LNG

The U.S. exploration sector delivered its fourth straight quarter of outperformance in 3Q2021, setting the sector up for what should be solid growth in 2022, according to energy prognosticators. Solid cash flow by the domestic exploration and production (E&P) companies was accelerated by the high commodity prices. However, the three-month period also represented a “stabilized…

Amid a growing global reach for U.S. natural gas, and the coincidental timing of gas contract expirations, Henry Hub December basis prices are trading at a rare premium to New York Mercantile Exchange (Nymex) futures, NGI Forward Look data show. Historically, Henry Hub basis tracks within a penny or so of the comparable Nymex contract.…

Responsibly-sourced natural gas (RSG) is key to unlocking more demand for the fuel overseas, but largely in countries that can afford it, according to a panel of U.S. producers and exporters that spoke in Washington, DC, earlier this month. “RSG is a contract between a region that is privileged to have the supply and a…

Natural gas futures were hovering close to even early Wednesday ahead of the release of fresh government inventory data expected to show the season’s first storage withdrawal. The December Nymex contract was up 3.7 cents to $5.004/MMBtu at around 8:50 a.m. ET. NGI’s machine learning model is calling for a 26 Bcf withdrawal from Lower…

Natural gas futures forged higher on Tuesday, recovering much of the ground lost a day earlier, as markets shifted attention to European supply woes and expectations for robust demand for U.S. exports of liquefied natural gas (LNG) through winter. The December Nymex contract climbed 17.8 cents day/day and settled at $4.967/MMBtu. January gained 17.4 cents…

Global natural gas prices remained strong Tuesday as benchmarks in Europe and the United States bounced back amid a colder forecast and supply shortages that are seen keeping the market tight.  Dutch and British futures finished the day slightly higher, with the front-month contracts both settling above $30/MMBtu. In the United States, the prompt Henry…

Woodfibre, a liquefied natural gas (LNG) export project planned for the Pacific coast of British Columbia, has moved a step closer to sanctioning after it awarded a C$1.6 billion ($1.3 billion) construction contract to engineering giant McDermott International Ltd. The LNG project on Tuesday also set a schedule to begin pre-installation work in early 2022…

FERC Chairman Richard Glick last week argued that the “reasonably foreseen” carbon emissions from natural gas infrastructure should be included in every certificate review, but not everybody agrees with him. The Federal Energy Regulatory Commission held a day-long technical conference on Nov. 19 concerning natural gas projects proposed under section 3 or 7 of the…

Click here to listen to the latest episode of NGI’s Hub & Flow podcast for an overview of what’s moving LNG markets as colder weather settles in across the Northern Hemisphere.  NGI’s Senior LNG Editor Jamison Cocklin is joined by Jason Feer, global head of business intelligence at consultancy and shipbroker Poten & Partners, to…