LNG

Mexico Pacific Ltd. LLC (MPL) continues to advance its liquefied natural gas (LNG) export project for the Pacific coast of the country. This week, the company signed a collaboration agreement with ConocoPhillips LNG Licensing LLC and Bechtel. Together, the companies plan to work with construction firm Techint SA de CV to pursue “innovative lower carbon…

Demand for natural gas is expected to prove greater this winter than last, based on projections for colder temperatures in the northern United States and a higher overall level of heating degree days (HDD), analysts at the American Gas Association (AGA) said Tuesday. At the same time, demand for U.S. exports – both via pipeline…

Qatar’s state-owned oil and natural gas company has announced entry into the Canadian energy patch by picking up a 40% share in a suspended ExxonMobil Canada Ltd. drilling project 270 miles offshore of the Newfoundland capital, St. John’s. QatarEnergy, formerly Qatar Petroleum, described the deal as gaining a foothold in an established producing region by…

EIG Global Energy Partners, a private equity firm that specializes in investments in energy infrastructure, agreed on Monday to pay Origin Energy Ltd $1.59 billion for a minority stake in Australia Pacific LNG Pty Limited, a joint venture with ConocoPhillips and Sinopec.   The liquefied natural gas (LNG) project is the largest by liquefaction capacity on…

Russia has factored heavily into the global dialogue surrounding this year’s energy shortages, particularly as it relates to the country’s role as the leading supplier of natural gas to Europe. Weather patterns, supply chain issues, production outages and the pandemic, among other things, have collided to create shortages of everything from coal and natural gas…

A roundup of news and commentary from NGI’s LNG Insight  Venture Global Inc. has requested authorization from FERC to commission its first block of smaller, modular liquefaction trains at the Calcasieu Pass LNG terminal in Louisiana. The company requested that commissioning be allowed to begin by Friday (Oct. 29).  FERC has granted Cheniere Energy Inc.…

Despite projecting higher-than-average temperatures across much of the United States this winter that would typically dampen gas-fired power demand, FERC last week predicted rising natural gas prices for the period. A newly released Federal Energy Regulatory Commission report, “2021-2022 Winter Energy Market and Reliability Assessment,” anticipates an average Henry Hub futures price of $5.63/MMBtu for…

With limited global supplies and robust demand entering the peak winter season, Raymond James analysts on Monday 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…

As the market factored in warmer forecasts that hinted at milder temperatures returning in mid-November, natural gas futures retreated in early trading Tuesday. After probing as high as $6.091/MMBtu in after hours trading, the November Nymex contract was back down at $5.742 at around 8:50 a.m. ET, off 15.6 cents from the prior day’s settle.…