LNG

Woodside Petroleum Ltd. said Monday that it would go ahead with the $12 billion Scarborough liquefied natural gas (LNG) project, sanctioning a large dry gas field off the coast of Western Australia and an expansion at its Pluto export facility.  The Scarborough field is about 230 miles off the coast. It would feed a second…

NextDecade Corp. has filed an application with FERC to include carbon capture and sequestration (CCS) systems at its proposed Rio Grande liquefied natural gas (RGLNG) export project in Brownsville, TX.  The company is seeking to modify the Federal Energy Regulatory Commission’s 2019 authorization to site, construct and operate the terminal. It has requested a “limited…

Click here to listen to the latest episode of NGI’s Hub & Flow podcast for an overview of what’s moving LNG markets as colder weather settles in across the Northern Hemisphere.  NGI’s Senior LNG Editor Jamison Cocklin is joined by Jason Feer, global head of business intelligence at consultancy and shipbroker Poten & Partners, to…

Natural gas futures were down sharply in early trading Monday as weather models over the weekend advertised a pattern that would deliver notably warmer-than-normal temperatures for early December. The December Nymex contract was down 25.2 cents to $4.813/MMBtu at around 8:45 a.m. ET. Compared to Friday’s outlook, the largest change in the temperature outlook occurred…

Weekly natural gas cash prices gained ground amid snow and freezing conditions that originated in the West and traveled across the northern half of the country, generating robust heating demand. NGI’s Weekly Spot Gas National Avg. for the Nov. 15-19 period climbed 18.5 cents to $4.875 A chilly weather system tracked out of the Mountain…

The Royal Canadian Mounted Police (RCMP) deployed Thursday to rescue about 500 pipeline construction workers who had been trapped since Sunday by native protest blockades against TC Energy Corp.’s Coastal GasLink (CGL) project in northern British Columbia (BC). Reinforced RCMP squads established an access control point and stepped up patrols to clear protesters and barricades…

Natural gas forward prices recorded a third straight week in the red as weather models continued to show variability in the forecasts, rather than sustained cold. Liquefied natural gas (LNG) demand, meanwhile, neared all-time highs as production fluctuated but stood well off summer lows. All the gyrations in the supply/demand balance left the December forward…

A roundup of news and commentary from NGI’s LNG Insight European carbon prices hit record highs this week. The allowances purchased by the power and manufacturing sectors for emissions closed at 69.32 euros/metric ton ($78.25) on Friday.  Stronger gas prices, colder weather and rules for an international carbon market reached at COP26 have all prompted…

After some notable swings in after hours trading, natural gas futures hovered close to even in early trading Friday as forecasters highlighted volatility in the weather data. The December Nymex contract was up 3.7 cents to $4.939/MMBtu at around 8:50 a.m. ET. Weather models as of early Friday had been “all over the place” in…