LNG

Under current policies, oil and natural gas production will continue growing through 2050 amid rising global energy consumption driven by developing Asian economies, according to the latest long-term projections from the U.S. Energy Information Administration (EIA). In its International Energy Outlook 2021(IEO2021) report published Wednesday, the agency predicted a nearly 50% increase in global energy…

In another show of volatility, natural gas futures pared their recent gains in early trading Wednesday, slashing double digits off of the previous session’s rally as analysts continued to note an exceptionally mild October forecast. After soaring 54.6 cents higher in Tuesday’s session, the November Nymex contract was down 17.7 cents to $6.135/MMBtu at around…

Natural gas futures broke through $6.000/MMBtu for the second time this week as U.S. production took a notable step down on Tuesday at the same time global supply concerns roiled the domestic market. The November Nymex gas futures contract surged 54.6 cents to settle at $6.312. December gas finished at $6.432, up 52.6 cents on…

A natural gas certification pilot is set to begin this month at Tokyo Gas Ltd.’s properties in the Haynesville Shale of Texas and Louisiana as part of an agreement with Project Canary. Under the pact announced Monday, Project Canary would install continuous emissions monitors and carry out its proprietary TrustWell operational certification on several well…

Natural gas prices across the world jumped again Monday as fundamentals remain unchanged and the global market braces for energy shortages this winter.  In Europe, prices bounced back from a technical correction on Friday, a day after Dutch and British futures settled well above $33/MMBtu and set new records. The Title Transfer Facility (TTF) finished…

Private investment firm Stonepeak Infrastructure Partners is expanding its reach in the liquefied natural gas (LNG) shipping space with the takeover of Teekay LNG in a transaction valued at $6.2 billion. The deal announced Monday would give New York-based Stonepeak access to the third-largest LNG carrier fleet in the world. Teekay owns or has stakes…

Natural gas futures recovered most of their losses from late last week in early trading Monday, rising double digits as analysts continued to see indications of domestic prices responding to conditions in overseas markets. After settling 24.8-cents lower on Friday, the November Nymex contract was up 21.7 cents to $5.836/MMBtu at around 8:45 a.m. ET.…

Natural gas prices soared in October bidweek trading as markets fixated on a potential global supply squeeze and expectations of strong demand for U.S. exports of liquefied natural gas (LNG) by winter. NGI’s October Bidweek National Avg. spiked $1.355 month/month to $5.495/MMBtu. A year earlier, when the coronavirus pandemic weighed heavily on demand, the October…

Friday kicked off the heating season across the Northern Hemisphere and liquefied natural gas (LNG) freight rates also started their annual ascent.  This year could be different. Europe and Asia are locked in a fierce battle for cargoes as inventories remain low and prices have hit new records with benchmarks soaring above $30/MMBtu in both…