An early rally Monday on expectations for increasing heat across much of the Lower 48, including temperatures in excess of 100 over swaths of the West Coast, fizzled in afternoon trading after a new mid-range weather outlook disappointed. The latest American model still showed near-term heat but cooler-than-previously-expected forecasts for early July that could reduce…
LNG
Articles from LNG
LNG Recap: U.S. Feed Gas Deliveries Rebound, but More Cargo Cancellations Likely
Feed gas deliveries to U.S. liquefied natural gas (LNG) export terminals finally jumped back up on Monday after sitting below 4 Bcf/d for nearly two weeks. For the evening cycle for Monday’s gas day, Genscape Inc. estimates showed a 550 MMcf day/day jump in feed gas demand to more than 4 Bcf/d overall. “Most notably,…
Coastal GasLink to Start Laying Pipe for LNG Canada This Summer
After surviving protests and the Covid-19 pandemic, Coastal GasLink (CGL) plans to start laying pipe for the only liquefied natural gas (LNG) export project underway on the northern Pacific coast of British Columbia (BC). CGL said construction employment would roughly triple to peak at more than 2,500 in September as work accelerates along the 416-mile…
LNG Demand Gains Boost Natural Gas Futures Early
Hotter weather trends over the weekend and an increase in liquefied natural gas (LNG) feed gas demand lifted natural gas futures prices in early trading Monday. The July Nymex contract was up 3.1 cents to $1.700/MMBtu at around 8:35 a.m. ET. For the evening cycle for Monday’s gas day, Genscape Inc. estimates showed a 550…
NGI The Weekly Gas Market Report
FERC Seeks Answers on New Fortress LNG Terminal Built in Puerto Rico Without Federal Approval
FERC has ordered New Fortress Energy LLC (NFE) to explain why it built and brought online a liquefied natural gas (LNG) import terminal in San Juan, Puerto Rico, without Commission approval.
U.S. Issues Final Rule Authorizing Widespread Transport of LNG by Rail
Federal regulators on Friday issued a final rule that would allow the bulk transport of liquefied natural gas (LNG) in specialized rail tank cars in what could prove a boon for small-scale projects across the United States.
Natural Gas Futures Flat Following On-Target Storage Build, Ongoing Coronavirus Fallout
Natural gas futures traded in a narrow range of gains and losses Thursday and ultimately finished flat after traders absorbed a relatively bullish storage report that offset weather and demand uncertainty. The July Nymex contract settled at $1.638/MMBtu. August rose one-tenth of cent to $1.728.
NGI The Weekly Gas Market Report
U.S. Led Global Natural Gas Output, Trade in 2019, but Transition to Renewables Clear, Says BP
Global natural gas consumption climbed 2% in 2019, less than half 2018’s remarkable 5.3% increase, but its share in primary energy demand jumped to a record high of 24.2%, BP plc said Wednesday in its annual review.
NGI The Weekly Gas Market Report
Tellurian Delays Driftwood FID, May Drop Permian Pipeline Plan
Liquefied natural gas (LNG) developer Tellurian Inc. has delayed a final investment decision (FID) on its proposed Driftwood LNG export terminal by one year to 2021 and may drop plans to build a $4.2 billion pipeline to bring Permian Basin supply to the first phase of the project, the company’s chief said Tuesday.
NGI The Weekly Gas Market Report
As Chinese LNG Imports Increase, U.S. Gains Market Share
China’s liquefied natural gas (LNG) imports have continued to increase and are above 2019 levels year-to-date as spot prices in the region have plummeted, U.S. import tariffs have been waived and industrial demand recovers from the pandemic.