LNG

Mexico’s CFEnergía (CFE) is seeking formal expressions of interest from private sector firms to build and operate a natural gas pipeline and floating liquefied natural gas (FLNG) terminal.  The 500 MMcf/d pipeline would span from Chinameca, Veracruz, to Salina Cruz, Oaxaca, supplying gas to a 430 MMcf/d or 3 million metric tons/year (mmty) FLNG terminal…

Natural gas futures on Wednesday rebounded as traders mulled ongoing production outages in the Gulf of Mexico (GOM), robust domestic demand and intensifying competition for U.S. exports of liquefied natural gas (LNG). The October Nymex contract jumped 34.6 cents day/day and settled at $4.914/MMBtu. A day earlier, the prompt month shed 14.4 cents. November gained…

Interest from Asian buyers in liquefied natural gas (LNG) exports from Mexico’s Pacific Coast has reached a full-blown frenzy amid soaring natural gas prices and demand, according to Mexico Pacific Limited LLC (MPL) CEO Doug Shanda. Shanda spoke with NGI’s Mexico GPI about the firm’s LNG export terminal planned for Puerto Libertad in Sonora state.…

Coming off a strong run to close out the summer cooling season, Henry Hub natural gas spot prices would likely go on to average $4/MMBtu during the fourth quarter, the Energy Information Administration said in updated projections released Wednesday. The $4.00 forecast for 4Q2021 prices, published in the agency’s latest Short-Term Energy Outlook, comes as…

Initial construction activities have started at the Plaquemines liquefied natural gas (LNG) export project in Louisiana, the development’s sponsor told federal regulators on Tuesday. In a Tuesday FERC filing, Venture Global LNG Inc. said work began at the terminal site on Aug. 18, but was halted on Aug. 27 as Hurricane Ida approached the Louisiana…

An observed drop in Lower 48 production and strength in global prices helped natural gas futures rebound in early trading Wednesday. After slipping 14.4 cents in the previous session, the October Nymex contract had recovered 7.9 cents to trade at $4.647/MMBtu as of around 8:50 a.m. ET. The American and European weather models saw “minor”…

Floating specialist Excelerate Energy LP has reached a deal to import liquefied natural gas (LNG) to Brazil as the nation continues to deal with rising power demand amid a historic drought that has left hydroelectric reservoirs depleted. Under an initial deal struck with state-owned Petróleo Brasileiro SA, aka Petrobras, Houston-based Excelerate would deploy one of…

Seneca Resources Co. LLC plans to certify as responsibly sourced gas (RSG) about 300 MMcf/d of its Appalachia Basin production. The National Fuels Gas Co. subsidiary clinched an agreement with Project Canary to independently certify nearly one-third of its natural gas production.  Seneca said it also plans to install continuous monitoring devices at three well…

Though long gone from the Gulf Coast, Hurricane Ida’s devastation continued across the eastern United States ahead of the Labor Day weekend, wiping out significant production and causing widespread power outages along the way. Supply’s slow expected recovery fueled bullish momentum across natural gas forward curves for the trading period ending Sept. 1, resulting in…