LNG

Concerns about peak oil demand and stranded assets may curtail the energy industry’s appetite for sanctioning projects with long lead times, according to Raymond James & Associates Inc. The analyst team led by Pavel Molchanov in a note to clients on Monday said forecasting the peak of global oil demand is unsure “but suffice it…

Canadian oil and gas production will climb for another 20 years without policy changes to help meet the federal government’s new target for net-zero carbon emissions by 2050, the Canada Energy Regulator (CER) said. In the report “Canada’s Energy Future 2020” issued on Tuesday, a CER reference scenario of business as usual forecasts a 47%…

Venture Global LNG Inc. has selected KBR Inc. to lead the first phase of construction for its Plaquemines liquefied natural gas (LNG) export project in a surprise announcement just months after KBR said it would exit the energy business.  Venture Global said as the engineering, procurement and construction (EPC) contractor KBR would “integrate highly modularized,…

U.S. natural gas prices are forecast to average $3.30/MMBtu in 2021, with even higher prices predicted next summer, according to BofA Securities. The analyst team led by Francisco Blanch, head of commodities and derivatives research, discussed the outlook for energy overall during a webcast on Tuesday.  “The bottom line is that higher prices are needed…

President-elect Joseph R. Biden Jr. on Tuesday introduced several potential cabinet-level members of his foreign policy and national security team, including former Secretary of State John Kerry as the first-ever climate change czar. In addition to proposing Kerry as special presidential envoy for climate, Biden’s nominees as of Tuesday included National Security Advisor Jake Sullivan,…

Mexico’s Pacific Coast could see more than one natural gas export project being developed in the coming years as Asian markets increase their appetite for imports of cheap and reliable U.S. gas via the shortest transport route possible. Mexico Pacific Ltd. LLC’s (MPL) CEO Doug Shanda thinks his company’s liquefied natural gas (LNG) export project…

Liquefied natural gas (LNG) is a growing business across the world, and a key part of that growth is in small-scale applications that provide energy solutions and allow consumption of the super-chilled fuel in remote areas, but the “small-scale” label can be a confusing one. Small-scale LNG is generally considered to include the production and…

Boosted by a colder look to forecasts for early December, natural gas futures extended their recent gains in early trading Tuesday. The December Nymex contract was up 5.5 cents to $2.766/MMBtu at around 8:40 a.m. ET. January was up 6.3 cents to $2.886. After “not being quite as bearish” in Monday’s runs, the weather data…

Global natural gas prices fell across the board last week, weighed down by warmer weather in Europe and North America, along with continued measures to battle the coronavirus that have cut demand. January Japan Korea Marker (JKM) futures slid  to $6.375/MMBtu on Friday, finishing well below the $7.00 mark near where the contract has been…