Exports

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
U.S. Pipeline Natural Gas Exports to Mexico Hit New Monthly Record in June

U.S. Pipeline Natural Gas Exports to Mexico Hit New Monthly Record in June

Natural gas exports via pipeline from the United States to Mexico recorded a new monthly record in June, the U.S. Energy Information Administration (EIA) said in a note Friday, citing data from Wood Mackenzie. Pipeline exports averaged 6.8 Bcf/d for the month, up 25% from June 2020 and 44% from the previous five-year (2016-2020) monthly…

July 26, 2021
Natural Gas Forward Prices Surge on Heat, Lagging Production

Natural Gas Forward Prices Surge on Heat, Lagging Production

With the scorching temperatures the South Central United States is used to seeing in the summer finally starting to build, and production lagging recent highs, August natural gas forward prices soared 32.0 cents on average during the trading period ending July 21, according to NGI’s Forward Look. Price gains were just as impressive for the…

July 23, 2021
Inventories of U.S. Oil Climb as Exports Taper, Imports Rise; Demand Holds Strong

Inventories of U.S. Oil Climb as Exports Taper, Imports Rise; Demand Holds Strong

U.S. crude stockpiles ended a summer-long streak of descensions even as domestic demand increased and production was flat, the U.S. Energy Information Administration (EIA) said Wednesday. The agency noted that exports of American crude dropped during the week, while imports climbed. U.S. commercial crude inventories — excluding those in the Strategic Petroleum Reserve — increased…

July 21, 2021
Global Natural Gas Prices Climb Again as Supplies Remain Tight — LNG Recap

Global Natural Gas Prices Climb Again as Supplies Remain Tight — LNG Recap

Global natural gas prices were climbing again on Monday, picking up from gains last Friday as hotter weather and supply issues have the market heading higher as the week gets underway. Prices rebounded in Europe late last week after the European Commission unveiled a climate package aimed at cutting emissions and boosting renewables that had…

July 19, 2021
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