Exports

European natural gas prices declined again Tuesday despite geopolitical tensions between Russia and Ukraine, which showed no signs of relenting. Mild weather and strong wind output also dragged down prices Monday, reversing last week’s gains that came as the market baked in the risk to European supplies from a broader conflict between Russia and Ukraine.…

President Biden and European Commission President Ursula von der Leyen pledged Friday to work closely to ensure adequate energy supplies for Europe, including liquefied natural gas (LNG), as geopolitical tensions between Russia and Ukraine show no signs of easing.  “The United States and the European Union (EU) are working jointly towards continued, sufficient and timely…

Framed around projections that U.S. consumers could be hit with higher heating bills this year, advocacy groups are renewing the message that expanding U.S. liquefied natural gas (LNG) exports are part of the problem. The nonprofit Institute for Energy Economics and Financial Analysis (IEEFA) is highlighting natural gas price fluctuations from last year in a…

Natural gas traders turned a blind eye to some of the coldest weather of the winter descending upon the country, sending natural gas forward prices plummeting across the country during the trading period from Jan. 13-19, NGI’s Forward Look showed. While fixed prices for the February contract came off as much as $2.610/MMBtu at a…

Liquefied natural gas (LNG) exports drove another record year for the Port of Corpus Christi, with the South Texas gateway ending 2021 with record tonnage. The port saw an 81.2% year/year increase in LNG shipments, while crude oil exports averaged a record 1.76 million b/d in 2021, a slight increase over its 2020 record performance.…

More global natural gas export projects are likely to be sanctioned this year and beyond, fueled by a “growing appetite” for long-term purchase agreements, Baker Hughes Co. CEO Lorenzo Simonelli said Thursday. The world’s No. 2 oilfield services (OFS) company unveiled its fourth quarter and 2021 results, with Simonelli helming a conference call. No. 1…

In updated forecasting stretching to 2023, the Energy Information Administration (EIA) last week laid out a vision of rising natural gas production and exports alongside moderating U.S. prices. Natural gas spot prices at Henry Hub averaged $3.91/MMBtu for 2021, the agency said in its latest Short-Term Energy Outlook. This year and next should bring slightly…

It promises to be another volatile year for the liquefied natural gas (LNG) trade as the market continues to rebalance with European storage inventories woefully short and much riding on the rest of this winter.

The liquefied natural gas (LNG) industry is poised for a milestone year on the path toward establishing emissions measurements across the value chain, particularly in the United States, where suppliers have made progress in a way that could give them a commercial advantage.