LNG

The domestic and global outlook for natural gas remains relatively bright under a Joseph R. Biden Jr.  presidency, despite increasingly negative sentiment toward fossil fuels, according to experts. Although the president-elect is calling for a carbon-free power sector by 2030, gas-fired generation is needed to accommodate growing penetration of intermittent wind and solar energy in…

As if Wednesday’s 10-cent decline wasn’t enough, another warmer shift in the latest weather models sent January natural gas futures into a freefall early Thursday. A huge bearish miss on the latest storage data hammered the final nail in the coffin, with the January Nymex contract settling the day 27.3 cents lower at $2.507. February…

Sempra Energy on Wednesday unveiled a plan to unify its U.S. and Mexico subsidiaries that own liquefied natural gas (LNG) assets. The move to combine Sempra LNG and Mexican firm Infraestructura Energética Nova (IEnova) comes after the San Diego-based operator last month funded construction of the $2 billion Energia Costa Azul (ECA) LNG export terminal,…

Natural gas futures slipped a little, and then a lot, midweek as the generally warm outlook through the middle of December remained intact. The January Nymex contract settled Wednesday at $2.780, down 10.0 cents from Tuesday’s close. February fell 9.0 cents to $2.778. Spot gas prices were mixed Wednesday, with some cold lingering in parts…

Energy projects fueled by natural gas dominate Mexico’s second public-private infrastructure plan announced by government and business leaders on Monday.  Worth a total of 228 billion pesos, or around $11 billion, the second package includes 29 projects in energy, telecommunications, roads and water. It is part of a broader infrastructure plan aimed at jumpstarting the…

Natural gas futures were trading slightly higher early Tuesday as forecasters continued to point to a potential shift toward colder temperatures around the middle of the month. The January Nymex contract was up 1.1 cents to $2.893/MMBtu at around 8:45 a.m. ET. The European weather model trended milder overnight by showing less cold moving into…

With forecasts hinting at the potential for colder temperatures to move into the United States around the middle of December, natural gas futures rebounded in early trading Monday. After tumbling 11.8 cents in Black Friday trading, the January Nymex contract was up 8.3 cents to $2.926/MMBtu at around 8:45 a.m. ET. Weather models have been…

Natural gas futures rallied a third consecutive day in the short holiday week, as markets digested a storage decrease and hints of stronger demand before the December contract rolled off the board as the prompt month at the close of trading Wednesday. The December Nymex contract jumped 12.1 cents day/day to settle at $2.896/MMBtu. January…

Not for the first time, private sector energy leaders are holding high-level talks with senior officials of the current Mexican government in an effort to boost investment in oil, gas and power. This comes after Mexico’s government announced five energy projects worth $5 billion as part of a new public-private infrastructure plan. Four of the…