LNG

Natural gas futures finally found their footing in the final hour of trading Thursday after an unusual government inventory report that left traders scratching their heads. Lower export levels and forecasts pointing to less heat next week also weighed on prices, but outlooks for strong demand next month on both fronts provided a late boost.…

A task force examining the safety of moving liquefied natural gas (LNG) by rail across the United States said the super-chilled fuel has been transported safely by sea and road for decades, as well as by rail in other countries, but the group noted more research is needed. The task force was convened by the…

Canada oil and gas infrastructure giants Pembina Pipeline Corp. and TC Energy Corp. on Thursday agreed to partner in the Alberta Carbon Grid (ACG) to create a commercial pathway to  reduce and store greenhouse gases. The Calgary-based pipeline companies proposed building a northern pipeline network and storage hub capable of collecting and disposing of up…

Intercontinental Exchange Inc. (ICE) is extending the forward curve for Dutch Title Transfer Facility (TTF) natural gas futures by more than 18 months following record levels of interest and strong trading activity. The TTF Gas Futures curve currently goes out to May 2029, with open interest to December 2028. ICE said Wednesday the forward curve…

The American Petroleum Institute (API) and the U.S. Chamber of Commerce joined Republican leaders in calling on the Biden administration to lift its temporary pause on federal oil and natural gas leasing after a Louisiana district court ordered the moratorium be lifted. Fourteen states in March challenged President Biden’s executive order (EO), which in January,…

After a five-day rally fueled by blistering heat and surging cash prices, natural gas futures faded on Tuesday as export volumes retreated, technical resistance loomed and traders took profits. The July Nymex contract dipped 11.2 cents day/day and settled at $3.240/MMBtu. August slid 11.1 cents to $3.256. NGI’s Spot Gas National Avg. shed 13.5 cents…

Global liquefied natural gas (LNG) buyers, hammered by high spot prices in Asia, are increasingly looking to short-term “bridge” contracts to ensure ample supply until demand is expected to cool down later this decade, according to an analysis by Wood Mackenzie. Asian spot prices are hovering around $12/MMBtu for June and July delivery as demand…

Supermajor Equinor ASA is not giving up on global natural gas and oil per se, but it is looking to give up control in Lower 48 projects and across the Americas as it optimizes the portfolio, executives said Tuesday. During the Capital Markets Day, the executive team laid out a strategy that overall is designed…

Coming off a strong run higher over the past few sessions, natural gas futures pulled back slightly in early trading Tuesday as updated weather models showed no significant changes to the temperature outlook. The July Nymex contract was off 1.5 cents to $3.337/MMBtu at around 8:45 a.m. ET. There were no major changes to the…