LNG

Intercontinental Exchange Inc. (ICE) plans to offer two LNG futures contracts to Europe aimed at bridging the growing price divide between exports landing on the continent and natural gas transported through pipelines ICE could begin offering futures contracts for liquefied natural gas to Northwest and Southwest Europe on Dec. 5, pending regulatory approval, according to…

The world’s largest natural gas trader faced a challenging third quarter, whipped by up-and-down prices related to Russia’s invasion of Ukraine, however, the integrated major overcame issues to post its second highest ever quarterly results. “We are delivering robust results at a time of ongoing volatility in global energy markets,” CEO Ben van Beurden said…

China National Offshore Oil Corp. (CNOOC) has made a large offshore natural gas discovery in the South China Sea as it continues to work toward adding oil and gas reserves. Proven gas in-place of the Baodao 21-1 field has “successfully passed the Chinese governmental review and filing,” the firm said. CNOOC says the field holds…

Heading into a potentially volatile session featuring the release of updated government inventory data and the front month contract expiration, natural gas futures were trading slightly lower early Thursday. The expiring November Nymex contract was unchanged at $5.606/MMBtu at around 8:45 a.m. ET, while the December contract was off 2.8 cents to $6.091. Surveys ahead…

While Woodside Energy Group Ltd. is pushing ahead with multi-billion dollar natural gas development projects to secure the future of its Australian assets, it made moves in the third quarter to grow its exposure to European markets with help from some added U.S. LNG. The third quarter was Woodside’s first full earnings period since it…

If China buys more LNG on the spot market this winter it could have an impact on what’s available to European buyers over the next few months. “Since August, the Chinese [national oil companies] have been importing their contracted Russian volumes, while holding LNG imports relatively flat,” said Vortexa Ltd.’s Felix Booth, head of liquefied…

With hints of chillier weather arriving in the Lower 48 in November, along with an expected rise in LNG demand, baseload natural gas prices for November were trending higher, according to NGI’s Bidweek Alert (BWA). Northeast locations swung from a discount to a premium over benchmark Henry Hub prices as brief blasts of frigid air…

Cheniere Energy Inc. has begun measuring greenhouse gas (GHG) emissions at its two Gulf Coast LNG export terminals to demonstrate its progress to export “cleaner” natural gas. The Houston-based liquefied natural gas exporter has joined the United Nations Environment Programme’s (UNEP) Oil and Gas Methane Partnership (OGMP) 2.0. Cheniere has also initiated the quantify, monitor,…

Processing plant and pipeline additions should enable natural gas production to more than double in the Montney Shale, according to the Canada Energy Regulator (CER). Expansions by 46 plants have grown capacity in northeastern British Columbia (BC) along the Alaska Highway to 9.2 Bcf/d, or 59% more than the current 5.8 Bcf/d processing volume, a…