LNG

Liquefied natural gas (LNG) buyers could start rejecting U.S. cargoes next year as the global gas market is all but certainly to remain oversupplied even if this coming winter is colder than normal, a team of Poten & Partners analysts said Monday.

The U.S. Court of Appeals for the District of Columbia has handed opponents of the Nexus Gas Transmission system a partial victory in a key decision directing FERC to reconsider its approval for the pipeline that could have implications for infrastructure serving liquified natural gas (LNG) export facilities.

Russia’s largest independent natural gas producer Novatek said subsidiary Arctic LNG-1 plans to conduct a geological survey, which if it leads to exploration could create more supply to expand liquefied natural gas (LNG) exports.

Liquefied natural gas (LNG) buyers beginning in October will be able to purchase physical volumes of the super-chilled fuel through CME Group’s new LNG futures contract, the company said Wednesday.

A northern Pacific coast tribe has teamed up with a marine services firm to win a C$500 million ($375 million) tugboat contract for Canada’s first liquefied natural gas (LNG) export terminal in British Columbia (BC).

A record backlog of contract awards bodes well for McDermott International Inc. going forward, but the Houston-based operator faced substantial headwinds during the second quarter from delays at two major Gulf Coast natural gas export facilities, as well as issues with Mexico’s state-owned producer.

New Fortress Energy LLC is said to be holding meetings with the Philippine Department of Energy (DOE) about possibly investing in an onshore liquefied natural gas (LNG) import terminal to be integrated with a gas-fired power plant.

After two years of trial shipments, British Columbia-based utility FortisBC has secured a modest overseas market toehold as a pioneer natural gas contract supplier for a Chinese trader.

Federal regulators, unsatisfied with Cheniere Energy Inc.’s progress in completing a list of corrective measures following the mandated shutdown of two liquefied natural gas (LNG) storage tanks in early 2018, told the leading U.S. exporter that neither tank would be allowed to return to service until the previously agreed upon actions were completed.