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Cheniere Sees Sabine Pass Train 6 Ramping Up by End of Year

Cheniere Sees Sabine Pass Train 6 Ramping Up by End of Year

Cheniere Energy Inc. CEO Jack Fusco expects the sixth train at the Sabine Pass liquefied natural gas (LNG) export facility in Louisiana to start up by the end of 2021. Construction on Train 6, Cheniere’s ninth overall between Sabine Pass and the Corpus Christi facility in South Texas, is about a year ahead of schedule…

March 2, 2021
April Natural Gas Futures Eke Out Gain on Tail of Strong Cash Prices

April Natural Gas Futures Eke Out Gain on Tail of Strong Cash Prices

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…

March 1, 2021
Tellurian in Market for More Haynesville Assets to Feed Driftwood LNG

Tellurian in Market for More Haynesville Assets to Feed Driftwood LNG

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…

March 1, 2021
Vitol to Offer Carbon Offsets for LNG Cargoes

Vitol to Offer Carbon Offsets for LNG Cargoes

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…

March 1, 2021
Natural Gas Flowing from Chevron’s Alen Project Offshore Equatorial Guinea

Natural Gas Flowing from Chevron’s Alen Project Offshore Equatorial Guinea

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…

February 26, 2021
Sempra Sees Natural Gas as World’s Most Dominant Fuel Next Decade

Sempra Sees Natural Gas as World’s Most Dominant Fuel Next Decade

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…

February 26, 2021
Steep Natural Gas Price Losses Leave Forwards ‘Significantly Undervalued’

Steep Natural Gas Price Losses Leave Forwards ‘Significantly Undervalued’

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…

February 26, 2021
Natural Gas Glut, Keystone XL Cancellation Seen Weighing on Alberta Finances

Natural Gas Glut, Keystone XL Cancellation Seen Weighing on Alberta Finances

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…

February 26, 2021
‘Powerball’ EIA Storage Report Fails to Stop Natural Gas Price Slide

‘Powerball’ EIA Storage Report Fails to Stop Natural Gas Price Slide

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…

February 25, 2021
Like ‘Nothing Happened,’ Natural Gas Forward Prices Crumble Below $3.00

Like ‘Nothing Happened,’ Natural Gas Forward Prices Crumble Below $3.00

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…

February 25, 2021
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