LNG

Danish shipping giant AP Moller-Maersk A/S plans to roll out the first of eight large container vessels fueled by carbon-neutral methanol in 2024, four years after the company rebuffed liquefied natural gas (LNG) as a low-carbon transition fuel. The vessels are to be built by Hyundai Heavy Industries (HHI) with nominal capacity of about 16,000…

Natural gas futures advanced early Thursday as traders contemplated potential energy impacts of tropical weather expected to target the Gulf Coast by next week. The September Nymex contract was up 6.3 cents to $3.960/MMBtu as of around 8:50 a.m. ET. October was up 6.9 cents to $3.994. The National Hurricane Center (NHC) as of early…

Deploying carbon capture and storage (CCS) technologies could cut more than one-quarter of emissions associated with global liquefied natural gas (LNG) facilities, according to consultancy Wood Mackenzie. Senior analyst Daniel Toleman said the main options for reducing LNG emissions include CCS, carbon offsets, methane leakage reduction, electrification, as well as renewables and batteries. However, CCS…

A roundup of news and commentary from NGI’s LNG Insight A German court dealt a blow to the Nord Stream 2 (NS2) pipeline project Wednesday. The court found that the project must comply with a European Union rule requiring ownership of transmission and natural gas to be separate. The ruling impacts project owner Gazprom PJSC’s…

Associated natural gas production from U.S. onshore oil plays fell in 2020, marking the first year/year decline in output since 2016, the Energy Information Administration (EIA) said in a research note published Monday. Production of associated gas from the Permian and Anadarko basins, as well as from the Bakken, Eagle Ford and Niobrara shales, fell…

Despite day/day production declines, natural gas futures were virtually unchanged early Wednesday as analysts highlighted risks to exports in the latest tropical weather outlook. After trading lower earlier in the morning, the September Nymex contract was up 0.3 cents to $3.919/MMBtu as of around 8:50 a.m. ET. The tropical weather outlook suggests risks to liquefied…

Natural gas futures slipped several notches Tuesday as export demand weakened a bit and the latest data showed more seasonal weather ahead. The September Nymex contract settled 4.9 cents lower day/day at $3.896. October slipped 4.4 cents to $3.916. Spot gas prices, however, continued to strengthen amid widespread heat and humidity across the country. NGI’s…

The Covid-19 Delta variant could dampen global oil demand and threaten U.S. natural gas activity if the rapid spread of the virus continues into the fall. In the United States, overall case totals and hospitalizations remain lower than the highs reached last winter before vaccine campaigns were widespread. However, reported infections are on the rise…

With hot temperatures in the current week expected to fade after the weekend, natural gas futures lost ground in early trading Tuesday. As of around 8:50 a.m. ET, the September contract was down 3.2 cents to $3.913/MMBtu. The market struggled to find direction in Monday’s session despite sizable gains in projected cooling degree days (CDD)…