LNG exports

In another indication of renewed interest in natural gas storage capacity, Mississippi’s Leaf River Energy Center is seeking to modify its facility to maximize injections and withdrawals in response to customer requests for greater flexibility. NJR Midstream’s Leaf River, the third largest underground salt cavern in the Gulf Coast region, filed a proposal with FERC…

The opportunities for global natural gas, including LNG, look strong in the near term, with a “number of projects” likely to be sanctioned for the next few years, Baker Hughes Co. CEO Lorenzo Simonelli said Wednesday. During the conference call to discuss second quarter 2023 results, Simonelli said recent customer discussions to advance more liquefied…

More U.S. LNG cargoes are taking longer and costlier routes to reach consumers in Asia as a drought impacting levels at the Panama Canal has increased wait times to transit the waterway. “The Panama Canal remains a primary route for U.S. LNG to access Asian markets, though an increased volume of trade is utilizing other…

Following back-to-back gains, natural gas futures faltered Wednesday, held in check by meager export volumes and expectations for the next government inventory report to show continued stout supplies in underground storage. At A Glance: 50s Bcf storage build expected Production remains wild card Weather demand strengthens The August Nymex gas futures contract settled at $2.632/MMBtu,…

NextDecade Corp. has officially reached a final investment decision (FID) and given a notice to proceed on construction of the first phase of its Rio Grande LNG (RGLNG) facility. The Houston-based company disclosed Wednesday afternoon that it had secured $18.4 billion for the 17.6 million metric ton/year (mmty) first phase, making it what the company…

Fundamentals gained the upper hand in natural gas futures trading on Wednesday, with the July Nymex contract expiring lower amid stubbornly strong production, robust storage levels and lagging LNG demand. At A Glance: Production steady near 100 Bcf/d Storage surpluses seen holding Cash slides on softening demand With Texas poised for a break from the…

As goes the weather, so goes demand for U.S. natural gas supply this summer and beyond, with global turmoil a continuing wildcard, according to a veteran industry executive. Lower gas production has been attributed in part to planned maintenance, but the U.S. gas rig count also bears watching, Marex North America LLC’s Steve Blair, senior…

Mexico’s plans to re-export U.S. natural gas could make the country a major LNG hub, according to an industry analyst. “Mexico currently imports around 6 Bcf/d of natural gas, mostly for power generation and industrial use,” Sergio Chapa, senior LNG analyst at Poten & Partners, told NGI’s Mexico GPI. “The dozen liquefied natural gas export…

Cheniere Energy Inc. said Wednesday it has secured another customer to support a major expansion at its Sabine Pass LNG export terminal in Louisiana.  Cheniere Marketing LLC entered a sales and purchase agreement (SPA) to provide Equinor ASA 1.75 million metric tons/year (mmty) of the super-chilled fuel for a term of 15 years. Equinor would…