LNG exports

Record production, stout storage and seasonally soft weather-driven demand consistently put downward pressure on natural gas prices in 2023. Analysts expect 2024 to develop into a sequel – barring a sharp reduction in output or an exceptionally hot summer.   The January natural gas futures contract rolled off the books in the final week of 2023…

A Momentum Midstream LLC affiliate has joined two natural gas pipeline operators in accusing Energy Transfer LP of upending industry practices for pipeline crossings in Louisiana, which they said threatens to stall development of the Haynesville Shale and growth of LNG exports. New Generation Gas Gathering (NG3) LLC, a Momentum affiliate, said its $1.6 billion…

Midstream giant Williams said Wednesday that it has reached a deal to acquire a portfolio of Gulf Coast natural gas storage assets from an affiliate of Hartree Partners LP for $1.95 billion, capping a busy year for storage acquisitions and expansions. The deal includes six natural gas storage facilities with a total capacity of 115…

Papua New Guinea’s Kumul Petroleum Ltd. has been gauging interest with several international banks about backing two LNG projects, but environmental opposition could be pushing the state-owned firm to rely on Chinese banks for financing. Banks in Australia, Europe and the United States have been increasingly wary of funding the island nation’s existing and proposed…

Natural gas futures advanced early on Wednesday but flipped negative and descended more as the session wore on, with benign weather demand, robust production and elevated supplies in storage overshadowing export strength. At A Glance: Modest withdrawal expected Production remains elevated LNG activity near record mark Coming off a 1.1-cent loss the prior day, the…

January Nymex natural gas futures’ four-day winning streak ended Tuesday in losses driven by revised weather outlooks that erased some cooler, supportive weather from forecasts. At A Glance: January futures slip 1.1 cents Weather forecasts more bearish Spot gas prices slump The front-month contract settled at $2.492/MMBtu, off 1.1 cents day/day. February futures closed at…

European natural gas prices retreated on Tuesday after the United States announced an international naval force to protect commercial and energy cargoes transiting the Red Sea. The Title Transfer Facility erased the gains it made Monday amid escalating tensions in the Middle East. The prompt month contract fell 8% to close at $10.47/MMBtu, its lowest…

Producers and others along the natural gas value chain are apprehensive about the substantial shift in trading momentum this year, but the sector’s price slump is playing an outsized role in drawing down inflation and easing recession worries. The U.S. Department of Labor said Tuesday its Consumer Price Index (CPI) increased at a 3.1% rate…

European Union (EU) member countries may be allowed to ban natural gas pipeline and LNG imports from Russia and Belarus in the near future, potentially increasing tensions with some of the bloc’s largest importers of the super-chilled fuel. A proposed resolution endorsed on Friday by the European Parliament and the EU Council would give member…