LNG

Latin American liquefied natural gas (LNG) demand has had a record year in 2021 and it is not letting up, tightening a global gas market that has sent prices spiking around the world. Imports of LNG into Latin America for the first eight months of the year added up to 10.44 million tons, according to…

Cheniere Energy Inc. has received permission from federal regulators to introduce feed gas to the sixth train at its Sabine Pass liquefied natural gas (LNG) terminal in Louisiana, raising the likelihood that U.S. exports will increase further by year’s end.  The Federal Energy Regulatory Commission granted Cheniere’s Sept. 15 request to introduce feed gas for…

Tourmaline Oil Corp., Canada’s largest natural gas producer, plans to boost spending and pull forward some drilling in the Montney Shale originally scheduled for next year into the final weeks of 2021. The company credited “materially reduced drilling times,” particularly at its northeastern British Columbia assets, with the decision.  Tourmaline reported a 20% reduction in…

Natural gas futures continued to rebound early Friday as the market contemplated lean stockpiles heading into winter, as well as the looming front-month expiration. The October Nymex contract was up 9.7 cents to $5.073/MMBtu at around 8:50 a.m. ET. November was trading 10.2 cents higher at $5.145. The U.S. Energy Information Administration (EIA) on Thursday…

Natural gas futures rebounded with vigor on Thursday, propelled by domestic and global supply challenges as the peak winter demand season looms. The October Nymex contract shot up 17.1 cents day/day and settled at $4.976/MMBtu. November jumped 18.8 cents to $5.043. At A Glance: Futures spike 17.1 cents EIA prints 76 Bcf storage injection Cash…

On the heels of rejection by the Quebec government of a liquefied natural gas (LNG) proposal, Energie Saguenay has run into another negative opinion by a federal regulator. The latest rejection follows one in July by the province’s Environment Ministry for GNL Quebec’s proposed terminal and Gazoduq pipeline.  “The project is likely to cause direct…

After four solid weeks of steep increases, natural gas forward prices buckled during the trading period ending Tuesday as the start of the fall season ushered in cooler weather and a decline in demand. October prices plunged an average of 54.0 cents from Sept. 16-21, while November tumbled 55.0 cents on average, according to NGI’s…

A roundup of news and commentary from NGI’s LNG Insight Freeport LNG is working through a backlog of tankers this week. The vessel Prism Brilliance was loading at the terminal Thursday. Five vessels are waiting in the Gulf of Mexico to load at Freeport and three more are on their way, according to Kpler. No…

DT Midstream has an enviable market, delivering natural gas across the United States and into Canada, but a new project in the Haynesville Shale is looking to the discriminating cadre of overseas customers that want carbon-neutral fuel. CEO David Slater, who delivered a keynote address in Chicago earlier this month at the LDC Gas Forums-Midcontinent,…