LNG

A trio of international liquefied natural gas (LNG) shippers saw improved financials in the first quarter as demand grew and prices strengthened. Flex LNG Ltd., Teekay LNG Partners LP and Golar LNG Ltd. reported stronger demand for time charters as spot prices in Asia shot up in January and the cooldown in February was short-lived,…

Natural gas futures kicked off the trading week Monday on a sour note as forecasted weather demand eased, production ticked up and power burns were light. At A Glance: Forecasts call for cooler conditions next week LNG holds strong, but production ticks up Spot prices advance along with demand in the West The June Nymex…

Intercontinental Exchange Inc. (ICE) said its Title Transfer Facility (TTF) futures contract, a leading European natural gas benchmark that’s become increasingly tied to global trade of the fuel, reached an all-time open interest record of 1.93 million contracts earlier this month.  Open interest for TTF, or the number of outstanding derivative contracts that serves as…

A sharp drop in cooling demand expectations from forecasts over the weekend had natural gas futures tumbling in early trading Monday. The June Nymex contract was down 6.8 cents to $2.838/MMBtu at around 8:50 a.m. ET. Weather models over the weekend “abruptly shifted much cooler” by lowering cooling demand expectations for the eastern half of…

The transition to a net-zero carbon future puts uncertainty into an estimated $14 trillion worth of upstream oil and natural gas assets, with no assurance that demand will continue to rise, according to analysts. The industry, whose fortunes are tied to discoveries, consumption and price volatility, has seen its risks “tempered by a single tenet,…

Without any widespread summer heat on the weather maps yet, natural gas forward prices continued to fluctuate in their recent range during most of the trading period ending May 19. A brief move above the $3.00 mark for the June contract proved fleeting, with the prompt month slipping by a penny on average, according to…

Many of the liquefied natural gas (LNG) export facilities already under construction or in planning will not be needed in the future if the world is to reach net zero greenhouse gas emissions by 2050, the International Energy Agency said in a bombshell report this week. The world’s oil and gas needs in a net…

Tim Mendelssohn, managing director and co-founder of Spark Commodities, believes the liquefied natural gas (LNG) trade needs more options to manage risk as the market continues to evolve and more players buy and sell the super-chilled fuel.  He launched Spark in early 2019 along with Charles Vallantin Dulac with the backing of commodity data and…

Without any widespread summer heat on the weather maps yet, natural gas forward prices continued to fluctuate in their recent range during most of the trading period ending May 19. A brief move above the $3.00 mark for the June contract proved fleeting, with the prompt month slipping by a penny on average, according to…