LNG Insight

An affiliate of Warren Buffett’s Berkshire Hathaway Inc. has agreed to boost its ownership stake in the Cove Point LNG export terminal in Lusby, MD, to 75% in a deal valued at $3.3 billion. Berkshire Hathaway Energy (BHE) said it would purchase Dominion Energy Inc.’s 50% stake, leaving Brookfield Infrastructure Partners with 25% interest in…

Soaring temperatures are pushing Asian LNG buyers into the market to cover power demand, keeping Japan-Korea Marker prices at a premium to the Dutch Title Transfer Facility (TTF) benchmark.  Asia, along with North America and Latin America, are facing El Niño weather conditions causing a surge in cooling demand around the globe.  “We think recent…

European natural gas prices fell again on Monday, picking up where they left off last week as the market is for now well supplied and storage inventories are on track to fill ahead of winter. The prompt Title Transfer Facility (TTF) fell by 10% Monday and settled below $10/MMBtu. The contract has lost steam after…

Centrica plc has boosted capacity at the UK’s largest natural gas storage facility months after it reopened to help keep the market balanced and prices in check following Russia’s move to significantly reduce natural gas exports to Europe when it invaded Ukraine.  Centrica, Great Britain’s largest energy supplier, said the Rough storage facility 18 miles…

Amid signs of renewed production strength, and with seasonal to cooler-leaning summer temperatures expected over population centers in the Midwest and Northeast, natural gas forwards ceded ground during the June 29-July 5 trading period, NGI’s Forward Look data show. Natural gas fixed prices at benchmark Henry Hub shed 1.7 cents for the period to end…

Shell plc expects its second quarter liquefaction volumes to range from 6.9 to 7.2 million tons (Mt). That’s compared to 7.2 Mt in the first quarter and 7.66 Mt in 2Q2022.

U.S. LNG exports and natural gas deliveries to Gulf Coast terminals are ticking up after a slump during June maintenance events, but global demand remains muted. Deliveries of feed gas to the Gulf Coast have increased since the beginning of the month, indicating that maintenance at Cheniere Energy Inc.’s Sabine Pass liquefied natural gas facility…

Unlike the summer of 2022, when blistering heat and soft supplies sent natural gas futures to the doorstep of $10/MMBtu, prices in the United States this year — and key regions abroad — were held in check by elevated American production and relatively mild spring weather conditions. New York Mercantile Exchange prompt month futures, for…

With the year half over, global LNG contracting activity remains strong, carrying momentum from 2022 and advancing both greenfield and expansion projects, particularly in the United States.  Natural gas buyers across the world scrambled to secure stable long-term contracts last year and shield themselves from volatile prices on the spot market after Russia invaded Ukraine…