LNG

Natural gas is expected to overtake coal and become the second-largest fuel in the energy mix by 2045, but the long-term demand outlook is tempered somewhat by the rise in renewable energy and efficiencies, according to the Organization of the Petroleum Exporting Countries (OPEC). Natural gas demand is projected to increase from 64.2 million boe/d…

Steady calls for U.S. exports and global supply worries outshined a robust government inventory print and forecasts for light domestic demand, sending natural gas futures higher on Thursday. The November Nymex contract, a day after shedding 40.3 cents in its debut as the front month, recovered ground and advanced 39.0 cents day/day to settle at…

Fueled by a potential wintertime energy shortage overseas, U.S. natural gas forward prices rebounded sharply from the prior week’s bruising. November prices surged by an average 42.0 cents during the trading period from Sept. 23-29, while the winter strip (November-March) jumped 49.0 cents on average, according to NGI’s Forward Look. Gains at the front of…

Concerns that the world won’t have enough energy supplies to  go around this winter appeared to deepen on Thursday as natural gas prices again set records and governments continued stepping in to ensure the lights stay on.  Coal, natural gas and even water for hydropower are in short supply. In North Asia, Japan-Korea Marker (JKM)…

Suppliers of liquefied natural gas (LNG) are under increasing pressure to lower the carbon footprints of their cargoes. But the question of who pays for the costs of decarbonization is a tricky one, Poten & Partners analysts said Wednesday. With more LNG supply expected to come online by the middle of the decade, sellers are…

The U.S. Energy Information Administration (EIA) on Thursday reported an injection of 88 Bcf natural gas into storage for the week ended Sept. 24. The result barely exceeded the midpoint of analysts’ estimates, but it was not high enough to curb upward pressure on Nymex natural gas futures. Ahead of the EIA report, the November…

Coming off heavy losses in the previous session, natural gas futures rebounded in early trading Thursday, though analysts predicted continued downward pressure for prices. After tumbling 40.3 cents in Wednesday’s trading, the November Nymex contract had recovered 13.5 cents to reach $5.612/MMBtu as of around 8:45 a.m. ET. Analysts at EBW Analytics Group characterized the…

Qatar Petroleum (QP) is set to supply even more liquefied natural gas (LNG) to China starting next year under an agreement announced Wednesday. Under the sale and purchase agreement (SPA), QP would supply 3.5 million tons/year (Mty) over a 15-year term starting in January 2022 to the marketing subsidiary of China National Offshore Oil Corp.…

Leading North American natural gas marketers reported lower overall sales volumes for the second quarter in a continuation of a trend of year/year declines in the wake of production cuts imposed in response to the coronavirus pandemic. Still, there were several bright spots that suggest momentum is building. The 25 gas marketers included in the…