LNG

Mexico was set to receive its first cargo of carbon offset liquefied natural gas on Friday (July 16), according to a Thursday announcement by BP plc and Sempra.  Subsidiaries of the firms inked a contract for delivery of the cargo to Sempra’s Energía Costa Azul (ECA) terminal on Mexico’s Pacific Coast. Greenhouse gas (GHG) emissions…

New Fortress Energy Inc. (NFE) has reached an agreement for liquefied natural gas (LNG) supply through 2027 for most of its import terminals and power generation facilities. The company has nine import terminals in operation or under development in the Caribbean, Central America, Mexico and South America. It imports LNG in underserved markets where it’s…

Natural gas demand in Mexico stayed resilient through pandemic-ravaged 2020 compared to total energy demand, in line with trends seen globally, according to BP plc. Mexico’s natural gas consumption dipped only 1.9% year/year to 3.11 exajoules in 2020, while the country’s total primary energy consumption plunged 14.2% to 6.48 exajoules, according to BP’s Statistical Review…

A deal with French supermajor TotalEnergies SE that would have injected up to $700 million into Tellurian Inc.’s planned Driftwood liquefied natural gas (LNG) export facility in Louisiana has fallen through after the project developer failed to meet a key deadline for sanctioning the project. In a filing with the U.S. Securities and Exchange Commission,…

The developers of the Freeport liquefied natural gas (LNG) export facility in Texas are targeting a mid-2022 final investment decision (FID) and a 2026 startup for the plant’s fourth train as customers indicate interest for long-term contracts. However, CEO Michael Smith told NGI last week that Freeport LNG will maintain a patient approach when it…

Fueled by a large decline in production, intense heat and a return to strong exports, the Energy Information Administration (EIA) reported a modest 16 Bcf injection into storage inventories for the week ending July 2. The figure came in below the lowest of expectations, sending Nymex natural gas futures screaming higher. The August Nymex contract…

Sempra executives on Tuesday (June 29) said bringing the initial phase of the Energía Costa Azul (ECA) liquefied natural gas (LNG) project online in Baja California, Mexico was a top priority, but also said they are already looking at ways to lower the cost of a planned expansion.  “It’s an optimization game,” Sempra LNG CEO…

Click here to listen to the latest episode of NGI’s Hub & Flow podcast in which the fundamentals impacting the North American natural gas market are explored. Leading natural gas marketers collectively lost ground with sales volumes in the first quarter, continuing a two-year trend of year/year declines, according to NGI’s Top North American Natural…

Natural gas futures continued higher in early trading Wednesday as analysts pointed to data showing lagging production and recovering export volumes. The July Nymex contract was up 5.7 cents to $3.315/MMBtu at around 8:50 a.m. ET. Heading into Wednesday’s session there was “very little change” in the temperature outlook compared to 24 hours prior, according…