LNG

Liberty Energy Inc. CEO Chris Wright made no bones about prognosticators calling for the demise of oil and natural gas on Monday. “The energy transition is not happening,” he said in Denver. “This drumbeat is crazy.” Wright, speaking at the LDC Gas Forum Rockies & West, said demand for fossil fuels is robust and poised…

Demand for LNG imports to Brazil via the Bahia regasification terminal grew in the second quarter despite surging global natural gas prices, according to the terminal’s operator, Excelerate Energy Corp. CEO Steven Kobos hosted a conference call Thursday to discuss Excelerate’s second-quarter results. The 700 MMcf/d capacity terminal in the city of Salvador began operations…

European natural gas prices on Monday hit the highest level since March as dry, hot weather has left water levels on the Rhine River low and made navigation for some fully loaded ships difficult.  The Rhine is a key waterway in Northwest Europe for moving industrial goods. The low water levels have limited coal and…

Stabilis Solutions Inc. reported a sizable boost in delivered LNG volumes during the second quarter and strong revenue thanks to sky-high commodity prices, but management said there was still work ahead to push back on inflationary impacts and improve earnings. Houston-based Stabilis delivered increased volumes from its two liquefied natural gas facilities during the period,…

After rallying much of last week, natural gas futures pared their gains in early trading Monday as the temperature outlook cooled over the weekend. The September Nymex contract was off 24.7 cents to $8.521/MMBtu as of around 8:50 a.m. ET. Weather models trended cooler over the weekend, including a small loss of 2-3 cooling degree…

New Fortress Energy Inc. (NFE) is looking to develop up to four fast LNG (FLNG) projects offshore Mexico’s Gulf Coast amid the global natural gas supply crunch, management said during an earnings call last week. This is in addition to the company’s first FLNG project currently under development offshore Louisiana. At the port of Altamira,…

A down-then-up stretch in the futures market saw natural gas forwards pull back slightly at most Lower 48 hubs during the Aug. 4-10 trading period, although several western hubs enjoyed basis strengthening on upcoming heat, NGI’s Forward Look data showed. Prices for September delivery at benchmark Henry Hub ended the period at $8.203/MMBtu, a 6.4-cent…

Tilbury LNG has become the sixth active Canadian LNG export project to enlist the native community as a site supporter and potential part-owner. Sponsor FortisBC Holdings Inc. and the Musqueam Indian Band announced a planning, regulatory approval and possible investment agreement for the project in the Vancouver suburb of Delta. Such partnerships are becoming common…

Williams is partnering with PennEnergy Resources LLC to market and deliver certified natural gas from the Appalachian Basin to meet growing demand in the United States and beyond. Through its Sequent business unit, purchased from Southern Co. in 2021, Williams is building a marketing portfolio to sell the low-carbon natural gas to utilities, LNG export…