LNG

Sempra has scaled back plans to expand the Cameron liquefied natural gas (LNG) export facility in Louisiana, citing design innovations and the “high performance” of the existing three-train plant. The expansion originally called for two trains and two new storage tanks, adding 9.97 million metric tons per year (mmty) of capacity. However, Sempra (formerly Sempra…

Baltic Exchange CEO Mark Jackson believes the nearly 300-year-old organization “sells trust” to the maritime industry, something that has factored heavily into its entry into the liquefied natural gas (LNG) market.  Founded in 1744, the Baltic had its beginnings in the coffee houses of London where merchants and shipowners met. It provided rules for backroom…

A roundup of news and commentary from NGI’s LNG Insight Russia did not book additional interruptible pipeline transportation capacity for July through Ukraine at the Sudzha entry point at an auction Tuesday. It was the third month in a row that Gazprom PJSC elected not to take interruptible capacity to move more supplies to Europe.  …

FERC staff has issued an overall favorable draft environmental impact statement (DEIS) for a pipeline and related equipment to supply feedstock to one of Venture Global LNG Inc.’s planned liquefied natural gas (LNG) projects in Louisiana, though there was no conclusion regarding the impact on climate change. In the DEIS made public last week, the…

Propelled by strong summer heat and associated cooling demand, natural gas futures showed no signs of losing momentum early Tuesday. Even after several straight sessions of gains, bulls remained in control early, sending the August Nymex contract 11.9 cents higher to $3.712/MMBtu at around 8:45 a.m. ET. The August contract surged 7.3 cents higher in…

A seven-day rally in European natural gas prices ended Monday as the Dutch Title Transfer Facility contract declined across the curve through the end of the year.  Still, prices remain strong, with the contract holding above $11/MMBtu. The market will turn its attention to a Tuesday auction for Russia to take additional pipeline transportation capacity…

Natural gas traders shrugged off a cooler change to forecasts over the weekend, sending prices rallying early Monday ahead of prompt month expiration. The expiring July contract was up 5.7 cents to $3.553/MMBtu at around 8:50 a.m. ET. August was up 5.6 cents to $3.576. There are “conflicting forces at work” in the natural gas…

With the western United States now in its second year of a widespread drought, the extraordinarily low water levels at some of the critical reservoirs are adding a layer of uncertainty to electric reliability this summer. The power generated from the West’s fleet of hydroelectric generating facilities is on pace to be much lower than…

The cost of supplying U.S. liquefied natural gas (LNG) to Asia has spiked this year, but with a shortage of natural gas to meet widespread demand across the world, that is likely to have little impact on output that is expected to reach record highs. An analysis by Rystad Energy found that the short-run marginal…