LNG

San Diego-based Sempra Energy has reached a final investment decision (FID) for the development, construction and operation of a natural gas liquefaction plant in Mexico’s Baja California. Energía Costa Azul (ECA) is a liquefied natural gas (LNG) joint venture between subsidiaries Sempra LNG and Infraestructura Energética Nova (IEnova). It is the first LNG export project…

U.S. liquefied natural gas (LNG) exports remained strong as the week got underway, with feed gas deliveries holding near record highs of about 10 Bcf/d.  The ongoing strength in domestic cargo departures helped push global exports to their highest level in six months through October, data intelligence firm Kpler said last week. Global exports stood…

Coming off a dramatic sell-off in the previous session, natural gas futures held their ground early Tuesday, although bearish themes continued in the latest forecasts. The December Nymex contract was up 1.2 cents to $2.709/MMBtu at around 8:45 a.m. ET. The temperature outlook to start the winter heating season has been thoroughly disappointing from the…

Despite robust export demand, bearish weather patterns and increased production weighed down natural gas futures on Monday. The December Nymex contract dropped 29.8 cents day/day and settled at $2.697/MMBtu to start the trading week. January fell 25.8 cents to $2.864. NGI’s Spot Gas National Avg. rose 3.0 cents to $2.630, as demand in the Northeast…

With a growing commitment among energy companies to tackle climate change, open interest across Intercontinental Exchange Inc.’s (ICE) environmental complex reached a record high last week. The environmental complex, which includes futures and options connected to ICE’s European and California Carbon allowances, Regional Greenhouse Gas Initiative and renewable energy credits, hit record open interest of…

Lower 48 working natural gas in storage finished the traditional injection season — April 1–Oct. 31 — at 3,920 Bcf, near the record-high of 4,047 Bcf reached in 2016, the U.S. Energy Information Administration (EIA) said Monday. Storage has run high this fall in part because of diminished demand last spring amid lockdown orders put…

Natural gas futures traded sharply lower early Monday as the latest forecasts lowered weather-driven demand expectations and signaled that mild weather could stretch into early December. The December Nymex contract was off 15.1 cents to $2.844/MMBtu at around 8:40 a.m. ET. Weather data was “decidedly” bearish trending over the weekend, with forecast demand dropping compared…

Weekly cash prices rebounded from the nosedive of a week earlier, lifted by a round of winter weather in the Northern Plains that gradually pushed eastward and galvanized heating demand over swaths of the Lower 48. NGI’s Weekly Spot Gas National Avg. for the Nov. 9-13 period climbed 12.5 cents to $2.510. The week before,…

Further gradual improvement in weather-driven demand expectations and continued strength in export levels offset a bearish storage report and boosted natural gas futures on Friday.   The December Nymex contract gained 1.9 cents day/day and settled at $2.995/MMBtu. It had climbed as much as 10 cents higher in morning trading. January rose 2.8 cents to $3.122.…