LNG

Natural gas futures treaded water early Monday as traders looked for fresh direction amid the continued war in Ukraine. After spending much of the afternoon in positive territory, a trio of bearish headwinds eventually left the May Nymex contract nearly unchanged at $5.712/MMBtu. June also barely budged, off two-tenths of a cent to $5.793. Spot…

Two liquefied natural gas (LNG) export projects planned for Mexico’s Pacific Coast have reached significant milestones in recent days.  The projects comprise Sempra Infrastructure’s Vista Pacífico LNG terminal planned for Topolobampo, Sinaloa, and Mexico Pacific Ltd.’s (MPL) liquefaction project envisioned for Puerto Libertad, Sonora.  Sempra Infrastructure and TotalEnergies SE are expanding their “strategic alliance” in…

European natural gas prices were muted Monday despite the threat of additional sanctions on Russian energy exports to the continent and the possibility of further supply disruptions if buyers there don’t pay in rubles as the country has demanded. Alleged atrocities by the Russian military near Kyiv prompted a new round of calls for more…

Sempra Infrastructure announced a bevy of development agreements Monday, including expanding its Cameron liquefied natural gas (LNG) terminal on the Gulf Coast with the help of existing partners. The affiliate of San Diego-based Sempra secured a heads of agreement (HOA) with TotalEnergies, Mitsui & Co. and Japan LNG Investment LLC to develop a fourth liquefaction…

Local natural gas distribution companies are showing signs of becoming more collaborative in developing greenfield infrastructure projects, a representative of storage tank specialist Cashman Preload Cryogenics (CPC) said at the LDC Gas Forum Southeast in Savannah, GA last month. Traditionally, a local distribution company (LDC) would own, operate, and invest in greenfield projects, CPC’s Jeff…

As the market weighed signs of production growth against potential storage adequacy concerns heading into the refill season, natural gas futures advanced in early trading Monday. The May Nymex contract was up 8.1 cents to $5.801/MMBtu at around 8:40 a.m. ET. From a technical point of view, the focus remains on whether the May contract…

Gazprom PJSC said Friday it has sent notifications to certain customers requiring payments for natural gas be made in rubles. The state-owned company, Russia’s largest natural gas producer, said on the messaging service Telegram that it was complying with a decree from President Vladimir Putin requiring “unfriendly countries” in Europe to pay in rubles after…

Even with Russia’s war in Ukraine raging, U.S. natural gas forward prices took a step down during the March 24-30 period amid thawing spring temperatures and moderating demand, NGI’s Forward Look showed. Benchmark Henry Hub set the tone for the week, with volatility still heightened as global energy markets continued to respond to Russia’s invasion…

SINGAPORE (ICIS) –The ICIS TTF April ’22 price rose to $38.64/MMBtu on 30 March, 11% up day on day. This is the highest contract price since 11 March. Sharp gains were also seen on the May ’22 contract, which also rose 11% day on day, closing at $38.85/MMBtu.