Exports

Flex LNG CEO Sees Shipping Market Tightening Further

Flex LNG CEO Sees Shipping Market Tightening Further

The liquefied natural gas (LNG) shipping market is expected to tighten in the coming years as carrier owners fill charters and older, higher emitting vessels are pushed out of the market, Flex LNG Ltd. CEO Øystein Kalleklev said. One-year term charter rates have risen since the start of the year as global LNG demand has…

August 17, 2021
Demand for U.S. Natural Gas Exports to Surge Through 2021, EIA Says

Demand for U.S. Natural Gas Exports to Surge Through 2021, EIA Says

With robust demand from both Europe and Asia for U.S. supplies of liquefied natural gas (LNG) and strong levels of pipeline deliveries to Mexico, the Energy Information Administration (EIA) forecasted that U.S. gas exports would exceed imports by an average of 11.0 Bcf/d in 2021. That would mark a nearly 50% jump from the 2020…

August 16, 2021
Golar LNG Eyes Shipping Spin-Off as Upstream Emphasis Grows

Golar LNG Eyes Shipping Spin-Off as Upstream Emphasis Grows

Bermuda-based liquefied natural gas (LNG) specialist Golar LNG Ltd. may spin off its shipping unit amid a positive outlook for freight rates. CEO Karl Fredrik Staubo said recently strong demand in Asia, along with new International Maritime Organization decarbonization rules that would cut the number of active older LNG carriers starting in 2023, is likely…

August 13, 2021
Natural Gas Futures Plunge to $3.93 on Ho-Hum EIA Storage Stat, Weak Cash

Natural Gas Futures Plunge to $3.93 on Ho-Hum EIA Storage Stat, Weak Cash

Natural gas futures fell back below $4.00 on Thursday after the latest government storage figure came in on the higher side of expectations. With a cool front on the way and cash prices weaker, the September Nymex gas futures contract settled at $3.933, off 12.6 cents. October slid 12.3 cents to $3.948. At A Glance:…

August 12, 2021
Vortexa’s New LNG Chief Sees Strong ‘Momentum’ in Global Natural Gas Market

Vortexa’s New LNG Chief Sees Strong ‘Momentum’ in Global Natural Gas Market

Vortexa Ltd.’s Felix Booth, head of liquefied natural gas (LNG), doesn’t expect the global market to loosen anytime soon as supplies remain scarce and demand rebounds from lows of the Covid-19 pandemic.  Based in Singapore, Booth recently joined energy analytics firm Vortexa, which is aiming to cast a wider net in the evolving LNG business.…

August 12, 2021
United States Led Global LNG Exports Higher Through May, IEA Says

United States Led Global LNG Exports Higher Through May, IEA Says

Natural gas consumption continued to increase across the world in May and exports were up to meet demand, according to the International Energy Agency (IEA). IEA in its latest monthly report said gross natural gas consumption increased 7.4% year/year to 125.9 million cubic meters (MMcm) in developed nations, defined as the Organization for Economic Cooperation…

August 12, 2021
Stagnating Natural Gas Production a Boon to Northeast Forward Prices; Structural Drivers Behind Overall Rally

Stagnating Natural Gas Production a Boon to Northeast Forward Prices; Structural Drivers Behind Overall Rally

Natural gas forward markets rebounded sharply for the trading period ending Aug. 4 as widespread sweltering heat set to return sounded the alarm once again that U.S. storage inventories are on pace to fall uncomfortably short ahead of winter. September forward prices averaged 20.0 cents higher for the July 29-Aug. 4 period, according to NGI’s…

August 6, 2021
Fundamentals Seen Supporting Record Global Natural Gas Prices — LNG Recap

Fundamentals Seen Supporting Record Global Natural Gas Prices — LNG Recap

Natural gas prices across the world remained strong Tuesday as demand centers competed for supplies. Prices in Europe weakened Tuesday, but fundamentals continue to support higher prices. Dutch futures climbed throughout last week and hit a record on Monday to settle near $15/MMBtu. The UK benchmark National Balancing Point contract also touched a 16-year high…

August 3, 2021
Natural Gas Futures Bounce Back; August Closes Strong Run as Prompt Month on High Note

Natural Gas Futures Bounce Back; August Closes Strong Run as Prompt Month on High Note

Natural gas futures rebounded on Wednesday as traders refocused on expectations for strong weather-driven demand in August and continued steady export activity. The August Nymex contract gained 7.3 cents day/day and settled at $4.044/MMBtu. September rose 2.5 cents to $3.967. At A Glance: Futures fly higher eight out of nine days August expires as prompt…

July 28, 2021
U.S. LNG Exports Hit New High in First Half of 2021

U.S. LNG Exports Hit New High in First Half of 2021

U.S. liquefied natural gas (LNG) exports hit record highs in the first half of 2021 as new capacity ramped to meet growing global demand. LNG exports averaged 9.6 Bcf/d in the first six months of the year, according to the U.S. Energy Information Administration. That is a stark contrast to last year when demand cratered…

July 28, 2021