LNG

President Biden on Monday warned that if Russia invades Ukraine, the 5.3 Bcf/d Nord Stream 2 (NS2) pipeline project will not proceed. The president made the remarks at a press conference, held with German Chancellor Olaf Scholz on his first visit to the White House.  The future of the critical energy infrastructure project to deliver…

Natural gas prices dived lower Monday as traders assessed expectations for warmer weather patterns and the potential for weakening demand over the coming weeks. The March Nymex gas futures contract settled at $4.232/MMBtu, down 34.0 cents day/day. April fell 29.4 cents to $4.198. NGI’s Spot Gas National Avg. dropped $1.885 to $4.735, with substantial losses…

Russian state-owned Gazprom PJSC’s latest 30-year supply deal with China National Petroleum Corp. (CNPC) for 10 billion cubic meters (Bcm) per year via a new pipeline, the Far Eastern route, could eventually increase Russia’s capacity to China by 48 Bcm/year and impact China’s future demand for liquefied natural gas (LNG). The deal comes at a…

Cheniere Energy Inc. said Monday it has completed commissioning the sixth train at its Sabine Pass liquefied natural gas (LNG) terminal in Louisiana, boosting the facility’s production capacity to 30 million metric tons/year (mmty).  CEO Jack Fusco said the 5 mmty liquefaction train was completed ahead of schedule and on budget five months after feed…

Significant weakening in the weather-driven demand outlook over the weekend had natural gas futures tumbling lower in early trading Monday. The March Nymex contract was off 23.0 cents to $4.342/MMBtu at around 8:50 a.m. ET. The weather outlook “jumped notably to the warmer side” over the weekend, with both the American and European modeling advertising…

Venture Global LNG Inc. on Thursday requested FERC authorization to load the first liquefied natural gas (LNG) export cargo from its Calcasieu Pass terminal in Louisiana as early as February 9. The company filed its request a day after revealing in a status report submitted to the Federal Energy Regulatory Commission that it produced first…

The long-planned Alaska liquefied natural gas (LNG) project could competitively rival both foreign and Gulf Coast competitors with deliveries to Asia, according to a new cost analysis by Wood Mackenzie. Alaska LNG could deliver super-chilled gas to Japan with a cost of supply (CoS) of $6.70/MMBtu, under the conditions studied by the consultancy. The latest…

A roundup of news and commentary from NGI’s LNG Insight Europe imported a record 11.6 million tons (Mt) of LNG in January, according to Kpler. Higher prices, short supplies, colder weather and rising geopolitical tensions between Russia and Ukraine pulled cargoes away from Asia toward the continent. LNG imports were 4.5 Mt in January 2021.…

Shell plc came into 2022 at a gallop, with the No. 1 liquefied natural gas (LNG) trading and optimization portfolio righting itself and set for a big year ahead lifted by strong global commodity prices and improving demand. CEO Ben van Beurden and CFO Jessica Uhl discussed the quarter and full-year results with investors during…