With little change to the temperature outlook in the latest round of forecast data, natural gas futures hovered close to even in early trading Tuesday. The May Nymex contract was up 0.1 cents to $2.654/MMBtu at around 8:45 a.m. ET. There were no major changes in the overnight weather data, according to NatGasWeather. Both the…
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Natural Gas Futures Called Slightly Higher, But Weak Near-Term Demand Expected
Natural gas futures crept higher in early trading Monday as markets continued to monitor the obstruction in the Suez Canal. While projections continued to point to weak near-term demand for gas, the expiring April contract picked up 2.5 cents to trade at $2.582/MMBtu at around 8:50 a.m. ET. The May contract was up 2.2 cents…
Stabilis Sees LNG Supply Deals, Customer Inquiries Up for South Texas Plant
Stabilis Solutions Inc., which produces and distributes small-scale liquefied natural gas (LNG), said Wednesday it has three long-term sales contracts that represent up to 40% of the liquefaction capacity at its George West, TX, plant. The company said the contracts are with customers in the infrastructure and mining markets. Combined with existing contracted and uncontracted…
Regulatory Uncertainty Said Holding Back Brazil’s Potential Regasification Boom
Brazil is being seen increasingly as an attractive destination for liquefied natural gas (LNG), but regulatory barriers are hindering development of the country’s market. According to analysts at shipbroker Poten & Partners, regasification project developers and infrastructure owners are “pushing back against what they see as regulatory barriers” holding back the promised liberalization of the…
Mild Weather This Week Keeps Pressure on Natural Gas Futures Early
Mild temperatures in the near-term and lingering balance concerns following a surprisingly bearish government inventory report last week helped send natural gas futures several cents lower in early trading Monday. The April Nymex contract was down 5.6 cents to $2.645/MMBtu at around 8:45 a.m. ET. The April contract closed out last week on a down…
COLUMN: Energy Security is About Diversification and Sound System Management
Editor’s Note: NGI’s Mexico Gas Price Index, a leader tracking Mexico natural gas market reform, is offering the following column by Eduardo Prud’homme as part of a regular series on understanding this process. Prud’homme was central to the development of Cenagas, the nation’s natural gas pipeline operator, an entity formed in 2015 as part of…
Natural Gas Futures Ease Lower as Traders Await Latest EIA Print
With no major changes to the weather outlook overnight, and with traders awaiting the latest government inventory data to get an updated read on balances, natural gas futures were trading slightly lower early Thursday. The April Nymex contract was off 2.5 cents to $2.791/MMBtu at around 8:45 a.m. ET. Predictions ahead of today’s Energy Information…
Tellurian Looking to Build Haynesville Arsenal in Advance of Driftwood FID
Tellurian Inc., which continues to work toward a final investment decision on its Driftwood liquefied natural gas (LNG) terminal proposed for Louisiana, plans to acquire additional assets in the Haynesville Shale this year. The company said in its year-end earnings report that it intends to “pursue potential acquisitions” of properties or companies that own Haynesville…
Vitol to Offer Carbon Offsets for LNG Cargoes
Global commodity trader Vitol said Monday it would begin offering customers “green” liquefied natural gas (LNG) cargoes, the latest in a series of announcements aimed at curbing emissions throughout the global gas market. Vitol said emissions related to the new product offering from the wellhead to delivery point would be managed with carbon offset certificates…
Sempra CEO Says ‘Goal’ to Help in Mexico’s Infrastructure Needs
California-based Sempra Energy continues to bet on Mexico even given regulatory changes that could impact the private sector’s operations in the country. “Our goal is to help Mexico be successful,” CEO Jeffrey Martin said in a fourth quarter earnings call. “They need more foreign direct investment. They have a deficit in their infrastructure.” The administration…