Exports

Feed gas deliveries to U.S. LNG terminals hit a new low last week as global prices are still weighed down by a supply glut and demand for American exports remains subdued given high storage inventories in Asia and Europe.  Genscape Inc. noted that feed gas volumes fell to 2.8 Bcf on Thursday, while NGI’s export…

Continuing economic sluggishness brought on by Covid-19 mitigation efforts is weighing down demand for natural gas, but there could be a price uptick on the horizon, according to the U.S. Energy Information Administration (EIA). Henry Hub spot prices are expected to average $2.46/MMBtu in 4Q2020, bringing the 2020 average to $1.93/MMBtu, EIA said in its…

A “perfect storm” of oversupply, low prices and the Covid-19 pandemic has snarled billions of dollars worth of liquefied natural gas (LNG) projects, creating a bubble that could burst if the outlook doesn’t improve on multiple fronts, according to a report by Global Energy Monitor. GEM said Monday that the landscape for LNG has drastically…

The United States Energy Information Agency (EIA) said in a note on Monday that it expects Mexico natural gas exports to rise quickly with the entry into operation of the Villa de Reyes-Aguascalientes-Guadalajara (VAG) pipeline. The 890 MMcf/d VAG pipeline is the final stretch of a system that runs from the Permian Basin in West…

The U.S. Department of Energy (DOE) on Monday issued an export license for the beleaguered Jordan Cove liquefied natural gas (LNG) terminal proposed for Coos Bay, OR.  The facility would be the first of its kind on the West Coast if it’s built and would further extend the reach of American natural gas into “key…

Officials in Mexico, the United States and Canada celebrated the launch of the U.S.-Mexico-Canada Agreement (USMCA) on Wednesday, as the revamped North American Free Trade Agreement (NAFTA) treaty took effect after two years of negotiations.  “USMCA will support and grow North American energy security by maintaining zero-tariff trade for crude oil, gasoline, kerosene-type jet fuel…

The boom in U.S. liquefied natural gas (LNG) exports in recent years is not only about abundant resources and cheap gas, but also how that low-cost supply has been tailored and sold to a global market historically accustomed to restrictive trade.  Putting aside the woefully loose market of today, we all know that low-cost gas…

Feed gas deliveries to U.S. liquefied natural gas (LNG) export terminals hovered near a three-week high on Thursday in a bright spot that’s likely to be short-lived as pain continues throughout the global market and American cargoes have largely been priced out of Europe where headwinds are keeping prices flat.  The continent has been the…

Wyoming and Montana on Tuesday filed briefs with the U.S. Supreme Court challenging as unconstitutional the state of Washington’s rejection of an export terminal to process the states’ coal supplies for export to Asian markets. The two states in January asked the U.S. Supreme Court to rule on Washington’s denial of a water permit for…