LNG Insight

The U.S. Energy Information Administration (EIA) is slashing its projected 2024 average Henry Hub natural gas spot price by 14% versus its month-earlier forecast after observing record lows for the benchmark in February, the agency said Tuesday. EIA, in its latest Short-Term Energy Outlook (STEO), modeled an average Henry Hub price of $2.27/MMBtu for 2024,…

State-owned Saudi Arabian Oil Co., better known as Aramco, is targeting a 60% increase by 2030 in its natural gas production from 2021 levels as domestic consumption rises in the Kingdom. Speaking to investors during a conference call on Monday, CEO Amin Nasser and CFO Ziad Al-Murshed discussed an array of projects underway to boost…

Global natural gas prices oscillated on Monday as the market reacted to supply outages in the United States and Europe. Feed gas deliveries to the Freeport LNG export terminal on the upper Texas coast sank over the weekend. The facility is scheduled this week to restart a train that went offline in January. NGI data…

Kinder Morgan Inc.’s (KMI) Texas-Louisiana Expansion project, aimed at bringing additional natural gas supply to the Gulf Coast, is now fully subscribed after two LNG exporters signed on as customers. Natural Gas Pipeline Company of America LLC (NGPL), a KMI subsidiary, told FERC in a recent filing it has inked agreements to supply the Golden…

No. 1: Low natural gas prices are bringing more buyers back to the spot market for cheap LNG cargoes before costs rise, particularly in Asia. Buyers in China, Bangladesh and South America have issued buyer tenders scheduled to close over the next week for 27 cargoes, according to Kpler data. Meanwhile, buyers in China, India,…

Regional natural gas forwards generally pushed higher at the front of the curve during the Feb. 29-March 6 trading period as ebbing production strengthened the price outlook for a market dealing with excess supply exiting winter, NGI’s Forward Look data show. Fixed prices for April delivery at benchmark Henry Hub added 4.0 cents for the…

Negotiations between Russia and China over the Power of Siberia 2 (POS 2) pipeline, which would further link the countries, have shown no signs of gaining traction.  Although Moscow is eager to close the deal, disagreements over pricing, tariffs, taxes, financing and the pipeline route may make it difficult for the project to meet its…

Delfin Midstream Inc. is seeking an additional five years to complete its LNG export project offshore Louisiana, marking one of the first tests of the Department of Energy’s (DOE) stance on extensions since last year. For more than a decade, Houston-based Delfin has been developing a proposed export project offshore Louisiana that would use four…

With a portfolio of North American projects from which to pick and choose, Enbridge Inc. is zeroing in on the Gulf Coast to advance a plethora of natural gas and oil projects to move more supply overseas. The Enbridge executive team during the annual investor day conference on Wednesday laid out the near-term strategy in…