LNG

Natural gas futures on Monday hovered in a narrow range of gains and losses as traders weighed outlooks for mild spring weather and its dampening effect on domestic demand against a recovery in liquefied natural gas (LNG) levels. The April Nymex contract ultimately settled at $2.777/MMBtu, up six-tenths of a cent day/day, supported by strength…

Tellurian Inc., which continues to work toward a final investment decision on its Driftwood liquefied natural gas (LNG) terminal proposed for Louisiana, plans to acquire additional assets in the Haynesville Shale this year.  The company said in its year-end earnings report that it intends to “pursue potential acquisitions” of properties or companies that own Haynesville…

Global commodity trader Vitol said Monday it would begin offering customers “green” liquefied natural gas (LNG) cargoes, the latest in a series of announcements aimed at curbing emissions throughout the global gas market.  Vitol said emissions related to the new product offering from the wellhead to delivery point would be managed with carbon offset certificates…

The Alen Gas Monetization Project offshore Equatorial Guinea, with capacity to move 930 MMcfe/d, has achieved its first natural gas flows, Chevron Corp. said Friday. The project, overseen by Chevron’s Noble Energy EG Ltd., runs 70 kilometers (43.5 miles) from the field in the Douala Basin. Processing is done at existing onshore facilities, maximizing how…

California-based Sempra Energy continues to bet on Mexico even given regulatory changes that could impact the private sector’s operations in the country. “Our goal is to help Mexico be successful,” CEO Jeffrey Martin said in a fourth quarter earnings call. “They need more foreign direct investment. They have a deficit in their infrastructure.”  The administration…

Massive declines spread across natural gas forward markets for the trading period ending Wednesday, fueled primarily by a return to the warm weather pattern that has characterized most of the winter season.  A quick ramp in production following last week’s historic winter storm also served as a headwind for prices, with March averaging 34.0 cents…

After losing nearly C$1.3 billion ($975 million) on the aborted Keystone XL (KXL) oil export pipeline project, Alberta, Canada’s top fossil fuel-producing province, also stands braced for more lean years on oversupplied North American natural gas markets. The toll taken by the Covid-19 pandemic, energy commodity surpluses and a bad bet on the U.S. presidential…

The April natural gas futures contract failed to make a big impression on its first day at the front of the Nymex curve. The new prompt month struggled to get off the ground early in Thursday’s session and only reached a $2.855/MMBtu intraday high before settling at $2.777, off 1.8 cents from Wednesday’s close. Spot…

Massive declines spread across natural gas forward markets for the trading period ending Wednesday, fueled primarily by a return to the warm weather pattern that has characterized most of the winter season.  A quick ramp in production following last week’s historic winter storm also served as a headwind for prices, with March averaging 34.0 cents…