LNG

In the wake of huge gains to start the week coinciding with the October contract expiration, natural gas futures reversed sharply lower early Wednesday as analysts pointed to signs of easing supply/demand tightness domestically. November Nymex futures were off 16.5 cents to $5.715/MMBtu at around 8:50 a.m. ET. More fireworks are likely in store for…

Natural gas futures flew higher again on Monday – up more than 30 cents early — as worries about global energy supplies intensified and bulls dominated U.S. trading ahead of front-month expiration. Traders took some profits in afternoon action, but the October contract still finished in the green and up more than 70 cents over…

Natural gas prices across the world climbed higher on Tuesday, fueled by the prospect that there will be energy shortages from Europe to Asia this winter.  British and Dutch benchmarks closed higher Tuesday, beating an all-time record set Monday after finishing close to $30/MMBtu. In the United States, prices also continued climbing toward $6 as…

Global energy trading giant Vitol Group is extending its reach in the liquefied natural gas (LNG)-for-transport market with the acquisition of a majority stake in a German supplier. Vitol said Tuesday it had purchased a share in Liquind GmbH, which has a network of 15 filling stations serving the trucking industry in Germany, for an…

Great Lakes Dredge & Dock Co. LLC has been tapped to construct the third phase of a landmark expansion of the Port of Corpus Christi Ship Channel in South Texas. The U.S. Army Corps of Engineers awarded a $139 million contract to the dredging service provider, which is tasked with extending the ship channel west…

Continued volatility attributed to front-month expiration saw natural gas futures rocket over the $6/MMBtu mark in early trading Tuesday. Coming off a 56.6-cent gain in the previous session, the October Nymex contract was up an additional 30.4 cents to $6.010 at around 8:45 a.m. ET. November was trading at $6.033, up 30.2 cents. After a…

Global oil demand should plateau earlier than estimated, likely before 2030, but natural gas will continue to play a key role in the energy transition, TotalEnergies said Monday. The Paris-based multi-energy major provided its third annual short-term forecast in the Energy Outlook (EO) 2021. Ahead of the upcoming United Nations (UN) Climate Change Conference, also…

Drilling activity in China is expected to intensify over the next five years as the nation’s producers are under pressure to boost domestic natural gas and oil production and reduce reliance on imports. According to a recent report by Rystad Energy, China’s top three national oil companies (NOCs) are expected to spend about $123 billion…

Intercontinental Exchange Inc. (ICE) has reported fresh records for Asian natural gas futures in August, with Japan-Korea Marker (JKM) volumes surpassing 100,000 lots traded during the month. ICE said JKM futures reached 106,529 lots traded, close to double August 2020 volumes. In addition, open interest ended the month at a record 114,531 lots. The news…