The U.S. Department of Energy (DOE) will not reconsider its decision denying an Energy Transfer LP (ET) affiliate’s request to again extend the deadline to begin exports from the proposed Lake Charles LNG facility in Louisiana. In a 48-page order, DOE denied a request for rehearing filed in May, in which ET claimed the agency’s…
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U.S. Officials Call Alaska LNG ‘Critical Piece’ in Japan, Korea Alliance
U.S. officials are continuing to pitch the Alaska LNG project as a key part of the country’s partnership with allies in Asia. U.S. Senator Dan Sullivan (R-Alaska) earlier in the month met with government officials and private firms in Japan and Korea to discuss collaboration between the countries, specifically around energy security. Like several other…
Mexico’s CFEi Top Net Purchaser of U.S. Natural Gas in 2022, Says FERC
Mexico’s CFE International LLC (CFEi) was the largest net purchaser of U.S. natural gas in 2022, according to data from the U.S. Federal Energy Regulatory Commission, aka FERC. CFEi is an affiliate of Mexican state power company Comisión Federal de Electricidad (CFE), the country’s largest importer and marketer of natural gas. CFEi’s net gas purchases…
Technical Resistance Props Up Natural Gas Futures, but Plump Supplies, Benign Weather Endure
Supported by bargain buying and technical factors, natural gas futures crept into positive territory Friday and held there for the first time in an otherwise bruising week. The July Nymex gas futures contract gained 1.4 cents day/day and settled at $2.172/MMBtu. August rose 2.6 cents to $2.299. At A Glance: Near-term demand remains weak Probable…
Alaska LNG Project Said Supportive of State’s Sustainability Goals
Alaska’s recently launched state-funded Sustainability Report backs the planned 2.6 Bcf/d Alaska LNG project. “Alaskans know that we’ve been doing resource development better than anyone since statehood by following our Constitutional mandates to develop our resources for the maximum benefit of our people, adhere to the sustained yield principle, and to safeguard the public interest,”…
Natural Gas Futures Rally Again, but Fail to Maintain Momentum Late; Spot Prices Push Ahead
Natural gas futures advanced most of Friday, spurred higher by supply interruptions and the potential for a sustained production pullback. But the prompt month gave up gains late and finished flat as traders paused to digest the latest rig count data. At A Glance: Storage miss motivates bulls Production remains wildcard Weather demand on hiatus…
Alaska LNG Decision Upheld as Decade-Old Project Clears Legal Hurdle
A federal appeals court has upheld FERC’s approval of the Alaska LNG project, denying a new challenge from environmental groups that sought to halt the 2.6 Bcf/d facility’s advance. On Tuesday, the U.S. Court of Appeals for the District of Columbia Circuit (DC Circuit) “denied in part and dismissed in part” an appeal from the…
LNG Shipments Continued to Outpace Other U.S. Natural Gas Exports in 2022
U.S. LNG exports continued to grow at a faster pace than pipeline deliveries into the country from Canada, which once dominated cross-border traffic in North America. Liquefied natural gas shipments rose 8.5% to 10.6 Bcf/d last year, up from 9.7 Bcf/d in 2021, according to the U.S. Department of Energy. The top four LNG destinations…
New Fortress Energy, CFE Eyeing Onshore LNG Export Capacity in Mexico as Offshore Unit Nears Completion
As New Fortress Energy Inc. targets deploying its first Fast LNG unit in the waters offshore Mexico’s eastern coast by June, it’s unveiled new plans to move the successive phases of Altamira LNG to land. For the past several years, the liquefied natural gas vessel firm has been working to become a fuel supplier through…
Natural Gas Futures Find Reprieve, Escape Weeklong Losing Streak; Cash Prices Cascade
Natural gas futures found their footing on Friday, ending a four-day losing streak that was fueled by a litany of bearish fundamentals. The June Nymex gas futures contract gained 3.6 cents day/day and settled at $2.137/MMBtu. July rose 2.4 cents to $2.321. At A Glance: Technical resistance enters mix Supply/demand favors bears Stout storage surplus…