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,…

Natural gas prices in Europe and Asia pressed higher last week, topping multi-month highs and continuing a bull run that has persisted for much of the spring.  In Europe, prompt prices notched their third straight week of gains. The Title Transfer Facility contract broke through $9.00/MMBtu and closed well beyond that mark most of the…

Global liquefied natural gas (LNG) supplier and electricity generator New Fortress Energy Inc. (NFE) is partnering in a new company dedicated to producing hydrogen and renewable fuels as it aims to become a leading global provider of carbon-free energy.  NFE has partnered with affiliate Fortress Transportation and Infrastructure Investors LLC (FTAI) on a joint venture…

“There is a stoppage of energy investment in Mexico currently, where the attitude of investors is to wait before expanding existing projects or developing new ones,” Balam Energy CEO Carlos Tapia told NGI’s Mexico Gas Price Index.  Tapia, who opened the consultancy Balam Energy in 2019, has more than 20 years of experience working on…

Malaysia’s state-owned Petroliam Nasional Berhad, aka Petronas, has increased its ownership of Montney shale production destined for liquefied natural gas (LNG) exports from British Columbia (BC) and added a Canadian price benchmark to its international marketing. Japan Petroleum Exploration Co. Ltd. (Japex) announced that it would sell its 10% share in a BC supply partnership…

Though widespread summer heat keeps getting kicked down the road, natural gas forward prices strengthened for the trading period ending May 12 as export demand led markets higher. June forwards rose an average 4.0 cents, with similar gains seen through next winter (November 2021-March 2022), according to NGI’s Forward Look. Larger increases were seen in…

With the latest government inventory data showing Lower 48 stockpiles falling further behind historical norms, natural gas futures climbed a couple cents higher in early trading Friday. The June Nymex contract was up 2.3 cents to $2.996/MMBtu at around 8:45 a.m. ET. The Energy Information Administration (EIA) on Thursday reported an injection of 71 Bcf…