LNG

HOUSTON (ICIS) — Asian LNG spot prices have fallen this week, with the July ICIS East Asia Index (EAX) down more than 12% on 19 May from one week ago. The softness in prices, compared with levels seen just a month ago, could attract additional buyers into the market. New demand will be weather dependent…

Volatile natural gas futures were trading sharply lower early Friday amid a cooling weather outlook, though analysts continued to see upside risks for prices. The June Nymex contract was down 27.7 cents to $8.031/MMBtu at around 8:50 a.m. ET. July was off 27.8 cents to $8.122.  Forecast trends were cooler day/day, with changes focused on…

Poland and Bulgaria are receiving help from neighboring countries and liquefied natural gas (LNG) suppliers to help weather Russia’s decision to cut off natural gas supplies. When Gazprom PJSC cut off deliveries to both countries last month for refusing to comply with Russia’s payment requirements for natural gas, Greece and other nations in southeast Europe…

A roundup of news and commentary from NGI’s LNG Insight Russia’s Deputy Prime Minister said Thursday about half of Gazprom PJSC’s clients have opened two bank accounts to facilitate ruble payments for natural gas deliveries. European natural gas prices fell Thursday after fears eased over noncompliance and the possibility of Russia shutting off supplies to…

Port Edward LNG Ltd. President Chris Hilliard, who is leading development of a small-scale liquefied natural gas (LNG) facility on the west coast of Canada, believes the project has unique advantages to become one of the country’s first LNG export terminals. Hilliard said the 300,000 metric tons/year project could be in service by 2024. Considering…

U.S. Treasury Secretary Janet Yellen said the United States and Europe needed to “go further” in confronting Russia’s war against Ukraine, while expanding the “potent transatlantic cooperation to address many of the other shared challenges we face.” Speaking at the Brussels Economic Forum on Tuesday, Yellen said “we must address the present energy security emergency…

The European Commission (EC) on Tuesday released a long list of measures aimed at supporting its plan to end Russian energy imports that would significantly reduce the continent’s consumption of fossil fuels. Energy efficiency efforts, fuel substitution, electrification and what the commission said would be a “massive scaling-up and speeding-up of renewable energy,” could cut…

FERC has prepared a draft environmental impact statement (DEIS) for a Tellurian Inc. pipeline project that would potentially serve natural gas demand in Southwestern Louisiana and the company’s Driftwood liquefied natural gas (LNG) export project.  The Federal Energy Regulatory Commission (FERC) concluded that construction and operation of the Driftwood Line 200 and Line 300 projects…

With forecasts teasing the prospect of hotter temperatures arriving by early June, natural gas futures continued to climb in early trading Wednesday. Coming off a 34.8-cent gain in the previous session, the June Nymex contract was up 19.9 cents to $8.503/MMBtu at around 8:50 a.m. ET. July was up 20.0 cents to $8.594. Updated forecasting…