LNG

Houston-based Stabilis Solutions Inc. is expanding its reach in the growing liquified natural gas (LNG) bunkering sector with the acquisition of a production facility in Port Allen, LA. The fuels specialist said Tuesday it had completed the acquisition of the facility from HR Nu Blu Energy LLC for an undisclosed amount.  The small-scale plant came…

With a flip of the calendar and a notably warmer outlook for June, natural gas futures prices roared back after the Memorial Day holiday weekend. A sharp decline in supply — though seen as possibly temporary — also influenced pricing, with the July Nymex futures contract settling Tuesday at $3.104/MMBtu, 11.8 cents higher than Friday’s…

Global natural gas prices moved higher Tuesday, recovering losses late last week as a warmer shift in forecasts was seen lifting demand in places like the United States and Asia.  In Europe, where colder spring weather has been driving abnormal heating demand for this time of year, temperatures are heating up. Natural gas prices on…

Canada’s Pieridae Energy Ltd. announced last week that partner recruitment has begun for a greenhouse gas (GHG) disposal and clean power project in Alberta that would offset emissions from its planned Goldboro liquefied natural gas (LNG) project in Nova Scotia. Pieridae said the new project would repurpose its Caroline natural gas plant in central Alberta…

California’s Sempra Energy is looking to develop a second liquified natural gas (LNG) project in Mexico called Vista Pacifico at Topolobampo in Sinaloa state.  Sempra LNG regional vice president Brian Lloyd said last week the project would import natural gas from U.S. shale basins for re-export as LNG. Vista Pacifico would have an export capacity…

In an abbreviated trading period ahead of the long Memorial Day weekend, weekly cash prices dipped lower amid mild temperatures throughout the nation’s midsection and Northeast. With both heating and cooling demand light on a national level, NGI’s Weekly Spot Gas National Avg. for the May 24-27 period fell 6.0 cents to $2.685. Gas traded…

Natural gas futures recovered on Friday along with stronger export volumes and increased expectations for national cooling demand in June. The July Nymex contract rose 2.8 cents day/day and settled at $2.986/MMBtu. August gained 2.9 cents to $3.007. In its debut as the front month on Thursday, the July contract had dropped 6.9 cents following…

Energy producers and advocates in the Rockies region are looking south of the border for Pacific Coast market options as the outlook for a Western U.S. export facility appears increasingly unlikely. With development of the Jordan Cove liquefied natural gas (LNG) project in Oregon on pause following regulatory setbacks, the Sempra Energy-led Energia Costa Azul…

With hot weather starting to penetrate parts of the United States and export demand expected to return to near-record levels following spring maintenance, natural gas forward prices strengthened for the trading period ending May 26, according to NGI’s Forward Look. Gains were weighted to the front of the curve, with June prices rising an average…