LNG

ConocoPhillips management confirmed Thursday that it may sell part of its 30% equity stake in the first 1.8 Bcf/d phase of Sempra Infrastructure’s Port Arthur LNG export plant under construction southeast of Houston.  “With regard to Port Arthur, look, we’ve had some inbounds on the equity interest we have,” CEO Ryan Lance said during a…

Natural gas futures were close to unchanged in early trading Friday as the market continued to mull plump storage inventories and potential cooling demand upside this summer.  The June Nymex contract was off 0.8 cents to $2.027/MMBtu at around 8:45 a.m. ET. The U.S. Energy Information Administration (EIA) on Thursday reported a 59 Bcf injection…

A roundup of news and commentary from the global gas market Egypt has secured a floating storage and regasification unit from Höegh LNG Holdings Ltd. to secure more natural gas imports to the energy-hungry country as the outlook for its exports to the global market dims. Egyptian Natural Gas Holding Co. has brokered a deal…

NO. 1: Golden Pass LNG’s timeline for starting production could slip further into 2025. A shortage of skilled workers and other construction issues are reportedly causing delays.  Market speculation about the project has grown this week as traders continue to watch U.S. export projects along the Gulf Coast for signs of new demand later this…

Anyone wanting to perfect the basic fundamentals of trading and optimizing LNG sales on the global market probably need look no further than to Shell plc. The No. 1 global liquefied natural gas trader, and Europe’s leading oil and gas producer, overcame slumping commodity prices during the first quarter to deliver increased production and higher…

A move to force more scrutiny of Kinder Morgan Inc.’s Evangeline Pass natural gas pipeline expansion in Louisiana was struck down Tuesday by a federal appeals court. The U.S. Court of Appeals for the District of Columbia Circuit tossed a petition to halt the Evangeline Pass Expansion underway by Kinder’s Tennessee Gas Pipeline Co. LLC. …

As traders prepared to digest a potential surplus-trimming result from the latest government inventory data, natural gas futures rebounded in early trading Thursday. The June Nymex contract was up 3.9 cents to $1.971/MMBtu as of 8:51 a.m. ET, clawing back a good chunk of the previous session’s 5.9-cent decline. Pre-report estimates were pointing to a…

QatarEnergy has signed another three agreements to secure even more LNG shipping, this time chartering what the company calls QC-Max vessels that would be built in China.  QatarEnergy signed long-term charter party agreements for four liquefied natural gas vessels from China Merchants Group, three vessels from Shandong Marine Group and two vessels from China LNG…

While U.S. natural gas producers are working to balance production with the limited commodity price upside to the end of the year, DT Midstream Inc. (DTM) is expecting Gulf Coast LNG demand to drive a bevy of expansion projects through the decade. The Detroit-based gas infrastructure firm has committed $265-295 million for growth projects this…