LNG

Pieridae Energy Ltd. could be looking to sell its abandoned Goldboro LNG project in Nova Scotia to an Irish energy firm, according to a recently published regulatory filing. Calgary-based Pieridae asked Nova Scotia’s utility and review board for permission to transfer its approvals for the potentially 1.3 Bcf/d export project to Simply Blue Group, a…

Equinor ASA is phasing out gas-fired generation in one of its most prolific natural gas production hubs in favor of electricity as it looks to increase both the sustainability and the lifespan of its North Sea operations. Norway’s Equinor disclosed that its offshore facilities at the Sleipner field and the adjacent Gudrun platform had been…

After tumbling in the previous session, natural gas futures held steady in early trading Tuesday as the market continued to assess apparent weakness in both export and production volumes. The May Nymex contract was trading fractionally lower at $1.690/MMBtu at around 8:45 a.m. ET. The latest daily production estimates from Wood Mackenzie showed domestic output…

Global natural gas prices were stable Monday despite Iran’s unprecedented attack on Israel as the market assessed whether a broader conflict could break out in the Middle East.  The May Title Transfer Facility contract in Europe climbed 1% to finish near $9.70/MMBtu, adding to the strongest gains last week since October amid rising geopolitical tensions.…

Federal regulators have authorized partial service to start on a small stretch of the pipeline that would feed natural gas to the Golden Pass LNG export project under construction south of Port Arthur, TX. FERC approved Golden Pass Pipeline LLC’s (GPPL) request to start service on the MP 69 Compressor Station Free Flow Line. The…

As weaker export numbers and a mild spring forecast hampered the near-term demand outlook, natural gas futures sank in early trading Monday. After eking out a modest day/day gain on Friday, the May Nymex contract was down 4.8 cents to $1.722/MMBtu at around 8:45 a.m. ET. June was off 5.1 cents to $1.978.  The natural…

The Amigo liquefaction project planned in western Mexico has been positively impacted by the Biden administration’s pause on new U.S. LNG export permits, according to LNG Alliance CEO Mutthu Chezhian. LNG Alliance is developing the Amigo LNG project at the port of Guaymas in Sonora on Mexico’s Pacific coast. The Amigo project would include a…

European Union (EU) lawmakers approved new rules that would allow member countries to limit LNG imports from Russia as cargoes continue to hit Europe’s ports in record numbers. Under the new gas market regulations, countries could legally block Russian exporters from being able to bid on liquefied natural gas import or storage capacity. “We have…

State-owned Petronas has started construction on Malaysia’s third floating LNG (FLNG) facility to better help it capitalize on stranded natural gas assets amid failing production from other fields.  The design and construction of the nearshore facility “is expected to be simpler, and upon completion, has the potential for improved production uptime as it will be…