LNG

BP plc CFO Murray Auchincloss told Reuters Tuesday that Freeport LNG Development LP told the company it expects to restart cargo deliveries at its export terminal on the Upper Texas Coast this month.

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…

With the market watching forecasts closely for signs of winter heating demand, milder trends in the latest model runs saw natural gas futures reverse lower in early trading Tuesday.  Coming off a 67.1-cent rally in the previous session, the December Nymex contract was off 27.0 cents to $6.085/MMBtu at around 8:50 a.m. ET. January was…

ConocoPhillips has been selected as a partner in QatarEnergy’s North Field South (NFS) LNG expansion project with a 6.25% stake awarded to one of the world’s largest independents. ConocoPhillips is the third company to sign on to the two-train, 16 million metric ton/year (mmty) capacity liquefied natural gas project planned from Qatar’s prolific North Field.…

TotalEnergies SE reported a 10% sequential decline in second quarter LNG sales, but stronger prices for the super-chilled fuel helped the company cruise to a record profit. The sales decline was mainly due to the outage at the Freeport liquefied natural gas terminal on the Upper Texas coast, where TotalEnergies has long-term offtake agreements in…

Natural gas prices in Europe and Asia have leveled off amid warmer weather and strong storage stocks in both regions.  In Europe, where inventories are at 94% of capacity, temperatures are expected to remain mild next week, according to Maxar’s Weather Desk.  Above normal temperatures are expected in big gas consuming regions like France, Germany…

Santos Ltd. management said strong domestic natural gas demand and persisting high global LNG prices helped the company continue breaking performance records in the third quarter as it navigated progress and potential setbacks for its major projects. Like other integrated Australian producers, Santos has had to straddle the line between heightened global demand for liquefied…

A glimpse of mid-November cold in updated forecasts, offering a potential momentum shift for a natural gas futures market weighed down by bearish weather sentiment, sparked a sharp rally in early trading Monday. The December Nymex contract was up 61.0 cents to $6.294/MMBtu at around 8:55 a.m. ET. The latest forecast from Maxar’s Weather Desk…

Asian spot LNG prices surpassed the ICIS TTF benchmark this week for the first time since late June on rising demand in Asia and high stock levels in Europe.