LNG

New York City-based New Fortress Energy LLC (NFE) continues to pursue rapid growth in underserved natural gas markets across the world, announcing plans to enter the offshore liquefaction space and build an import terminal in Southeast Asia.  The company, which is focused on delivering liquefied natural gas (LNG) to markets that lack access to the…

Stabilis Solutions Inc., which produces and distributes small-scale liquefied natural gas (LNG), said Wednesday it has three long-term sales contracts that represent up to 40% of the liquefaction capacity at its George West, TX, plant.  The company said the contracts are with customers in the infrastructure and mining markets. Combined with existing contracted and uncontracted…

Natural gas futures fell further on Thursday — the 10th decline in the last 12 trading sessions — after a bearish storage report and forecasts that showed continued expectations for moderating heating demand. The April Nymex contract settled at $2.481/MMBtu, down 4.7 cents day/day. May lost 4.4 cents to $2.511. Diminished near-term weather demand also…

U.S. liquefied natural gas (LNG) developer NextDecade Corp. has launched a subsidiary focused on carbon capture and storage (CCS) as it aims to lower the greenhouse gas (GHG) footprint of its proposed export project in South Texas. The subsidiary, NEXT Carbon Solutions LLC, will develop what NextDecade says is one of the largest CCS projects…

Brazil’s Chamber of Deputies, the federal legislative body and lower house of the National Congress, on Wednesday passed a highly anticipated natural gas law aimed at opening up the country’s pipelines to market players to increase competition in the sector. The bill, which has been held up for months, now goes to President Jair Bolsonaro…

As natural gas traders looked ahead to a potentially pivotal government storage report for an updated gauge on the supply/demand balance, futures retreated a couple cents in early trading Thursday. The April Nymex contract was down 2.5 cents to $2.503/MMBtu at around 8:45 a.m. ET. Major surveys ahead of this week’s storage report from the…

Natural gas futures dropped back into the red on Wednesday as traders mulled forecasts for mild spring weather and its dampening effect on demand along with polls that showed expectations for only a modest storage withdrawal. The April Nymex contract declined 3.4 cents day/day and settled at $2.528/MMBtu. May fell 4.2 cents to $2.555. The…

European Union (EU) natural gas storage inventories are trending below the 5-year average, setting the stage for a potential boost for U.S. exporters in the coming weeks and months. “Low EU gas stocks are good news for U.S. LNG exporters, notably as U.S. LNG netbacks are relatively high for both Asia and Europe, which should…

Project Canary, an environmental monitoring company, is in discussions with U.S. liquefied natural gas (LNG) terminal operators and buyers as demand has increased dramatically for cleaner energy across the globe.  The company is working with more than 20 U.S. upstream, midstream and downstream natural gas operators to measure hundreds of data points that certify the…