LNG

Chart Industries Inc. has recently seen growing interest in technology and equipment related to small-scale liquefied natural gas (LNG) developments since the start of the year, but it expects large-scale activity to be muted this year. “From the beginning of the year until now, our small-scale pipeline has easily grown $150 million from a quoting…

The Norwegian Petroleum Safety Authority (PSA) said a fire last year at Equinor ASA’s 4.3 million metric tons/year Hammerfest liquefied natural gas terminal resulted from “serious breaches” of regulations. The facility in northern Norway, where a fire broke out last September, receives and liquefies natural gas from the Snohvit field in the Barents Sea. It…

The European Commission on Wednesday punted the question of natural gas as an energy transition fuel down the road as it moved closer to making official criteria for what it considers a “green” investment. The College of Commissioners reached a political agreement on the European Union (EU) Taxonomy Climate Delegated Act, which aims to provide…

Baker Hughes Co. is projecting global demand growth for oil and natural gas into the second half of the year, aligned with rising demand for carbon-neutral products. “As we look ahead to the rest of 2021, we remain cautiously optimistic that the global economy and oil demand will recover from the impact of the global…

Carbon dioxide (CO2) emissions are poised to soar in 2021 as energy use mounts alongside global economic momentum, the International Energy Agency (IEA) said in a report Tuesday. The Paris-based energy watchdog estimated that emissions would spike by 1.5 billion metric tons/year. It would mark the second-biggest increase on record and more than reverse the…

Natural gas futures retreated in early trading Wednesday amid forecasts for mild temperatures and lower weather-driven demand starting next week. The May Nymex contract was down 3.3 cents to $2.694/MMBtu at around 8:45 a.m. ET. The latest 15-day forecast from Bespoke Weather Services remained essentially unchanged early Wednesday, albeit with a slight change in the…

After a meaningful step higher over the past week or so, natural gas futures steadied a bit on Tuesday and traded in a tight range. Small deviations in supply and demand ultimately sent the May Nymex contract down 2.2 cents to settle at $2.727, while the June contract slipped 1.5 cents to $2.803. Spot gas…

Natural gas prices in Europe and Asia are moving higher as the market has continued to tighten in a trend that’s setting the stage for a  bullish summer for liquefied natural gas (LNG) exports.  Both the prompt Title Transfer Facility (TTF) and National Balancing Point contracts jumped above $7/MMBtu last week, while Japan-Korea Marker (JKM)…

Liquefied natural gas (LNG) is unlikely to play a significant role in decarbonizing maritime transport, according to a World Bank report.  Ammonia and hydrogen produced from renewable electricity are more promising options as the sector works to cut its emissions to comply with international standards in the coming decades, the bank said.   The International Maritime…