LNG exports

Natural gas prices hovered in a narrow range of modest gains and losses early Monday before creeping upward and ultimately finishing comfortably in positive territory, as traders assessed a bearish tilt in the weather outlook against strong demand prospects for U.S. liquefied natural gas (LNG) exports. The February Nymex gas futures contract settled at $3.815,…

Natural gas prices rebounded with a flurry on Monday, driven higher by surging demand for U.S. exports of liquefied natural gas (LNG) and domestic forecasts for colder weather in the month ahead. The January Nymex gas futures contract settled at $3.834, up 14.4 cents day/day. The prompt month was up more than 20 cents in…

Cheniere Energy Inc. has entered into a binding 20-year liquefied natural gas (LNG) sale and purchase agreement (SPA) with Chinese utility Foran Energy Group. Under the SPA, Foran has agreed to purchase approximately 0.3 million metric tons/year (mmty) of LNG from Cheniere Marketing on a delivered ex-ship basis for 20 years beginning in January 2023.…

Tellurian Inc. is in no hurry to sell all of the 27 million metric tons/year (mmty) of liquefied natural gas (LNG) capacity from the proposed Driftwood export project in Louisiana even though there’s an opportunity to do so, according to CEO Octávio Simões. The company has agreed to supply 9 mmty of LNG from the…

Cheniere Marketing, LLC has signed a binding 13-year liquefied natural gas (LNG) sales and purchase agreement (SPA) with a unit of Glencore plc, parent company Cheniere Energy Inc. reported Monday. Glencore will purchase approximately 0.8 million metric tons/year (mmty) on a free-on-board basis under the SPA. Cheniere said the 13-year term starts in April 2023.…

Natural gas futures traded above $6.000/MMBtu to start the week as global supply concerns continued to infiltrate the U.S. gas market. With domestic gas demand at a seasonal low, however, early gains were pared and the November Nymex gas futures contract settled at $5.766, still up a significant 14.7 cents from Friday’s close. Spot gas…

Private investment firm Stonepeak Infrastructure Partners is expanding its reach in the liquefied natural gas (LNG) shipping space with the takeover of Teekay LNG in a transaction valued at $6.2 billion. The deal announced Monday would give New York-based Stonepeak access to the third-largest LNG carrier fleet in the world. Teekay owns or has stakes…

Natural gas futures sailed higher on Monday, rallying for a third straight session ahead of prompt month expiration and amid a potential global energy supply crunch. The October Nymex contract spiked 56.6 cents day/day and settled at $5.706/MMBtu. October rolls off the board as the prompt month at the close of trading Tuesday. November jumped…

Natural gas futures on Tuesday declined for a fourth straight session, as traders mulled cooling weather patterns and interruptions to U.S. exports of liquefied natural gas (LNG). Global demand, however, remains robust and stockpiles for winter are tight, leaving open the potential for a supply crunch and a surge in prices in the weeks ahead.…