LNG

Mexico’s nascent LNG market could be impacted by the decision of U.S. authorities to pause export licenses as they review methodology and guidelines. The liquefied natural gas export projects planned in Mexico, which amount to as much as 6 Bcf/d, would use U.S. natural gas as feed stock. As such, they require U.S. Department of…

Weekly natural gas cash prices fell for a second week as milder winter weather deflated demand across much of the Lower 48. NGI’s Weekly Spot Gas National Avg. for the Jan. 22-26 period tumbled $2.165 to $2.380/MMBtu with declines in all regions. The Northeast led the way down. Iroquois Zone 2 collapsed $13.480 to average…

The Netherlands became the third-largest European LNG importer last year, after France and Spain, as U.S. liquefied natural gas imports flooded Dutch LNG facilities.   With a planned expansion for the Gate LNG import terminal to 20 billion cubic meters (Bcm) annually, the EemsEnergy Terminal in  Eemshaven’s current 8 Bcm/year capacity, and the proposed 7.2 Bcm…

FERC on Thursday approved separate natural gas projects, including by Transcontinental Gas Pipe Line Co. LLC (Transco) and Tennessee Gas Pipeline Co. LLC (TGP), that would expand deliveries to the Gulf Coast and Northeast. Transco, a Williams subsidiary, received the green light for its Texas to Louisiana Energy Pathway to serve rising demand for LNG…

Natural gas futures sank below $3.000/MMBtu on Tuesday as markets looked past the immediate brutal cold to an expected warm-up in temperatures next week as indicated by increased confidence in weather models. At A Glance: Brutal cold to last into weekend Production drops to 92.4 Bcf/d NGI models 165 Bcf draw The February Nymex natural…

Natural gas and oil explorers worldwide are predicted to spend 5% more overall this year for upstream activity, with North American budgets rising for the third consecutive year. While upstream capital expenditures (capex) by global exploration and production (E&P) companies will climb, it’s predicted to sharply decelerate from the double-digit gains in 2023, according to…

Merging the Lower 48 portfolios of Chesapeake Energy Corp. and Southwestern Energy Co. is set to create the largest natural gas pure-play in the United States, becoming a “must-own” company with the resources to redefine the global energy reach of independent producers. The $7.4 billion combination announced on Thursday was expected, as the tie-up has…

Mexico’s natural gas market will continue its modernization and expansion in 2024, regardless of who wins the presidential election on June 2. Natural gas demand in Mexico, driven by the power sector, continues to rise. Power demand was up by around 440 MMcf/d in 2023 to 4.603 Bcf/d, according to Wood Mackenzie data. Natural gas…

Germany has launched an investigation into whether a natural gas pipeline intended to connect a floating storage and regasification unit (FSRU) to the regional grid was sabotaged ahead of its operational launch. German newspaper group SHZ first reported a roughly 34-mile section of pipeline under construction by Dutch network operator Gasunie appeared to have several…