LNG

Only one of seven proposed liquefied natural gas (LNG) projects is due to start up this year in the Philippines despite decades of planning for imports of the super-chilled fuel in the country, demonstrating the challenges smaller Asian nations face in getting infrastructure built. “We see more progress on a wide range of projects, but…

While traders and analysts continued to mull the implications of a leaner-than-expected build in the latest government inventory data, natural gas futures were trading close to even early Friday. After dipping as low as $6.079/MMBtu in after-hours trading, the August Nymex contract was off 0.1 cents to $6.296 at around 8:50 a.m. ET. The Energy…

High liquefied natural gas (LNG) spot prices have again pushed India, Pakistan, and Bangladesh out of the market.  As Russia’s war in Ukraine continues, and the Kremlin has limited exports, European countries have rushed to replace Russian pipeline gas with LNG imports, creating a competitive and expensive global spot market that’s made some small and…

Shell plc expects to see a sharp rebound in the value of its natural gas and oil portfolio when the second quarter results are published, as the long-term outlook for commodity prices and demand soar, the London-based major said Thursday. In a preview of its second quarter results, scheduled to be issued on July 28,…

FERC has suspended its environmental review of the CP2 liquefied natural gas (LNG) export project in Louisiana and a pipeline that would feed it, citing a lack of information to complete the process. The Venture Global LNG Inc. project had been scheduled to receive a draft environmental impact statement (EIS) this month and a final…

Natural gas consumption is expected to grow slowly over the next three years, limited by Russia’s war in Ukraine and the turmoil it’s caused for global energy markets, according to the International Energy Agency (IEA). Russia has limited exports to its largest buyers in Europe, which has helped to push natural gas prices to record…

Amid estimates showing production declines, natural gas futures rallied ahead of the latest government inventory data even as the market braced for a larger-than-average weekly storage injection. The August Nymex contract was up 21.3 cents to $5.723/MMBtu at around 8:50 a.m. ET. Estimates ahead of the latest Energy Information Administration (EIA) storage report, scheduled for…

New Fortress Energy Inc. (NFE) is targeting first natural gas production from the Lakach deepwater field offshore Mexico by the end of 2023, according to CEO Wes Edens. NFE management held a conference call on Thursday to update investors on a series of commercial agreements reached with Mexico’s state-owned energy giants, Petróleos Mexicanos (Pemex) and…

New Fortress Energy Inc. has announced plans to spin-off the majority of its midstream liquefied natural gas business (LNG) into a new joint venture with Apollo Global Management Inc. as it focuses on its own Fast LNG infrastructure. New York-based NFE disclosed its plans to sell 11 LNG assets to the new joint venture in…