LNG

With cooler weekend weather trends helping to strengthen the demand outlook in a market already concerned about supply availability, natural gas futures advanced in early trading Monday. The May Nymex contract was up 17.3 cents to $6.451/MMBtu at around 8:50 a.m. ET. Weather models trended cooler over the weekend, advertising stronger cooling for the eastern…

LONDON (ICIS) –The LNG market softened with Asian LNG and European gas prices settling lower over the week. Latest tender awards in Asia saw prices in the low $30s/MMBtu.

The Gas Transmission System Operator of Ukraine (GTSOU) warned Friday that Russian-backed forces were interfering with operations at a key compressor station in the eastern part of the country that jeopardized flows to Europe.  GTSOU said the forces were meddling in operational and technological processes that endangered the integrity of the Novopskov facility in the…

Eschewing the typical shoulder-season themes characteristic of more moderate weather-driven demand, natural gas forwards rallied sharply during the March 31-April 6 trading period as signs of stubbornly stagnating production levels stoked supply adequacy fears. The majority of Lower 48 hubs posted fixed price gains of around 40-60 cents week/week for the May contract, with benchmark…

NextDecade Corp., which was facing concerns about its financial strength at the beginning of the year, has received a $30 million injection and taken major steps in the last few weeks toward sanctioning a liquefied natural gas (LNG) export project in South Texas. The Houston-based LNG developer in March said in its annual report it…

Natural gas should play a reduced, yet still significant role, in the global energy mix even if anthropogenic global warming is limited to 1.5 C degrees, according to the latest modeling by the United Nations (UN) climate change panel. The UN’s Intergovernmental Panel on Climate Change (IPCC) analyzed scenarios in the latest report, which indicate…

A spike in oil and natural gas prices should lead to a sharp increase in first quarter results for Shell plc, but its exit from Russia is likely to be a one-time $4-5 billion writedown, the London-based major said Thursday. In its 1Q2022 preliminary results, the world’s largest liquefied natural gas (LNG) trader said gas…

The UK government on Thursday unveiled an energy security strategy to cut its reliance on fossil fuel imports that would revive offshore oil and natural gas production in the North Sea. The nation, like others in Europe, is looking to break free of Russian oil and natural gas imports. Its strategy envisions more domestically produced…

NextDecade Corp. has landed its second long-term agreement for liquefied natural gas (LNG) with a Chinese buyer in less than two weeks as it shores up offtake ahead of a possible summer sanctioning of its South Texas export project. The Houston-based company announced Wednesday a 20-year sale and purchase agreement (SPA) with ENN LNG Pte…