LNG

A roundup of news and commentary from NGI’s LNG Insight A record nine U.S. LNG cargoes were delivered to India last month, according to Kpler. That’s up from the previous record of seven U.S. arrivals last November. India has returned to the spot market as a sharp spike in Covid-19 cases has eased. Through the…

Covid-19 upended the energy markets last year, with natural gas proving to be resilient while renewables continued to surge, according to BP plc. The 70th edition of BP’s Statistical Review of World Energy 2021 issued on Thursday revealed a global energy market that transformed in 2020 unlike any year in history. Primary energy and carbon…

After cutting its dividend at the height of the pandemic last year, Royal Dutch Shell plc plans to give back to shareholders, with distributions set to rise on an improving commodity price outlook. The Anglo-Dutch supermajor previewed its 2Q2021 results on Wednesday, ahead of reporting on July 29. Shareholders had endured a dividend cut in…

Recently and soon-to-be completed infrastructure will allow natural gas imports to Mexico from the United States to grow by an estimated 10% over the 2020-2024 period, the International Energy Agency (IEA) said Monday. Gas flows via pipeline to Mexico swelled by 45% between 2016 and 2020, and rose 15% year/year during the first half of…

Malaysia’s state-owned Petroliam Nasional Berhad, aka Petronas, has struck a $7 billion liquefied natural gas (LNG) supply deal with China National Offshore Oil Corp. (CNOOC) that includes cargoes from the LNG Canada facility currently under construction in British Columbia. Under the terms of the deal, Petronas would supply 2.2 million metric tons per year (mmty)…

After June brought higher cooling demand and a widening storage deficit, the Energy Information Administration (EIA) said it is raising its projected average Henry Hub natural gas spot price to $3.21/MMBtu for 2021. The latest price forecast, published in the July edition of the agency’s Short-Term Energy Outlook (STEO), represents a 14-cent increase over the…

A long-planned megaproject to export liquefied natural gas (LNG) sourced from Alaska’s North Slope will face additional environmental scrutiny in order to comply with two executive orders from President Biden on climate change, the Department of Energy (DOE) said. DOE said last Friday (July 2) it intends to prepare a supplemental environmental impact statement (SEIS)…

Natural gas futures on Tuesday dipped lower, as traders took profits and mulled the possibility of eased near-term weather-driven demand following a punishing heat wave that permeated much of the country in late June and early this month.   The August Nymex contract shed 6.3 cents day/day and settled at $3.637/MMBtu. The prompt month had advanced…

U.S. natural gas prices finally retreated Tuesday after the longest stretch of gains in two decades, but warmer forecasts and a tight global market are seen keeping the outlook bullish. Unrelenting heat from the East to West Coasts, coupled with increasingly strong international demand for liquefied natural gas (LNG), helped the Henry Hub front month…