LNG

Natural gas futures prices rebounded on Wednesday as weather forecasts once again hinted at colder temperatures and a major export facility affirmed its intention to relaunch this month, offsetting expectations for a stout government inventory report. At A Glance: Weather outlook shifts colder Futures jump 55 cents day/day Solid storage injection projected The December Nymex…

New Fortress Energy Inc. (NFE) said it has finalized a series of LNG agreements with Mexican state electricity firm Comisión Federal de Electricidad (CFE). The companies are developing a floating liquefied natural gas (FLNG) export hub off the coast Altamira en Tamaulipas state. NFE has committed to deploy multiple FLNG units with regasification capacity of…

Nord Stream AG disclosed Wednesday it has discovered craters 10-16 feet deep along Line 1 of its natural gas pipeline system previously used to transport Russian supplies to Europe

Williams’ long-term natural gas focus continues to bring in the returns, according to CEO Alan Armstrong, who said strong quarterly results were attributable to the company sticking to its strategy. Speaking on a 3Q2022 conference call, Armstrong said the midstream giant’s adjusted earnings before interest, tax, depreciation and amortization (EBITDA) was up 15% compared to…

Freeport LNG Development LP is still planning to meet its previous guidance of a partial restart of its liquefaction facility later this month, according to representatives with the company, while regulators await final documentation. The 2.38 Bcf/d liquefied natural gas export terminal on the upper Texas coast has been offline since a June explosion attributed…

Southwestern Energy Co. said Friday that it was reinforcing its long term flow assurance to U.S. LNG facilities by adding 500 MMcf/d of new firm transportation starting in 2024. The transport to the Gulf Coast liquefied natural gas corridor would be on Momentum Midstream LLC’s 1.7 Bcf/d New Generation Gas Gathering system and DT Midstream…

Following a volatile start to the week, natural gas futures were rallying early Wednesday as weather models continued to tease a turn toward chillier temperatures later this month. The December Nymex contract was up 34.4 cents to $6.058/MMBtu at around 8:45 a.m. ET. Prices have whipsawed this week as the market has tried to get…

Natural gas futures failed to sustain momentum Tuesday as fresh signs of benign weather and weak demand overshadowed a drop in production. Following a 67.1-cent gain to start the week, the December Nymex gas futures contract on Tuesday settled at $5.714/MMBtu, down 64.1 cents day/day. January fell 52.7 cents to $6.080. NGI’s Spot Gas National…

BP plc is forecasting continued high prices and volatility in the natural gas market through year-end, following an “exceptional” third quarter for its gas marketing and trading business, management said Tuesday. Breaking down the supermajor’s quarterly results on a conference call, CFO Murray Auchincloss said that reduced Russian pipeline imports to Europe “led to sharp…