LNG Insight

Australia Unveils Plan to Ensure Domestic Natural Gas Demand Is Met

Australia Unveils Plan to Ensure Domestic Natural Gas Demand Is Met

The Australian Government has outlined a program that it contends will help the country secure natural gas supplies over the next two decades. “The National Gas Infrastructure Plan supports a strategic approach to gas infrastructure investment over the next 20 years and aims to guide industry to priority areas that need to be addressed to…

November 30, 2021
Argentina Advancing Vaca Muerta Natural Gas Pipeline Project

Argentina Advancing Vaca Muerta Natural Gas Pipeline Project

Natural gas output from Argentina’s Vaca Muerta formation in the Neuquén Basin has been growing steadily, and President Alberto Fernández has greenlighted an infrastructure project to move the fuel to market. The aim of the project is to further spur natural gas production from Vaca Muerta and to reduce the nation’s reliance during winter months…

November 30, 2021
Global Natural Gas Markets Monitoring Spread of Latest Covid-19 Variant — LNG Recap

Global Natural Gas Markets Monitoring Spread of Latest Covid-19 Variant — LNG Recap

Natural gas prices in Asia and Europe moved higher Monday despite growing concerns over a new variant of Covid-19 that weighed on commodities late last week. A colder shift in the forecast and a reduction in pipeline imports in Europe were supporting prices as traders continue to monitor the potential impacts of the Omicron variant…

November 29, 2021
Cheniere Signs Another Long-Term LNG Deal With Chinese Buyer

Cheniere Signs Another Long-Term LNG Deal With Chinese Buyer

Cheniere Energy Inc. has entered into a binding 20-year liquefied natural gas (LNG) sale and purchase agreement (SPA) with Chinese utility Foran Energy Group. Under the SPA, Foran has agreed to purchase approximately 0.3 million metric tons/year (mmty) of LNG from Cheniere Marketing on a delivered ex-ship basis for 20 years beginning in January 2023.…

November 29, 2021
U.S. Natural Gas Production on Track to Exceed Pre-Pandemic Growth Forecasts

U.S. Natural Gas Production on Track to Exceed Pre-Pandemic Growth Forecasts

U.S. natural gas production has recovered more vigorously than oil since the height of the pandemic and is on track to exceed pre-pandemic growth forecasts through 2024, according to researchers at Louisiana State University’s (LSU) Center for Energy Studies. The center’s executive director, David Dismukes, and associate research professor, Gregory Upton, described a transformed landscape…

November 24, 2021
LNG Exports Seen Driving Rare Pricing Behavior at Henry Hub

LNG Exports Seen Driving Rare Pricing Behavior at Henry Hub

Amid a growing global reach for U.S. natural gas, and the coincidental timing of gas contract expirations, Henry Hub December basis prices are trading at a rare premium to New York Mercantile Exchange (Nymex) futures, NGI Forward Look data show. Historically, Henry Hub basis tracks within a penny or so of the comparable Nymex contract.…

November 24, 2021
RSG Seen as Key to Unlocking More Natural Gas Export Demand in Developed Countries

RSG Seen as Key to Unlocking More Natural Gas Export Demand in Developed Countries

Responsibly-sourced natural gas (RSG) is key to unlocking more demand for the fuel overseas, but largely in countries that can afford it, according to a panel of U.S. producers and exporters that spoke in Washington, DC, earlier this month. “RSG is a contract between a region that is privileged to have the supply and a…

November 24, 2021
Supply Outages, Weather Forecasts Keep Global Natural Gas Prices Strong — LNG Recap

Supply Outages, Weather Forecasts Keep Global Natural Gas Prices Strong — LNG Recap

Global natural gas prices remained strong Tuesday as benchmarks in Europe and the United States bounced back amid a colder forecast and supply shortages that are seen keeping the market tight.  Dutch and British futures finished the day slightly higher, with the front-month contracts both settling above $30/MMBtu. In the United States, the prompt Henry…

November 23, 2021
Woodfibre Taps McDermott to Begin Initial Work on LNG Export Project

Woodfibre Taps McDermott to Begin Initial Work on LNG Export Project

Woodfibre, a liquefied natural gas (LNG) export project planned for the Pacific coast of British Columbia, has moved a step closer to sanctioning after it awarded a C$1.6 billion ($1.3 billion) construction contract to engineering giant McDermott International Ltd. The LNG project on Tuesday also set a schedule to begin pre-installation work in early 2022…

November 23, 2021
FERC Exploring GHG Emissions from LNG Projects as Court Cases Pile Up

FERC Exploring GHG Emissions from LNG Projects as Court Cases Pile Up

FERC Chairman Richard Glick last week argued that the “reasonably foreseen” carbon emissions from natural gas infrastructure should be included in every certificate review, but not everybody agrees with him. The Federal Energy Regulatory Commission held a day-long technical conference on Nov. 19 concerning natural gas projects proposed under section 3 or 7 of the…

November 23, 2021