International

European natural gas prices again charged higher on Monday, setting new records amid freezing temperatures forecast this week and the prospect of limited supplies as the winter unfolds.  The Dutch Title Transfer Facility (TTF), a European gas benchmark, maintained a rare premium to the Japan-Korea Marker (JKM) in Asia. Both the January and February TTF…

Honeywell International Inc. said it will collaborate with the University of Texas at Austin (UT) to commercialize a lower cost carbon capture technology for the power generation and industrial sectors. The project was developed by researchers at UT’s Texas Carbon Management Program (TxCMP). An advanced amine solvent “enables carbon dioxide (CO2) to be captured at…

The last year has been a chaotic one for the liquefied natural gas (LNG) trade, and it could be a preview of what’s to come in the years ahead as the super-chilled fuel is further commoditized, according to Flex LNG Ltd. CEO Oystein Kalleklev.  Flex owns a fleet of 13 LNG carriers. Like others in…

Shipping congestion that has slowed passage through the Panama Canal since last year amid strong demand for liquefied natural gas (LNG) and other goods between Asia and the United States has finally eased, after wait times peaked at 16 days for vessels with unreserved slots.  The historic cold that left Asian inventories depleted last winter…

NGI’s Mexico GPI has narrowed down an eventful year to the five key stories that defined Mexico’s natural gas market in 2021. These stories are:

Rising coronavirus cases driven by the new Omicron variant are expected to curb but not derail a global recovery in oil demand, the International Energy Agency (IEA) said Tuesday in its latest Oil Market Report for December.   IEA noted that cases are climbing across many regions of the world in the wake of Omicron outbreaks…

Egypt is moving forward with its plans to become a regional natural gas hub as its two liquefied natural gas (LNG) plants are running at full capacity for the first time in more than a decade.   Egypt’s Petroleum Minister Tarek El Molla told news media at the East Mediterranean Gas Forum last month that the…

British Columbia (BC) is poised to overtake Alberta and become the top source of Canadian natural gas as of 2028, the Canada Energy Regulator (CER) said in its latest annual industry review. The liquids-rich Montney Shale deposit, which fuels all drilling in BC and extends east into Alberta, could account for three-quarters of Canadian gas…

A chillier weekend forecast lifted natural gas futures back above $4.000/MMBtu early in Monday’s session. The gains, however, were not to last as subsequent weather data backed off the cold and sent the January Nymex gas futures contract tumbling 13.1 cents to $3.794. February slid 12.8 cents to $3.761. Spot gas prices were higher to…