LNG

Natural gas futures on Monday cruised higher for a second consecutive session as forecasts pointed to stronger weather-driven demand over the back half of July. The August Nymex contract advanced 10.5 cents day/day and settled at $3.779/MMBtu. The prompt month had gained 6.0 cents on Friday to close out trading last week. The September contract…

A consortium of Canadian natural gas producers is teaming up with the Nisga’a Nation and Houston-based liquefied natural gas (LNG) developer Western LNG LLC on plans for another export project in British Columbia (BC).  The consortium known as Rockies LNG Partners, along with the other proponents, announced Monday the initial project description for the Ksi…

Global natural gas prices were climbing again on Monday, picking up from gains last Friday as hotter weather and supply issues have the market heading higher as the week gets underway. Prices rebounded in Europe late last week after the European Commission unveiled a climate package aimed at cutting emissions and boosting renewables that had…

U.S. natural gas demand and prices are “off to the races,” driven by a convergence of supply and demand-related factors as the world emerges from Covid-19, IHS Markit’s Jack Weixel, senior director, said Monday. Liquefied natural gas (LNG) exports to the global market, pipeline exports to Mexico, and capital discipline by upstream producers all have…

Mexico was set to receive its first cargo of carbon offset liquefied natural gas on Friday (July 16), according to a Thursday announcement by BP plc and Sempra.  Subsidiaries of the firms inked a contract for delivery of the cargo to Sempra’s Energía Costa Azul (ECA) terminal on Mexico’s Pacific Coast. Greenhouse gas (GHG) emissions…

A hotter shift in forecasts over the weekend helped spark a rally for natural gas futures in early trading Monday. The August Nymex contract was up 7.9 cents to $3.753/MMBtu at around 8:50 a.m. ET. Forecasts increased demand expectations over the weekend by showing hotter temperatures to close out the month of July, according to…

Natural gas futures rebounded on Friday, following three straight daily losses, as traders mulled the potential for paltry levels of stockpiles ahead of the withdrawal season later this year. The August Nymex contract gained 6.0 cents day/day and settled at $3.674/MMBtu. September advanced 5.7 cents to $3.658. NGI’s Spot Gas National Avg., however, fell 13.5…

Lured by liquids-rich natural gas and growth prospects, Topaz Energy Corp. has snagged a share in Tourmaline Oil Corp.’s production from the Montney Shale in northeastern British Columbia (BC) for C$145 million ($116 million). The deal announced Thursday gives Topaz 4% royalty interests in gas and 2.5% in liquids tapped by larger player Tourmaline Oil…

Cheniere Energy Inc. has signed an agreement for Tourmaline Oil Corp. to supply natural gas for an expansion project at Cheniere’s Corpus Christi export terminal in South Texas at prices linked to the Asian spot market.  The deal brings Cheniere another step closer to sanctioning the Stage 3 liquefied natural gas (LNG) export expansion project,…