LNG

Mexico has been importing record volumes of natural gas from the United States this summer, with most signs pointing to continued growth over the coming years, according to a panel of experts. Sectors including power generation, heavy industry and LNG exports all are poised to drive increased demand for gas in Mexico as new infrastructure…

Antero Resources Corp. management is “positive on the natural gas market” as future LNG demand could “provide support,” CEO Paul Rady said Thursday.  During the second quarter conference call to discuss results, Rady said the independent is preparing for a build out of more Gulf Coast liquefied natural gas facilities.  Antero sells its Appalachian gas…

As traders weighed a mix of fundamental factors ahead of the looming front month contract expiration, natural gas futures retreated early Wednesday.  The August Nymex contract was off 2.9 cents to $2.701/MMBtu at around 8:30 a.m. ET. September was down 2.9 cents to $2.718. Front month declines early Wednesday occurred as “near-term weather forecasts appear…

Kinder Morgan Inc. (KMI) is forecasting U.S. natural gas demand to grow by about 20 Bcf/d or 20% between 2023 and 2028 to roughly 121 Bcf/d, Executive Chairman Rich Kinder said Wednesday (July 19). “We expect 13.5 Bcf/d of that growth to come from LNG and Mexico exports, with moderate growth in the power, residential…

U.S. LNG exports could reach 13.3 Bcf/d next year as developers prepare to launch the initial phases for two large-scale projects on the Gulf Coast, according to the Energy Information Administration (EIA). As the supply of liquefied natural gas took a global spotlight last during after Russia’s invasion of Ukraine, U.S. export projects also garnered…

The Louisiana Department of Environmental Quality (DEQ) has ordered Venture Global LNG Inc. to better comply with its air permits and state regulations after a series of unauthorized emissions occurred at its Calcasieu Pass export terminal last year. The company could face steep fines following a compliance order and notice of potential penalty DEQ issued…

The United States is likely to become the world’s largest LNG exporter this year, according to the International Group of Liquefied Natural Gas Importers (GIIGNL). The United States added 8.4 million tons (Mt) of new volumes to global supply last year, or nearly one-half the 16.9 Mt added by other LNG producers across the world,…

More U.S. LNG cargoes are taking longer and costlier routes to reach consumers in Asia as a drought impacting levels at the Panama Canal has increased wait times to transit the waterway. “The Panama Canal remains a primary route for U.S. LNG to access Asian markets, though an increased volume of trade is utilizing other…

Argentina’s natural gas pipeline offering additional takeaway capacity from the Vaca Muerta shale formation went into service earlier this month. The Gasoducto Presidente Néstor Kirchner pipeline was built in 10 months, “record time,” the Energy Secretariat said. Capacity on the pipeline is 25 Mm3/d. The line stretches from the town of Tratayén in Neuquén province…