LNG Insight

Exports Have Little Impact on Rising U.S. Natural Gas Prices, CLNG Says

Exports Have Little Impact on Rising U.S. Natural Gas Prices, CLNG Says

U.S. liquefied natural gas (LNG) exports are not to blame for the sharp spike in Henry Hub prices, according to a leading trade group.  “The idea that LNG is having some outsized impact on price is mathematically impossible when we actually start to dig into this,” said Executive Director Charlie Riedl of the Center for…

October 19, 2021
Winter Heating Costs for U.S. Natural Gas Expected to Rise Sharply

Winter Heating Costs for U.S. Natural Gas Expected to Rise Sharply

American households can expect significant increases in home heating costs this winter, including a 30% increase in natural gas expenditures versus last winter, according to the U.S. Energy Information Administration (EIA). The agency said as part of its latest Short-Term Energy Outlook (STEO) that it expects a 3% increase in average U.S. heating degree days…

October 19, 2021
Russia Limits Additional Natural Gas Deliveries to Europe, Sending Prices Higher — LNG Recap

Russia Limits Additional Natural Gas Deliveries to Europe, Sending Prices Higher — LNG Recap

European natural gas prices jumped Monday after Russia booked little additional pipeline capacity to move more supplies to the continent next month. Gazprom PJSC booked no additional capacity for November through Ukraine during an auction Monday. The company took only about 35% of the available capacity via Belarus and Poland next month. The auction’s results…

October 18, 2021
Fewer Levers to Pull in Response to High Natural Gas Prices, Say Experts

Fewer Levers to Pull in Response to High Natural Gas Prices, Say Experts

The ability of North America’s natural gas market to respond to price spikes this winter may be limited on both the supply and demand sides of the equation, according to experts. In recent years, Lower 48 gas producers would typically respond to high prices by ramping up output. However, the response to the current price…

October 16, 2021
China’s Thirst for Natural Gas to Test an Already Stretched Energy Market This Winter

China’s Thirst for Natural Gas to Test an Already Stretched Energy Market This Winter

While the prospect of a cold winter is threatening to send an energy market already in crisis spiraling further, efforts in China to secure the supplies it needs to get through the season could make matters worse. China is the world’s largest energy consumer, and it has rapidly transformed into a natural gas-buying behemoth in…

October 15, 2021
Natural Gas Forwards Retreat on Shrinking U.S. Storage Deficit; Global Market Raises Stakes

Natural Gas Forwards Retreat on Shrinking U.S. Storage Deficit; Global Market Raises Stakes

A narrowing Lower 48 storage deficit saw natural gas forwards ease lower during the Oct. 7-13 trading period, even as global supply anxieties continued to ripple through the domestic market. Front-month forwards at benchmark Henry Hub closed out the trading period 8.7 cents lower week/week amid continued volatility in the market ahead of winter. The…

October 15, 2021
Europe’s Gate LNG Terminal Adding Import Capacity to Meet Growing Demand

Europe’s Gate LNG Terminal Adding Import Capacity to Meet Growing Demand

The Gate liquefied natural gas (LNG) import terminal in the Netherlands plans to add another 1 billion cubic meters (Bcm) of annual regasification capacity to serve growing demand.  The expansion would boost overall capacity at the facility to 13.5 Bcm annually, or roughly 477 Bcf/year, along with recently announced expansions. The additional send-out capacity is…

October 14, 2021

Biden Administration Says U.S. LNG Needed Across World — The Offtake

A roundup of news and commentary from NGI’s LNG Insight U.S. natural gas exports are needed across the world as buyers face shortages, the Biden administration said. “There’s a natural gas shortage around the world, hence the need for the United States to continue to export natural gas,” said White House Press Secretary Jen Psaki…

October 14, 2021
BC Seeking to Modernize Natural Gas, Oil Royalty System with Assessment Review

BC Seeking to Modernize Natural Gas, Oil Royalty System with Assessment Review

With fossil fuel prices rising and liquefied natural gas (LNG) export facilities under construction to propel industry growth, British Columbia (BC) has launched an overhaul of its notoriously complicated natural gas and oil royalties. “The BC royalty system for natural gas and oil is broken,” according to a government-commissioned preliminary report. The assessment was done…

October 14, 2021

Cove Point LNG Maintenance Ends, Sending U.S. Feed Gas Volumes Higher — The Offtake

A roundup of news and commentary from NGI’s LNG Insight Annual maintenance at the Cove Point LNG terminal in Maryland has concluded after 21 days. Feed gas flows to the terminal returned to their pre-work levels Tuesday. Overall, U.S. feed gas deliveries were nominated at 11.2 Bcf early Wednesday, up by roughly 1 Bcf from…

October 13, 2021
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