NextDecade Corp. announced its third long-term contract with a Chinese company for liquefied natural gas (LNG) offtake as it prepares to possibly sanction the first two trains of its Rio Grande LNG project this year. Houston-based NextDecade disclosed Tuesday it has clinched a 1.0 million metric ton/year (mmty), 20-year sales and purchase agreement (SPA) with…
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Bloom Energy Revs Up Natural Gas, Hydrogen in Europe With Ferrari Behind the Wheel
Ferrari SpA has become the frontrunner in Bloom Energy Corp.’s race to expand into Europe after the luxury sports car manufacturer announced it has installed solid oxide fuel cells at its headquarters in Maranello, Italy. The Bloom Energy Server 5 now generates about 5% of the energy needed at the facility, with the potential for…

Moderating Heat by Mid-July Helps Pressure Natural Gas Futures Lower in Early Trading
In the aftermath of last week’s heavy sell-off, natural gas futures were trading lower early Tuesday as forecasts shed cooling demand over the weekend. The August Nymex contract was off 35.5 cents to $5.375/MMBtu as of around 8:45 a.m. ET. The outlook for the natural gas market was “surprisingly stable” over the extended Fourth of…

Wounded Bulls Eke Out 30-Cent Gain for Natural Gas Futures, but Cash Dragged Lower
After a brutal slashing, natural gas bulls licked their wounds and managed to churn out a respectable rebound along the natural gas futures curve to close out the week. The August Nymex futures contract settled Friday at $5.730/MMBtu, up 30.6 cents on the day. September futures climbed 32.0 cents to $5.712. At A Glance: Market…

U.S. Drilling Total Slides on Drop in Natural Gas Activity
The U.S. natural gas rig count fell four units to 153 during the week ended Friday (July 1), offsetting a one-rig increase in the oil patch to drop the overall domestic tally three units to 750, the latest numbers from Baker Hughes Co. (BKR) show. The 750 active U.S. rigs as of Friday compares with…

SCOTUS Ruling on Power Plant Emissions Seen as Warning to Federal Agencies to Tread Lightly
This week’s Supreme Court ruling in the case of West Virginia v. Environmental Protection Agency (EPA) should be interpreted as a warning to federal agencies not to overstep their explicit statutory authority in crafting regulations, according to legal and energy experts. At the heart of the case was whether EPA had legal authority under section…

Natural Gas Forwards Free Fall on Prolonged Freeport LNG Outage
As demand destruction from the Freeport liquefied natural gas (LNG) terminal outage continued to loosen balances, strong summer heat failed to prevent natural gas forwards from falling during the June 23-29 trading period. Fixed prices for August delivery at benchmark Henry Hub tumbled 37.4 cents during the period to average $6.499/MMBtu, NGI’s Forward Look data…

Russia Moves for Control of Sakhalin-2 LNG, Jeopardizing Foreign Ownership Stakes
Russia is moving to further tighten its grip on the nation’s oil and natural gas supplies, issuing a decree for the country to take over the Sakhalin-2 liquefied natural gas (LNG) export project on Sakhalin Island north of Japan. An executive order signed by Russian President Vladimir Putin to “protect the national interests” calls for…

Long-planned Alaska LNG Project Wouldn’t Increase Greenhouse Gas Emissions, DOE Says
The Alaska liquefied natural gas (LNG) terminal project would not have an impact on greenhouse gas (GHG) emissions if constructed, according to the latest analysis from the Department of Energy (DOE). DOE in late June published its draft supplemental environmental impact statement (EIS) for the Alaska LNG project (DOE/EIS-0512-S1). Researchers found that with mitigations already…

LNG Market Volatility Continues as European Supply Risk Grows
MADRID (ICIS) – Spot LNG prices in Asia rose on 30 June but remained at a discount to the European TTF, following the highest TTF front-month price since 9 March.