LNG

Several Oklahoma landowners are pressing FERC to investigate what they say amounts to collusion involving an environmental compliance monitor, a Cheniere Energy Inc. pipeline subsidiary and the agency’s own Office of Energy Projects (OEP). Central Land Consulting LLC (CLC), which represents landowners on right-of-way for the Midcontinent Subheader Interstate Pipeline (Midship), said in recent filings…

China Petroleum & Chemical Corp., aka Sinopec, said Tuesday it has proved more unconventional natural gas resources in the Sichuan Basin as the country works to boost its domestic output.  State-owned Sinopec said it proved another 34 billion cubic meters (Bcm) of gas reserves in the Zhongjiang field in the southwestern part of China. The…

Volatility abounded Tuesday as natural gas futures quickly gave back the gains they accumulated at the top of the week. Pressured by weaker power burns, the September Nymex gas futures contract settled at $3.837, off 10.9 cents from Monday’s close. October tumbled 10.9 cents to $3.851. At A Glance: LNG, production stable Coal could steal…

A roundup of news and commentary from NGI’s LNG Insight Gazprom PJSC said unusually high demand in Russia and elsewhere has made it difficult to maintain sufficient natural gas flows to Europe. Russian pipeline deliveries to the continent this year have been down, helping to keep supplies tight and prices up. A fire earlier this…

The liquefied natural gas (LNG) shipping market is expected to tighten in the coming years as carrier owners fill charters and older, higher emitting vessels are pushed out of the market, Flex LNG Ltd. CEO Øystein Kalleklev said. One-year term charter rates have risen since the start of the year as global LNG demand has…

Australia’s Woodside Petroleum Ltd and BHP Group said Tuesday they would merge their natural gas and oil portfolios in an all-stock transaction estimated to be worth $28 billion, to create one of the biggest producers in the world. The proposed merger under the Woodside brand would create the largest energy company listed on the Australian…

Natural gas futures pulled back in early trading Tuesday as forecasts showed cooler temperatures to close out the month, and as analysts pointed to signs of weaker demand for gas in the power sector. The September Nymex contract was down 4.1 cents to $3.905/MMBtu at around 8:50 a.m. ET. The American Global Forecast System gave…

A technical bounce fueled by lower wind generation sent natural gas futures higher to start the week. The September Nymex gas futures contract settled Monday at $3.946, up 8.5 cents from Friday’s close. October climbed 8.5 cents to $3.960. Spot gas prices were mixed on Monday, with mostly mild weather across the country. However, big…

European natural gas prices again set records Monday as Russian pipeline imports were poised to fall further next month, exacerbating fears that the continent would be short of supplies this winter as storage inventories remain low.  Gazprom PJSC booked a fraction of the 15 million cubic meters (MMcm) of firm transportation capacity available through Ukraine…