LNG

Natural gas futures plummeted on Tuesday as domestic production held strong and storage levels were projected to prove ample for winter, while forecasts pointed to soft weather-driven demand in both the United States and Europe. The December Nymex contract dropped 44.8 cents day/day and settled at $4.979/MMBtu. January fell 43.5 cents to $5.070. Tuesday’s trading…

A recent open season for short-term natural gas capacity on the Alliance Pipeline was “nearly three times oversubscribed,” and the system is now fully contracted for 2022, according to Pembina Pipeline Corp. CEO Michael Dilger discussed third quarter results during a recent earnings conference call and offered some insight into 2022 expectations.  Alliance over the…

Natural gas futures plummeted on Tuesday as domestic production held strong and storage levels were projected to prove ample for winter, while forecasts pointed to soft weather-driven demand in both the United States and Europe. At A Glance: Production hovers near 95 Bcf Markets expect modest storage increase Demand steady for U.S. exports The December…

Sempra is budgeting a record high $15 billion five-year capital plan for its Texas electric utility as it works to meet projected load growth in “one of the fastest growing markets in the country,” CEO Jeff Martin said late last week. The San Diego-based company’s Oncor Electric Delivery Co. LLC subsidiary had boosted capital expenditures…

Natural gas spot prices are set to average $5.53/MMBtu over the next few months as near-average winter inventory draws and higher liquefied natural gas (LNG) exports figure to help keep prices elevated into early 2022, the Energy Information Administration (EIA) said Tuesday. In its latest Short-Term Energy Outlook (STEO), EIA reported an average Henry Hub…

Natural gas futures teetered between gains and losses much of Monday as traders contrasted rising production and mild fall weather forecasts against strong demand for U.S. exports of liquefied natural gas (LNG). The December Nymex contract, however, ultimately settled at $5.427/MMBtu, down 8.9 cents day/day amid domestic demand weakness. January fell 12.1 cents to $5.505.…

San Diego-based Sempra Infrastructure said it could sanction a second liquefied natural gas (LNG) export terminal on Mexico’s Pacific Coast ahead of another planned U.S. export project. In discussing third quarter 2021 results, Sempra Infrastructure CEO Justin Bird said the Vista Pacifico LNG export facility would be similar in size to Phase 1 of the…

Houston-based EOG Resources Inc., one of the Lower 48’s biggest oil and natural gas producers, is looking to give back to shareholders instead of boosting volumes, with discipline still the mantra going into 2022. The independent delivered better-than-expected natural gas, oil and liquids production during 3Q2021, along with sharply higher profits, CEO Ezra Yacob said…

Management for New Fortress Energy Inc. expects liquefied natural gas (LNG) demand to “materially” exceed supply through 2039, saying in the third quarter 2021 earnings report that underinvestment in fossil fuels has left the global market vulnerable. Investment in oil and gas projects, according to NFE, has dropped sharply in recent years, going from $800…