LNG

Natural gas spot prices at Henry Hub are poised to ascend to an average $3.42/MMBtu in January on a combination of space heating demand, rising liquefied natural gas (LNG) exports and lower production, according to updated projections from the Energy Information Administration (EIA). In its latest Short-Term Energy Outlook (STEO), published Tuesday, EIA said it…

The flurry of activity and price rally that characterized October has subsided as the global natural gas market has steadied with winter nearing.  LNG imports increased by 2% month/month in October, and for the first time since May, demand is up year/year as the market has tightened, according to Tudor, Pickering, Holt & Co. (TPH).…

Engineering firm Bechtel Corp. last month agreed to give NextDecade Corp. more time to fund its proposed Rio Grande liquefied natural gas (LNG) export project in Texas, amid a major setback that the project recently sustained. Houston-based NextDecade now has until December 21, 2021, to make positive final investment decisions (FIDs) to build up to…

Feed gas was introduced last month to the third train at Cheniere Energy Inc.’s Corpus Christi liquefied natural gas (LNG) terminal in South Texas, which is expected to produce its first LNG in the coming weeks, according to CEO Jack Fusco.  Progress on the expansion project, expected to be complete in 1Q2021, was a bright…

“Insanely tight” supply/demand balances notwithstanding, weather dominated natural gas forward markets for the Oct. 29-Nov. 4 period. With an extremely mild forecast for the next two weeks at least, prices for December and the remaining months of winter fell sharply. Smaller, single-digit losses were seen further out the curve. The steep declines mimicked the slide…

Sempra Energy’s planned portfolio of liquefied natural gas (LNG) export facilities is among the most competitive in North America, according to CEO Jeffrey Martin, who on Thursday outlined progress on the three big projects in Louisiana, Texas and Mexico. “We think we have built a strong franchise in our LNG business, and to fund its…

New Fortress Energy Inc. (NFE) has pushed back in-service dates for liquefied natural gas (LNG) projects in Mexico and Nicaragua to early next year.  The company had expected to finish an onshore LNG import terminal and merchant power plant in Baja California Sur, Mexico, and a natural gas-fired power plant in Nicaragua by the end…

Saudi Arabia Oil Co., aka Aramco, achieved record natural gas production of 10.7 Bcf/d on one day in early August from conventional and unconventional fields, management said Wednesday. The recordbreaking figure was set on Aug. 6, executives said during a third quarter conference call. There also are hints of improving demand for oil and gas.…

A regulatory decision has confirmed a victory for Enbridge Inc. in a pipeline duel with TC Energy Corp. over high-volume traffic to the first Canadian liquefied natural gas (LNG) export terminal on the Pacific coast underway by Royal Dutch Shell plc and its partners. The Canada Energy Regulator (CER) approved a C$25 million ($19 million)…