Exports

A confluence of entrenched domestic demand, mounting calls for U.S. exports of LNG and modest production growth – all factors forecast to endure – propelled natural gas futures above $9.00/MMBtu in August and could keep upward pressure on prices for years. Such was the assessment of analysts who spoke Tuesday at the LDC Gas Forum…

Australia should divert LNG exports to meet a domestic gas supply shortfall on the east coast next year, the Australia Competition and Consumer Commission (ACCC) said in its latest  report. Australia’s east coast gas market is expected to have a shortage of 56 petajoules (PJ) next year, or about 10% of domestic demand, according to…

Click here to listen to the latest episode of NGI’s Hub & Flow podcast. In this episode, NGI’s Mexico & Latin America editor Christopher Lenton is joined by Mexico Pacific Ltd. LLC’s Chief Commercial Officer Sarah Bairstow to talk about the company’s LNG export project in Mexico’s Sonora State. Global eyes are on Mexico’s Pacific…

Another crisis for Europe’s gas market was avoided late Monday after the Norwegian government intervened to stop a strike that could have significantly cut production from some of the country’s most critical gas fields. Norway’s Labor Ministry announced late Tuesday that the government took emergency action to intervene in the flagging negotiations between the Lederne…

Barring an increase in domestic natural gas production, the United States should stay the course with regard to liquefied natural gas (LNG) export volumes, the top executive at global chemical manufacturer Huntsman Corp. told NGI. “I don’t think we should be exporting any more LNG than we are today if we’re not going to, conversely,…

Williams on Wednesday hit the green light for the Louisiana Energy Gateway (LEG), a 1.8 Bcf/d natural gas system designed to move Haynesville Shale supply to industrial markets and for export overseas. The LEG system, set for service by late 2024, would deliver Haynesville gas to industrial corridors and to liquefied natural gas (LNG) export…

Cold weather, coal-fired power outages and a lack of natural gas infrastructure to connect to regional markets has left Australia questioning the value of liquefied natural gas (LNG) exports. “Much like recent energy crises elsewhere in the world, the situation in Australia is an unfortunate confluence of massive coal capacity outages, combined with a colder-than-normal…

Following one of the biggest plunges in the history of natural gas trading, futures rebounded on Wednesday as traders digested the impact of a major export outage against a broader backdrop of robust global demand. At A Glance: Traders focus on robust cooling demand Europe’s thirst for U.S. LNG holds strong Cash prices rebound as…

The American Petroleum Institute (API) has put forth a 10-point policy plan it wants the Biden administration to adopt to promote U.S. oil and natural gas production – and ease the global energy crisis. “As energy costs and geopolitical instability around the world continue to rise, API is calling on policymakers to confront the global…