Topic / LNG

Subscribe

LNG

Ovintiv Pursuing Natural Gas Price ‘Diversification,’ Citing Strong Market Fundamentals

Ovintiv Pursuing Natural Gas Price ‘Diversification,’ Citing Strong Market Fundamentals

Ovintiv Inc. is exploring options to increase the exposure of its multi-basin upstream portfolio to a dynamic global natural gas market, CEO Brendan McCracken said.  The Denver-based independent works in numerous onshore plays throughout North America, including in the Montney Shale, Anadarko Basin, Permian Basin, Bakken Shale and Uinta Basin. On a call to discuss…

May 16, 2022
Natural Gas Forwards Fall Despite Escalating Storage Worries; Wildfire Threatening California Markets

Natural Gas Forwards Fall Despite Escalating Storage Worries; Wildfire Threatening California Markets

Against a backdrop of persistently wild swings, natural gas forward prices came tumbling down during the trading period from May 5-11, according to NGI’s Forward Look. June fixed natural gas prices averaged $1.130 lower on the week, with both the balance of summer (June-October) and the upcoming winter (November-March) also dropping more than $1.00, Forward…

May 13, 2022
Industry Must Spearhead Benefits of Canadian Natural Gas Exports, New LNG Canada CEO Says

Industry Must Spearhead Benefits of Canadian Natural Gas Exports, New LNG Canada CEO Says

LNG Canada will have the lowest greenhouse gas (GHG) intensity of any operating liquefaction plant in the world, CEO Jason Klein said, telling an industry audience they must better promote the environmental benefits of Canadian natural gas exports to get more projects off the ground. Klein, a Shell plc executive who was tapped to replace…

May 13, 2022
LNG Prices Still Bearish on Limited European Delivery Slots

LNG Prices Still Bearish on Limited European Delivery Slots

LONDON (ICIS) – European and Asian prices continued to move in tandem to some extent, driven by new supply deals, tighter European supply and new Russian sanctions.

May 13, 2022
Venture Global Lands Another SPA for Plaquemines LNG, Edging Closer to FID

Venture Global Lands Another SPA for Plaquemines LNG, Edging Closer to FID

Venture Global LNG Inc. has netted another sales and purchase agreement (SPA) for its proposed Plaquemines liquefied natural gas (LNG) terminal with a major Asian buyer, pushing the project’s contracted offtake to the 80% mark. A 1 million metric ton/year (mmty) 20-year contract was announced Wednesday with a subsidiary of Malaysia’s state-owned Petroliam Nasional Berhad,…

May 13, 2022
Natural Gas Futures Advance Early as Analysts Mull Balances Following Latest Storage Print

Natural Gas Futures Advance Early as Analysts Mull Balances Following Latest Storage Print

As the market continued to mull the balance implications of the latest government inventory data in the context of broader supply adequacy concerns, natural gas futures advanced early Friday. The June Nymex contract was up 11.9 cents to $7.858/MMBtu at around 8:50 a.m. ET. The Energy Information Administration (EIA) on Thursday reported a 76 Bcf…

May 13, 2022
Coterra Energy Searching for Opportunities in ‘Crowded LNG Market’

Coterra Energy Searching for Opportunities in ‘Crowded LNG Market’

Coterra Energy Inc.’s CEO Thomas Jorden called for the government and investors to provide the proper signals in response to an energy crisis “unlike anything the world has seen in almost 50 years.” In order for the U.S exploration and production (E&P) sector to “respond with increased U.S. supply, we need well-thought-out regulation and policies…

May 12, 2022
Vessels Await Mid-May Start-Up of Equinor’s Hammerfest LNG

Vessels Await Mid-May Start-Up of Equinor’s Hammerfest LNG

Liquefied natural gas (LNG) vessels are already arriving at Equinor ASA’s Hammerfest LNG terminal in Norway in preparation for a mid-May restart after over a year of repairs, according to analysts. The Norwegian energy company recently confirmed the 4.3 million metric tons/year terminal was on track for start-up on May 17. The project, which chills…

May 12, 2022
Israel Seeking Export Route Via Egypt to Deliver LNG to Europe

Israel Seeking Export Route Via Egypt to Deliver LNG to Europe

The Israeli government is aiming to take advantage of increased global interest in liquefied natural gas (LNG) as Europe and Asia work to replace Russian fossil fuel imports.  “The European energy market is facing a substantial shortage following the Russia crisis,” Israel’s Energy Minister Karin Elharrar recently said. Chevron Corp. and Israel-based NewMed Energy see…

May 12, 2022
Canada ‘Missing the Boat’ on More LNG Export Opportunities, E&P Execs Warn

Canada ‘Missing the Boat’ on More LNG Export Opportunities, E&P Execs Warn

Canada’s energy industry and the regulators that oversee it need to get serious quickly if the country expects to be a player in the global natural gas market, a panel of exploration and production (E&P) executives said this week at a conference in Vancouver, British Columbia (BC).  Countries across the world are scrambling for additional…

May 11, 2022
‹ Previous 1 2 3 346