LNG

The $1 trillion infrastructure bill passed by the U.S. Senate Tuesday with bipartisan support includes a big boost in spending on renewable energy, the power grid and programs to broadly promote lower greenhouse gas emissions to slow climate change. The massive bill contains more than $550 billion in new spending. About $110 billion of that…

San Diego-based Sempra is advancing plans to expand the Energia Costa Azul (ECA) liquefied natural gas (LNG) export project in Mexico, CEO Jeffrey Martin said during a recent earnings call. Subsidiaries Sempra LNG and Infraestructura Energética Nova (IEnova) late last year sanctioned the 3.25 million metric ton/year (mmty) ECA LNG Phase 1 liquefaction project. The…

New Fortress Energy Inc. said it had few issues in the second quarter signing up customers for liquefied natural gas (LNG) and power generation assets that it is developing in Brazil, where energy demand has set records this year.  NFE said it inked eight sales agreements for 5.8 million gallons/day of LNG to underpin import…

Prominent energy lenders said the oil and gas sector has clearly turned a corner following the rebound in oil prices and the surge in natural gas demand this year. Bankers anticipate increased drilling and the beginning of stronger loan demand in the second half of 2021 – a first since prior to the coronavirus pandemic.…

Natural gas futures were virtually unchanged in early trading Tuesday as forecasters continued to expect intense heat in the current week to ease later this month. The September Nymex contract was up 0.4 cents to $4.064/MMBtu as of around 8:45 a.m. ET.  With some days in the 15-day window shifting slightly hotter and others slightly…

After another run toward $4.200/MMBtu last week, natural gas futures took a nosedive on Monday as long-range weather forecasts continued to cool while liquefied natural gas (LNG) demand remained well off recent highs. The September Nymex gas futures contract settled at $4.060, off 8.0 cents from Friday’s close. October dropped 7.9 cents to $4.075. Spot…

Natural gas prices across the world tumbled on Monday, correcting after a stretch of gains that saw some benchmarks again set records last week. In Europe, prices closed lower across the curve. The Title Transfer Facility hit a record last week, when the prompt contract finished at nearly $15/MMBtu. Pipeline imports were largely stable on…

Pembina Pipeline Corp. laid the foundation for potential future growth by securing three partnerships, described as “significant and transformational,” during the first six months of this year. Among the partnerships is a venture with TC Energy Corp. called Alberta Carbon Grid into carbon capture, utilization and storage (CCUS). The Calgary-based pipeline companies proposed building a…

Spanish energy major Repsol SA is the sole owner of Canada’s only liquefied natural gas (LNG) import terminal after it purchased Irving Oil Ltd.’s share in the project. Repsol, which previously a  held 75% stake in the terminal, added Irving’s 25% interest in the disused Canaport LNG terminal at St. John, New Brunswick. The value…