LNG

EQT Corp. is in discussions with multiple liquefied natural gas (LNG) end-users across the world and may invest in liquefaction capacity as the call for U.S. exports grows.  The country’s largest natural gas producer already sells volumes to U.S. export terminals. It moves 1 Bcf/d from the Appalachian Basin to the Gulf Coast. However, the…

The Department of Energy (DOE) on Wednesday approved an additional 500 MMcf/d of liquefied natural gas (LNG) exports from two Gulf Coast projects, one of which could be the largest addition to U.S. capacity for several years. Exports from Golden Pass, set to begin exports in 2024, is a venture by ExxonMobil and Qatar Energy…

Natural gas futures surged for a third consecutive day against a backdrop of escalating global supply uncertainties after Russia cut off natural gas supplies to two European countries. With domestic fundamentals also tight this week, the May Nymex contract rolled off the board Wednesday at $7.267/MMBtu, up a massive 41.7 cents on the day. The…

Lofty energy prices, driven by steady demand and global supply shocks imposed by Russia’s invasion of Ukraine, present U.S. exploration and production (E&P) companies both profit opportunity and potential hazard. As the first quarter E&P earning season gets in full swing over the coming weeks, markets are expected to focus on whether companies are able…

The stage was set Tuesday for competition between two Canadian pipeline giants to transport natural gas supply to a proposed liquefied natural gas (LNG) terminal on the northern Pacific coast of British Columbia (BC). TC Energy Corp. and Enbridge Inc. could compete for the transportation deal to serve Ksi Lisims LNG’s proposed project. Both have…

The natural gas market was searching for clarity on Wednesday about how Russia’s decision to cut off natural gas supplies to Bulgaria and Poland could impact larger buyers in Europe if they don’t fully comply with the Kremlin’s demands to change how they pay for imports. Gazprom PJSC confirmed Wednesday that it had stopped delivering…

Against a backdrop of supportive dynamics for U.S. exports, natural gas futures continued to advance in early trading Wednesday. The expiring May contract was up 7.1 cents to $6.921/MMBtu at around 8:45 a.m. ET. June was up 10.3 cents to $7.081. Futures are coming off back-to-back up days to start the current week, with prices…

Russia intends to cut off natural gas supplies to Poland on Wednesday in an escalation that sent European natural gas prices surging over fears that the Kremlin could take similar steps against other nations.  State-owned Polish Oil and Gas Co. said Tuesday that it received a letter from Gazprom PJSC announcing the complete suspension of…

The United Arab Emirates’ (UAE) plans to build a second LNG export facility and become a regional exporter are gaining momentum as European leaders recently visited the Middle East to discuss replacing Russian energy imports.  The proposed two train 9.5 million metric tons/year (mmty) project is to be located at the busy oil port of…