LNG exports

Natural gas futures faltered on Monday, extending to three days a losing streak that materialized alongside forecasts for cooler temperatures and moderating demand.     The October Nymex contract dropped 12.0 cents day/day and settled at $4.985/MMBtu. November fell 12.4 cents to $5.022. At A Glance: Futures fall amid autumn weather Forecasts call for mild conditions Global…

Natural gas futures on Friday dipped lower for a second consecutive day as traders mulled forecasts for milder temperatures, the specter of easing demand and the potential for stronger storage injections ahead. The October Nymex contract dropped 23.0 cents day/day and settled at $5.105/MMBtu. November fell 23.6 cents to $5.146. NGI’s Spot Gas National Avg.…

Natural gas futures surged on Monday as a new tropical storm threatened to further shake the Gulf of Mexico’s (GOM) production foundation, a development that could hamper supply/demand balances at a time when gas in storage for winter is already light. The October Nymex contract cruised 29.3 cents higher day/day and settled at $5.231/MMBtu. November…

Initial construction activities have started at the Plaquemines liquefied natural gas (LNG) export project in Louisiana, the development’s sponsor told federal regulators on Tuesday. In a Tuesday FERC filing, Venture Global LNG Inc. said work began at the terminal site on Aug. 18, but was halted on Aug. 27 as Hurricane Ida approached the Louisiana…

Recently and soon-to-be completed infrastructure will allow natural gas imports to Mexico from the United States to grow by an estimated 10% over the 2020-2024 period, the International Energy Agency (IEA) said Monday. Gas flows via pipeline to Mexico swelled by 45% between 2016 and 2020, and rose 15% year/year during the first half of…

Sempra executives on Tuesday (June 29) said bringing the initial phase of the Energía Costa Azul (ECA) liquefied natural gas (LNG) project online in Baja California, Mexico was a top priority, but also said they are already looking at ways to lower the cost of a planned expansion.  “It’s an optimization game,” Sempra LNG CEO…

After two years of slumping liquefied natural gas (LNG) demand in South America’s major economies, the tide this year has shifted. Even as the first ever cargo of LNG is arriving this week in Mexico’s Baja California Sur, the country in fact has seen a sharp slowdown in LNG imports at its Manzanillo and Altamira…

The United States accounted for all of the world’s new liquefied natural gas (LNG) production capacity last year, as exports grew despite challenges created by the Covid-19 pandemic, according to the 12th annual World LNG Report by the  International Gas Union (IGU). Cameron, Freeport and Elba Island LNG added 20 million tons (Mt) of annual…

Tellurian Inc. on Thursday said it has signed a sales and purchase agreement (SPA) with Vitol Inc. to supply 3 million metric tons/year (mmty) of liquefied natural gas (LNG) from its proposed Driftwood export terminal in Louisiana. The announcement came a week after Tellurian announced a similar deal with Gunvor Group Ltd., another leading global…