LNG

Natural gas futures continued to bounce around like a pogo stick, with bulls buying the early dip in Wednesday’s trading session and near-term heat fueling the rally. The July Nymex gas futures contract settled at $6.858/MMBtu, up 5.0 cents on the day. August futures climbed 8.9 cents to $6.872. Spot gas prices were mostly higher…

Cheniere Energy Inc. said Wednesday it made a positive final investment decision (FID) to expand its Corpus Christi liquefied natural gas (LNG) export terminal in South Texas.  The project would add seven midscale liquefaction trains and 10 million metric tons/year (mmty) of capacity at the facility as global demand for LNG surges. “Reaching FID on…

A subsidiary of Sempra has potentially netted another offtaker for two of its proposed Gulf Coast liquefied natural gas (LNG) projects as a European chemical manufacturer moves to secure natural gas supply. Sempra Infrastructure, the LNG and renewable infrastructure arm of the San-Diego based company, said it had a 1.4 million metric ton/year (mmty) heads…

The Royal Caribbean Group has selected The Woodlands, TX-based Eagle LNG Partners LLC to refuel its new class of cruise ships powered by liquefied natural gas (LNG) throughout the Caribbean. As a result, Eagle said it would debut “multiple purpose-built” vessels for LNG bunkering, or refueling, operations that would be located in the region. The…

With the market still pricing in the balance impacts of a prolonged outage at the Freeport liquefied natural gas (LNG) terminal, traders shrugged off warmer forecast trends to send futures lower in early trading Wednesday.  The July Nymex contract was off 17.3 cents to $6.635/MMBtu as of around 8:55 a.m. ET. Both the American and…

After a sharper nosedive early Tuesday, natural gas futures recovered most ground and finished the day less than 15 cents lower than Friday’s close. Weather models drove the morning losses while technicals fueled the rebound, ultimately leaving the July Nymex futures contract 13.6 cents lower at $6.808/MMBtu. August futures fell 12.3 cents to $6.783. Spot…

ExxonMobil said Tuesday it would invest in a $29 billion project that would boost Qatar’s liquefied natural gas (LNG) capacity from 77 million tons to 110 million tons annually. The deal comes at a time when demand is soaring, particularly in Europe, amid Russia’s war in Ukraine. The Irving, TX-based supermajor joined other international energy…

Venture Global LNG Inc. has secured a 20-year sales and procurement agreement (SPA) for a combined 1.5 million metric tons/year (mmty) from its two Louisiana natural gas export facilities with one of Germany’s largest energy firms.The SPA clinched by the Arlington, VA-based liquefied natural gas (LNG) infrastructure company is with EnBW Energie Baden-Württemberg AG. EnBW…

The American Petroleum Institute (API) has put forth a 10-point policy plan it wants the Biden administration to adopt to promote U.S. oil and natural gas production – and ease the global energy crisis. “As energy costs and geopolitical instability around the world continue to rise, API is calling on policymakers to confront the global…