LNG

Cheniere Energy Inc. has agreed to supply liquefied natural gas (LNG) to Chinese utility ENN Natural Gas Co. Ltd. for 13 years beginning in July 2022.  Under the sales and purchase agreement (SPA), subsidiary ENN LNG Pte Ltd. would purchase 900,000 metric tons annually on a free-on-board basis. ENN would pay prices indexed to Henry…

European natural gas stockpiles could be completely drained over the next few months, leaving the continent wholly dependent on Russian pipeline imports if this winter turns out to be unseasonably cold in both Europe and Asia, according to an analysis from Wood Mackenzie. Colder winter weather across the globe could raise European heating demand to…

Volatile natural gas futures probed both sides of even in after hours trading ahead of Monday’s session as the market weighed cooler weekend weather trends against easing domestic storage adequacy concerns. After earlier rallying to as high as $5.799/MMBtu, the November Nymex contract was down 13.5 cents to $5.430 at around 8:50 a.m. ET. Liquefied…

After another week of turbulent swings in the natural gas market, bulls and bears appeared ready to take a breather on Friday. November Nymex gas futures still gyrated in a more than 30-cent range, but were poised to settle nearly flat on the day before a late-session sell-off ended with the contract off 11.2 cents…

A jittery natural gas market bracing for a winter of extreme pricing turned in a week of volatile trading for the Sept. 30-Oct. 6 time frame, but forward prices trended lower overall as mild weather and rising stockpiles soothed nerves over the domestic supply situation. Forward prices at most trading locations took their cues from…

A jittery natural gas market bracing for a winter of extreme pricing turned in a week of volatile trading for the Sept. 30-Oct. 6 time frame, but forward prices trended lower overall as mild weather and rising stockpiles soothed nerves over the domestic supply situation. Forward prices at most trading locations took their cues from…

A growing industrial sector and record-high export activity are expected to be key drivers of increased U.S. natural gas demand this winter, according to a leading trade group. Liquefied natural gas (LNG) exports are expected to grow by 16% over last winter, while pipeline exports to Mexico are expected to get an 18% boost, the…

Construction on the first phase of the Royal Dutch Shell plc-led liquefied natural gas (LNG) export facility in British Columbia, known as LNG Canada, has hit the halfway point, with activity to accelerate in the coming months. In a notice posted on the LNG Canada website Wednesday, management said the project had “just surpassed the…

Big swings in natural gas and electricity prices, along with the devastating impact from Hurricane Ida, will impact Royal Dutch Shell plc’s bottom line in the third quarter, the integrated major said Thursday. In a preview of its quarterly results, the Anglo-Dutch producer said the Integrated Gas segment, which includes its substantial liquefied natural gas…