Big fluctuations continued along the Nymex natural gas futures curve early Monday as traders wrestled with hotter shifts in the latest weather models and a step up in production. The September contract, which rolls off the board later this week, settled at $3.945, up 9.4 cents on the day. October also picked up 9.4 cents…
LNG
Articles from LNG
European Natural Gas Tumbles as Norwegian Supplies Bounce Back — LNG Recap
European natural gas prices fell again on Monday and weighed down those in Asia as pipeline imports increased and the market gained more clarity on when exactly Russia’s Nord Stream 2 (NS2) pipeline might start operations. Norwegian supplies climbed upward Monday as more capacity returned from the Troll Field, where maintenance has limited volumes. Construction…
Indigenous Partnerships Proving Vital to Canada’s Natural Gas Development
By combining natural gas growth with native economic ambitions, Canada’s natural gas industry is trying out a formula for an environmental, social and governance investment standard that caters to stakeholder demands. A trio of British Columbia (BC) liquefied natural gas (LNG) projects, seeking total exports of as much as 2.76 Bcf/d, is employing cooperation with…
Natural Gas Futures Rally Early on ‘Notable’ Weather-Driven Demand Gains Over Weekend
Natural gas futures advanced in early trading Monday as forecasts over the weekend increased heat expectations for the eastern Lower 48 to close out the month of August. The September Nymex contract was up 6.4 cents to $3.915/MMBtu at around 8:50 a.m. ET. Based on hotter forecast trends over the weekend, the latest Bespoke Weather…
COLUMN: Mexico Isthmus Project is Loved by Politicians, but Rife with Complications
Editor’s Note: NGI’s Mexico Gas Price Index, a leader tracking Mexico natural gas market reform, is offering the following column by Eduardo Prud’homme as part of a regular series on understanding this process. The opinions and positions expressed by Prud’homme do not necessarily reflect the views of NGI’s Mexico Gas Price Index. Mexican politicians have…
Aside from Appalachia and West Coast, Looser Balances See Natural Gas Forwards Tumble
Loosening balances, evidenced by a weekly inventory build that overshot major surveys, accompanied declines in forward prices for most of the Lower 48 during the Aug. 12-18 trading period, NGI’s Forward Look data show. Nymex September futures experienced some up-and-down action, but on the whole lost ground during the Aug. 12-18 time frame, including a…
LNG Market Seen Tightening Further With Little Relief in Sight as Winter Nears
This winter is shaping up to be one of the tightest in years for the global natural gas market as strong demand has continued throughout the year and left inventories woefully short. Liquefied natural gas (LNG) supply disruptions in Angola, Brunei, Nigeria and Trinidad and Tobago, to name a few, have also led to incremental…
Technip Energies, KBR See Liquids Production, Savings Give Boost to FLNG
Floating liquefied natural gas (FLNG) projects could offer a cost-competitive alternative to offshore venting and flaring as operators increasingly take aim at their carbon footprints, industry experts said at the Offshore Technology Conference in Houston this week. Around 30% of offshore associated gas is flared globally, said Technip Energies SE’s Jean-Philippe Dimbour, director of business…
European Natural Gas Falls as NS2 Signals Start of Operations This Year — The Offtake
A roundup of news and commentary from NGI’s LNG Insight European natural gas prices fell Thursday amid signs that Russia could begin shipping natural gas to the continent via the Nord Stream 2 (NS2) pipeline this year. Gazprom PJSC said the line is 99% finished and would be capable of shipping 5.6 billion cubic meters…
Port of New Orleans, Cleancor Partner to Advance LNG Bunkering
The Port of New Orleans and Cleancor Energy Solutions LLC have signed a memorandum of understanding (MOU) to develop liquefied natural gas (LNG) fueling services for ships in the port. Cleancor, which distributes small-scale LNG and compressed natural gas, would work with the port to provide the super-chilled fuel for bunkering. The port would provide…