LNG

U.S. liquefied natural gas (LNG) player NextDecade Corp. is one step closer to sanctioning a carbon capture and sequestration (CCS) project associated with its planned LNG facility in South Texas after signing an initial agreement with Houston-based independent Occidental Petroleum Corp. (Oxy). Houston-based NextDecade said Thursday it had inked a term sheet with Oxy Low…

Natural gas forward prices posted modest increases across the majority of U.S. markets for the trading week ending March 24, buoyed largely by record export demand, according to NGI’s Forward Look. With the spring shoulder season underway, gas bulls have struggled to gain momentum in recent weeks. Aside from stormy weather patterns that could drive…

A roundup of news and commentary from NGI’s LNG Insight The Ever Given was still stuck in the Suez Canal on Friday afternoon after running aground Tuesday. About 10 tugboats, two dredger vessels and additional machinery and equipment on the banks are working to refloat the massive container ship, according to shipping services firm Leth…

Natural gas futures rallied on Thursday after a bullish government inventory report and amid consistently solid demand for U.S. liquefied natural gas (LNG) exports. The April Nymex contract climbed 5.2 cents day/day and settled at $2.570/MMBtu. May gained 4.8 cents to $2.616. It marked the fourth time in five trading sessions that the prompt month…

Natural gas forward prices posted modest increases across the majority of U.S. markets for the trading week ending March 24, buoyed largely by record export demand, according to NGI’s Forward Look. With the spring shoulder season underway, gas bulls have struggled to gain momentum in recent weeks. Aside from stormy weather patterns that could drive…

The potential for a significant backlog of vessels carrying commodities and other goods increased Thursday as a massive container ship remained stuck in the Suez Canal after running aground Tuesday. Vessels waiting to pass through the canal or approaching it as of Wednesday included seven crude, 15 refined products, five liquefied natural gas (LNG) tankers…

A seven-year-old contender to move liquefied natural gas (LNG) exports from French Canada vowed to earn Quebec government approval after doubts were  raised Wednesday in a provincial environmental assessment. Risks and rewards were documented, but no recommendation was made regarding the estimated $10 billion Energie Saguenay and Gazoduq pipeline projects. The 506-page assessment was completed…

The U.S. Energy Information Administration (EIA) on Thursday reported a withdrawal of 36 Bcf from natural gas storage for the week ending March 19. The pull was steeper than market expectations, boosting Nymex futures. “It was cooler than normal over areas of the West, Plains and New England” during the EIA report period, according to…

Natural gas futures on Wednesday gained ground for the third time in four sessions amid steady demand for U.S. liquefied natural gas (LNG) and concern about delayed export deliveries after a huge container ship was grounded in the Suez Canal. The April Nymex contract climbed 1.0 cent day/day and settled at $2.518/MMBtu. May followed suit,…