Heading

Nearly all the key economic barometers for natural gas markets are expected to continue heading south this year, with the exception of Gulf of Mexico (GOM) gas production, U.S. imports of liquefied natural gas (LNG) and the level of working gas inventory, the Energy Information Administration (EIA) said in its Short-Term Energy Outlook for May.

Nearly all the key economic barometers for natural gas markets are expected to continue heading south this year, with the exception of Gulf of Mexico (GOM) gas production, U.S. imports of liquefied natural gas (LNG) and the level of working gas inventory, the Energy Information Administration (EIA) said in its Short-Term Energy Outlook for May.

Heading into what they hope is the home stretch for their permitting process, backers of the Jordan Cove liquefied natural gas (LNG) project at Coos Bay, OR, said last Monday they have reached an agreement with the Oregon Department of Energy on the would-be terminal’s future commitments to state, county and other governmental agencies. The announcement comes as the Jordan Cove backers await a final FERC environmental assessment May 1.

Heading into what they hope is the home stretch for their permitting process, backers of the Jordan Cove liquefied natural gas (LNG) project at Coos Bay, OR, announced Monday they have reached an agreement with the Oregon Department of Energy on the would-be terminal’s future commitments to state, county and other governmental agencies. The announcement comes as the Jordan Cove backers await a final FERC environmental assessment May 1.

There’s no doubt among executives in the liquefied natural gas (LNG) business that a wave of imports is heading for U.S. terminals later this year. And while the U.S. is the market of last choice for global LNG producers, some terminals offer a richer netback than others, namely those on the East Coast, speakers at a Houston conference said Thursday.

The economic slowdown, falling prices and overwhelming onshore production aren’t enough to deter more liquefied natural gas (LNG) from heading to North American shores, but the Russia-Ukraine gas dispute could prove consequential for the Atlantic Basin’s business later this year, energy consultants said last week.

Based on the season’s first burst of truly robust heading load in many areas, which is expected to be short-lived, most points were able to rally Monday. The restoration of industrial demand following a weekend also contributed to the overall firmness, which occurred despite Friday’s 18-cent drop by October futures.

With the second hurricane in as many weeks heading toward the Gulf of Mexico (GOM) production area and causing some operators to have second thoughts about continuing to repopulate their offshore facilities, prices were up at all but two points Monday. The cash market also had support from the previous Friday’s advance of 12.7 cents by October futures and the return of industrial load from its typical weekend decline.

With a renewed interest over the last few years in oil and natural gas prospects in Alaska, Irving, TX-based Fluor Corp. is heading back to Alaska to open an office in Anchorage to support projects in the region.