LNG

Natural gas futures extended their recent losses in early trading Monday as weather-driven demand expectations continued to erode in modeling over the weekend. Coming off a 35.6-cent sell-off in Friday’s session, the December Nymex contract was down another 7.9 cents to $5.347/MMBtu at around 8:20 a.m. ET. Declines in European natural gas benchmarks likely drove…

TotalEnergies SE posted big gains on the global commodities rally in the third quarter, tapping its integrated structure to supply a world short on energy and sharply reversing the losses it sustained during the pandemic downturn last year. “The global economic recovery, notably in Asia, drove all energy prices sharply higher in the third quarter…

Flashes of colder temperatures to start the heating season, alongside characteristic volatility coinciding with the Nymex futures contract expiration, propelled natural gas forwards sharply higher during the Oct. 21-27 trading period, according to NGI’s Forward Look data. Fixed price Henry Hub forwards for November rallied $1.087 to reach $6.220/MMBtu during the period, leading a wave…

ExxonMobil has boosted its annual spending on low-carbon ventures to $3 billion a year over the next five years, four times higher than initially planned, with expanded emissions targets set to be issued later this year, CEO Darren Woods said Friday. Woods detailed the $15 billion capital now earmarked during a wide-ranging conference call. Analysts…

Plans to expand natural gas infrastructure across Asia could prove harmful to the region as the world transitions from fossil fuels, according to a new report by environmental advocate Global Energy Monitor (GEM).  GEM said the $379 billion of planned gas-fired power plants, natural gas pipelines and liquefied natural gas (LNG) terminals across Asia could…

Click here to listen to the latest episode of NGI’s Hub & Flow podcast in which NGI’s Mexico & Latin America editor Christopher Lenton sits down with Nikos Tsafos, the James R. Schlesinger Chair in Energy and Geopolitics with the Energy Security and Climate Change Program at the Center for Strategic and International Studies to…

With limited global supplies and robust demand entering the peak winter season, Raymond James analysts this week boosted their already bullish natural gas price forecasts for this year and 2022. Analysts J.R. Weston and John Freeman said they raised their full-year 2021 Henry Hub average price forecast 6% to $3.70/MMBtu and their expectation for next…

Gunvor Group Ltd. has agreed to employ four newbuild liquefied natural gas (LNG) carriers as the trading house looks to cut emissions tied to its operations.  Subsidiary Clearlake Shipping is securing long-term time charters with Monaco-based shipowner Celsius Tankers. Celsius expects to take delivery of the new vessels from Samsung Heavy Industries Co. Ltd. (SHI)…

The natural gas industry may no longer equivocate about whether to responsibly produce and transport lower carbon fuel, as customers are lining up in North America and abroad, according to a Williams executive. At the LDC Natural Gas Forum held earlier in October in New Orleans, Williams’ Angela John shared the midstream infrastructure giant’s strategy…