LNG

SINGAPORE (ICIS) –The ICIS TTF April ‘22 contract soared to $36.84/MMBtu on 23 March, up almost 17% day on day, with a further increase on Thursday. The May ’22 contract tracked the April ’22 contract’s gains, and continued to hold a small premium.

The oil and natural gas industry praised the Biden administration Friday announcement of a joint U.S.-European Union (EU) task force to increase liquefied natural gas (LNG) supply to Europe. The White House said it would seek to expedite approvals of pending LNG export projects, a move long advocated by the industry, in order to help…

The United States has a chance to deliver on its pledge to move more liquefied natural gas (LNG) to Europe, but it won’t be easy in a tight global market that is expected to be short on supplies in the coming years. The White House and European Commission offered few specifics about how the U.S…

NextDecade Corp. has landed a second customer for its proposed Rio Grande liquefied natural gas (LNG) project in South Texas, announcing a long-term deal with a major Chinese utility as it heads closer to a possible final investment decision (FID) later in the year.  The Houston-based company disclosed Thursday it has entered a heads of…

The White House on Friday pledged to expedite approvals for liquefied natural gas (LNG) projects and coordinate additional LNG supplies to Europe to end the continent’s dependence on Russian fossil fuels by 2027. The objective is part of a joint task force established by the United States and European Commission (EC) in response to Russia’s…

A tightening backdrop in the natural gas market – in part because of unrelenting export demand and its impact on domestic supplies – fueled continued momentum for forward prices through the trading period ending March 23.  Fixed prices rallied by as much as 25.0 cents for the April contract, with similarly plump increases seen throughout…

The White House on Friday pledged to expedite approvals for liquefied natural gas (LNG) projects and coordinate additional LNG supplies to Europe to end the continent’s dependence on Russian fossil fuels by 2027. The objective is part of a joint task force established by the United States and European Commission (EC) in response to Russia’s…

Against a geopolitical backdrop of an overseas supply crunch, and with estimates showing domestic production continuing to underperform, natural gas futures extended their recent rally in early trading Friday. Adding to a 16.9-cent rally in the previous session, the April Nymex contract was up 12.5 cents to $5.526/MMBtu at around 8:50 a.m. ET. The Biden…

The natural gas futures market shrugged off a bearish government inventory report and flew higher Thursday amid robust demand for U.S. exports, extending a rally to four straight sessions. The April Nymex gas futures contract climbed 16.9 cents day/day and settled at $5.401/MMBtu. May rose 17.2 cents to $5.446. NGI’s Spot Gas National Avg. slipped…