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Pembina Sees Green Shoots in Western Canadian Unconventionals as Commodity Prices Improve

Pembina Sees Green Shoots in Western Canadian Unconventionals as Commodity Prices Improve

Western Canada-focused Pembina Pipeline Corp. painted a rosy outlook in its first quarter earnings report for a Canadian industry-wide recovery amid improving commodity prices, with volumes from the Montney Shale and the Duvernay formation expected to grow. “Over the past few quarters, across both the pipelines and facilities divisions, we have seen steady increases in…

May 7, 2021
Natural Gas Forward Curves Hit Pause After Recent Gains, but Backdrop Increasingly Supportive

Natural Gas Forward Curves Hit Pause After Recent Gains, but Backdrop Increasingly Supportive

Shoulder-season doldrums took hold of natural gas forward curves for the trading period ending May 5 as mild weather stole some of the momentum away from strong export demand. June forward prices averaged exactly flat for the period amid a mix of small gains and losses, while the balance of summer (June-October) eked out a…

May 7, 2021
ECA LNG Export Project Remains Top Priority for IEnova

ECA LNG Export Project Remains Top Priority for IEnova

Infraestructura Energética Nova (IEnova) reported growth in volumes and revenue from its natural gas business in Mexico during the first quarter and expects the trend to continue, management said during an earnings call last week. CEO Tania Ortiz Mena told analysts that the Energía Costa Azul (ECA) liquefied natural gas (LNG) export project in Baja…

May 7, 2021
Covid-19 Cases Surge in India, Cutting Into Spot LNG Demand

Covid-19 Cases Surge in India, Cutting Into Spot LNG Demand

A prolific surge in Covid-19 cases in India is cutting into spot liquefied natural gas (LNG) demand as some vessels have avoided the country since last month.  Seven LNG tankers that were headed to India have been diverted to other destinations since mid-April, said Kpler analyst Charles Costerousse, who added that the market research firm…

May 7, 2021
Above Normal Cooling Demand Seen Arriving by Late May as June Natural Gas Called Higher

Above Normal Cooling Demand Seen Arriving by Late May as June Natural Gas Called Higher

As updated forecasts hinted at higher cooling demand developing later in May, natural gas futures recovered the previous session’s losses in early trading Friday. After slipping 1.0 cents in Thursday’s trading, the June Nymex contract was up 1.3 cents to $2.941/MMBtu at around 8:45 a.m. ET. Based on the latest forecast data projections from Bespoke…

May 7, 2021
June Natural Gas Futures, Cash Prices Fail to Find Footing Following Bullish EIA Storage Report

June Natural Gas Futures, Cash Prices Fail to Find Footing Following Bullish EIA Storage Report

Natural gas futures slipped lower for a second consecutive session on Thursday, despite a bullish government inventory print and continued robust demand for both U.S. liquefied natural gas (LNG) and pipeline exports. The June Nymex contract fell 1.0 cent day/day and settled at $2.928/MMBtu. The contract lost 2.9 cents on Wednesday. July shed eight-tenths of…

May 6, 2021
Natural Gas Forward Curves Stagnate Ahead of Potentially Hot Summer

Natural Gas Forward Curves Stagnate Ahead of Potentially Hot Summer

Shoulder-season doldrums took hold of natural gas forward curves for the trading period ending May 5 as mild weather stole some of the momentum away from strong export demand. June forward prices averaged exactly flat for the period amid a mix of small gains and losses, while the balance of summer (June-October) eked out a…

May 6, 2021
Corpus Christi Port, Stabilis to Partner on LNG Fueling Solutions

Corpus Christi Port, Stabilis to Partner on LNG Fueling Solutions

Houston-based Stabilis Solutions Inc. has entered into a memorandum of understanding (MOU) with the Port of Corpus Christi Authority in South Texas to use liquefied natural gas (LNG) as a marine fuel. The Port of Corpus Christi and Stabilis have committed to providing customer education and technical support, as well as grant funding opportunities to…

May 6, 2021
Sempra Now Eyeing Port Arthur LNG FID in 2022 and Looking to ‘Green Up’ Site

Sempra Now Eyeing Port Arthur LNG FID in 2022 and Looking to ‘Green Up’ Site

Sempra Energy may push a decision on whether to sanction the Port Arthur, TX, natural gas export project to 2022 as it looks to reduce the greenhouse gas (GHG) footprint. “We continue to work with partners and customers to focus on options to reduce the projects GHG profile and continue improving its competitive position in…

May 6, 2021
June Natural Gas Futures, Cash Prices Lose Momentum Ahead of Storage Report

June Natural Gas Futures, Cash Prices Lose Momentum Ahead of Storage Report

Natural gas futures faltered on Wednesday, ending a three-day rally ahead of expectations for a more substantial build in underground inventories with this week’s government storage report. The June Nymex contract fell 2.9 cents day/day and settled at $2.938/MMBtu. July shed 3.0 to $2.982. NGI’s Spot Gas National Avg. lost ground for the first time…

May 5, 2021
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