Gulf Coast

Pembina Pipeline Corp. and its project partners in the Cedar LNG export project in British Columbia (BC) disclosed that they have given a notice to proceed to their contractors and are working on the final financial arrangements after securing binding offtake agreements for the project. Arc Resources Ltd., one of Canada’s largest natural gas producers,…

More than a decade after its last large build-out, natural gas salt dome storage is undergoing a revival along the Gulf Coast as LNG exports and renewables raise demand and prices for the flexible storage option. In February, Gulf Coast Midstream Partners LLC (GCM) filed with Texas regulators to build the region’s first greenfield salt…

Midstream giant Williams reported a jump in earnings and, during accompanying investor presentations, touted an expected spike in natural gas demand through this decade and into the next even if new political or regulatory roadblocks emerge. “Under any scenario, a lot of growth is coming on the demand side,” CEO Alan Armstrong said during an…

Warm weather across the Northern Hemisphere continues to drag down global natural gas prices as demand remains weak and supplies are healthy.  Title Transfer Facility (TTF) and Japan-Korea Marker (JKM) futures have fallen by over 30% since the start of winter.  “The key drivers behind falling prices have been a mild winter, ongoing demand weakness…

FERC on Thursday approved separate natural gas projects, including by Transcontinental Gas Pipe Line Co. LLC (Transco) and Tennessee Gas Pipeline Co. LLC (TGP), that would expand deliveries to the Gulf Coast and Northeast. Transco, a Williams subsidiary, received the green light for its Texas to Louisiana Energy Pathway to serve rising demand for LNG…

Houston-based Talos Energy Inc. is snapping up QuarterNorth Energy Inc., a privately held U.S. deepwater explorer in the Gulf of Mexico (GOM), as it doubles down to expand its “operational breadth and production profile,” CEO Timothy Duncan said. The $1.29 billion cash-and-stock definitive agreement, announced on Monday, would increase Talos output for 2024 by about…

The management team of Southwestern Energy Co. sees strengthening natural gas prices on the horizon, as U.S. producers tap the brakes on output and LNG exports continue to rise. CEO Bill Way hosted a conference call to discuss third quarter results for the natural gas-weighted independent, which operates in the Appalachian Basin and the Haynesville…

Natural gas futures fell on Monday for a fourth consecutive session, succumbing to shifts in fundamentals as production jumped to record levels and forecasts showed fading weather demand in the back half of October. At A Glance: Benign conditions spread Production tops 103 Bcf/d NGI models 79 Bcf injection Coming off a 10.8-cent drop on…

Click here to listen to the latest episode of NGI’s Hub & Flow, in which NGI Senior Markets Editor Kevin Dobbs interviews Marex North America LLC’s Steve Blair, senior account executive. Blair addresses possible production cuts, supplies in storage, weather demand, Australian LNG strikes, war in Russia and more – setting the stage for winter…