LNG

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 gas demand. October prices plunged an average of 54.0 cents from Sept. 16-21, while November tumbled 55.0 cents on average, according to…

Colder than normal temperatures could trigger extreme upside volatility for natural gas prices this winter, according to industry experts. In a webinar Tuesday hosted by Refinitiv and NGI, a panel of experts said numerous factors have converged to create a far tighter market than what is normally seen at this time of year. “I traded…

A Newfoundland candidate to launch liquefied natural gas (LNG) exports from Canada’s Atlantic coast stepped forward Tuesday with a prospective native partner and support from the provincial government. LNG Newfoundland & Labrador Ltd., Miawpukek First Nation, the First Nations Major Projects Coalition and provincial Premier Andrew Furey unveiled a “framework agreement” for a C$10 billion…

Stabilis Solutions Inc. has entered memorandums of understanding (MOU) with the Port Isabel Logistical Offshore Terminal (Pilot) in Texas and Louisiana’s Cameron Parish Port, Harbor & Terminal District (CPP) to develop liquefied natural gas (LNG) refueling services for ships calling on the facilities.  Stabilis has now signed on with four ports in recent months to…

Natural gas futures were trading both sides of even early Wednesday as analysts identified potential downside amid an underwhelming weather pattern into early October. After trading in the red earlier in the hour, the October Nymex contract had recovered by around 8:50 a.m. ET, up 7.3 cents to $4.878/MMBtu. Price action in the early-morning hours…

Natural gas futures on Tuesday declined for a fourth straight session, as traders mulled cooling weather patterns and interruptions to U.S. exports of liquefied natural gas (LNG). Global demand, however, remains robust and stockpiles for winter are tight, leaving open the potential for a supply crunch and a surge in prices in the weeks ahead.…

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…

The International Energy Agency (IEA) said Tuesday market fundamentals rather than the energy transition are to blame for record natural gas prices in Europe, but it stressed that Russia could be doing more to help ease the crisis.  European natural gas prices increased by nearly 16% Monday, with the front-month UK benchmark finishing close to…

A roundup of news & commentary from NGI’s LNG Insight The vessel LNG Alliance departed Freeport LNG early Tuesday, one week after Tropical Storm Nicholas knocked out power and halted operations at the Texas export terminal.  Power was restored. However, it’s unclear whether all three trains were operating at the terminal after one tripped during…