LNG

Fueled by unrelenting heat across Pacific Northwest, Western Canada and the East Coast, natural gas forwards surged in the trading period ending June 30, according to NGI’s Forward Look. August prices shot up an average 19.0 cents over the six-day period, led by an astounding C28.0-cent climb at NOVA/AECO C. The stout gains continued throughout…

A roundup of news and commentary from NGI’s LNG Insight Chevron Corp. said Friday it would move ahead with a $4 billion project to boost compression from its Jansz-Io field in Australia. The project would take about five years to complete and is aimed at maintaining supplies to the three liquefaction trains at the company’s…

The developer of the proposed Goldboro liquefied natural gas (LNG) project on Canada’s east coast has announced an evaluation of “strategic alternatives” for the $10 billion development after it missed a deadline to sanction the project June 30. “We have not been able to meet all of the key conditions necessary to make a final…

Sempra executives on Tuesday (June 29) said bringing the initial phase of the Energía Costa Azul (ECA) liquefied natural gas (LNG) project online in Baja California, Mexico was a top priority, but also said they are already looking at ways to lower the cost of a planned expansion.  “It’s an optimization game,” Sempra LNG CEO…

Amid lower cooling demand expectations from the latest round of forecasts, natural gas futures pulled back in early trading Friday. The August Nymex contract was down 1.2 cents to $3.649/MMBtu at around 8:45 a.m. ET. Both the American and European weather models dropped cooling demand from the outlook overnight, according to NatGasWeather. “Most of the…

Fueled by unrelenting heat across Pacific Northwest, Western Canada and the East Coast, natural gas forwards surged in the trading period ending June 30, according to NGI’s Forward Look. August prices shot up an average 19.0 cents over the six-day period, led by an astounding C28.0-cent climb at NOVA/AECO C. The stout gains continued throughout…

Qatar Petroleum (QP) has inked another long-term sales and purchase agreement (SPA) to supply Royal Dutch Shell plc with 1 million tons (Mt) of liquefied natural gas (LNG).  Under the deal, QP would begin providing Shell with supplies from its Qatargas 1 trains beginning in January for 10 years. Shell would then deliver the cargoes…

A roundup of news and commentary from NGI’s LNG Insight A global commodity rally continued Thursday. Dutch gas futures soared to an all-time record by jumping above $12/MMBtu, while spot LNG prices in North Asia were assessed near $14. In the United States, the Henry Hub prompt contract increased by 1 cent to close at…

Morgan Stanley & Co. LLC has lifted its forecast for key natural gas benchmarks in Asia, North America and Europe amid surging demand, limited supply and low natural gas storage inventories across the world.  Morgan Stanley analysts led by Devin McDermott said global gas demand continues to “surprise to the upside,” particularly in China. Gas…