LNG

Drilling activity in China is expected to intensify over the next five years as the nation’s producers are under pressure to boost domestic natural gas and oil production and reduce reliance on imports. According to a recent report by Rystad Energy, China’s top three national oil companies (NOCs) are expected to spend about $123 billion…

Natural gas futures were trading both sides of even early Wednesday as analysts identified potential downside amid an underwhelming weather pattern into early October. After trading in the red earlier in the hour, the October Nymex contract had recovered by around 8:50 a.m. ET, up 7.3 cents to $4.878/MMBtu. Price action in the early-morning hours…

Latin American liquefied natural gas (LNG) demand has had a record year in 2021 and it is not letting up, tightening a global gas market that has sent prices spiking around the world. Imports of LNG into Latin America for the first eight months of the year added up to 10.44 million tons, according to…

Natural gas futures faltered on Monday, extending to three days a losing streak that materialized alongside forecasts for cooler temperatures and moderating demand.     The October Nymex contract dropped 12.0 cents day/day and settled at $4.985/MMBtu. November fell 12.4 cents to $5.022. At A Glance: Futures fall amid autumn weather Forecasts call for mild conditions Global…

More natural gas is flowing from the Matapal project offshore the dual island nation of Trinidad and Tobago (T&T), BP plc said Monday. The three-well subsea development by BP Trinidad and Tobago LLC (bpTT) ramped up ahead of schedule and under budget. Matapal ties back to the bpTT’s existing Juniper platform, which is about 80…

Natural gas futures rocketed higher early Wednesday as supply concerns continued to grip the market. The October Nymex contract was up 17.4 cents to $5.434/MMBtu at around 8:45 a.m. ET. The continued gains in Henry Hub futures coincide with rallying prices overseas and storage adequacy concerns both at home and abroad, according to Bespoke Weather…

Mexico’s Comisión Federal de Electricidad (CFE) will build alternate natural gas pipeline branches in an effort to get stalled projects in the country moving. Speaking at a press conference earlier this month, CFE Internacional and CFEnergía head Miguel Reyes said new routes would be developed for the Guaymas-El Oro pipeline and the Tuxpan-Tula line. The…

Tight domestic balances, strength in global prices and a tropical cyclone churning along the coast of Texas gave traders plenty to ponder early Tuesday as natural gas futures continued their ascent. After rallying 29.3 cents in the previous session, the October Nymex contract was up another 10.3 cents to $5.334/MMBtu at around 8:50 a.m. ET.…

Cheniere Energy Inc. said Tuesday it expects to take a final investment decision (FID) next year for the Stage 3 expansion at its Corpus Christi liquefied natural gas (LNG) export terminal in South Texas. Executives said the Houston operator is focused on lining up commercial contracts for the expansion, which could add more than 10…