LNG Insight

Global natural gas prices climbed higher Monday amid supply disruptions and sweltering heat.  Gains for the Henry Hub contract led the way, as the U.S. benchmark traded near a three-year high Monday with the hottest weather of the summer in the United States on the way Tuesday.  Henry Hub picked up where it left off…

Chart Industries Inc. CEO Jill Evanko expressed optimism on Thursday that up to four large U.S. liquefied natural gas (LNG) export projects could be sanctioned early next year following a flurry of activity in the past two months. Evanko said she was “very bullish on one to four U.S. Gulf Coast export projects that already…

With the scorching temperatures the South Central United States is used to seeing in the summer finally starting to build, and production lagging recent highs, August natural gas forward prices soared 32.0 cents on average during the trading period ending July 21, according to NGI’s Forward Look. Price gains were just as impressive for the…

A roundup of news and commentary from NGI’s LNG Insight Typhoon In-fa was moving over Japan’s southern islands Friday ahead of a projected landfall in China Sunday or Monday in Zhejiang. Bloomberg reported that gas distributor ENN Group Co. Ltd. had to halt LNG truck deliveries from its Zhoushan terminal Friday due to the typhoon’s…

Australian liquefied natural gas (LNG) exporter Santos Ltd. saw sales volumes and revenue from the super-chilled fuel drop in 2Q2021 following the sale of a chunk of its ownership in the Darwin LNG plant in the northern part of the country. Santos said Thursday it logged 1.04 million metric tons (mmt) in LNG sales volumes…

Even amid declines associated with the Covid-19 pandemic, the United States maintained its status as the globe’s leading producer of petroleum and natural gas in 2020, a recent analysis from the Energy Information Administration (EIA) shows. Domestic petroleum and natural gas output fell year/year in 2020 after reaching record highs in 2019, EIA said in…

The United States and Germany have reached a compromise on Russia’s Nord Stream 2 (NS2) pipeline, clearing a path for the project to finish unencumbered.  In a joint statement issued Wednesday, the countries pledged their support for Ukraine and agreed to sanction Russia if it uses the pipeline or energy supplies for geopolitical advantage. “The…

Quebec upheld its reputation as no-go territory for fossil fuel projects Wednesday by denying environmental approval for a US$10.6 billion liquefied natural gas (LNG) export plan. GNL Quebec’s proposed Energie Saguenay terminal and Gazoduq pipeline failed to prove it would cut global greenhouse gas emissions, provincial Environment Minister Benoit Charette said in announcing the rejection.…

Woodside Petroleum Ltd. has entered a trio of sale and purchase agreements (SPA) to supply liquefied natural gas (LNG) sourced from its Pluto facility via truck to power Western Australia’s remote mining industry. Woodside said last week it and joint venture partner EDL had inked a 10-year SPA with miner Strandline Resources Ltd. to supply…