Exports

Enbridge’s Line 3 Replacement Set to Flow Oil Oct. 1

Enbridge’s Line 3 Replacement Set to Flow Oil Oct. 1

The Alberta government and Canadian oil exporters celebrated Wednesday after Enbridge Inc. confirmed that its Line 3 pipe replacement project had been completed and would start deliveries Friday (Oct. 1). “It’s fantastic news for our province’s economic recovery,” said Premier Jason Kenney. “Our government will continue to fight for all projects that help bring our…

September 30, 2021
October Natural Gas Futures Tread Water Ahead of EIA Storage Report

October Natural Gas Futures Tread Water Ahead of EIA Storage Report

Natural gas futures on Wednesday snapped a four-day losing streak, though barely, after trading in a narrow range most of the session. Rebounding liquified natural gas (LNG) export volumes offset domestic demand forecasts that held in bearish territory. At A Glance: Futures snap four-day slide Analysts expect storage build in 70s-80s Bcf Weather forecasts remain…

September 22, 2021
Tribes Partnering on Proposed Canadian LNG Export Terminal in Newfoundland

Tribes Partnering on Proposed Canadian LNG Export Terminal in Newfoundland

A Newfoundland candidate to launch liquefied natural gas (LNG) exports from Canada’s Atlantic coast stepped forward Tuesday with a prospective native partner and support from the provincial government. LNG Newfoundland & Labrador Ltd., Miawpukek First Nation, the First Nations Major Projects Coalition and provincial Premier Andrew Furey unveiled a “framework agreement” for a C$10 billion…

September 22, 2021
Venture Global, Cheniere Move Closer to Starting Up Louisiana LNG Projects

Venture Global, Cheniere Move Closer to Starting Up Louisiana LNG Projects

It’s likely that more U.S. natural gas will be liquefied for export this winter as two projects in Louisiana continue to advance.  Both the Calcasieu Pass export terminal and a sixth train at the Sabine Pass facility recently signaled that they could be up and running by the end of the year. Venture Global LNG…

August 27, 2021
Pandemic’s Buoyancy Raises New Concerns About U.S. Natural Gas, Oil Demand

Pandemic’s Buoyancy Raises New Concerns About U.S. Natural Gas, Oil Demand

The economic impact of the Covid-19 Delta variant already threatens demand for oil and could dampen consumption of U.S. natural gas, particularly exports to Asia, if new restrictions imposed to slow the virus’ spread in China drag deep into 2021. In the United States, overall case totals and hospitalizations remain lower than the highs reached…

August 23, 2021
Natural Gas Futures Range-Bound Ahead of EIA Storage Report; Cash Still Soft

Natural Gas Futures Range-Bound Ahead of EIA Storage Report; Cash Still Soft

Natural gas futures continued to flip flop midweek as a technical bounce lifted prices modestly despite cooler weather in the forecast. A recovery in exports to Mexico also likely had a hand in the uptick, which boosted the September Nymex futures contract 1.5 cents to $3.852/MMBtu. At A Glance: Technicals play into modest uptick for…

August 18, 2021
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
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