LNG

Canadian Prime Minister Justin Trudeau has singled out the oil and gas industry as a target for toughened pollution policing in his campaign for reelection of his Liberal government in a Sept. 20 national vote. “Let’s be realistic,” said Trudeau as he unveiled an environmental plank in the party platform at a weekend rally in…

Assessing the damage in the wake of Hurricane Ida continued Tuesday, with the number of power outages and shut-in Gulf of Mexico (GOM) natural gas and oil production virtually unchanged. In fact, power outages for utility customers in the direct path of Ida may last three weeks or longer, Louisiana’s largest provider Entergy Corp. said.…

Amid expectations for potentially lasting demand impacts from former Hurricane Ida, natural gas futures fell in early trading Tuesday. The October Nymex contract was off 6.8 cents to $4.237/MMBtu at around 8:55 a.m. ET. As of early Tuesday Ida was moving over northern Mississippi as a tropical depression, carrying maximum sustained winds of 30 mph,…

Though still early for a full assessment of former Hurricane Ida, natural gas futures traders on Monday focused squarely on the destruction of natural gas demand brought about by the catastrophic Category 4 storm. The October Nymex gas futures contract, on its first day in the prompt position, settled at $4.305, off 8.3 cents from…

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…

As the global natural gas market has grown and become more liquid in recent years, its dominant suppliers and end-users have shifted as well.  For the past half century Japan has held the title of the world’s largest liquefied natural gas (LNG) buyer, but that’s poised to change this year. China is set to take…

Weekly cash prices surged amid lofty temperatures and solid cooling demand across much of the Lower 48. NGI’s Weekly Spot Gas National Avg. for Aug. 23-27 period jumped 29.5 cents to $4.105/MMBtu. Conditions were ripe for robust air conditioner use across most of the Lower 48 during the week, with highs in the 90s over…

It’s likely that more U.S. natural gas will be liquefied for export this winter as two projects in Louisiana continue to advance.  Both the Calcasieu Pass export terminal and a sixth train at the Sabine Pass facility recently signaled that they could be up and running by the end of the year. Venture Global LNG…

Following through on the previous session’s prodigious rally and then some, natural gas futures soared early Friday as traders contemplated tight balances and a potential major Gulf Coast hurricane. The expiring September Nymex contract was up 18.0 cents to $4.364/MMBtu at around 8:45 a.m. ET. October was up 17.2 cents to $4.383. At 8 a.m.…