LNG

Consumption in the industrial sector is expected to drive a 3.2% year/year (y/y) increase in global natural gas demand during 2021, according to a second quarter Gas Market Report published by the International Energy Agency (IEA). This compares with a 2.8% increase forecast in the 1Q2021 report, IEA’s inaugural offering in the series. The projected…

Stronger-than-expected demand for natural gas across the world as the shoulder season gets underway is lifting sentiment in the shipping market, where rates to charter vessels are creeping upward.  “We are witnessing a rare scenario as the start of 2Q2021 has been rather exciting compared to previous years,” analysts at shipbroker Fearnleys AS said this…

Natural gas futures traded in the green much of Wednesday, lifted by colder weather trends that pointed to increased heating demand through the second half of April. Near-record liquefied natural gas (LNG) levels continued to provide price support as well. But a sixth-straight day of gains proved elusive as traders took profits late in the…

A coterie of European natural gas infrastructure companies this week expanded its vision for an extensive network of hydrogen pipelines to meet the continent’s future energy needs.  The European Hydrogen Backbone (EHB) initiative, which consists of 23 natural gas transmission system operators, proposed in a report released Tuesday building a nearly 25,000-mile hydrogen grid. Growth,…

Cooler shifts in the latest weather data helped natural gas futures extend their recent upward momentum in early trading Wednesday. After adding 5.8 cents in the previous session, the May Nymex contract was trading 2.7 cents higher to $2.646/MMBtu at around 8:45 a.m. ET. Colder trends over the previous 24 hours from both the American…

Natural gas futures advanced again Tuesday as robust liquefied natural gas (LNG) levels fueled demand optimism and a dose of chilly weather bolstered cash prices.   The May Nymex contract climbed 5.8 cents day/day and settled at $2.619/MMBtu – the fifth straight day of gains. June rose 5.3 cents to $2.696. NGI’s Spot Gas National Avg.…

More than 300 businesses and investors, including U.S. utilities and energy infrastructure giants, have signed an open letter to President Biden urging the administration to nearly double the U.S. commitments in targeted reductions for greenhouse gas (GHG) emissions. The letter’s 310 signatories represent more than $3 trillion in annual revenue and $1 trillion-plus in assets…

French supermajor Total SE is partnering with German engineering firm Siemens AG to explore ways to lower carbon emissions at liquefied natural gas (LNG) sites. Total said Tuesday it had signed a technical collaboration agreement with the Siemens Energy subsidiary to study “sustainable solutions” for carbon dioxide (CO2) reduction, with a focus on LNG facilities…

Natural gas futures extended their recent gains in early trading Tuesday amid continued expectations for chilly temperatures over the next week and a half. After picking up 3.5 cents in the previous session, the May Nymex contract was up another 3.0 cents to $2.591/MMBtu at around 8:50 a.m. ET. The overnight run of the American…