LNG

As demand destruction from the Freeport liquefied natural gas (LNG) terminal outage continued to loosen balances, strong summer heat failed to prevent natural gas forwards from falling during the June 23-29 trading period. Fixed prices for August delivery at benchmark Henry Hub tumbled 37.4 cents during the period to average $6.499/MMBtu, NGI’s Forward Look data…

Russia is moving to further tighten its grip on the nation’s oil and natural gas supplies, issuing a decree for the country to take over the Sakhalin-2 liquefied natural gas (LNG) export project on Sakhalin Island north of Japan.  An executive order signed by Russian President Vladimir Putin to “protect the national interests” calls for…

The Alaska liquefied natural gas (LNG) terminal project would not have an impact on greenhouse gas (GHG) emissions if constructed, according to the latest analysis from the Department of Energy (DOE). DOE in late June published its draft supplemental environmental impact statement (EIS) for the Alaska LNG project (DOE/EIS-0512-S1). Researchers found that with mitigations already…

MADRID (ICIS) – Spot LNG prices in Asia rose on 30 June but remained at a discount to the European TTF, following the highest TTF front-month price since 9 March.

Korea Gas Corp., aka Kogas, is partnering with TotalEnergies under a tentative agreement to develop more liquefied natural gas (LNG) marketing and development opportunities. Under a memorandum of understanding (MOU), South Korea’s state-run Kogas and the French supermajor could cooperate on improving LNG and low-carbon energy trading to increase price stability for the country. Kogas…

Coming off a huge sell-off in the previous session, natural gas futures recovered some of their losses in early trading Friday as the Freeport liquefied natural gas (LNG) terminal outage continued to roil the market ahead of the extended July Fourth holiday weekend. After plummeting $1.074 on Thursday, the August Nymex contract was up 45.9…

High pressures in a stretch of piping likely caused an explosion that knocked the Freeport liquefied natural gas (LNG) export terminal offline, according to federal regulators, who have proposed requirements that could ultimately delay a return to service. The Pipeline and Hazardous Materials Safety Administration (PHMSA) said the cause of the June 8 incident is…

While investments in the global energy industry are expected to jump 8% from 2021 to 2022, investments in fossil fuels have not returned to pre-pandemic levels, according to the International Energy Agency (IEA). Investments in upstream oil and natural gas activities are projected to rise 10% year/year in 2022, but are likely to fall short…

Permian Highway Pipeline LLC (PHP) sanctioned a 550 MMcf/d natural gas expansion project to boost capacity for the 2.1 Bcf/d West Texas to Gulf Coast system. Using additional compression, the final investment decision (FID) would boost deliveries from the Waha area of West Texas to mainline connections near Houston and Gulf Coast markets. Pending required…