LNG

Already strong U.S. exports climbed higher Tuesday, but a weakening weather outlook and anticipation of a storage injection kept natural gas futures in check. The May Nymex contract debuted as the prompt month by falling 3.0 cents day/day to $2.623/MMBtu. June shed 2.7 cents to $2.681. Cash prices, in contrast, climbed on Tuesday amid a…

Tellurian Inc. subsidiary Driftwood Pipeline LLC (DWPL) is holding a binding open season through Friday (April 2) to test support for up to 4.6 Bcf/d on the proposed Line 200 and Line 300 expansion project in Louisiana. The expansion of the 4 Bcf/d Driftwood pipeline is part of a larger system network planned by Tellurian…

Santos Ltd. has sanctioned a $3.6 billion development in the Timor Sea to extend the life of the Darwin gas export facility in Australia. Australia-based Santos said Tuesday the final investment decision (FID) would also kick off a separate $600 million investment to extend the life of the 3.7 million metric tons/year Darwin liquefied natural…

New Fortress Energy Inc. (NFE) said Monday it has signed an agreement to supply natural gas to two power plants owned by Mexican state power utility Comisión Federal de Electricidad (CFE) in Mexico’s difficult-to-reach Baja California Sur (BCS) state. NFE will supply the equivalent of about 250,000-500,000 gallons (20,000-40,000 MMBtu)/d of liquefied natural gas (LNG)…

Click here to listen to a new episode of NGI’s Hub & Flow podcast. Overall, leading natural gas marketers in North America collectively posted lower 4Q2020 sales volumes when compared with the year-earlier quarter. The result extended a streak of declining or flat year/year results that dates to mid-2019, NGI’s latest Top North American Natural…

With little change to the temperature outlook in the latest round of forecast data, natural gas futures hovered close to even in early trading Tuesday. The May Nymex contract was up 0.1 cents to $2.654/MMBtu at around 8:45 a.m. ET. There were no major changes in the overnight weather data, according to NatGasWeather. Both the…

Natural gas futures gained ground Monday. April closed out its run as the prompt month amid forecasts for light domestic demand but robust export volumes. The April Nymex contract settled at $2.586/MMBtu, up 2.9 cents day/day. May, which becomes the prompt month on Tuesday, advanced 3.4 cents to $2.653. NGI’s Spot Gas National Avg. gained…

A salvage team on Monday finally dislodged the massive container ship that’s been stuck in the Suez Canal for nearly a week, clearing a path for hundreds of vessels to begin transiting the crucial waterway. Aided by the tides, nearly a dozen tugboats refloated the 1,312-foot-long  Ever Given which slowly made its way through the…

Canadian oil and gas job losses will continue this year and take until 2022 to brighten, the industry’s workforce monitoring agency is reporting. The contraction is prolonged by corporate takeovers and efficiency drives in response to low prices, the Covid-19 pandemic and environmental policies, according to the Calgary-based Petroleum Labor Market Information (PetroLMI). “Industry is…