LNG

Natural gas futures continued to slide in early trading Friday as the market mulled evidence of a looser supply/demand balance in the latest government inventory data. Coming off a 12.6-cent sell-off in the previous session, the September Nymex contract was down another 3.9 cents to $3.894/MMBtu at around 8:50 a.m. ET. The Energy Information Administration…

San Diego-based Sempra is advancing plans to expand the Energia Costa Azul (ECA) liquefied natural gas (LNG) export project in Mexico, CEO Jeffrey Martin said during a recent earnings call. Subsidiaries Sempra LNG and Infraestructura Energética Nova (IEnova) late last year sanctioned the 3.25 million metric ton/year (mmty) ECA LNG Phase 1 liquefaction project. The…

Pembina Pipeline Corp. laid the foundation for potential future growth by securing three partnerships, described as “significant and transformational,” during the first six months of this year. Among the partnerships is a venture with TC Energy Corp. called Alberta Carbon Grid into carbon capture, utilization and storage (CCUS). The Calgary-based pipeline companies proposed building a…

Rising construction costs are likely to give brownfield liquefied natural gas (LNG) projects an extra advantage over greenfield sites as planned developments move toward sanction, Sempra CEO Jeff Martin said Thursday. “Greenfield projects tend to have a little bit of a higher per-unit cost than brownfield projects, Martin said during the 2Q2021 earnings call. “This…

Natural gas futures traded both sides of the $4.00/MMBtu mark on Monday as bullish weather forecasts and persistently sagging storage levels quickly reversed the losses from late last week. The September Nymex gas futures contract hit a $4.042 intraday high but ultimately finished the day at $3.935, up only 2.1 cents from Friday’s close. Spot…

With natural gas and liquids prices soaring, along with ethane demand, ExxonMobil hit on all cylinders during 2Q2021.  The supermajor unveiled its quarterly report on Friday, offering investors some encouraging news following a volatile run over the past few quarters. The gains were keyed to higher commodity prices and a stellar performance by the Chemicals…

TotalEnergies SE benefited from a rebound in commodity prices in the second quarter as earnings came in above pre-Covid 19 levels during the same period in 2019. The French supermajor said international oil and natural gas markets climbed 13% and 28%, respectively, sequentially in 2Q2021. The integrated gas, renewables and power segment also continued to…

Chart Industries Inc. CEO Jill Evanko expressed optimism on Thursday that up to four large U.S. liquefied natural gas (LNG) export projects could be sanctioned early next year following a flurry of activity in the past two months. Evanko said she was “very bullish on one to four U.S. Gulf Coast export projects that already…

Natural gas futures climbed even higher on Friday, extending to six days a furious demand-driven rally that sent the prompt month to a close above $4.00 for a second session. The August Nymex contract rose 5.7 cents day/day and settled at $4.060/MMBtu, its highest mark since 2018. September gained 6.0 cents to $4.042. NGI’s Spot…