LNG

Robust needs for U.S. exports across Asia, Europe and Mexico – coupled with expectations for another sizzling summer domestically – could keep supply/demand balances tight and upward price pressure firmly in place this summer, industry experts said. The upbeat outlook developed across an LDC Gas Forums Southeast conference panel moderated Tuesday by NGI’s James Alston,…

Further “green shoots” are emerging in the liquefied natural gas (LNG) market as buyers and sellers ink more long-term supply deals after a stretch of inactivity over the past two years amid a supply glut and the pandemic, according to Evercore ISI.  Evercore analysts led by Sean Morgan said Tuesday the European Title Transfer Facility…

Another change in the weather data, this time more supportive for gas demand, sparked a rebound in natural gas futures on Tuesday. Strong cash prices and a large dip in production aided in the rally, which resulted in the July Nymex futures contract jumping 5.8 cents to settle at $3.128. August climbed 5.1 cents to…

The Energy Information Administration (EIA) has raised its expected average 2021 Henry Hub natural gas spot price to $3.07/MMBtu, which would come in more than $1 above the $2.03 average recorded in 2020. In the June edition of its Short-Term Energy Outlook issued Tuesday, the agency said it expects the average spot price at the…

Growth prospects firmed up for liquefied natural gas (LNG) exports from British Columbia (BC) on Tuesday as Calgary-based Pembina Pipeline Corp. agreed to buy a half-stake in Cedar LNG. Pembina agreed to take 50% ownership and an operator role in Cedar, crafted by the Haisla Nation. The initial commitment is C$112.5 million ($90 million) to…

Protecting the role of natural gas in the global energy mix long-term is centered around cleaning up methane, a top BP plc executive said Tuesday. BP Energy Co. CEO Orlando A. Alvarez assured an audience at the 21st annual LDC Gas Forums Southeast conference that gas would play an integral role in the world’s energy…

Member states of the European Union (EU) on Monday approved a $21.3 billion fund to help workers and companies transition away from carbon-intensive industries.  The Just Transition Fund (JTF) would finance projects that would alleviate the socio-economic costs involved in achieving the EU’s goal of a 55% reduction in greenhouse gas emissions by 2030 and…

Rising cooling demand expectations in recent weather model runs had natural gas futures rebounding sharply in early trading Tuesday. The July Nymex contract was up 9.2 cents to $3.162/MMBtu at around 8:50 a.m. ET. After settling 2.7 cents lower at $3.070 in Monday’s session, the July contract “quickly rebounded” in after hours trading following a…

Natural gas futures opened the week lower as a trifecta of bearish factors, including a large drop in export feed gas demand, brought prices down a couple of notches. The July Nymex gas futures contract fell 2.7 cents to $3.070. August fell 2.5 cents to $3.089. Spot gas prices were higher, however, as heat blanketed…