lng demand

As the United States moves to reassure allies that reliable LNG exports are still a priority, market analysts warn the Department of Energy’s (DOE) pause on new export permits has already opened the door for international competitors. President Biden met with Japanese Prime Minister Kishida Fumio Wednesday where, along with security and economic cooperation, the…

A Louisiana appeals court on Wednesday ruled that Energy Transfer LP may not block DT Midstream Inc. (DTM) from building natural gas pipeline crossings underneath its system, with one judge stating that Energy Transfer’s property rights do not extend “to the center of the earth.” In a unanimous ruling by the three-judge panel, the Louisiana…

Natural gas futures advanced for a fourth consecutive session on Wednesday, with traders sharpening their collective focus on leaner production and recovering LNG export levels. These bullish factors countered weakening weather-driven demand and stout supplies in storage. At A Glance: Fourth straight prompt month gain Analysts anticipate modest injection Production hovers around 98 Bcf/d The…

A roundup of news and commentary from the global gas market FERC has granted Venture Global LNG Inc. permission to start building power facilities and install turbine generators at its Plaquemines liquefied natural gas export facility as the company continues to target first LNG sometime this year. Venture Global sanctioned the 13 million metric ton/year…

After rallying early amid supportive fundamental trends, natural gas futures lost steam through midday trading. Market speculation around potential disruptions to LNG export traffic out of Corpus Christi, TX, may have played a role in tempering early gains. Here’s the latest: May Nymex futures trading at $1.873/MMBtu as of 2:30 p.m. ET, up 2.9 cents…

Weekly natural gas cash prices gained ground overall amid a rash of chilly northern temperatures, but pockets of weakness, particularly in West Texas, tempered the advance. NGI’s Weekly Spot Gas National Avg. for the April 1-5 period rose 16.0 cents to $1.460/MMBtu. As the trading week culminated, leading gainers included Michigan Consolidated, up 25.0 cents…

Small-scale LNG producer Stabilis Solutions Inc. expects the fuel’s use in commercial rocket launches to rapidly expand over the next several years, creating more demand and incentives to grow its liquefaction capacity. Houston-based Stabilis recently disclosed it expects demand for high-purity liquefied natural gas to grow 40% year/year in 2024 as the pace of rocket…

A roundup of news and commentary from the global gas market A 7.4-magnitude earthquake impacted Taiwan and briefly triggered a tsunami warning Tuesday, but hasn’t appeared to disrupt LNG imports, according to data from Kpler. Two vessels initially were turned away during the warning, but imports resumed on Wednesday. Taiwan imported more than 20 million…

Near-term demand weakness, including from a milder shoulder season temperature outlook and declining export volumes, had natural gas futures trading lower through midday Wednesday. Physical prices for multi-day delivery over the upcoming holiday weekend saw heavy discounts. Here’s the latest: May Nymex contract down 7.5 cents to $1.713/MMBtu as of 2:21 p.m. ET NGI modeling…