LNG

Petronas on Wednesday reported a fire on its Sabah-Sarawak natural gas pipeline in Malaysia. The system feeds the 30 million metric tons/year Bintulu LNG export terminal.

Freeport LNG Development LP is developing new testing protocols and expanding its staff at the export facility after a third-party review highlighted process failures and human error as possible factors in a summer explosion. The operator of the 2.38 Bcf/d liquefied natural gas export terminal on the upper Texas coast has been reviewing the cause…

Europe is expected to continue paying exorbitant prices to attract LNG cargoes next year, particularly given how limited new supplies of the super-chilled fuel will be. A decline in sanctioned projects over the last decade during a low price environment and underinvestment in fossil fuels means new liquefaction capacity may be scarce until 2025, when…

U.S. crude oil exports drove another record quarter for the Port of Corpus Christi in South Texas as Western European buyers continue to shift away from Russian crude imports following the Kremlin’s invasion of Ukraine, it said Monday. A record of 48.3 million tons set in the third quarter surpassed the previous tonnage record of…

Natural gas futures pushed higher a second straight day as wintry weather canvassed the Midwest and Northeast – key natural gas demand regions – fueling consumption and supporting prices. The December Nymex gas futures contract gained 10.1 cents day/day and settled at $6.034/MMBtu. January rose 9.6 cents to $6.395. NGI’s Spot Gas National Avg., meanwhile,…

Warmer overnight forecast trends and the prospect of a delayed return to service for a major U.S. export terminal weighed on natural gas futures in early trading Wednesday. The December Nymex contract was off 15.9 cents to $5.875/MMBtu at around 8:45 a.m. ET. Weather data trended warmer overnight, with both the American and European models…

Natural gas futures pushed higher a second straight day as wintry weather canvassed the Midwest and Northeast – key natural gas demand regions – fueling consumption and supporting prices. The December Nymex gas futures contract gained 10.1 cents day/day and settled at $6.034/MMBtu. January rose 9.6 cents to $6.395. NGI’s Spot Gas National Avg., meanwhile,…

Mexico has big plans to become an LNG export powerhouse, but it might not have the pipelines or available capacity to do so, according to experts. “Is there enough capacity and pipelines to support these projects? I don’t think so,” said the head of the Gadex consultancy, Eduardo Prud’homme, on Monday at the LDC Gas…

Excelerate Energy Inc. has for now shifted its focus to fulfilling Europe’s need for natural gas as the continent continues working to buildout import infrastructure to fill the void left by declining Russian supplies.  The company has the world’s largest portfolio of floating LNG terminals and has worked to deploy the infrastructure and pursue other…