LNG

Increased prices persisted as a fixture for international natural gas sales through the first half of this year, according to the latest trade scorecard by the U.S. Department of Energy (DOE). U.S. exports to Mexico led the gains with a 230% jump in prices to average $6.11/MMBtu for the first half of 2021 (1H2021), up…

Mexico’s economy went into quiet mode for most of the last week as the country celebrated its Dia de los Muertos holiday. Natural gas imports from the United States dropped, and pricing volatility continued to be the name of the game. Wood Mackenzie analyst Ricardo Falcón told NGI’s Mexico GPI that low pressure systems and…

Since the dawn of the shale revolution, periodic estimates of technically recoverable U.S. natural gas resources have trended upward. Until now. That is a key takeaway from the latest installment of the “Future Supply of Natural Gas in the United States,” an authoritative assessment issued biennially by the Potential Gas Committee (PGC). Last month, the…

The Panama Canal Authority said a record amount of tonnage passed through the waterway during fiscal year (FY) 2021, a milestone driven in large part by liquefied natural gas (LNG) cargoes, which saw the largest increase. “LNG is not only growing the fastest, but it has had its best year in terms of tonnage through…

Natural gas futures on Tuesday gained ground for the first time in four sessions as overseas supply shortages converged with forecasts for colder weather and stronger domestic demand by mid-November. The December Nymex contract gained 35.6 cents day/day and settled at $5.542/MMBtu. January rose 33.5 cents to $5.640.   At A Glance: Weather forecasts shift bullish…

A roundup of news and commentary from NGI’s LNG Insight  Freeport LNG has taken one of its three pretreatment trains offline for maintenance after an incident Sunday that will limit operational capacity. A spokesperson said the train is expected to be offline for seven days. Feed gas deliveries to the terminal were nominated lower early…

The United States is set to impose sweeping limits on methane emissions from oil and gas operations as the Biden administration ups its commitment to tackle global warming. Once enacted, the rule’s impact on natural gas and oil prices from 2023-2035 would cost “pennies per bbl of oil or Mcf of gas,” the Environmental Protection…

Natural gas futures fell again Monday as forecasts for more mild fall weather and light demand eclipsed robust liquefied natural gas (LNG) levels. The December Nymex contract settled at $5.186/MMBtu, down 24.0 cents day/day. January fell 22.4 cents to $5.305. Trading Monday extended a steep downward trend. Futures shed more than 75 cents over the…

European natural gas prices jumped on Monday after flows reversed on a key pipeline that moves Russian supplies to the continent.  Monday’s price action was the latest to demonstrate how mixed signals from Russia have the European market seesawing. The Dutch Title Transfer Facility and National Balancing Point benchmarks dropped sharply last week, falling from…