LNG

Natural gas prices stumbled on Monday as weather forecasts continued to show mild conditions through late March, likely pushing the domestic market comfortably beyond the peak heating season. The April Nymex gas futures contract shed 6.7 cents day/day and settled at $4.658. May lost 6.4 cents to $4.702. NGI’s Spot Gas National Avg. dropped 56.0…

The global liquefied natural gas (LNG) trade is predicted to grow to 2050, lifted by emerging economies and the shift to lower carbon fuels, according to BP plc. The integrated major’s latest annual forecast, Energy Outlook 2022, explores the uncertainties surrounding the energy transition to a carbon-free world using Accelerated, Net Zero and New Momentum…

Natural gas prices fell across the globe as the week got underway, tempered by another round of talks between Russia and Ukraine, along with milder weather in key markets.  In Europe, the Title Transfer Facility (TTF) continued to fall Monday, coming off a record high early last week of $72.765/MMBtu. Negotiations to end the conflict…

Tulsa-based Williams has clinched agreements with Quantum Energy Partners that include more than doubling its Haynesville Shale natural gas midstream footprint to 4 Bcf/d-plus from 1.8 Bcf/d. In one deal, Williams agreed to pay $950 million for Quantum’s Trace Midstream, which holds East Texas natural gas gathering and processing assets.  A memorandum of understanding with…

A particularly bearish temperature outlook for the back half of March pressured natural gas futures lower in early trading Monday. The April Nymex contract was down 10.0 cents to $4.625/MMBtu at around 8:50 a.m. ET. Forecast trends over the weekend were bearish, with models advertising comfortable temperatures for much of the Lower 48 starting Tuesday…

Development of Venture Global LNG Inc.’s Plaquemines liquefied natural gas (LNG) terminal is heating up with a succession of engineering and procurement contracts. Baker Hughes Co. (BKR) announced March 9 that Venture Global had awarded it with a major order for equipment and the notice to proceed on work for the 20 million metric tons/year…

An initial investigation by FERC that found some “anomalies” during Winter Storm Uri in February 2021 may have been caused by natural gas market manipulation, Chairman Richard Glick said Thursday. The Federal Energy Regulatory Commission is unable to probe some aspects of the possible illegal activity because the main Texas power grid, the Electric Reliability…

Natural gas forward prices broke free from oil and other commodities during the March 3-9 period, sending prices sliding ahead of an expected warmup next week, according to NGI’s Forward Look. April fixed prices fell an average 20.0 cents during that time, while the summer strip (April-October) came off 14.0 cents on average, Forward Look…

A roundup of news and commentary from NGI’s LNG Insight  Russian natural gas moving through Ukraine toward Europe was stable Friday. Flows were largely unchanged from Thursday, when Ukraine’s natural gas transmission system operator warned that European supplies were threatened by Russian military forces that had entered two of its compressor stations. Japan-Korea Marker prices…