LNG

Many of the liquefied natural gas (LNG) export facilities already under construction or in planning will not be needed in the future if the world is to reach net zero greenhouse gas emissions by 2050, the International Energy Agency said in a bombshell report this week. The world’s oil and gas needs in a net…

Tim Mendelssohn, managing director and co-founder of Spark Commodities, believes the liquefied natural gas (LNG) trade needs more options to manage risk as the market continues to evolve and more players buy and sell the super-chilled fuel.  He launched Spark in early 2019 along with Charles Vallantin Dulac with the backing of commodity data and…

Without any widespread summer heat on the weather maps yet, natural gas forward prices continued to fluctuate in their recent range during most of the trading period ending May 19. A brief move above the $3.00 mark for the June contract proved fleeting, with the prompt month slipping by a penny on average, according to…

Calgary-based independents Tourmaline Oil Corp. and Topaz Energy Corp. each built stakes in the Montney Shale in separate transactions, with an eye on helping to boost liquefied natural gas (LNG) export supply.  The recent dealmaking generated C$659.5 million ($527.6 million) in northeastern British Columbia (BC) asset purchases by the two exploration and production companies. Tourmaline’s…

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…