LNG

With cooler weekend weather trends helping to strengthen the demand outlook in a market already concerned about supply availability, natural gas futures advanced in early trading Monday. The May Nymex contract was up 17.3 cents to $6.451/MMBtu at around 8:50 a.m. ET. Weather models trended cooler over the weekend, advertising stronger cooling for the eastern…

NextDecade Corp., which was facing concerns about its financial strength at the beginning of the year, has received a $30 million injection and taken major steps in the last few weeks toward sanctioning a liquefied natural gas (LNG) export project in South Texas. The Houston-based LNG developer in March said in its annual report it…

Shell plc’s Trinidad and Tobago (T&T) subsidiary has started production from two areas in its offshore Colibri project, boosting natural gas production for the dual-island, gas-rich nation. Colibri is expected to add 30,000 boe/d, or 174 MMcf/d of near-term gas with peak production of around 43,000 boe/d (250 MMcf/d) through a series of four subsea…

Two liquefied natural gas (LNG) export projects planned for Mexico’s Pacific Coast have reached significant milestones in recent days.  The projects comprise Sempra Infrastructure’s Vista Pacífico LNG terminal planned for Topolobampo, Sinaloa, and Mexico Pacific Ltd.’s (MPL) liquefaction project envisioned for Puerto Libertad, Sonora.  Sempra Infrastructure and TotalEnergies SE are expanding their “strategic alliance” in…

Sub-Saharan Africa (SSA) is looking to boost its natural gas exports over the next eight years, a supply source that could help supplant the loss of Russia’s imports to Europe. The SSA could expand liquefied natural gas (LNG) exports to 60 million metric tons/year (mmty) by 2025 and to another 74 mmty by 2030, according…

The White House on Friday pledged to expedite approvals for liquefied natural gas (LNG) projects and coordinate additional LNG supplies to Europe to end the continent’s dependence on Russian fossil fuels by 2027. The objective is part of a joint task force established by the United States and European Commission (EC) in response to Russia’s…

Against a geopolitical backdrop of an overseas supply crunch, and with estimates showing domestic production continuing to underperform, natural gas futures extended their recent rally in early trading Friday. Adding to a 16.9-cent rally in the previous session, the April Nymex contract was up 12.5 cents to $5.526/MMBtu at around 8:50 a.m. ET. The Biden…

Mexico’s energy system relies heavily on U.S. natural gas and this could lead to price increases and supply shortfalls if the United States focuses more on the liquefied natural gas (LNG) export market, according to analysts at Fitch Ratings Inc. If the U.S. increases gas exports to Europe as a result of Russia’s invasion of…

German utility Uniper SE is accelerating plans to procure more liquefied natural gas (LNG) from the Gate import terminal in the Netherlands.  Starting in October, Uniper said it would increase its capacity rights by 1 billion cubic meters (Bcm) per year for the next three years at the terminal, a key entry point for LNG…