natural gas exports

Tellurian Lands Another LNG Supply Deal with Vitol

Tellurian Lands Another LNG Supply Deal with Vitol

Tellurian Inc. on Thursday said it has signed a sales and purchase agreement (SPA) with Vitol Inc. to supply 3 million metric tons/year (mmty) of liquefied natural gas (LNG) from its proposed Driftwood export terminal in Louisiana. The announcement came a week after Tellurian announced a similar deal with Gunvor Group Ltd., another leading global…

June 3, 2021
Sempra Looking to Add Second LNG Project on Mexico’s West Coast

Sempra Looking to Add Second LNG Project on Mexico’s West Coast

California’s Sempra Energy is looking to develop a second liquified natural gas (LNG) project in Mexico called Vista Pacifico at Topolobampo in Sinaloa state.  Sempra LNG regional vice president Brian Lloyd said last week the project would import natural gas from U.S. shale basins for re-export as LNG. Vista Pacifico would have an export capacity…

June 1, 2021
Tellurian Cuts SPA to Supply Gunvor in Potential Step Forward for Driftwood LNG

Tellurian Cuts SPA to Supply Gunvor in Potential Step Forward for Driftwood LNG

Tellurian Inc. said Thursday it has signed a deal to supply a subsidiary of global commodities trader Gunvor Group Ltd. with 3 million metric tons/year (mmty) of liquefied natural gas (LNG) from the proposed Driftwood LNG export terminal in Louisiana.  The announcement was a major step forward for the 27.6 mmty facility proposed near Lake…

May 27, 2021
U.S. Waiving Some Nord Stream Natural Gas Pipeline Sanctions, but Still Opposes European Project

U.S. Waiving Some Nord Stream Natural Gas Pipeline Sanctions, but Still Opposes European Project

The State Department this week waived fresh sanctions on the Nord Stream 2 AG (NS2) consortium that is building the natural gas pipeline from Russia to Europe as the Biden administration looks to strengthen relationships in the region. The 745-mile, 5.3 Bcf/d line as designed would traverse the Baltic Sea from Russia, to Greifswald, Germany.…

May 20, 2021
Vine Energy CEO Says Haynesville Primed for ‘Improving Natural Gas Fundamentals,’ Exports

Vine Energy CEO Says Haynesville Primed for ‘Improving Natural Gas Fundamentals,’ Exports

As U.S. natural gas demand improves, Vine Energy Inc. expects its production in Northwest Louisiana to increasingly be sourced for overseas exports, the company’s CEO said Monday. The Plano, TX-based independent in the spring of 2021 took the company public to secure more investor interest in its 227,000 net acre stronghold in the Haynesville and…

May 19, 2021
Port of Corpus Christi Unveils Plans for Green Hydrogen at Facilities

Port of Corpus Christi Unveils Plans for Green Hydrogen at Facilities

The Port of Corpus Christi, a leading U.S. oil and natural gas export hub, has unveiled plans to explore green hydrogen production at its facilities in South Texas. Under a memorandum of understanding (MOU), the Corpus Christi port is partnering with finance giant Ares Management Corp. to look into the potential for building the hydrogen…

May 18, 2021
Weather Models Trend Milder Over Weekend as Natural Gas Futures Slide Early

Weather Models Trend Milder Over Weekend as Natural Gas Futures Slide Early

Natural gas futures retreated in early trading Monday as forecasts over the weekend advertised milder conditions that would limit early season cooling demand. The June Nymex contract was down 2.3 cents to $2.935/MMBtu at around 8:45 a.m. ET. Changes in the weather data over the weekend pointed to lower overall demand for the next 15…

May 10, 2021
May Natural Gas Prices Rally as EIA’s 38 Bcf Storage Build Points to ‘Tight’ Balances

May Natural Gas Prices Rally as EIA’s 38 Bcf Storage Build Points to ‘Tight’ Balances

The Energy Information Administration (EIA) reported a smaller-than-expected 38 Bcf injection into natural gas storage facilities for the week ending April 16. With estimates ahead of the EIA report pointing to a build as large as 56 Bcf, Nymex futures traders harped on the news. The May Nymex contract was trading nearly flat day/day at…

April 22, 2021
Mild Temps, Weaker Fundamentals Seen Keeping Pressure on Natural Gas Futures

Mild Temps, Weaker Fundamentals Seen Keeping Pressure on Natural Gas Futures

Natural gas futures retreated in early trading Wednesday amid forecasts for mild temperatures and lower weather-driven demand starting next week. The May Nymex contract was down 3.3 cents to $2.694/MMBtu at around 8:45 a.m. ET. The latest 15-day forecast from Bespoke Weather Services remained essentially unchanged early Wednesday, albeit with a slight change in the…

April 21, 2021
NGI’s Hub & Flow Delves into the History and Future of North American Gas Market — Listen Now

NGI’s Hub & Flow Delves into the History and Future of North American Gas Market — Listen Now

Click here to listen to a new episode of NGI’s Hub & Flow podcast. NGI’s Christopher Lenton, senior editor for Mexico and Latin America, spoke to Mercuria Energy Co.’s Charles Blanchard in the latest episode. Blanchard, head of North American natural gas research, recently published an exhaustive study on the history of natural gas in…

April 19, 2021