LNG

Big basis moves in Appalachia and on the West Coast highlighted natural gas forwards trading during the June 3-9 period, while a sufficiently hot forecast helped propel a broader move higher for the Lower 48 overall, according to NGI’s Forward Look. Fixed prices for July delivery were higher week/week by around 10-15 cents at numerous…

Big basis moves in Appalachia and on the West Coast highlighted natural gas forwards trading during the June 3-9 period, while a sufficiently hot forecast helped propel a broader move higher for the Lower 48 overall, according to NGI’s Forward Look. Fixed prices for July delivery were higher week/week by around 10-15 cents at numerous…

Cheniere Energy Inc., the largest producer of liquefied natural gas (LNG) in the United States, is partnering with some of the country’s leading oil and natural gas producers to better understand and cut greenhouse gas emissions (GHG) upstream from its export terminals.  The project brings together Aethon Energy Management, Ascent Resources Utica LLC, EQT Corp.,…

The oil and gas sector could bear the brunt of efforts by multinational corporations to offload their highest-emitting suppliers in the coming years as they seek to green up their carbon profiles, according to UK financial services firm Standard Chartered. The firm, which surveyed 400 sustainability and supply chain experts at multinationals across the globe,…

An international regulatory body is set to finalize decarbonization guidelines for about 50,000 commercial vessels across the world later this month, but liquefied natural gas (LNG) ship owners are not waiting to upgrade their fleets. LNG carrier owners are already searching for ways to comply with the coming International Maritime Organization (IMO) decarbonization rules, which…

Robust needs for U.S. exports across Asia, Europe and Mexico – coupled with expectations for another sizzling summer domestically – could keep supply/demand balances tight and upward price pressure firmly in place this summer, industry experts said. The upbeat outlook developed across an LDC Gas Forums Southeast conference panel moderated Tuesday by NGI’s James Alston,…

Further “green shoots” are emerging in the liquefied natural gas (LNG) market as buyers and sellers ink more long-term supply deals after a stretch of inactivity over the past two years amid a supply glut and the pandemic, according to Evercore ISI.  Evercore analysts led by Sean Morgan said Tuesday the European Title Transfer Facility…

Another change in the weather data, this time more supportive for gas demand, sparked a rebound in natural gas futures on Tuesday. Strong cash prices and a large dip in production aided in the rally, which resulted in the July Nymex futures contract jumping 5.8 cents to settle at $3.128. August climbed 5.1 cents to…

The Energy Information Administration (EIA) has raised its expected average 2021 Henry Hub natural gas spot price to $3.07/MMBtu, which would come in more than $1 above the $2.03 average recorded in 2020. In the June edition of its Short-Term Energy Outlook issued Tuesday, the agency said it expects the average spot price at the…