LNG

San Diego-based Sempra Energy has reached a final investment decision (FID) for the development, construction and operation of a natural gas liquefaction plant in Mexico’s Baja California. Energía Costa Azul (ECA) is a liquefied natural gas (LNG) joint venture between subsidiaries Sempra LNG and Infraestructura Energética Nova (IEnova). It is the first LNG export project…

Roughly a year after CME Group launched its U.S. liquefied natural gas (LNG) futures contract, the first ever available in the world for physical LNG delivery, it has yet to trade as the spot market continues to evolve and global players have long been slow to adopt new financial tools in their deals.  Developing a…

Politics are preventing Mexico from taking full advantage of natural gas as a means to develop its economy, according to local experts. Pipeline imports of the molecule from the United States have risen steadily as new pipelines commissioned by state power company Comisión Federal de Electricidad (CFE) have entered service and Mexican gas production has…

Natural gas futures traded sharply lower early Monday as the latest forecasts lowered weather-driven demand expectations and signaled that mild weather could stretch into early December. The December Nymex contract was off 15.1 cents to $2.844/MMBtu at around 8:40 a.m. ET. Weather data was “decidedly” bearish trending over the weekend, with forecast demand dropping compared…

Cold air boosted near-term demand, but outlook cloudy LNG feed gas volumes continued to improve Spot prices advances a fourth straight day Natural gas futures traded in a narrow range of gains and losses throughout most of Thursday’s session, as traders awaited more clarity on weather and storage levels. The December Nymex contract ultimately dipped…

Natural gas futures traded in a narrow range of gains and losses throughout most of Thursday’s session, as traders awaited more clarity on weather and storage levels. The December Nymex contract ultimately dipped lower late in the session and shed 5.5 cents day/day to settle at $2.976/MMBtu on Thursday. January fell 5.7 cents to $3.094.…

After a years-long period of relatively low volatility, Henry Hub natural gas prices are expected to see more “peaks and valleys” ahead on growing export demand and a lack of infrastructure development, according to RBN Energy LLC President David Braziel. On Monday, the first day of the 2020 LDC Natural Gas Forum in San Antonio,…

Expectations for near-record warmth in November overshadowed the dose of certainty injected with a presidential election result over the weekend and news of a key milestone in the search for a coronavirus vaccine, sending natural gas futures lower on Monday. The decline marked a sixth straight day of losses. The December Nymex contract fell 2.9…

Natural gas utilities can help lead the transition to a carbonless energy future in the United States, Sempra Energy CEO Jeffrey Martin said last week.  California, where two of Sempra’s three major U.S. utilities operate, has a regulatory proceeding to develop a strategy for a phased approach to developing a multi-decade strategy for gas. Martin…