LNG

Against a consistent backdrop of lackluster natural gas demand, robust production, lagging exports and unseasonably solid storage inventories, forward prices continued to crumble during the March 16-22 period, according to NGI’s Forward Look. Natural gas fixed prices declined more than 30.0 cents on average for April, with several U.S. locations recording even steeper decreases for…

North American natural gas prices are again testing $2.00/MMBtu as the market remains oversupplied amid light demand from a warmer than usual winter. The April New York Mercantile Exchange gas futures contract lost 1.7 cents day/day on Thursday and settled at $2.154. May fell 2.4 cents to $2.283. A day earlier, both shed more than…

Click here to listen to the latest episode of NGI’s Hub & Flow. Senior LNG editor Jamison Cocklin and special contributor Brad Hitch discuss Hitch’s new column that was launched for NGI’s LNG Insight earlier this year. Hitch, an industry veteran and a former LNG trader, discusses the need for better information in the global…

New Asian LNG buyers are making forays into the spot market amid a drop in regional prices, but global volatility and the risk of more price spikes could create hurdles for government policies to reduce reliance on coal. Asian spot prices fell in February and March because of a mild winter, lower demand from Europe…

U.S. natural gas exporters are increasingly eyeing the global market, according to new data published by the Federal Energy Regulatory Commission, or FERC. U.S. LNG exports rose by 8.6% year/year to average 10.6 Bcf/d in 2022, with demand growth driven by European markets seeking a substitute for Russian supply, FERC said in its 2022 State…

Click here to listen to the latest episode of NGI’s Hub & Flow. Senior LNG editor Jamison Cocklin and special contributor Brad Hitch discuss Hitch’s new column that was launched for NGI’s LNG Insight earlier this year. Hitch, an industry veteran and a former LNG trader, discusses the need for better information in the global…

Canada’s TC Energy Corp. thinks any capacity constraints in Mexico would be solved if the financing for LNG export projects were in place, CEO Francois Poirier told NGI on the sidelines of the CERAWeek by S&P Global Conference in Houston earlier this month. In Mexico, TC is solidifying partnerships with Mexico’s state power utility Comisión…

Natural gas futures probed higher early Monday, with bulls seizing upon favorable near-term weather, steady export demand and market expectations for a seasonally robust inventory withdrawal. But intensifying stress in the global financial system ultimately curbed the momentum and left futures in the red as markets closed. At A Glance: Mixed weather outlook All eyes…

U.S. natural gas production and LNG exports are likely to grow between now and 2050 with domestic gas consumption dropping only slightly, according to the Energy Information Administration (EIA). All of the scenarios modeled in EIA’s latest Annual Energy Outlook (AEO) released Thursday show the United States remaining a net exporter of natural gas and…