Exports

Natural Gas Punches Through $3.00 as LNG Demand Reaches Fresh High; Traders Expecting Small Storage Build

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…

October 21, 2020
U.S. LNG Industry Not Seen Favoring Trump or Biden Presidency

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…

October 20, 2020
LNG Recap: U.S. Exports Rebound as Global Natural Gas Market Tightens

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…

October 13, 2020
NextDecade to Slash Emissions at Proposed LNG Export Project in Texas

NextDecade to Slash Emissions at Proposed LNG Export Project in Texas

NextDecade Corp. will use carbon capture and storage (CCS) technology to reduce expected carbon dioxide equivalent emissions by about 90% at its proposed Rio Grande liquefied natural gas (LNG) export project in Brownsville, TX. Management said Tuesday that the Houston-based company additionally is exploring options to address what would be the remaining emissions, as potential…

October 7, 2020
Mexico Unveils Plan for LNG Export Project on Pacific Coast

Mexico Unveils Plan for LNG Export Project on Pacific Coast

Mexico’s government unveiled its long-awaited infrastructure investment plan on Monday including a liquefied natural gas (LNG) export project set for Salina Cruz on the Pacific Coast. Worth around $14 billion, the list of 39 projects is meant to jumpstart the ailing economy and also opens space for the private sector to participate in key national…

October 7, 2020
Ukraine Could Export Natural Gas to Europe This Winter as Storage at Record Levels

Ukraine Could Export Natural Gas to Europe This Winter as Storage at Record Levels

Ukraine has so much natural gas in storage that it could export its own supplies to other European nations this winter, the country’s transmission system operator said this week.  Ukrtransgaz JSC, which manages the largest storage capacity available in Europe, said it entered October with about 28 billion cubic meters (Bcm) of natural gas in…

October 6, 2020
U.S. Liquefaction Back at Full Utilization by November; Two Projects to be Sanctioned by Year’s End

U.S. Liquefaction Back at Full Utilization by November; Two Projects to be Sanctioned by Year’s End

The heightened uncertainty plaguing gas markets so far in 2020 because of Covid-19 is expected to carry through the winter season, but a bright spot is emerging for the United States as liquefaction is expected to resume full operations by November with growing demand in Europe and Asia. In a webinar Thursday discussing the outlook…

September 28, 2020
Governments, Free Markets Seen as Integral to Growing LNG Demand

Governments, Free Markets Seen as Integral to Growing LNG Demand

Government intervention and free markets will be necessary to grow global liquefied natural gas (LNG) demand in the next decade and provide markets for U.S. gas producers, according to industry executives. Cheniere Energy Inc.’s Anatol Feygin, chief commercial officer of the largest U.S. LNG exporter, said at the recent Gastech Virtual Summit that the Houston…

September 18, 2020
Vaca Muerta-to-Brazil Natural Gas Pipeline Said Financially Difficult to Pull Off

Vaca Muerta-to-Brazil Natural Gas Pipeline Said Financially Difficult to Pull Off

A potential natural gas pipeline hooking up Argentina’s Vaca Muerta shale formation to southern Brazil will cost about $5 billion and “pose financial challenges,” according to Buenos Aires-based Wood Mackenzie. “Southern Brazil remains the most attractive regional market for potential excess gas production from Argentina,” Wood Mackenzie principal Ignacio Rooney told NGI’s Shale Daily. However,…

September 17, 2020
U.S. Influence on Global Natural Gas Evident in European, Asian Price Rallies, Says Tellurian’s Souki

U.S. Influence on Global Natural Gas Evident in European, Asian Price Rallies, Says Tellurian’s Souki

Reduced natural gas drilling in the United States has surprisingly caused European and Asian LNG prices to quickly surge, said Tellurian Inc. chairman and liquefied natural gas (LNG) pioneer Charif Souki during an interview with Columbia University this week. “America sneezes and the rest of the world catches a cold,” Souki said in a podcast…

September 3, 2020