LNG

Natural gas prices trimmed about a nickel or so from the forward curve as spring appears to have sprung a couple of weeks early. The April contract was down 6 cents on average for the March 4-10 period, while the summer strip (April-October) was down 4.0 cents, according to NGI’s Forward Look. Similar losses were…

The Port of Corpus Christi in South Texas, one of the nation’s top oil and natural gas exporters, has signed a memorandum of understanding (MOU) with Europe’s largest port in the Netherlands to advance global maritime operations.  Co-developing trade and commercial opportunities, exchanging information and advancing the development and deployment of technologies related to navigational…

Brazil is being seen increasingly as an attractive destination for liquefied natural gas (LNG), but regulatory barriers are hindering development of the country’s market. According to analysts at shipbroker Poten & Partners, regasification project developers and infrastructure owners are “pushing back against what they see as regulatory barriers” holding back the promised liberalization of the…

Natural gas futures on Thursday lost ground for the sixth time in seven sessions after the latest federal inventory report disappointed for a second straight week and forecasts called for easing weather demand. The April Nymex contract settled at $2.668/MMBtu, down 2.4 cents day/day. May shed 2.5 cents to $2.703. NGI’s Spot Gas National Avg.…

Chevron Corp. disclosed this week that both of its liquefied natural gas (LNG) facilities in Australia are producing above their nameplate capacity. The San Ramon, CA-based supermajor has increased the initial capacity of the three-train Gorgon development by 5%, while the capacity at the two-train Wheatstone project has grown to 9% above nameplate. Upstream chief…

A federal appeals court ruled Wednesday that the U.S. Fish and Wildlife Service (USFWS) did not violate the Endangered Species Act (ESA) in determining that a pipeline that would feed the Rio Grande liquefied natural gas (LNG) project will not significantly harm wild cats in South Texas. USFWS issued a biological opinion (BO) and incidental…

Quebec investors made a start Tuesday on filling a year-old gap left after Berkshire Hathaway Inc. walked away from the plan for French Canada to enter the global liquefied natural gas (LNG) market. Construction contractors Cegerco and L. Fournier et fils Inc. announced a C$2 million ($1.5 million) initial participation commitment by an entrepreneur group…

Natural gas futures avoided falling further into the red on Wednesday despite expectations for a modest storage withdrawal and forecasts that called for continued mild weather and light heating demand. The April Nymex contract settled at $2.692/MMBtu, up 3.0 cents day/day. The prompt month had declined the five previous trading sessions. May advanced 3.2 cents…

With its focus trained on fulfilling natural gas demand on the Gulf Coast and beyond, Haynesville Shale pure-play Vine Energy Inc. is preparing to go public. The Blackstone Group LP-backed private on Tuesday priced an initial public offering (IPO) for 18.75 million common shares at $16-19 each. At those prices, Vine could raise $328 million…