Exports

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
Natural Gas Futures Within Striking Distance of $4 on Early January Cold; Western Cash Up Sharply

Natural Gas Futures Within Striking Distance of $4 on Early January Cold; Western Cash Up Sharply

After some intraday volatility amid thin pre-holiday trading, natural gas futures shot higher midweek on the increasing likelihood that frigid air would finally descend into vast stretches of the United States. The January Nymex gas futures contract soared 10.7 cents to settle at $3.976 on Wednesday. The prompt month has gained 28.6 cents over the…

December 22, 2021
European Natural Gas Prices Hit Record, Creating Big Arbitrage Opportunity for U.S. LNG

European Natural Gas Prices Hit Record, Creating Big Arbitrage Opportunity for U.S. LNG

A breakneck rally in European natural gas prices continued Wednesday, propelling benchmarks on the continent to abnormally high premiums above those in Asia and creating massive arbitrage opportunities for U.S. liquefied natural gas (LNG) exports.  Dutch front-month futures have gained about $10/MMBtu over the last week. The January Title Transfer Facility (TTF) contract finished nearly…

December 15, 2021
Eagle LNG Inks Supply Deal to Displace Fuel Oil, Diesel in Aruba

Eagle LNG Inks Supply Deal to Displace Fuel Oil, Diesel in Aruba

Eagle LNG Partners LLC has signed a long-term deal to supply liquefied natural gas (LNG) for a receiving and regasification terminal in Aruba as the company continues to expand its operations in the Caribbean. The $100 million facility in San Nicolas would offload LNG for Web Aruba, the local power and water utility, to fuel…

December 10, 2021
Hints of Colder Weather Send Shivers Up Natural Gas Futures Curve

Hints of Colder Weather Send Shivers Up Natural Gas Futures Curve

Natural gas futures strengthened for the second day in a row, this time on what forecasters said was the potential for a “material change” in the weather pattern before the new year begins. The January Nymex gas futures contract settled Wednesday at $3.815/MMBtu, up 10.7 cents day/day. February climbed 10.0 cents to $3.774. Spot gas…

December 8, 2021
U.S. Energy Exports to Canada Hit Four-Year Low in 2020, EIA Says

U.S. Energy Exports to Canada Hit Four-Year Low in 2020, EIA Says

As Covid-19 depressed petroleum demand, the value of the energy trade between the United States and Canada fell sharply from 2019 to 2020, according to the U.S. Energy Information Administration (EIA). Citing U.S. Census Bureau data, EIA said the value of domestic energy imports from Canada fell 31% in 2020 compared with the previous year.…

December 8, 2021
Natural Gas Forwards Nosedive on December Warmth, But Global Prices Still Seen Posing Risks

Natural Gas Forwards Nosedive on December Warmth, But Global Prices Still Seen Posing Risks

The natural gas market returned from Thanksgiving seemingly ready to pull the plug on winter.  Amid forecasts insisting on a milder December pattern that would substantially mitigate risks of a winter supply crunch, natural gas forwards dropped sharply during the Nov. 24-Dec. 1 trading period, NGI’s Forward Look data show. Henry Hub fixed price forwards…

December 3, 2021
U.S. Poised to Become World’s Biggest LNG Exporter, EIA Says

U.S. Poised to Become World’s Biggest LNG Exporter, EIA Says

The United States will have the world’s largest liquefied natural gas (LNG) export capacity in 2022 once the sixth train at Cheniere Energy Inc.’s Sabine Pass terminal and Venture Global Inc.’s Calcasieu Pass facility come online in Louisiana next year, according to the Energy Information Administration (EIA).* At that point, peak U.S. LNG production capacity…

December 3, 2021
January Natural Gas Prices Plunge Back to $4.25 as LNG Demand No Match for Mild Weather

January Natural Gas Prices Plunge Back to $4.25 as LNG Demand No Match for Mild Weather

Natural gas futures extended their losses for a third straight day as weather models continue to portray a pattern that is more reflective of springtime conditions than winter. After shedding more than 90 cents over the previous two sessions, the January Nymex gas futures contract plunged another 30.9 cents to settle at $4.258/MMBtu. Spot gas…

December 1, 2021
Australia Unveils Plan to Ensure Domestic Natural Gas Demand Is Met

Australia Unveils Plan to Ensure Domestic Natural Gas Demand Is Met

The Australian Government has outlined a program that it contends will help the country secure natural gas supplies over the next two decades. “The National Gas Infrastructure Plan supports a strategic approach to gas infrastructure investment over the next 20 years and aims to guide industry to priority areas that need to be addressed to…

November 30, 2021