LNG

Williams CEO Alan Armstrong said Tuesday the $50 million purchase of Southern Company’s natural gas energy trading unit Sequent Energy Management last week provides the capability to connect with more people and the opportunity to better source and deliver responsibly produced natural gas. Williams, whose natural gas infrastructure spans the deepwater Gulf of Mexico (GOM),…

Nine years after announcing tanker shipments would start in 2018, the $10 billion plan for liquefied natural gas (LNG) exports from Canada’s Atlantic coast has secured road access to its terminal site but has not begun construction. Nova Scotia Environment Minister Keith Irving granted the road permit for Goldboro LNG, and owner Pieridae Energy Ltd.…

Natural gas futures advanced for a second consecutive session on Monday, as traders mulled weather-driven demand potential, continued strong liquefied natural gas (LNG) volumes and the potential for light storage levels moving through the summer months.   The June Nymex contract advanced 3.5 cents day/day and settled at $2.966/MMBtu. July rose 3.6 cents to $3.014. Spot…

Moody’s Investors Service has upgraded its outlook for the global energy industry, citing a sustained increase in commodity prices and expectations for global economic growth to drive increased oil and gas demand over the next 12 to 18 months. The firm said it expects that, as vaccine programs become prevalent and the coronavirus outbreaks fade,…

European and Asian natural gas prices continued moving higher last week and again finished strong on Monday as the regions competed for supplies.  Lingering cold in Europe, along with a drop in pipeline imports and a rise in the Japan-Korea Marker (JKM) contract, are supporting prices on the continent, where storage inventories remain about 25%…

Chevron Corp. has regiggered its global natural gas and oil portfolio over the past year, with the priority today going to the “highest value investments,” CFO Pierre Breber said Friday.Breber shared some insight into first quarter performance and the outlook ahead during a conference call. He explained how the San Ramon, CA-based energy major has…

Riding the momentum from rallying futures prices as the natural gas market begins to look optimistically toward summer, forwards firmed by the double digits throughout much of the Lower 48 during the April 22-28 trading week, NGI Forward Look data show. With continued strength in export volumes — via liquefied natural gas (LNG) and pipeline…

Recovering natural gas and oil prices, combined with cost cutting measures, sent ExxonMobil profits soaring in the first quarter, sending a strong signal that the global economy’s thirst for energy is rising. First quarter profits jumped to $2.7 billion (64 cents/share), from a loss of $610 million (minus 14 cents) in 1Q2020 and the loss…

PAO Novatek, Russia’s largest independent natural gas producer, has contracted all of the supply from its proposed Arctic LNG 2 export project under development north of Siberia on the Gydan Peninsula. The company said it has signed 20-year sales and purchase agreements (SPA) with the project’s participants for its 19.8 million metric tons/year capacity. Arctic…