LNG Insight

European natural gas prices surged on Monday, lifted by a jump in other commodities and ongoing competition for LNG amid a tightening pool of supplies.  The prompt Title Transfer Facility (TTF) contract surged by more than 20% to finish at nearly $9/MMBtu. Monday’s sharp spike came after nine straight weeks of losses, when TTF fell…

New Fortress Energy Inc. (NFE) said last week it has obtained an export permit from Mexico’s energy ministry Sener for the offshore Altamira Fast LNG project.  The permit allows NFE to export up to 7.8 million metric tons of liquefied natural gas through April 2028, “providing ample capacity to support the operations” of the 1.4…

A federal court in Oklahoma has ordered Cheniere Energy Inc.’s Midship Pipeline Co. LLC to pay landowners nearly $170,000 plus interest for the use of private land during the pipeline’s construction.  The pipeline started flowing up to 1.1 Bcf/d of natural gas in April 2020. However, area landowners in August 2021 said pipeline construction had…

As natural gas markets restlessly awaited the arrival of more impressive cooling demand, regional forwards tumbled from coast to coast during the May 25-31 trading period, NGI’s Forward Look data show. July fixed prices at benchmark Henry Hub shed 30.6 cents for the period to end at $2.267/MMBtu. Discounts of around 25-35 cents were common…

Native and environmental traits deck a naval arm of custom-built tugboats that the first major Canadian LNG export project will launch on the northern Pacific coast of British Columbia. The HaiSea Marine partnership of Seaspan ULC and the Haisla First Nation tribal host of LNG Canada at Kitimat announced that deliveries have begun of five…

An unplanned outage that started Wednesday at Equinor ASA’s Hammerfest LNG export facility in Norway is expected to last until June 8, according to a notice submitted to Gassco, the country’s transmission system operator.

Germany’s government continues to face criticism from environmental groups for its ambitious LNG import capacity plans and for supporting natural gas at the recent G7 meeting in Japan.  Claims that Germany overestimated its liquified natural gas capacity needs have not been confirmed by the government. Two proposed onshore terminals in Stade and Wilhelmshaven, and the…

QatarEnergy has signed a 1.8 million metric ton/year (mmty), 15-year contract with Bangladesh’s national natural gas company as the marketing push for North Field LNG continues. Under the agreement, QatarEnergy’s liquefied natural gas trading arm could begin delivering cargoes to the Bangladesh Oil, Gas and Mineral Corp. (Petrobangla) starting in 2026. Supply is to be…

The Ksi Lisims LNG export project, proposed to move 12 million metric tons/year of natural gas to overseas markets from the west coast of British Columbia (BC), can achieve a net-zero carbon goal by 2030, sponsors promised in a letter to provincial authorities. Led by the Nisga’a Nation, the proposed liquefied natural gas project said…