LNG

A Sempra Energy affiliate has launched a nonbinding open season to gauge interest in natural gas storage capacity that would feed export terminals on the Gulf Coast.  Sempra LNG launched the open season Tuesday for its proposed Hackberry Gas Storage project in Hackberry, LA. The facility would be on a 160-acre parcel and would include…

A roundup of news and commentary from NGI’s LNG Insight Feed gas deliveries to Sabine Pass and Cameron LNG terminals were still near zero after Hurricane Laura, dragging down prompt U.S. gas prices as restart timelines remained unclear. “The main issue at this point is the timeframe for restoring power” at the terminals, said EBW…

U.S. liquefied natural gas (LNG) exports will likely reach capacity of roughly 10 Bcf/d by the winter after dropping to about 30% of capacity in July because of the demand devastation caused by Covid-19, analysts told NGI this week. Some analysts see capacity ramping through the end of the year, while others expect a sharp…

Natural gas futures were trading sharply lower early Wednesday as analysts warned of a potentially prolonged post-Hurricane Laura demand recovery. The October Nymex contract was off 8.8 cents to $2.439/MMBtu at around 8:50 a.m. ET. It could take weeks for natural gas demand along the Gulf Coast to return to pre-Laura levels, according to estimates…

Golar LNG Ltd. said a joint venture it formed with New York City-based Stonepeak Infrastructure Partners has filed for an initial public offering with the U.S. Securities and Exchange Commission (SEC) to better build out import terminals and downstream natural gas assets across the world.   Hygo Energy Transition Ltd., formerly known as Golar Power Ltd.,…

Tokyo Gas Co. Ltd., one of the largest buyers of liquefied natural gas (LNG) in Japan, said Tuesday that it has established a new company to more actively trade the super-chilled fuel as it looks to strengthen its hand in the global market.  TG Global Trading Co. Ltd. (TGT) has been established to build on…

U.S. liquefied natural gas (LNG) exports fell by 23.2% in June compared to the same month last year, their first year/year (y/y) decline since January 2016, according to the latest monthly data compiled by the Energy Information Administration (EIA). Total natural gas exports dropped by 6.1% to 11.3 Bcf/d, the first annual decline for any…

With lingering uncertainty over how quickly liquefied natural gas (LNG) demand will recover following Hurricane Laura, gas futures were trading several cents lower early Tuesday. The October Nymex contract was down 7.0 cents to $2.560/MMBtu at around 8:45 a.m. ET. The October contract fell to as low as $2.497 in Monday’s session amid signs of…

What initially appeared to be a substantial retracement for natural gas futures ultimately turned out to be a much smaller pullback to start the week. After bouncing off a $2.497/MMBtu intraday low, the October Nymex gas futures contract settled Monday at $2.630, off only 2.7 cents from Friday’s close. November finished four-tenths of a cent…