With unrelenting scorching temperatures permeating the Lower 48, natural gas prices for August baseload gas were trending sharply higher on the first two days of bidweek trading (July 25-26), NGI’s Bidweek Alert data showed. Notably, gas prices at the majority of U.S. locations moved back above $8.00/MMBtu for August delivery, after having slumped below $6.00…
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Cheniere, NextDecade Each Clinch LNG Contracts for Asian Deliveries
The hot summer of long-term LNG supply contracts for U.S. exporters is continuing this week with another pair of separate sales and purchase agreements (SPA) by Cheniere Energy Inc. and NextDecade Corp. A Cheniere subsidiary secured a 1 million metric tons/year (mmty) SPA for liquefied natural gas with Thailand’s PTT Public Co. Ltd. (PTT). Houston-based…
LNG Exports and the Rising Cost of U.S. Natural Gas – Listen Now to NGI’s Hub & Flow
Click here to listen to the latest episode of NGI’s Hub & Flow podcast. Paul Cicio, CEO of the Industrial Energy Consumers of America (IECA), joins Jamison Cocklin, NGI’s senior editor of LNG, to discuss the role that rising LNG exports have had in pushing U.S. natural gas prices higher. IECA represents thousands of energy-intensive…
Sempra, Entergy Aiming to Shore Up Low-Carbon Energy Supply for Port Arthur LNG
Sempra Infrastructure said Tuesday it has signed a memorandum of understanding (MOU) with utility Entergy Texas Inc. to develop renewable energy capacity in Southeast Texas to serve Sempra’s Port Arthur LNG terminal and other projects in the area. The companies are aiming “to accelerate the deployment of new renewable energy generation resources and to increase…
Heat Wave, Russian Retaliation and Energy Turmoil in Europe Fuel Natural Gas Futures Rally
Natural gas futures climbed higher on Tuesday – after surging nearly 80 cents over the two prior sessions – bolstered by sustained heat in the U.S. South and West, as well as deepening European supply distress amid the fallout of Russia’s war in Ukraine. The August Nymex gas futures contract gained 26.6 cents day/day and…
European Natural Gas Prices Surge to Highest Levels Since March – The Offtake
European natural gas prices continued their charge higher Tuesday, hitting levels not seen since March. The prompt Title Transfer Facility contract surged by 13% to settle above $59/MMBtu.
LNG Exports and the Rising Cost of U.S. Natural Gas – Listen Now to NGI’s Hub & Flow
Click here to listen to the latest episode of NGI’s Hub & Flow podcast. Paul Cicio, CEO of the Industrial Energy Consumers of America (IECA), joins Jamison Cocklin, NGI’s senior editor of LNG, to discuss the role that rising LNG exports have had in pushing U.S. natural gas prices higher. IECA represents thousands of energy-intensive…
Louisiana XPress Eyes Year’s End for Final Natural Gas Compressor to Serve Gulf Coast Exports
Columbia Gulf Transmission LLC is seeking additional time to construct the last planned compressor station that would expand natural gas throughput to Cheniere Energy Inc.’s Sabine Pass LNG terminal on the Gulf Coast. In a letter to FERC last week, TC Energy affiliate Columbia Gulf said it needs until Dec. 31 to construct and make…
Crude, LNG Drive New Tonnage Record at Corpus Christi Port
The Port of Corpus Christi in South Texas, with an expansion project nearing completion, moved a record 46.4 million tons in the second quarter, it said Monday. Driven by growth in crude and refined products, along with LNG and dry bulk cargo, the port’s tonnage in the quarter surpassed the prior record set in 4Q2021…
Gazprom Again Cuts NS1 Natural Gas Flows to Europe – LNG Recap
Russia’s Gazprom PJSC said Monday that it would again reduce flows on the Nord Stream 1 (NS1) pipeline to take another turbine out of service for repairs, further cutting deliveries to Europe where prices soared on the decision. The company said deliveries on the 745-mile, 6 Bcf/d link between Russia and Germany would be cut…