United States

U.S. LNG Exports Hit Record High in March, with Strength Expected to Persist Through Summer

U.S. LNG Exports Hit Record High in March, with Strength Expected to Persist Through Summer

U.S. liquefied natural gas (LNG) exports hit a record high in March of 6.64 million tons (Mt), according to market research firm Kpler, capping a volatile winter in which brutally cold weather across the northern hemisphere both increased demand and disrupted operations.  Kpler said U.S. exports in March finished 2.26 Mt higher than February, when…

April 8, 2021
European Demand Driving U.S. LNG Exports — LNG Recap

European Demand Driving U.S. LNG Exports — LNG Recap

Feed gas deliveries to U.S. liquefied natural gas (LNG) export terminals have been near capacity, flowing at almost 12 Bcf each day over the last week. The European natural gas market is helping drive U.S. export demand. Prices on the continent closed higher last week. The Dutch Title Transfer Facility finished at $6.620/MMBtu and the…

April 5, 2021
No U.S. LNG Export FIDs Predicted in 2021, Says Wood Mackenzie

No U.S. LNG Export FIDs Predicted in 2021, Says Wood Mackenzie

No U.S. liquefied natural gas (LNG) projects are expected to be sanctioned this year, marking the second year in a row developers may postpone moving ahead with facilities, according to Wood Mackenzie. Consultants during a webcast last week said domestic final investment decisions (FID) were unlikely as sponsors struggle to secure long-term contracts “Generally, we’ve…

March 31, 2021
Low European Natural Gas Stocks ‘Good News’ for U.S. LNG Exporters

Low European Natural Gas Stocks ‘Good News’ for U.S. LNG Exporters

European Union (EU) natural gas storage inventories are trending below the 5-year average, setting the stage for a potential boost for U.S. exporters in the coming weeks and months. “Low EU gas stocks are good news for U.S. LNG exporters, notably as U.S. LNG netbacks are relatively high for both Asia and Europe, which should…

March 17, 2021
Project Canary Says U.S. LNG Terminals in Talks to Environmentally Certify Trains

Project Canary Says U.S. LNG Terminals in Talks to Environmentally Certify Trains

Project Canary, an environmental monitoring company, is in discussions with U.S. liquefied natural gas (LNG) terminal operators and buyers as demand has increased dramatically for cleaner energy across the globe.  The company is working with more than 20 U.S. upstream, midstream and downstream natural gas operators to measure hundreds of data points that certify the…

March 17, 2021
Asia Said No. 1 Destination in 2020 for U.S. LNG Exports

Asia Said No. 1 Destination in 2020 for U.S. LNG Exports

Asia dethroned Europe as the top destination for U.S. liquefied natural gas (LNG) cargoes last year, taking in almost half of all exports, according to the Energy Information Administration (EIA). U.S. exports to Asia increased 67% in 2020 compared with 2019, accounting for 3.1 Bcf/d, EIA said. Though Covid-19 brought global economies to a near…

March 15, 2021
Natural Gas Rig Count Unchanged in U.S. as Oil Patch Sees Small Decline

Natural Gas Rig Count Unchanged in U.S. as Oil Patch Sees Small Decline

The U.S. natural gas rig count remained unchanged at 92 for the week ending Friday (March 12), while a small decline in the oil patch sent the overall domestic tally slightly lower, according to updated data from oilfield services provider Baker Hughes Co. (BKR). Including a one-rig decline in oil-directed rigs, the overall U.S. rig…

March 12, 2021
LNG Loading Disrupted as Weather Continues to Upend U.S. Export Operations

LNG Loading Disrupted as Weather Continues to Upend U.S. Export Operations

U.S. liquefied natural gas (LNG) operations were again disrupted on Wednesday as wintry weather continued to grip the Gulf Coast, forcing traders to shuffle cargoes as American exports continued to decline. Power has been restored at Cameron LNG in Hackberry, LA, after a problem with the transmission grid knocked it offline Monday. But the terminal…

February 17, 2021
Bedlam in U.S. Energy Markets Sends LNG Feed Gas Deliveries Spiraling Downward — LNG Recap

Bedlam in U.S. Energy Markets Sends LNG Feed Gas Deliveries Spiraling Downward — LNG Recap

U.S. liquefied natural gas (LNG) export terminals were struggling to bounce back Tuesday after feed gas deliveries in recent days plummeted to their lowest point since the fall amid a historic cold snap gripping much of the country that’s created unprecedented energy demand. Deliveries to the terminals via interstate pipelines fell to 5.45 Bcf Monday,…

February 16, 2021
Natural Gas Forwards Brush Off Ice, Snow Draping Lower 48; Higher Prices Still to Come

Natural Gas Forwards Brush Off Ice, Snow Draping Lower 48; Higher Prices Still to Come

Bitterly cold temperatures blanketed the Lower 48, and the deep freeze threatened to curb output throughout most of the country’s production basins. Long-held storage surpluses have quickly eroded and export demand continues to fire on all cylinders. It was, by all considerations, the perfect storm to send natural gas futures rocketing sharply higher. And yet,…

February 12, 2021
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