LNG

EQT Corp. on Tuesday defended U.S. natural gas producers and argued for boosting exports in a lengthy rebuttal to claims last month by Sen. Elizabeth Warren (D-MA) that “corporate greed and profiteering” are to blame for the sharp rise in energy prices this year. CEO Toby Rice sent a nine-page response to Warren’s Nov. 23…

It won’t be death by a thousand cuts for natural gas. It’ll be far less than that after an increasingly bearish December weather outlook slashed another hefty chunk off natural gas prices to start the week, leaving prompt-month prices down about $1.20 since last Monday (Nov. 29). With production recovering from recent lows and sitting…

Europe’s first cold snap of the season arrived over the weekend, further cutting into natural gas storage inventories and helping to push prices higher Monday.  Already low storage inventories on the continent were cut to 66.8% of capacity from 67.5%. Maxar’s Weather Desk said Monday that the one- to five-day timeframe shows wide-spread “below, much…

Former Parsley Energy Inc. CEO Bryan Sheffield has acquired a roughly 7.4% stake in Australian natural gas explorer Tamboran Resources Ltd. Founded in 2009, Tamboran styles itself as “a natural gas company that intends to play a  constructive role in the global energy transition towards a lower carbon future.” The producer develops unconventional natural gas…

In the story, U.S. poised to Become World’s Biggest LNG Exporter, EIA Says, the article misstated that the country will become the world’s largest LNG exporter next year. Instead, the United States will have the largest export capacity. It takes time for new LNG export projects to ramp up to full production. As a result,…

Natural gas futures tumbled lower in early trading Monday, crashing through the $4/MMBtu barrier as weekend forecast trends further reduced already-mild weather-driven demand expectations. The January Nymex contract was down 38.4 cents to $3.748/MMBtu at around 8:50 a.m. ET. Both the American and European modeling agreed on forecast trends over the weekend that would cut…

The natural gas market returned from Thanksgiving seemingly ready to pull the plug on winter.  Amid forecasts insisting on a milder December pattern that would substantially mitigate risks of a winter supply crunch, natural gas forwards dropped sharply during the Nov. 24-Dec. 1 trading period, NGI’s Forward Look data show. Henry Hub fixed price forwards…

The United States will have the world’s largest liquefied natural gas (LNG) export capacity in 2022 once the sixth train at Cheniere Energy Inc.’s Sabine Pass terminal and Venture Global Inc.’s Calcasieu Pass facility come online in Louisiana next year, according to the Energy Information Administration (EIA).* At that point, peak U.S. LNG production capacity…

A roundup of news and commentary from NGI’s LNG Insight Venture Global Global Inc. has filed with FERC for authorization to build a fourth LNG export terminal in Louisiana. The company also filed for a certificate to build an 85-mile natural gas pipeline to feed the 20 million metric tons/year (mmty) CP2 LNG facility, which…