LNG

Production flat, but weather demand softens Maintenance work keeps LNG levels in check Cash prices decline amid rains and cooler temperatures Natural gas futures fell for a second straight session on Wednesday as traders contemplated weather-driven demand uncertainty, a lull in U.S. exports and estimates for the next government inventory report. The June Nymex contract…

As U.S. natural gas demand improves, Vine Energy Inc. expects its production in Northwest Louisiana to increasingly be sourced for overseas exports, the company’s CEO said Monday. The Plano, TX-based independent in the spring of 2021 took the company public to secure more investor interest in its 227,000 net acre stronghold in the Haynesville and…

After multiple ownership changes and unsuccessful attempts to land overseas sales contracts since 2008, the first Canadian effort to pioneer entry into the global liquefied natural gas (LNG) trade is losing its last participant. Australian producer Woodside Petroleum Ltd. announced Monday it would exit Kitimat LNG (KLNG) following the March decision by senior operating partner…

Forecasts for heat held, but Monday’s rally was overcooked With summer near, futures are on the cusp of sustained higher prices Cash prices lost momentum, led lower by declines in Texas Natural gas futures on Tuesday gave back a big chunk of the gains made in a weather-driven surge a day earlier. Analysts said forecasts…

The Port of Corpus Christi, a leading U.S. oil and natural gas export hub, has unveiled plans to explore green hydrogen production at its facilities in South Texas. Under a memorandum of understanding (MOU), the Corpus Christi port is partnering with finance giant Ares Management Corp. to look into the potential for building the hydrogen…

A “rebalancing” of the global liquefied natural gas (LNG) market is closer than previously thought as supply outages linger and demand continues to grow, according to Morgan Stanley Research. The rebalancing originally pegged for 2022 has “accelerated” into 2021, analysts led by Devin McDermott said. In the United States, demand growth largely driven by LNG…

After rocketing higher in the previous session, natural gas futures pared some of their recent gains early Tuesday as weather models showed upcoming heat over the eastern Lower 48 easing toward the end of the month. The June Nymex contract was down 3.5 cents to $3.074/MMBtu at around 8:45 a.m. ET. Weather models as of…

Natural gas futures surged on Monday, as bulls seized upon forecasts for a burst of early summer heat in the heavily populated Northeast and early predictions for a relatively modest storage injection. The June Nymex contract spiked 14.8 cents day/day and settled at $3.109/MMBtu. July rose 14.6 cents to $3.164. Cash prices climbed, too, led…

New Fortress Energy Inc. (NFE) is forecasting the startup by the end of June of its liquefied natural gas (LNG) import terminal and associated 135 MW power plant in Mexico’s Baja California Sur (BCS) state. The small-scale terminal at the Port of Pichilingue in La Paz will have a processing capacity of 1.8 million gallons/day,…