LNG

Natural gas futures pared their losses in early trading Friday as analysts parsed the latest government inventory data, finding evidence of a storage cushion worn down by sweltering summer temperatures.  Coming off a 42.0-cent sell-off in the previous session, the September Nymex contract was up 19.5 cents to $8.329/MMBtu at around 8:50 a.m. ET. The…

Norway plans to increase natural gas production through the summer to help meet European Union (EU) demand and fill the void left by declining Russian deliveries.   Equinor ASA said its Norwegian exports to the rest of Europe increased by 18% year/year in the second quarter. Norway is Europe’s second largest gas supplier behind Russia, which…

EQT Corp. CEO Toby Rice said Thursday natural gas pipeline capacity in the Appalachian Basin has “hit the wall,” motivating the company to pursue LNG export opportunities on the East Coast. “We are looking at ways to catalyze East Coast liquefied natural gas, which could have meaningful ramifications to our Appalachia production long-term,” added CFO…

Commodity prices are likely to remain high into 2023 with tight global natural gas and oil supply, strong demand and short refining capacity, Shell plc CEO Ben van Buerden said Thursday. Strong natural gas and power trading, along with higher refining margins, lifted the London-based major to its second consecutive record quarter in 2Q2022. Van…

Further cuts of Russian natural gas pipeline volumes to Europe could be casting shadow on the European Union’s (EU) ambitious winter storage goals as governments on the continent warn of impending shortfalls. Russia’s Gazprom PJSC cut natural gas deliveries on Nord Stream 1 (NS1) to 20% of capacity Wednesday, blaming overdo maintenance on turbines feeding…

August Nymex natural gas futures faltered Wednesday, snapping a furious rally that dated to last week amid robust cooling demand and global supply worries. The prompt month gas futures contract settled at $8.687/MMBtu, down 30.6 cents day/day. September fell 27.1 cents to $8.554. At A Glance: Nymex gas trading proves volatile Weather-driven demand holds strong…

The Atlantic hurricane season is underway, and the U.S. natural gas industry is taking extra measures this year to be better prepared for major storms that could have far-reaching impacts amid lower domestic storage inventories and tight global energy markets.  “For the global gas market, the stakes are higher with Freeport LNG offline, especially given…

Columbia Gulf Transmission LLC is seeking additional time to construct the last planned compressor station that would expand natural gas throughput to Cheniere Energy Inc.’s Sabine Pass LNG terminal on the Gulf Coast. In a letter to FERC last week, TC Energy affiliate Columbia Gulf said it needs until Dec. 31 to construct and make…

Gazprom PJSC’s natural gas production has dropped 10.4% since January, dragged down by a steep cut in pipeline exports to Europe, which have fallen by 33.1% so far this year. The company has boosted exports to China.  Russia produced 249.7 billion cubic meters (Bcm) between Jan. 1 and July 15, down by 29.1 Bcm compared…