural Gas Exports Slip, but U.S. Exports Climb on Market Diversity, Says DOE
The United States grew and Canada shrank as natural gas exporters as the coronavirus pandemic spread in the first half of this year, according to the latest international trade scorecard from the U.S. Department of Energy (DOE). The records, compiled by the DOE’s gas regulation office, showed that market diversity made the difference. American dealers…
Nymex Futures Stabilize, but Some U.S. Markets Pressured by Weak Demand, Pipeline Work
Natural gas forward markets were lower for the Oct. 22-28 period as lackluster demand in key demand regions of the Lower 48 tempered prices, according to NGI’s Forward Look. Losses were mostly pronounced in the Northeast and in the Permian Basin, where pipeline work sparked increased volatility this week. Most of the price action was…
Japanese, Chinese Carbon-Neutral Plans May Impact U.S. LNG Industry
Recent announcements by the leaders of China and Japan to achieve carbon neutrality in the coming decades could initially increase demand for U.S. liquefied natural gas (LNG), but that demand could be reduced as early as 2030, analysts said. Japanese Prime Minister Yoshihide Suga on Monday said the country would aim to become a “carbon-neutral,…
Bipartisan Lawmakers Launch Caucus to Strengthen Energy Exports
A bipartisan group of lawmakers in the U.S. House of Representatives has launched the Congressional Energy Export Caucus aimed at strengthening the country’s trade role in a post Covid-19 world. Reps. Carol Miller (R-WV), Henry Cuellar (D-TX), Jodey Arrington (R-TX) and Lou Correa (D-CA) announced the caucus last week. The lawmakers said the group would…
Montney, Deep Basin Plays to Boost Natural Gas Supply to Pacific Northwest, California, Says NGTL
Canadian natural gas exports are set to increase to the U.S. Pacific Northwest and California in the next 10 years, according to the developer of a proposed C$355.5 million ($267 million) pipeline expansion project. The proposed West Path 2023 expansion of TC Energy Corp.’s pipeline grid in Alberta and British Columbia, Nova Gas Transmission Ltd.…
LNG Market Not ‘Out of the Woods’ as Volatility Likely a Mainstay for Years
Nikos Tsafos, a senior fellow at the Center for Strategic & International Studies’ Energy Security and Climate Change Program, believes the global natural gas market can count on turbulence in the years ahead, with more volatility likely and an increasingly murkier role to play in the energy transition. NGI: It was a rough summer for…
Natural Gas Punches Through $3.00 as LNG Demand Reaches Fresh High; Traders Expecting Small Storage Build
Natural gas traders may have had the theme of 1980s sitcom “Three’s Company” playing in their heads Wednesday as they knocked on the door of $3.00/MMBtu gas. With the resumption of maximum exports imminent and weather models adding more demand, they got the job done. The November Nymex futures contract settled 11.0 cents higher at…
U.S. LNG Industry Not Seen Favoring Trump or Biden Presidency
The U.S. liquefied natural gas (LNG) sector could successfully work with either President Trump or Democratic nominee Joseph R. Biden Jr. in the upcoming presidential election, experts told NGI. Trump has been a “great cheerleader for U.S. LNG” by raising the industry’s profile and addressing some regulatory bottlenecks during his first term, said LNG Allies…
LNG Recap: U.S. Exports Rebound as Global Natural Gas Market Tightens
Feed gas deliveries to U.S. export terminals from Maryland to the Gulf Coast continued ramping up on Tuesday as the global gas market tightened and the latest hurricane to hit Louisiana spared liquefied natural gas (LNG) plants after making landfall last week. Cameron LNG, which was still ramping up following Hurricane Laura, opted to shut…