The developer of a Gulf Coast liquefied natural gas (LNG) project that would be part of the so-called second wave buildout is seeking more time from FERC to build the export facility, citing difficulty in securing long-term offtake agreements with international customers. New York City-based Glenfarne Group LLC told the Federal Energy Regulatory Commission on…
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LNG Recap: U.S. Feed Gas Deliveries Surge, But Cameron Still Without Power to Restart
A surge in feed gas deliveries to export terminals and a hurricane headed for the northern Gulf Coast that has forced some offshore producers to shut-in volumes sent U.S. natural gas futures up sharply on Monday. Feed gas volumes hit their highest point since May on Sunday, surpassing 7 Bcf and were at about the…
Global Natural Gas Looks Strong but Facing Challenges from Renewables, Hydrogen, Says BP
A “pronounced shift” to renewables, combined with a shift to electricity and hydrogen, led BP plc to reduce its annual forecast for global natural gas as a primary energy source. The annual Energy Outlook was introduced on Monday by chief economist Spencer Dale during a webcast. The economics team led by Spencer Dale used Rapid,…
La Niña Pattern Improves U.S. Gas Demand Outlook for Winter, but Global Weather a Concern
The La Niña pattern that settled over the United States last month stands to prop up gas demand this winter if the chilly forecast for the northern states holds true. However, in an era in which Lower 48 demand is now largely influenced by dynamics overseas, the current lack of signaling for a cold winter…
Displacing Coal in Asia Seen as Key to LNG Growth in Era of Environmental Urgency
If growth projections are expected to be realized for liquefied natural gas (LNG) in the coming decades, more must be done to ensure its role in displacing coal and aiding the energy transition, according to some experts. The Asian market is seen as a key to LNG’s future growth and a global goal of reducing…
Containment Risk Drags Down Natural Gas Forward Curves
Natural gas forward prices recorded another week in the red as feed gas demand to Gulf Coast export facilities remained low after Hurricane Laura shuttered operations at two key gas export terminals. Though operations have since resumed at the Sabine Pass liquefied natural gas (LNG) facility and feed gas has risen, the damage to prices…
Small-Scale New Jersey LNG Export Project Stymied by DRBC
The Delaware River Basin Commission (DRBC) on Thursday voted to suspend approval for key parts of a small liquefied natural gas (LNG) export project in New Jersey. The DRBC, a quasi-regulatory agency involving four states and the U.S. government that oversees the Delaware River watershed, stayed the decision it made last summer allowing a New…
Canada Government, Provinces Step Up to Support Flailing Oil, Gas Projects
The Canadian government vowed Wednesday to attempt to salvage a mothballed C$2.2 billion ($1.6 billion) oil project offshore Newfoundland that the coronavirus pandemic threatens to sink. Rescue talks are underway, said Natural Resources Minister Seamus O’Regan, after Husky Energy Inc. teamed up with business and labor supporters to broadcast a group call for help for…
The Offtake: LNG in Brief
A roundup of news and commentary from NGI’s LNG Insight ClipperData: LNG vessel Hough Gannet was berthed at Sabine Pass LNG in Louisiana on Wednesday and is “the first expected loading post Hurricane Laura.” SM Eagle was the last vessel to load at the facility on Aug. 23. U.S. feed gas deliveries jumped to 6.35…
U.S. Natural Gas Prices to Average $3.40 in January as Domestic, Overseas Demand Climbs, Says EIA
Demand for natural gas is likely to increase domestically and overseas heading into the winter, while production stagnates, pushing Henry Hub spot prices to an average of $3.40/MMBtu in January, the Energy Information Administration (EIA) said Wednesday. In the latest Short-Term Energy Outlook (STEO), forecasters said monthly average spot prices should “remain higher than $3.00/MMBtu…