natural gas exports

The Port of Corpus Christi in South Texas, one of the largest natural gas and oil export regions on the Gulf Coast, has secured $157.3 million in federal funds to advance the final phase of a multi-year improvement project. Under the Consolidated Appropriations Act of 2023 recently approved by Congress, the Port received project closeout…

Asia-based LNG buyers announced a trio of offtake agreements to start the post-Christmas week, reflecting intense competition for natural gas molecules in a tightly supplied global market.  Venture Global LNG Inc. said Monday it has secured a long-term deal to supply liquefied natural gas to a Singapore-based subsidiary of Japan’s Inpex Corp. from Venture’s planned…

BP plc’s production contract in Indonesia’s most prolific gas fields, collectively called the Tangguh block, has been extended to 2050, paving the way for further development as the firm works to boost its LNG production from the region. A 20-year extension for BP and its partners in the Tangguh was approved by the government of…

The U.S. Department of Energy (DOE) has granted Sempra Infrastructure’s request for two LNG export permits for terminal projects planned to provide a swift channel for U.S. natural gas to Asia from the Mexican Pacific Coast. Published by the DOE Tuesday, the orders expanded non-Free Trade Agreement (FTA) export volumes for Sempra’s Energia Costa Azul…

Natural gas futures floundered on Friday amid hints in weather models that Arctic cold blasts, while intense, may not endure as long as earlier forecasts suggested. The January Nymex natural gas contract shed 37.0 cents day/day and settled at $6.600/MMBtu. February futures fell 28.6 cents to $6.303. At A Glance: Weather outlook mixed Production under…

Against a backdrop of mostly mild weather across the Lower 48, winter unleashed its fury on the West Coast a bit early this season. The frigid temperatures and unusually heavy precipitation have fueled natural gas demand at a time when storage inventories are low, a drought has reduced hydro-electric power supplies and regional utilities are…

Baker Hughes Co. and Technip Energies have set the groundwork to develop next-generation modular LNG systems to bring plug-and-play facilities online more quickly. The memorandum of understanding would allow the two global giants to jointly work on modular solutions for up to 2 million metric tons/year (mmty) of liquefied natural gas.  The modules would complement…

Natural gas crumbled for a third straight day as weather models continued to struggle in showing a return of colder weather later this month. News that a railroad strike was averted and that Freeport LNG further delayed its initial restart added bearish pressure to the market. At A Glance: Railroad strike averted Freeport restart delayed…

North American natural gas prices were kept in check by robust U.S. production this week. On Monday, the December New York Mercantile Exchange natural gas contract rolled off the board at $6.712/MMBtu. January as the front month has been up and down since. On Thursday, the January contract settled at $6.738, off 19.2 cents day/day.…