LNG

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…

Royal Dutch Shell plc is vowing to appeal what it called a “disappointing court decision” after a Dutch court ruled the energy major had to reduce its carbon emissions in 2030 by 45%, sharply more than planned. Shell has set a goal to reduce its carbon dioxide (CO2) emissions by the end of the decade…

Tellurian Inc. said Thursday it has signed a deal to supply a subsidiary of global commodities trader Gunvor Group Ltd. with 3 million metric tons/year (mmty) of liquefied natural gas (LNG) from the proposed Driftwood LNG export terminal in Louisiana.  The announcement was a major step forward for the 27.6 mmty facility proposed near Lake…

Natural gas futures on Wednesday built on the gains of a day earlier as a favorable shift in the weather-demand outlook offset expectations for a triple-digit storage injection with the federal government’s pending inventory report Thursday.  The June Nymex contract gained 7.1 cents day/day and rolled off the board after settling at $2.984/MMBtu on Wednesday.…

A hedge fund launched only last year proved to be the little Engine No. 1 that could on Wednesday, winning at least two seats on the ExxonMobil board. The upstart hedge fund, which controls only 0.02% of the shares, last year began a quest to force change at the Irving, TX-based supermajor. In January, it…

Canadian natural gas production growth in the next three decades will rely on overseas exports, as well as blending with hydrogen as a demand substitute for fossil fuels, according to new research. Liquefied natural gas (LNG) tanker cargoes and hydrogen derived from well flows are more than 80% of potential Alberta and British Columbia (BC)…

Despite the absence of new near-term catalysts, natural gas futures bounced back on Tuesday as traders sharpened their focus on the looming summer cooling season and ongoing expectations for U.S. export demand to prove strong through 2021. The June Nymex contract, which rolls off the boards at the close Wednesday, gained 2.7 cents day/day and…

European and Asian natural gas prices are recovering from last week’s losses as supply concerns and strong buying have spurred gains so far this week.  In Europe on Tuesday near-curve prices closed higher for both the Title Transfer Facility and National Balancing Point contracts through August.   Russian gas giant Gazprom PJSC reportedly did not take…

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,…