Pacific

Sempra is betting that continued global energy volatility and geopolitical tensions will strengthen North America’s key natural gas markets, supporting its investments in LNG exports and Mexico. In the San Diego-based firm’s third quarter earnings call, CEO Jeff Martin said the series of global conflicts that have impacted global markets recently have accelerated a “trend…

Spot rates for LNG vessel charters are rising sooner than last year as natural gas buyers and sellers hone in on the winter supply scenario and global risks that still abound. Spot vessel rates for liquefied natural gas deliveries east of the Suez canal reached about $100,000/day Friday for the first time since January and…

European natural gas prices ticked up again on Monday despite healthy storage on the continent and an apparent lull in Asia, hinting at anxiety over falling LNG imports. Upward movement in European prices was previously expected to be limited for the rest of July after several key gas facilities in Norway wrapped up heavy maintenance…

With forecasts finally flashing more impressive heat over southern U.S. markets to strengthen the cooling demand outlook, natural gas forwards rallied during the June 1-7 trading period, NGI’s Forward Look data show. July fixed prices at benchmark Henry Hub added 6.1 cents during the period to finish at $2.328/MMBtu. Most Lower 48 hubs finished in…

Winter volatility saw Western natural gas forward hubs post huge gains during the Dec. 15-21 trading period, while expectations for a very mild start to 2023 drove deep discounts elsewhere in the Lower 48, NGI’s Forward Look data show. With intense Arctic cold diving from the Northwest into the heart of the Lower 48, spot…

The native-led Ksi Lisims LNG project has cleared an initial regulatory hurdle by obtaining a 40-year natural gas export license for its planned terminal near Prince Rupert on the northern Pacific coast of British Columbia (BC). The Canada Energy Regulator (CER) granted the approval for overseas sales of up to 2 Bcf/d to the Ksi…

Mexico President Andrés Manuel López Obrador said during his daily press conference on Tuesday that an LNG terminal could potentially be built in the port of Coatzacoalcos in southern Veracruz to export natural gas to Europe. It’s not the first time López Obrador has talked about shipping gas to Europe as the continent reels from…

FERC on Thursday authorized the Jordan Cove liquefied natural gas (LNG) project after weeks of delay, leaving sponsors to untangle remaining state-level roadblocks in Oregon.

The British Columbia’s (BC) left-leaning, avowedly green government Tuesday unveiled its weapon — more official study — for blocking an expansion of Kinder Morgan Canada Ltd.’s (KML) Pacific coast export pipeline expansion for the Alberta oilsands.