LNG

A proposed liquefied natural gas (LNG) export project touted by Mexico’s government is not logistically or economically feasible under current conditions, according to Gadex consultancy co-founder Eduardo Prud’homme. The government this month unveiled a long-awaited infrastructure plan with five projects listed under the energy category, including a 25.2 billion-peso ($1.18 billion) gas export terminal in…

Natural gas futures headed lower Tuesday as morning weather models shifted warmer. Production moved considerably higher as well, sending the November Nymex gas futures contract down 2.6 cents to $2.855. December slipped 2.4 cents to $3.247. Spot gas prices were mixed amid cooler weather in the central and eastern United States and continued heat out…

LNG production higher as hurricane, maintenance events end Weather outlooks turn chillier, also driving up demand Cash soars as supply still down following Delta With Gulf Coast liquefied natural gas (LNG) facilities unscathed by Hurricane Delta, export demand’s quick rebound combined with a chillier forecast to send natural gas futures sharply higher Monday. The November…

Amid the deep disruption and uncertainty caused by the Covid-19 pandemic, global energy demand is set to drop by 5% in 2020, with oil and gas investments falling by an estimated 18%, and the pain could linger into 2023 depending on whether the virus is controlled, according to the International Energy Agency (IEA). The global…

Further cooler trends in the latest weather data and steep production cuts because of Hurricane Delta combined to send natural gas futures prices screaming higher Friday. After surging to a $2.821 intraday high, the November Nymex gas futures contract capped off the week at $2.741, up 11.4 cents from Thursday’s close. December climbed a more…

Still hours away from landfall, Hurricane Delta made waves in the natural gas market Thursday, cutting into liquefied natural gas (LNG) demand that’s been sorely needed to prevent storage from toppling. However, supply also was heavily curtailed ahead of the storm, and long-range weather models trended colder. That helped nudge the November Nymex gas futures…

The U.S. Energy Information Administration (EIA) reported a 75 Bcf injection into natural gas storage inventories for the week ending Oct. 2, a figure that was exactly on target with NGI’s projection. Though on the higher end of the wide ranging estimates, price reaction was rather muted immediately after the data was released. In the…

Low-cost liquefied natural gas (LNG) is heralding new times for Central America, as the super-chilled fuel displaces costlier and dirtier oil-based products for power generation. Central America has been one of the big losers of the petroleum age, and the region faces huge trade deficits in oil, a leading electricity source for the region along…

Nymex natural gas futures slip as market monitors Hurricane Delta Changes in supply/demand balances expected before and after storm Cash rally continues, but gains not as stout as Monday The fundamentals were in place for natural gas futures to continue climbing on Tuesday, but the threat of a hurricane striking the Gulf Coast (again) later…