LNG Insight

Global natural gas demand is expected to remain flat in 2023 with modest growth in the Asia-Pacific region offset by projected declines in Europe and North America, according to the International Energy Agency (IEA). The world’s natural gas consumption declined 1.5% year/year in 2022, driven largely by a sharp increase in prices after Russia invaded…

Natural gas forward prices found some footing during the May 4-10 period as the majority of U.S. locations were supported by strong power burns and easing production, according to NGI’s Forward Look. Key Northeast markets, however, continued to slide ahead of a multi-week span of mild weather that may expand already plump storage inventories in…

The amount of LNG floating on vessels at sea for extended periods is ticking above average levels, particularly in Asia, as buyers continue to shun cheap spot cargoes amid weak demand. The volume of liquefied natural gas in floating storage, generally considered on board a vessel for 20 days or more, has been creeping upward…

Work has stopped on a stretch of the Coastal GasLink pipeline that would ultimately feed the LNG Canada facility under construction in British Columbia (BC) after provincial regulators discovered erosion and sediment control issues.  The BC Environmental Assessment Office’s (EAO) Compliance and Enforcement Branch issued orders last week to halt work along a 12-mile stretch…

U.S. LNG exports continued to grow at a faster pace than pipeline deliveries into the country from Canada, which once dominated cross-border traffic in North America.  Liquefied natural gas shipments rose 8.5% to 10.6 Bcf/d last year, up from 9.7 Bcf/d in 2021, according to the U.S. Department of Energy.  The top four LNG destinations…

Russia’s war in Ukraine has helped propel the next wave of U.S. LNG projects, putting the country on track to export 22.3 Bcf/d of the super-chilled fuel this decade. Since last year, the Corpus Christ Stage 3 expansion, Plaquemines and Port Arthur liquefied natural gas projects have all been sanctioned. Along with Golden Pass LNG,…

Enbridge Inc. is advancing multiple expansion projects on its vast North American natural gas network ahead of expected growth in LNG and pipeline exports from the continent. During a call to discuss first quarter earnings, CEO Greg Ebel highlighted the recently announced acquisition of a 93.8% controlling interest in the Aitken Creek natural gas storage…

European natural gas prices on Tuesday traded at some of their lowest levels since 2021, continuing a weeks-long slide amid ample supplies and weak demand across the continent and other parts of the world.  “The market remains overall bearish amid seasonally average temperatures and high storage levels,” said trading firm Energi Danmark in a note…

After more than a decade-long surge in activity, Canada has fallen behind in the North American LNG export race despite a bevy of proposed projects, but with the winds of a global energy crisis at their backs, some facilities are now moving forward or even nearing completion. Since 2011, 24 liquefied natural gas export and…