With robust demand from both Europe and Asia for U.S. supplies of liquefied natural gas (LNG) and strong levels of pipeline deliveries to Mexico, the Energy Information Administration (EIA) forecasted that U.S. gas exports would exceed imports by an average of 11.0 Bcf/d in 2021. That would mark a nearly 50% jump from the 2020…
LNG
Articles from LNG
Production, LNG Said Supportive as Natural Gas Futures Rebound in Early Trading
After heavy selling last week, natural gas futures bounced back somewhat in early trading Monday as analysts pointed to supportive export and production data. The September Nymex contract was up 5.0 cents to $3.911/MMBtu at around 8:50 a.m. ET. With the weather outlook “largely unchanged” compared to previous expectations, analysts at EBW Analytics Group pointed…
Golar LNG Eyes Shipping Spin-Off as Upstream Emphasis Grows
Bermuda-based liquefied natural gas (LNG) specialist Golar LNG Ltd. may spin off its shipping unit amid a positive outlook for freight rates. CEO Karl Fredrik Staubo said recently strong demand in Asia, along with new International Maritime Organization decarbonization rules that would cut the number of active older LNG carriers starting in 2023, is likely…
As Peak Summer Heat Passes, Natural Gas Forwards Slump
With the hottest temperatures of the summer expected to soon reside in the market’s rearview, natural gas forwards receded during the Aug. 5-11 trading week, including large markdowns in the western United States, NGI’s Forward Look data show. Discounts of around a dime or more in fixed price prompt-month forwards were the norm for most…
Downward Pressure Continues on Natural Gas Futures as Market Mulls ‘Whipsaw’ EIA Data
Natural gas futures continued to slide in early trading Friday as the market mulled evidence of a looser supply/demand balance in the latest government inventory data. Coming off a 12.6-cent sell-off in the previous session, the September Nymex contract was down another 3.9 cents to $3.894/MMBtu at around 8:50 a.m. ET. The Energy Information Administration…
Vortexa’s New LNG Chief Sees Strong ‘Momentum’ in Global Natural Gas Market
Vortexa Ltd.’s Felix Booth, head of liquefied natural gas (LNG), doesn’t expect the global market to loosen anytime soon as supplies remain scarce and demand rebounds from lows of the Covid-19 pandemic. Based in Singapore, Booth recently joined energy analytics firm Vortexa, which is aiming to cast a wider net in the evolving LNG business.…
United States Led Global LNG Exports Higher Through May, IEA Says
Natural gas consumption continued to increase across the world in May and exports were up to meet demand, according to the International Energy Agency (IEA). IEA in its latest monthly report said gross natural gas consumption increased 7.4% year/year to 125.9 million cubic meters (MMcm) in developed nations, defined as the Organization for Economic Cooperation…
EIA’s 49 Bcf Storage Build Drags Natural Gas Futures Below $4.00
The Energy Information Administration (EIA) reported an on-target 49 Bcf injection into natural gas storage inventories for the week ending Aug. 6, quickly sending futures prices to around $4.00/MMBtu. The 49 Bcf build was on par with major survey estimates ahead of the report and came in not too far removed from historical levels. Last…
API, Energy Industry Look to Partner in Reducing GHG Emissions as Scientists Sound Alarm
Overcoming the impacts of climate change remains “the global challenge of our time,” a top oil and gas industry spokesperson said Tuesday. American Petroleum Institute (API) spokesperson Bethany Aronhalt told NGI that the oil and gas industry is working to combat the rise in greenhouse gas (GHG) emissions. The Intergovernmental Panel on Climate Change (IPCC),…
Japan’s Draft Energy Plan Could Squeeze LNG Importers, but U.S. Suppliers ‘Still in the Game’ — LNG Spotlight
Japan’s latest efforts to decarbonize could leave the liquefied natural gas (LNG) sector in the lurch as the nation looks to further reduce the share of fossil fuels in its energy mix by 2030. A draft plan unveiled by the government last month would see the nation reduce the share of fossil fuels in its…