LNG Insight

Natural Gas Forwards Sink as Storage Rises, June Heat Disappoints

Natural Gas Forwards Sink as Storage Rises, June Heat Disappoints

As natural gas markets restlessly awaited the arrival of more impressive cooling demand, regional forwards tumbled from coast to coast during the May 25-31 trading period, NGI’s Forward Look data show. July fixed prices at benchmark Henry Hub shed 30.6 cents for the period to end at $2.267/MMBtu. Discounts of around 25-35 cents were common…

June 2, 2023
Low-Emission Tugboats Under Construction for LNG Canada as Project Advances

Low-Emission Tugboats Under Construction for LNG Canada as Project Advances

Native and environmental traits deck a naval arm of custom-built tugboats that the first major Canadian LNG export project will launch on the northern Pacific coast of British Columbia. The HaiSea Marine partnership of Seaspan ULC and the Haisla First Nation tribal host of LNG Canada at Kitimat announced that deliveries have begun of five…

June 2, 2023

Hammerfest LNG Expects to Finish Repairing Gas Leak Soon – The Offtake

An unplanned outage that started Wednesday at Equinor ASA’s Hammerfest LNG export facility in Norway is expected to last until June 8, according to a notice submitted to Gassco, the country’s transmission system operator.

June 2, 2023
Germany Sticks With Plans to Boost LNG Import Capacity Despite Environmental Opposition

Germany Sticks With Plans to Boost LNG Import Capacity Despite Environmental Opposition

Germany’s government continues to face criticism from environmental groups for its ambitious LNG import capacity plans and for supporting natural gas at the recent G7 meeting in Japan.  Claims that Germany overestimated its liquified natural gas capacity needs have not been confirmed by the government. Two proposed onshore terminals in Stade and Wilhelmshaven, and the…

June 2, 2023
QatarEnergy Signs on Bangladesh as Marketing Push Starts for Massive North Field LNG Projects

QatarEnergy Signs on Bangladesh as Marketing Push Starts for Massive North Field LNG Projects

QatarEnergy has signed a 1.8 million metric ton/year (mmty), 15-year contract with Bangladesh’s national natural gas company as the marketing push for North Field LNG continues. Under the agreement, QatarEnergy’s liquefied natural gas trading arm could begin delivering cargoes to the Bangladesh Oil, Gas and Mineral Corp. (Petrobangla) starting in 2026. Supply is to be…

June 1, 2023
Ksi Lisims LNG Commits to Net-Zero Emissions in Bid for BC Approval

Ksi Lisims LNG Commits to Net-Zero Emissions in Bid for BC Approval

The Ksi Lisims LNG export project, proposed to move 12 million metric tons/year of natural gas to overseas markets from the west coast of British Columbia (BC), can achieve a net-zero carbon goal by 2030, sponsors promised in a letter to provincial authorities. Led by the Nisga’a Nation, the proposed liquefied natural gas project said…

June 1, 2023
Pembina, Marubeni to Explore Converting Alberta Natural Gas to Hydrogen, Ammonia

Pembina, Marubeni to Explore Converting Alberta Natural Gas to Hydrogen, Ammonia

Calgary-based Pembina Pipeline Corp. and Japanese power and trading conglomerate Marubeni Corp. are partnering to advance a project that would convert Alberta natural gas into hydrogen and ammonia for exports to Asia. In announcing the partnership, the companies set a target of late 2025 to decide whether to build a conversion plant in the Alberta…

June 1, 2023
As LNG Falls Behind in Japan, The Specter of U.S. Cargo Cancellations Looms – Column

As LNG Falls Behind in Japan, The Specter of U.S. Cargo Cancellations Looms – Column

Weak prices for spot LNG and European natural gas, coupled with high levels of floating inventory, have triggered discussion about something that was unthinkable only a year ago – the prospect of U.S. cargo cancellations.

May 31, 2023
TTF Prices Spike After Hammerfest LNG Shuts Down Following Gas Leak

TTF Prices Spike After Hammerfest LNG Shuts Down Following Gas Leak

Equinor ASA has halted LNG production at its Hammerfest export terminal in Norway to repair a leak only days after work was completed to resolve a separate issue that kept the plant offline for most of May. Emergency responders were dispatched to the 4.3 million metric tons/year facility early Friday, when a gas leak was…

May 31, 2023
EIA Expects Global Natural Gas Prices to ‘Moderately’ Drive Henry Hub Through 2050

EIA Expects Global Natural Gas Prices to ‘Moderately’ Drive Henry Hub Through 2050

U.S. LNG exports would have an inherent but limited impact on domestic natural gas prices through the next several decades, possibly driving the Henry Hub to a range between $3.30 and $4.30/MMBtu by 2050, according to a recent U.S. Energy Information Administration (EIA) analysis. Using several scenarios and the EIA’s latest Annual Energy Outlook (AEO)…

May 31, 2023