LNG

The government of Morocco has invited bids to consider a floating storage and regasification unit (FSRU) and associated infrastructure at Mohammedia Port near Casablanca, the Agence Nationale des Ports (ANP) said this month.  Last November, Algeria canceled its long-term 1 billion cubic meters (Bcm)/year supply contract to Morocco via the Maghreb-Europe Gas Pipeline because of…

The U.S. Energy Information Administration (EIA) reported a pull of 179 Bcf natural gas from storage for the week ended Jan. 7, the largest so far this winter and in line with expectations. Nymex natural gas futures, already down in morning trading following a four-day rally, held deep in the red after the print. Ahead…

To ensure the United States holds its mantle as a top natural gas and oil producer, the American Petroleum Institute (API) plans to push for continued access to federal leasing and advocate that producers advance their work to reduce carbon emissions.

After rocketing higher amid intensifying January cold expectations, natural gas futures pared their gains early Thursday as one of the major weather models advertised warmer trends overnight. The February Nymex contract was down 25.9 cents to $4.598/MMBtu at around 8:55 a.m. ET. NatGasWeather early Thursday highlighted notable warmer trends overnight from the American model. However,…

Russia’s second largest natural gas producer, PAO Novatek, has signed two long-term liquefied natural gas (LNG) supply contracts from its Arctic LNG 2 project with two Chinese distributors.  A subsidiary of China’s largest independent gas distributor, ENN Natural Gas Co. Ltd., agreed to purchase 0.6 million metric tons/year (mmty) for 11 years from Novatek. Volumes…

Global oil and gas investment is expected to grow by $26 billion this year as the industry continues to recover from the worst of the coronavirus, according to new analysis from Rystad Energy. Overall oil and gas investment is forecast to climb by 4% to $628 billion this year from $602 billion in 2021. “The…

With updated weather models continuing to predict intense cold in the Lower 48 later this month, natural gas futures were up sharply in early trading Wednesday. The February Nymex contract had rallied 18.7 cents to $4.436/MMBtu as of around 8:45 a.m. ET. The European weather model shifted “decidedly colder” overnight, a development that was “clearly…

Natural gas futures advanced for a third consecutive session on Tuesday, led higher by mounting levels of U.S. exports, as well as continued expectations for robust domestic demand and increased storage withdrawals. The February Nymex gas futures contract gained 17.0 cents day/day and closed at $4.249/MMBtu. March rose 13.4 cents to $3.968. NGI’s Spot Gas…

Global oil and gas investment is expected to grow by $26 billion this year as the industry continues to recover from the worst of the coronavirus, according to new analysis from Rystad Energy. Overall oil and gas investment is forecast to climb by 4% to $628 billion this year from $602 billion in 2021. “The…