LNG

Natural gas futures were down sharply in early trading Monday as weather models over the weekend advertised a pattern that would deliver notably warmer-than-normal temperatures for early December. The December Nymex contract was down 25.2 cents to $4.813/MMBtu at around 8:45 a.m. ET. Compared to Friday’s outlook, the largest change in the temperature outlook occurred…

Weekly natural gas cash prices gained ground amid snow and freezing conditions that originated in the West and traveled across the northern half of the country, generating robust heating demand. NGI’s Weekly Spot Gas National Avg. for the Nov. 15-19 period climbed 18.5 cents to $4.875 A chilly weather system tracked out of the Mountain…

The Royal Canadian Mounted Police (RCMP) deployed Thursday to rescue about 500 pipeline construction workers who had been trapped since Sunday by native protest blockades against TC Energy Corp.’s Coastal GasLink (CGL) project in northern British Columbia (BC). Reinforced RCMP squads established an access control point and stepped up patrols to clear protesters and barricades…

Natural gas forward prices recorded a third straight week in the red as weather models continued to show variability in the forecasts, rather than sustained cold. Liquefied natural gas (LNG) demand, meanwhile, neared all-time highs as production fluctuated but stood well off summer lows. All the gyrations in the supply/demand balance left the December forward…

A roundup of news and commentary from NGI’s LNG Insight European carbon prices hit record highs this week. The allowances purchased by the power and manufacturing sectors for emissions closed at 69.32 euros/metric ton ($78.25) on Friday.  Stronger gas prices, colder weather and rules for an international carbon market reached at COP26 have all prompted…

After some notable swings in after hours trading, natural gas futures hovered close to even in early trading Friday as forecasters highlighted volatility in the weather data. The December Nymex contract was up 3.7 cents to $4.939/MMBtu at around 8:50 a.m. ET. Weather models as of early Friday had been “all over the place” in…

Natural gas forward prices recorded a third straight week in the red as weather models continued to show variability in the forecasts, rather than sustained cold. Liquefied natural gas (LNG) demand, meanwhile, neared all-time highs as production fluctuated but stood well off summer lows. All the gyrations in the supply/demand balance left the December forward…

The rates to charter vessels for spot liquefied natural gas (LNG) shipments hit records this week amid renewed demand from buyers in Asia and the strong prices that are attracting U.S. cargoes and tying up ships for longer journeys.  According to Spark Commodities, LNG tanker rates in the Pacific Basin were assessed earlier this week…

Houston-based Baker Hughes Co. is on the prowl to secure stakes in low-carbon ventures and bring deep-pocketed partners on board as it revamps its energy technology portfolio. Shell Global Solutions BV earlier this month signed a broad memorandum of understanding (MOU) with the energy technology giant. Royal Dutch Shell plc and Baker have set goals…