natural gas exports

Venture Global Finalizes Deal to Supply Poland with More LNG

Venture Global Finalizes Deal to Supply Poland with More LNG

Liquefied natural gas (LNG) developer Venture Global LNG Inc. said Thursday it had finalized a deal that would make it the top U.S. supplier of the super-chilled fuel to Poland. A sale and purchase agreement (SPA) signed Thursday in Warsaw calls for Polish Oil and Gas Co. (PGNiG) to buy 2 million metric tons/year (mmty)…

September 2, 2021
Natural Gas Futures Prices Surge as Ida Shuts in Gulf Coast Production

Natural Gas Futures Prices Surge as Ida Shuts in Gulf Coast Production

Natural gas futures reached for the stars Friday, exploding higher for a second day as Hurricane Ida appeared to be steering clear of liquefied natural gas (LNG) export facilities as she churned toward the Gulf Coast. The Nymex September contract rolled off the board at $4.370, up 18.6 cents day/day and up 47.3 cents over…

August 27, 2021
Natural Gas Futures Hover Near Even Amid Production Declines, Tropical Weather Risks

Natural Gas Futures Hover Near Even Amid Production Declines, Tropical Weather Risks

Despite day/day production declines, natural gas futures were virtually unchanged early Wednesday as analysts highlighted risks to exports in the latest tropical weather outlook. After trading lower earlier in the morning, the September Nymex contract was up 0.3 cents to $3.919/MMBtu as of around 8:50 a.m. ET. The tropical weather outlook suggests risks to liquefied…

August 25, 2021
Pandemic’s Buoyancy Raises New Concerns About U.S. Natural Gas, Oil Demand

Pandemic’s Buoyancy Raises New Concerns About U.S. Natural Gas, Oil Demand

The economic impact of the Covid-19 Delta variant already threatens demand for oil and could dampen consumption of U.S. natural gas, particularly exports to Asia, if new restrictions imposed to slow the virus’ spread in China drag deep into 2021. In the United States, overall case totals and hospitalizations remain lower than the highs reached…

August 23, 2021
Natural Gas Futures Recover Most Early Losses Despite Loose Storage Data

Natural Gas Futures Recover Most Early Losses Despite Loose Storage Data

Choppy trading continued along the Nymex natural gas futures curve on Thursday, with steep losses accrued early in the session amid a broader decline in equities and commodity markets. The September contract managed to bounce later in the day, though, as traders mostly turned a blind eye to hugely bearish storage data. The prompt month…

August 20, 2021
AMLO Touts Isthmus Natural Gas Pipeline as U.S. Imports Swell

AMLO Touts Isthmus Natural Gas Pipeline as U.S. Imports Swell

Mexico President Andrés Manuel López Obrador said a natural gas pipeline connecting the Atlantic and Pacific coasts is set to go ahead. The 320 MMcf/d Jaltipán-Salina Cruz pipeline would cross the Isthmus of Tehuantepec, the narrowest strip of land in Mexico, between the two coasts. “A gas pipeline in the isthmus is planned to transport…

August 17, 2021
Natural Gas Demand to Surpass 2019 Levels by Year’s End, Says BP Chief

Natural Gas Demand to Surpass 2019 Levels by Year’s End, Says BP Chief

Global natural gas demand is forecast to recover and eclipse 2019 levels by the end this year, with liquefied natural gas (LNG) consumption set to climb in Asia, according to BP plc. The London-based integrated energy major delivered its second quarter results on Tuesday, offering a robust outlook for natural gas and oil, even as…

August 3, 2021
U.S. Remained Top North American Natural Gas Trader in 1Q, Says DOE

U.S. Remained Top North American Natural Gas Trader in 1Q, Says DOE

International natural gas prices leaped in the first three months of this year as economic shocks inflicted by the early 2020 onset of Covid-19 wore off, according to the Department of Energy (DOE). The United States kept its stature as the top North American gas trader, almost doubling former champion Canada’s volume. Total U.S. exports…

August 3, 2021
September Natural Gas Futures Flounder Despite Bullish Setup for Balance of Summer; Spot Prices Sag

September Natural Gas Futures Flounder Despite Bullish Setup for Balance of Summer; Spot Prices Sag

Natural gas futures faltered on Friday as traders took profits and markets focused on a near-term shift in weather that is expected to usher in a reprieve from the oppressive heat that has defined the summer to date over much of the Lower 48.   The September Nymex contract dropped 14.5 cents day/day and settled at…

July 30, 2021
As Prompt-Month Henry Hub Surpasses $4, North American Gas Buyers Say Price Surge a Mixed Bag

As Prompt-Month Henry Hub Surpasses $4, North American Gas Buyers Say Price Surge a Mixed Bag

Changes in regional and global natural gas pricing, along with the transition to low-carbon energy, are creating challenges and opportunities for large natural gas buyers in North America, a panel of experts agreed Wednesday (July 21). The discussion at the LDC Gas Forums-Northeast event in Boston came a day before prompt-month Henry Hub prices surpassed…

July 23, 2021