LNG

Argentina has commissioned a second floating storage and regasification unit (FSRU) to meet higher-than-expected natural gas demand this upcoming winter in the Southern Hemisphere. The country’s natural gas buyer, Integración Energética Argentina (Ieasa), has leased an Excelerate Energy LP FSRU for the Bahía Blanca port. This will add to the existing FSRU now stationed at…

It’s shaping up to be a drastically different summer for U.S. liquefied natural gas (LNG) exporters as the global market has unexpectedly tightened and demand has spiked in a reversal of fortunes from last year when trade slumped to historic lows.  “Things changed a lot,” said Rystad Energy’s Carlos Torres Diaz, head of gas and…

Pembina Pipeline Corp. has told a federal appeals court that it is pausing development of the proposed Jordan Cove liquefied natural gas (LNG) export terminal and related Pacific Connector pipeline to assess the impact of recent regulatory setbacks. The project has been in the works for eight years, but it’s faced staunch opposition in Oregon,…

Lingering cold weather and strong export demand fueled a modest rebound for natural gas forward prices across North America during the trading period from April 15-21, according to NGI’s Forward Look. Falling prices on the U.S. East Coast, however, brought the overall average down at the front of the curve, while more notable gains were…

Energy stakeholders endorsed President Biden’s strengthening of U.S. climate change commitments on Thursday, but they also stressed the importance of natural gas in achieving deep decarbonization of the economy. Biden said Thursday the United States will target a 50-52% reduction in economy-wide greenhouse gas (GHG) pollution by 2030 versus 2005 levels. The announcement, made during…

As traders and analysts continued to work out the balance implications of a leaner-than-expected injection in the latest government inventory report, natural gas futures hovered close to even early Friday. Holding on to the previous session’s 5.7-cent gain, the May Nymex contract was trading 0.6 cents higher at $2.755/MMBtu at around 8:45 a.m. ET. The…

Natural gas futures prices strengthened Thursday after the latest government storage data pointed to continued tightness in the market. The May Nymex contract settled at $2.749, up 5.7 cents from Wednesday’s close. June climbed 5.5 cents to $2.831. Spot gas prices were mixed, but fell off sharply on the East Coast as the coldest temperatures…

Energy stakeholders endorsed President Biden’s strengthening of U.S. climate change commitments on Thursday, but they also stressed the importance of natural gas in achieving deep decarbonization of the economy. Biden said Thursday the United States will target a 50-52% reduction in economy-wide greenhouse gas (GHG) pollution by 2030 versus 2005 levels. The announcement, made during…

Prime Minister Justin Trudeau set a carbon emissions reduction target of 40-45% by 2030 for Canada, matching the goal declared Thursday by President Biden at the virtual global climate change summit. “Canada understands that if you don’t have a plan to tackle climate change, then you don’t have a plan to create jobs and economic…