LNG

U.S. liquefied natural gas (LNG) producers, riding a wave of heightened demand, pushed the limits of nameplate capacity last year to set an export record. According to updated data by the Energy Information Administration (EIA), domestic export terminals sent an average of 9.7 Bcf/d of the super-chilled gas abroad last year. It was a 50%…

Russia’s invasion of Ukraine has increasingly cast U.S. liquefied natural gas (LNG) producers in a spotlight that could incentivize the next wave of investment in American exports, according to industry experts. The war in Ukraine and resulting sanctions on Russia have tested global energy supply lines, especially in Europe. As the continent’s reliance on Russian…

Natural gas futures pared their recent losses in early trading Wednesday as analysts pointed to generally minor adjustments to the forecast and the supply/demand balance. Coming off a 17.2-cent sell-off in the previous session, the May Nymex contract was up 7.5 cents to $5.405/MMBtu at around 8:50 a.m. ET.  In terms of both weather and…

Natural gas futures floundered on Tuesday as the domestic weather outlook shifted increasingly bearish, production ticked up and energy commodities broadly dipped lower amid pandemic flare-ups and the potential for a cease-fire in Ukraine. On its final day as the prompt month, the April Nymex gas futures contract lost 17.2 cents day/day and settled at…

Energy Transfer LP’s plans for a brownfield liquefied natural gas (LNG) project in Louisiana has gained new momentum after the announcement of two long-term sale and purchase agreements (SPA) with China’s ENN Natural Gas Co. Ltd. Dallas-based subsidiary Energy Transfer LNG Export LLC  said Tuesday it netted two 20-year SPAs with ENN Natural Gas and…

Gains in European natural gas prices were pared Tuesday after peace talks between Russia and Ukraine finally yielded some signs of progress.  While the Title Transfer Facility finished higher Tuesday, gains were muted after Russia said it would cut military operations in the Ukrainian cities of Kyiv and Chernihiv. After talks in Turkey, officials also…

Even as President Biden has stressed the short-term need to increase oil and natural gas output and expedite liquefied natural gas (LNG) project development, the 2023 budget released by the administration Monday focuses almost entirely on transitioning away from fossil fuels. The president’s 2023 budget request for $5.3 trillion total includes funds for the Department…

Chancellor Olaf Scholz’s pledge for Germany to become independent from Russian energy imports “as soon as possible” is said to be supported by ambitious plans, including starting liquefied natural gas (LNG) imports by 2023.  Germany’s Economy and Climate Minister Robert Habeck said at a recent news conference that one of Europe’s largest energy-consuming nations is…

Tellurian Inc. said Monday it would soon start work on its Driftwood liquefied natural gas (LNG) terminal on the Louisiana coast by self-funding basic construction ahead of a final investment decision (FID). The Houston-based company gave approval for Bechtel Energy Inc. to start work on the first phase – 11 million metric tons/year (mmty)– of…