natural gas exports

FortisBC Holdings Inc. has reached an agreement with the Snuneymuxw First Nation community “to work in close collaboration” on planned expansions of the Tilbury LNG facility in Delta, British Columbia (BC). In operation since 1971, the liquefied natural gas facility added 0.25 mmty (33 MMcf/d) of liquefaction capacity and a 46,000 cubic meter (1 Bcf)…

Mexico’s demand for Texan natural gas is set to rise as new infrastructure projects come to fruition. Along with plans in Mexico to build up to 5 Bcf/d of liquefied natural gas export capacity, state utility Comisión Federal de Electricidad (CFE) also is developing over 7 GW of natural gas-fired power generation by 2025. These…

Natural gas futures stabilized on Tuesday, supported by a cold front, eased production and strength in cash markets. Coming off a 17.2-cent drop in its debut as the front month a day earlier, the March Nymex gas futures contract on Tuesday settled at $2.684/MMBtu, up seven-tenths of a cent day/day. April rose 1.0 cent to…

Fresh off another record quarter, the Port of Corpus Christi in South Texas solidified a banner year in which tonnage reached new heights as demand soared for refined products and crude oil, along with LNG exports. The port achieved a new annual tonnage record of 187.9 million tons – a 12% increase over 2021 volumes,…

Natural gas futures traded in a narrow range much of Friday, ultimately culminating another sluggish week with a loss amid mild weather and elevated production levels. The February Nymex gas futures contract settled at $3.174/MMBtu, down 10.1 cents day/day. March lost 8.8 cents to $3.036. At A Glance: Prompt month sheds 10 cents Heating demand…

February natural gas futures fell a second consecutive day after an anemic storage print – and expectations for more ahead – punctuated supply/demand imbalance concerns and weighed on prices. The February Nymex contract declined 3.6 cents day/day and settled at $3.275/MMBtu. Gas for delivery in March eked out a 1.3-cent gain to $3.124. NGI’s Spot…

North American natural gas prices continued to be pressured lower toward the $3.00/MMBtu mark this week as U.S. production remained strong amid warmer than usual temperatures. On Thursday, the February New York Mercantile Exchange contract declined 3.6 cents day/day and settled at $3.275/MMBtu. Gas for delivery in March managed a 1.3-cent gain to $3.124. Mexico…

Nearly a year after receiving federal approval, Kinder Morgan Inc. has sanctioned the 2 Bcf/d Evangeline Pass pipeline project that would feed Venture Global LNG Inc.’s Plaquemines LNG export facility. In a call with investors on Wednesday to discuss 3Q2022 earnings, CEO Steven Kean said Kinder is moving forward with the $678 million Evangeline Pass…

Bolivian gas was once the beating heart of South America’s natural gas production, with powerhouse neighbors Argentina and Brazil relying on the landlocked country’s pipeline shipments to keep the lights on. But this is seen coming to an end. Bolivian gas production will decline more rapidly than expected, falling from 1.4 Bcf/d in 2022 to…