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Argentina Launches Natural Gas Tender to Guarantee Winter Volumes

Argentina Launches Natural Gas Tender to Guarantee Winter Volumes

Argentina has launched a tender to secure natural gas supplies for the upcoming winter in the Southern Hemisphere. Part of the “Plan Gas 4,” the aim of the tender is to “save on as much imported fuel as possible,” the Energy Secretariat said in a statement. The new tender aims to lock in natural gas…

February 24, 2021
In Industry First, Cheniere to Track LNG Emissions from Wellhead to Loading for All Cargoes

In Industry First, Cheniere to Track LNG Emissions from Wellhead to Loading for All Cargoes

Cheniere Energy Inc. beginning next year plans to provide customers with greenhouse gas emissions data for each liquefied natural gas (LNG) cargo loaded at its U.S. export terminals in yet another sign of environmental scrutiny across global energy markets. CEO Jack Fusco said Wednesday the decision represents the first time a major LNG producer has…

February 24, 2021
Natural Gas to Become World’s Primary Fossil Fuel by 2050, Says Gas Exporting Countries Forum

Natural Gas to Become World’s Primary Fossil Fuel by 2050, Says Gas Exporting Countries Forum

Amid the ongoing energy transition, natural gas and renewables are seen accounting for more than 90% of incremental energy demand globally through 2050, according to a new report from the Gas Exporting Countries Forum (GECF) The GECF on Wednesday released the latest edition of its Global Gas Outlook 2050 report, which outlined a future in…

February 24, 2021
Warm Forecast for March Pressures Natural Gas Futures Lower Early

Warm Forecast for March Pressures Natural Gas Futures Lower Early

A warmer forecast for the first third of March kept the pressure on natural gas futures in early trading Wednesday. The expiring March Nymex contract was down 2.6 cents to $2.853/MMBtu at around 8:50 a.m. ET. April was down 2.2 cents to $2.835. The latest forecasts extended warmer trends for the opening third of March,…

February 24, 2021
Natural Gas Futures Slip Further as Traders Brush Off Looming Storage Deficits; Cash Mixed

Natural Gas Futures Slip Further as Traders Brush Off Looming Storage Deficits; Cash Mixed

Natural gas futures slipped deeper into the red on Tuesday as supply ramped up following last week’s historic winter storm. Weather models also continued to favor a mostly mild pattern in the weeks ahead, solidifying the move to the downside for the March Nymex contract, which settled 7.4 cents lower day/day at $2.879. April fell…

February 23, 2021
U.S. Feed Gas Nominations Still Climbing as Exports Recover from Deep Freeze — LNG Recap

U.S. Feed Gas Nominations Still Climbing as Exports Recover from Deep Freeze — LNG Recap

U.S. feed gas deliveries were poised to hit their highest point in nearly two weeks on Tuesday as liquefied natural gas (LNG) export operations along the Gulf Coast continued ramping up after a historic winter storm nearly shut them down last week.  Feed gas deliveries have been climbing in recent days, surpassing 8 Bcf on…

February 23, 2021
ArcLight Taking 25% Stake in NGPL for $830M

ArcLight Taking 25% Stake in NGPL for $830M

A fund controlled by ArcLight Capital Partners LLC has taken a minority stake in the largest natural gas pipeline serving the high-demand Chicago-area market, as well as liquefied natural gas (LNG) export terminals along the Gulf Coast. Kinder Morgan Inc. (KMI) and Brookfield Infrastructure Partners LP on Tuesday said they agreed to sell a 25%…

February 23, 2021
Natural Gas Prices Continue to Slide on Post-Storm Recovery

Natural Gas Prices Continue to Slide on Post-Storm Recovery

Natural gas futures crashed on Monday as production appeared to be making a quick recovery from the unrivaled Arctic blast that rocked the energy industry last week. Warming weather models also provided a headwind to prices, with the March Nymex gas futures contract tumbling 11.6 cents to settle at $2.953. April slid only 5.5 cents…

February 22, 2021
Chevron, Pavilion Agree to LNG Supply Deal Detailing Emissions to Produce and Deliver Cargoes

Chevron, Pavilion Agree to LNG Supply Deal Detailing Emissions to Produce and Deliver Cargoes

An affiliate of Chevron Corp. has signed a deal to supply liquefied natural gas (LNG) that requires it to detail the emissions generated to produce and deliver the cargoes as more countries scrutinize their energy consumption and climate impacts.  Chevron U.S.A. Inc. has agreed to supply Pavilion Energy Trading & Supply Pte. Ltd. with 500,000…

February 22, 2021

LNG Loading Resumes Along Gulf Coast After Storm — The Offtake

A roundup of news and commentary from NGI’s LNG Insight Feed gas nominations to U.S. LNG export terminals are strengthening after frigid temperatures brought operations to a standstill. NGI data showed nominations at 8.66 Bcf early Monday, or roughly 86% of U.S. LNG capacity, according to Wood Mackenzie.  Nominations haven’t bounced back fully as Freeport…

February 22, 2021