LNG

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…

After two years of slumping liquefied natural gas (LNG) demand in South America’s major economies, the tide this year has shifted. Even as the first ever cargo of LNG is arriving this week in Mexico’s Baja California Sur, the country in fact has seen a sharp slowdown in LNG imports at its Manzanillo and Altamira…

Editor’s Note: NGI’s Mexico Gas Price Index, a leader tracking Mexico’s natural gas market reform, is offering the following column by Eduardo Prud’homme as part of a regular series on understanding this process. Baja California is a very long peninsula, but in economic terms, especially on its southern end, the flow of goods and services…

The United States accounted for all of the world’s new liquefied natural gas (LNG) production capacity last year, as exports grew despite challenges created by the Covid-19 pandemic, according to the 12th annual World LNG Report by the  International Gas Union (IGU). Cameron, Freeport and Elba Island LNG added 20 million tons (Mt) of annual…

California’s Sempra Energy is looking to develop a second liquified natural gas (LNG) project in Mexico called Vista Pacifico at Topolobampo in Sinaloa state.  Sempra LNG regional vice president Brian Lloyd said last week the project would import natural gas from U.S. shale basins for re-export as LNG. Vista Pacifico would have an export capacity…

EIA prints a bearish injection of 71 Bcf into storage LNG volumes recover, but pandemic injects India wildcard Cash prices give up more ground amid mild weather Natural gas futures on Thursday extended a losing streak to three days following a bearish government inventory report and absent new near-term catalysts for momentum. The June Nymex…

New Fortress Energy Inc. (NFE) is forecasting the startup by the end of June of its liquefied natural gas (LNG) import terminal and associated 135 MW power plant in Mexico’s Baja California Sur (BCS) state. The small-scale terminal at the Port of Pichilingue in La Paz will have a processing capacity of 1.8 million gallons/day,…