LNG

Bearish indicators are not in short supply for the natural gas market, but forward prices staged a meaningful comeback during the May 14-20 period, according to NGI’s Forward Look.

Kinder Morgan Inc. is bringing production units back online at its Elba Island liquefied natural gas (LNG) export facility in Georgia after a fire at the facility on May 11.

FERC has authorized Alaska Gasline Development Corp.’s (AGDC) plans to liquefy and export natural gas produced on Alaska’s North Slope from a plant at Nikiski.

A second attempt is under way to fulfill environmental rules for a supply deal for the Goldboro liquefied natural gas export facility proposed for Canada’s east coast after the Alberta Energy Regulator (AER) rejected the first transaction plan.

Feed gas deliveries to U.S. export facilities remain at some of their lowest levels of the year after they fell below 6 Bcf/d early last week as the global gas glut has pushed prices lower and led to more cargo cancellations.

Kinder Morgan Inc. has confirmed that a fire broke out May 11 in a mixed refrigerant compressor at its Elba Island liquefied natural gas (LNG) facility in Georgia, forcing it to shut down three liquefaction units that remain offline.

U.S. liquefied natural gas (LNG) deliveries to China are steadily increasing following a preliminary agreement earlier this year to ease trade tensions, but the deal is now seen in jeopardy given the economic impacts of Covid-19 and the pandemic’s role in souring diplomatic relations between the countries.

Editor’s Note: The following segment is one in a series by NGI’s LNG Insight focused on exploring how the global liquefied natural gas (LNG) market works. The conversations in this series will also analyze news and the issues that matter most to the industry in North America and beyond.

Countries across the world are slowly starting to ease Covid-19 restrictions and reopen their economies, including demand centers in Europe and Asia, providing some optimism for liquefied natural gas (LNG).