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Venture Global Selects KBR to Lead Construction on Phase One of Plaquemines LNG

Venture Global Selects KBR to Lead Construction on Phase One of Plaquemines LNG

Venture Global LNG Inc. has selected KBR Inc. to lead the first phase of construction for its Plaquemines liquefied natural gas (LNG) export project in a surprise announcement just months after KBR said it would exit the energy business.  Venture Global said as the engineering, procurement and construction (EPC) contractor KBR would “integrate highly modularized,…

November 25, 2020
U.S. Natural Gas Prices to Average $3.30 in 2021, with Summer Even Higher, Says BofA

U.S. Natural Gas Prices to Average $3.30 in 2021, with Summer Even Higher, Says BofA

U.S. natural gas prices are forecast to average $3.30/MMBtu in 2021, with even higher prices predicted next summer, according to BofA Securities. The analyst team led by Francisco Blanch, head of commodities and derivatives research, discussed the outlook for energy overall during a webcast on Tuesday.  “The bottom line is that higher prices are needed…

November 25, 2020
Biden Names Kerry as Climate Change Envoy, Says Domestic Policy Coordinator to Follow

Biden Names Kerry as Climate Change Envoy, Says Domestic Policy Coordinator to Follow

President-elect Joseph R. Biden Jr. on Tuesday introduced several potential cabinet-level members of his foreign policy and national security team, including former Secretary of State John Kerry as the first-ever climate change czar. In addition to proposing Kerry as special presidential envoy for climate, Biden’s nominees as of Tuesday included National Security Advisor Jake Sullivan,…

November 25, 2020
MPL Chief Sees Room for Three LNG Export Projects on Mexico’s Pacific Coast

MPL Chief Sees Room for Three LNG Export Projects on Mexico’s Pacific Coast

Mexico’s Pacific Coast could see more than one natural gas export project being developed in the coming years as Asian markets increase their appetite for imports of cheap and reliable U.S. gas via the shortest transport route possible. Mexico Pacific Ltd. LLC’s (MPL) CEO Doug Shanda thinks his company’s liquefied natural gas (LNG) export project…

November 24, 2020
LNG 101: Defining Small-Scale LNG and its Advantages

LNG 101: Defining Small-Scale LNG and its Advantages

Liquefied natural gas (LNG) is a growing business across the world, and a key part of that growth is in small-scale applications that provide energy solutions and allow consumption of the super-chilled fuel in remote areas, but the “small-scale” label can be a confusing one. Small-scale LNG is generally considered to include the production and…

November 24, 2020
Forecasts Seen Less Bearish as Natural Gas Futures Extend Gains Early

Forecasts Seen Less Bearish as Natural Gas Futures Extend Gains Early

Boosted by a colder look to forecasts for early December, natural gas futures extended their recent gains in early trading Tuesday. The December Nymex contract was up 5.5 cents to $2.766/MMBtu at around 8:40 a.m. ET. January was up 6.3 cents to $2.886. After “not being quite as bearish” in Monday’s runs, the weather data…

November 24, 2020
LNG Recap: Global Natural Gas Prices Gaining Momentum After Last Week’s Steep Declines

LNG Recap: Global Natural Gas Prices Gaining Momentum After Last Week’s Steep Declines

Global natural gas prices fell across the board last week, weighed down by warmer weather in Europe and North America, along with continued measures to battle the coronavirus that have cut demand. January Japan Korea Marker (JKM) futures slid  to $6.375/MMBtu on Friday, finishing well below the $7.00 mark near where the contract has been…

November 23, 2020
Global Oil, Natural Gas Producers Commit to More Transparency in Reporting Methane Emissions

Global Oil, Natural Gas Producers Commit to More Transparency in Reporting Methane Emissions

A group of 62 oil and natural gas operators, which together represent 30% of the world’s production, agreed Monday to report their methane emissions with a “higher level” of transparency. The Oil and Gas Methane Partnership (OGMP) is a Climate and Clean Air Coalition (CCAC) initiative led by the United Nations Environment Programme (UNEP), the…

November 23, 2020
MPL to Source U.S. Gas for Potential Second LNG Project on Mexico’s Pacific Coast

MPL to Source U.S. Gas for Potential Second LNG Project on Mexico’s Pacific Coast

Mexico’s Pacific Coast could see more than one natural gas export project being developed in the coming years as Asian markets increase their appetite for imports of cheap and reliable U.S. gas via the shortest transport route possible. Mexico Pacific Limited LLC’s (MPL) CEO Doug Shanda thinks his company’s liquefied natural gas (LNG) export project…

November 20, 2020
Natural Gas Forward Prices Plummet Despite ‘Resolutely Bullish’ Core Fundamentals

Natural Gas Forward Prices Plummet Despite ‘Resolutely Bullish’ Core Fundamentals

A balmy weather outlook that was seen potentially extending through the first third of December weighed heavily on natural gas market sentiment during the Nov. 12-18 period, sending forward prices crashing down by an average of 36.0 cents, according to NGI’s Forward Look. Similar to the prior week, the steepest losses occurred in Appalachia. However,…

November 20, 2020
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