LNG

U.S. liquefied natural gas (LNG) exports to China have ramped up this year but remain far below the levels specified in a phase one trade deal signed in January by the two countries to try to improve trade relations. Since U.S. LNG exports to China resumed in March after a hiatus of more than one…

Royal Dutch Shell plc, the world’s largest liquefied natural gas (LNG) trader, has chartered four newbuild, low-emission LNG tankers to be delivered beginning in mid-2024. “These ships will play a key role in lowering emissions from the Shell time charter fleet,” said Head of Shell Shipping & Maritime Grahaeme Henderson. “As well as reducing emissions…

Natural gas futures extended their gains for a fourth consecutive session as weather models continue to tease more cold for the end of the month and into January. The January Nymex contract settled Monday at $2.682, up 9.1 cents from Friday’s close. February climbed 7.5 cents to $2.678. Spot gas prices also rallied at the…

The U.S. Department of Energy (DOE) has extended through 2050 the long-term liquefied natural gas (LNG) export license of the Energía Costa Azul (ECA) facility that was sanctioned for the west coast of Mexico last month.  ECA was one of seven LNG export projects for which DOE granted an extension following a policy change implemented…

Global natural gas prices again moved higher last week as forecasts trended colder, and supply disruptions and a tight shipping market continued.  Spot prices in North Asia moved above $11.00/MMBtu last week, hitting a new two-year high. One bid for a January cargo was reportedly placed for more than $12.00 as the week got underway.…

Asian liquefied natural gas (LNG) spot prices are at two-year highs and are projected to remain strong enough next summer to prevent significant cancellations of U.S. LNG cargoes in 2021, BofA Global Research analysts said. Projected U.S. LNG export arbitrages for next summer are now positive, in the range of $0.75-$1.00/MMBtu, the analysts said in…

Boosted in part by the prospect of a colder temperature shift around the start of the new year, natural gas futures surged higher in early trading Monday. The January Nymex contract was up 10.1 cents to $2.692/MMBtu at around 8:45 a.m. ET. Compared to previous expectations, the weather outlook was largely unchanged early Monday, according…

The U.S. Department of Energy (DOE) has extended another seven long-term liquefied natural gas (LNG) export licenses through 2050, following a policy change implemented by the Trump administration earlier this year.  The authorizations extend export terms for the Golden Pass facility under construction in Sabine Pass, TX, as well as the Texas LNG project proposed…

Weather dominated natural gas forward price action for a third consecutive week, sending prices through the winter lower despite record export demand and cuts to production, according to NGI’s Forward Look. However, losses were less severe than the prior two weeks, and prices stabilized a bit for the summer 2021 strip (April-October) and beyond, with…