LNG

Several years after the proposal was shelved, Repsol SA may revive a plan to export natural gas from its Atlantic Canada LNG import terminal. The Spanish-based energy major’s executive team discussed the potential to move liquefied natural gas (LNG) from Atlantic Canada to overseas markets during the second quarter earnings call. “We have met authorities…

Against a backdrop of potentially bullish developments on the export front, natural gas futures extended their recent gains early Thursday as traders prepared to factor in the latest government inventory data. After surging 36.9 cents higher in the previous session, the September Nymex contract was up another 23.7 cents to $8.439/MMBtu as of around 8:45…

It appears every time someone utters the word “Freeport,” the natural gas market gets itself into a tizzy. This time, though, the latest development in the wake of the LNG terminal’s explosion earlier this summer did nothing to alter its planned restart and thus should have had little influence over prices. At A Glance: Freeport…

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,…

Russia’s natural gas exports to the European Union (EU) and UK plummeted during the first seven months of the year, hitting their lowest point in decades on one route last month, the Energy Information Administration (EIA) said this week, citing data from Refinitiv Eikon. The decline between January and July comes as no surprise as…

Natural gas futures were trading slightly higher early Wednesday as updated forecasts continued to point to a milder August pattern following the intense heat experienced earlier in the summer.  The September Nymex contract was up 3.1 cents to $7.864/MMBtu at around 8:45 a.m. ET. The latest weather model runs maintained cooler trends that developed over…

San Diego-based Sempra’s whirlwind of LNG and equity agreements includes the potential to develop up to three different natural gas export projects on Mexico’s Pacific coast. CEO Jeff Martin said last week that “significant growth drivers” were influential for the Sempra Infrastructure subsidiary formed last year to expand liquefied natural gas exports, net-zero fuels and…

A steady supply of LNG continues to arrive in Europe, keeping the continent on track to have storage inventories filled to 80% of capacity by November.  Natural gas prices in Europe and the UK declined Monday. European storage inventories are at nearly 72% of capacity, or just above the five-year average.  Russian gas flows to…

 Pembina Pipeline Corp. management predicted “meaningful” growth after robust second quarter activity and advancement of some key infrastructure projects. CEO Scott Burrows said the second quarter was an indicator of the upward trajectory for the company, supported by growth in natural gas liquid volumes “across many of Pembina’s systems.” Support for Canadian LNG projects also…