LNG

Appalachian Basin pure-play Antero Resources Corp. expects continued strengthening of natural gas basis pricing at locations with access to the global LNG market, management said Thursday. On a conference call to discuss third quarter earnings, Antero’s Justin Fowler, senior vice president of gas marketing and transportation, touted the company’s “unique ability to avoid the pitfalls…

Strong demand for natural gas, combined with soaring realizations, helped drive record breaking profits for ExxonMobil in the third quarter.  Natural gas realizations jumped 22% because of European supply concerns and efforts to build inventory ahead of winter. That more than offset decreasing crude realizations, which fell 12% on modest supply increases.  The “strong gas…

Golden Pass LNG remains on track to start production in 2024, when the first of three liquefaction trains is expected to start ramping up on the Texas coast.  The other trains are set to begin coming online at intervals about six months apart as commissioning continues, said Chief Commercial Officer Jeff Hammad on the sidelines…

Intercontinental Exchange Inc. (ICE) plans to offer two LNG futures contracts to Europe aimed at bridging the growing price divide between exports landing on the continent and natural gas transported through pipelines ICE could begin offering futures contracts for liquefied natural gas to Northwest and Southwest Europe on Dec. 5, pending regulatory approval, according to…

The world’s largest natural gas trader faced a challenging third quarter, whipped by up-and-down prices related to Russia’s invasion of Ukraine, however, the integrated major overcame issues to post its second highest ever quarterly results. “We are delivering robust results at a time of ongoing volatility in global energy markets,” CEO Ben van Beurden said…

China National Offshore Oil Corp. (CNOOC) has made a large offshore natural gas discovery in the South China Sea as it continues to work toward adding oil and gas reserves. Proven gas in-place of the Baodao 21-1 field has “successfully passed the Chinese governmental review and filing,” the firm said. CNOOC says the field holds…

Heading into a potentially volatile session featuring the release of updated government inventory data and the front month contract expiration, natural gas futures were trading slightly lower early Thursday. The expiring November Nymex contract was unchanged at $5.606/MMBtu at around 8:45 a.m. ET, while the December contract was off 2.8 cents to $6.091. Surveys ahead…

While Woodside Energy Group Ltd. is pushing ahead with multi-billion dollar natural gas development projects to secure the future of its Australian assets, it made moves in the third quarter to grow its exposure to European markets with help from some added U.S. LNG. The third quarter was Woodside’s first full earnings period since it…

If China buys more LNG on the spot market this winter it could have an impact on what’s available to European buyers over the next few months. “Since August, the Chinese [national oil companies] have been importing their contracted Russian volumes, while holding LNG imports relatively flat,” said Vortexa Ltd.’s Felix Booth, head of liquefied…