LNG

Mexico boasts more attractive economics, and in some ways, a more attractive regulatory climate for liquefied natural gas (LNG) export projects than the U.S. Gulf Coast, according to Mexico Pacific Limited LLC’s (MPL) Sarah Bairstow, chief commercial officer. MPL is developing an LNG liquefaction project on Mexico’s Pacific coast in Puerto Libertad, Sonora state, which…

A “pronounced shift” to renewables, combined with a shift to electricity and hydrogen, led BP plc to reduce its annual forecast for global natural gas as a primary energy source. The annual Energy Outlook was introduced on Monday by chief economist Spencer Dale during a webcast. The economics team led by Spencer Dale used Rapid,…

Forecasts pointed to moderate temperatures for the second half of September, likely minimizing cooling demand A cloud of uncertainty is hanging over gas export prospects The prompt month is down more than 40 cents from the high reached in late August Natural gas futures traded lower on Friday amid concerns about lofty inventory levels and…

Natural gas futures were up sharply in early trading Monday as forecasters were tracking a veritable scatterplot of named tropical storms in the Atlantic, including one that had forced production shut-ins in the Gulf of Mexico (GOM).  Meanwhile, estimates of daily liquefied natural gas (LNG) feed gas volumes rose over the weekend, outperforming analyst expectations…

Natural gas futures dropped lower Thursday after the latest government report on gas stockpiles showed that storage is filling quickly as cooler fall temperatures sweep over swaths of the Lower 48. The October Nymex contract settled at $2.323/MMBtu, down 8.3 cents day/day. November fell 7.5 cents to $2.798. NGI’s Spot Gas National Avg. fell 15.5…

The U.S. Energy Information Administration (EIA) on Thursday reported an injection of 70 Bcf natural gas storage for the week ending Sept. 4, aligning with forecasts and easing early pressure on Nymex natural gas futures. Ahead of the report, a Bloomberg survey found estimates ranging from 60 Bcf to 73 Bcf, with a median of…

BREAKING: U.S. EIA reports a 70 Bcf injection into storage inventories for the week ended Sept. 4 October natural gas futures clawed out a modest gain as markets mulled positive export data against the prospects of cooler weather Fall containment concerns kept prices in check Spot prices declined amid chillier temperatures across the Rocky Mountains…

The Canadian government vowed Wednesday to attempt to salvage a mothballed C$2.2 billion ($1.6 billion) oil project offshore Newfoundland that the coronavirus pandemic threatens to sink. Rescue talks are underway, said Natural Resources Minister Seamus O’Regan, after Husky Energy Inc. teamed up with business and labor supporters to broadcast a group call for help for…

U.S. liquefied natural gas levels improved, but production also increased Cool temperatures across much of the central United States could dampen demand Record-setting heat in the West forced planned power outages in California Natural gas futures gave up ground on Tuesday as markets weighed a mixed weather outlook and new data pointing to both increased…