LNG

The La Niña pattern that settled over the United States last month stands to prop up gas demand this winter if the chilly forecast for the northern states holds true. However, in an era in which Lower 48 demand is now largely influenced by dynamics overseas, the current lack of signaling for a cold winter…

If growth projections are expected to be realized for liquefied natural gas (LNG) in the coming decades, more must be done to ensure its role in displacing coal and aiding the energy transition, according to some experts.  The Asian market is seen as a key to LNG’s future growth and a global goal of reducing…

Natural gas forward prices recorded another week in the red as feed gas demand to Gulf Coast export facilities remained low after Hurricane Laura shuttered operations at two key gas export terminals. Though operations have since resumed at the Sabine Pass liquefied natural gas (LNG) facility and feed gas has risen, the damage to prices…

Forecasts showing weaker weather-driven demand, set against a backdrop of concerns over a storage glut entering the final weeks of the injection season, saw natural gas futures extend their recent losses in early trading Friday. The October Nymex was down 3.4 cents to $2.289/MMBtu at around 8:40 a.m. ET. November was off 3.1 cents to…

Natural gas futures dropped lower Thursday after the latest government report on gas stockpiles showed that storage is filling quickly as cooler fall temperatures sweep over swaths of the Lower 48. The October Nymex contract settled at $2.323/MMBtu, down 8.3 cents day/day. November fell 7.5 cents to $2.798. NGI’s Spot Gas National Avg. fell 15.5…

Natural gas forward prices recorded another week in the red as feed gas demand to Gulf Coast export facilities remained low after Hurricane Laura shuttered operations at two key gas export terminals. Though operations have since resumed at the Sabine Pass liquefied natural gas (LNG) facility and feed gas has risen, the damage to prices…

The Delaware River Basin Commission (DRBC) on Thursday voted to suspend approval for key parts of a small liquefied natural gas (LNG) export project in New Jersey.  The DRBC, a quasi-regulatory agency involving four states and the U.S. government that oversees the Delaware River watershed, stayed the decision it made last summer allowing a New…

The U.S. Energy Information Administration (EIA) on Thursday reported an injection of 70 Bcf natural gas storage for the week ending Sept. 4, aligning with forecasts and easing early pressure on Nymex natural gas futures. Ahead of the report, a Bloomberg survey found estimates ranging from 60 Bcf to 73 Bcf, with a median of…

The Canadian government vowed Wednesday to attempt to salvage a mothballed C$2.2 billion ($1.6 billion) oil project offshore Newfoundland that the coronavirus pandemic threatens to sink. Rescue talks are underway, said Natural Resources Minister Seamus O’Regan, after Husky Energy Inc. teamed up with business and labor supporters to broadcast a group call for help for…