LNG

Fresh off a record-setting Nor’easter that dumped more snow along the upper East Coast than all the snowstorms in 2019 combined, natural gas forward prices finally snapped a three-week losing streak. January prices jumped 22.0 cents on average between Dec. 10 and 16, while the balance of winter (January-March) climbed 18.0 cents, according to NGI’s…

BP plc and Reliance Industries Ltd. have ramped up production from the first of a trio of ultra-deepwater natural gas fields offshore India that could meet the country’s rapidly expanding energy needs and reduce the need for imports. The R Cluster project in Block KG D6 is about 60 kilometers (37 miles) off the east…

Fresh off a record-setting Nor’easter that dumped more snow along the upper East Coast than all the snowstorms in 2019 combined, natural gas forward prices finally snapped a three-week losing streak. January prices jumped 22.0 cents on average between Dec. 10 and 16, while the balance of winter (January-March) climbed 18.0 cents, according to NGI’s…

U.S. liquefied natural gas (LNG) developers are anticipating that 2021 will be much different than 2020. Covid-19 and uncertain long-term economics dashed the plans for a number of U.S. gas export projects to make a positive final investment decision (FID) this year. Most of those projects pushed their planned FID dates into 2021, with the…

Chart Industries Inc. has agreed to acquire Utah-based Sustainable Energy Solutions Inc. (SES) for $20 million in cash in a deal that would allow it to expand into carbon capture for liquefied natural gas (LNG) producers. Atlanta-based Chart said this week it has signed a letter of intent to acquire SES, but added that the…

After an earlier dip, natural gas futures recovered to ultimately close out Wednesday’s session nearly flat as the prospects for more cold in early January appeared to dim.  With a sharp increase in liquefied natural gas (LNG) demand and the potential for a much larger-than-normal storage withdrawal, the January Nymex contract settled at $2.677, down…

After sinking to their lowest levels in more than two years over the summer, U.S. liquefied natural gas exports surged to a record high in November, according to the Energy Information Administration (EIA). The agency said U.S. LNG exports reached 9.4 Bcf/d last month, surpassing the previous record set in January on strong global demand…

A plan to build the first liquefied natural gas (LNG) bunkering terminal along the U.S. Gulf Coast is progressing through the permitting process by initiating a water suitability assessment with the U.S. Coast Guard (USCG). Pilot LNG LLC’s proposed Galveston LNG Bunker Port (GLBP) project would comprise an LNG production vessel that would be permanently…

A utility plant trip that knocked out Cameron LNG’s three liquefaction trains earlier this week has been fixed, a spokesperson said.  It’s unclear what caused the incident, but Cameron said Tuesday the outage occurred overnight. “The issue is now resolved, and the operations team is in the process of restarting the trains,” said spokesperson Anya…