For all the intraweek volatility in the natural gas forward markets, prices ultimately capped the Nov. 5-11 period moderately higher as chilly weather crept back into the long-range forecast, according to NGI’s Forward Look. Although it’s still unclear whether the cold lasts, Appalachia markets rallied sharply as the expected drop in temperatures coincided with a…
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Articles from LNG
Former Alaska Governor’s New Company Aiming to Move North Slope LNG to Market
Former Alaska Gov. Bill Walker is spearheading a new company to build a “large volume” pipeline to export North Slope natural gas, according to state documents. According to news media reports, Alaska Gasline & LNG LLC is working to buy the state’s proposed liquefied natural gas (LNG) project. The state-owned Alaska Gasline Development Corp. (AGDC)…
Cheniere Doubling Down to Cut LNG Environmental Footprint as Stakeholder Pressure Grows
Cheniere Energy Inc., the largest liquefied natural gas (LNG) exporter in the United States and one of the largest gas consumers, is “methodically reviewing” its business to further cut its environmental footprint as it faces questions about its role in the global energy transition. The management team spent considerable time during last week’s third quarter…
Energy Transition Could Put Major Dent in Upstream Natural Gas Investment, Wood Mackenzie Says
Limiting human-induced global warming to under 2 degrees Celsius would put an estimated 65% dent in upstream natural gas investment through 2040, according to new analysis by Wood Mackenzie. Although natural gas is the cleanest-burning fossil fuel, there is more to the story of the molecule’s total climate-warming impact, researchers said Wednesday. Liquefied natural gas…
Brief Cold Snap, Record LNG Demand Combine to Lift Natural Gas Forward Prices
For all the intraweek volatility in the natural gas forward markets, prices ultimately capped the Nov. 5-11 period moderately higher as chilly weather crept back into the long-range forecast, according to NGI’s Forward Look. Though the colder weather may not last, Appalachia markets rallied sharply as the expected drop in temperatures coincided with gas flow…
U.S. LNG Projects Said to Face Significant Hurdles to Sell Supply
The global liquefied natural gas (LNG) supply glut, exposure to European pipeline gas price risk and Asian gas price controls make it difficult for U.S. export project developers to sign long-term deals indexed to Henry Hub prices, according to an industry executive. Potential customers are “looking at a current price scenario of $4.00-5.00/MMBtu and we’re…
December Natural Gas Futures Rally for Second Consecutive Day as Cooler Forecasts Hold
Slightly improved weather-driven demand and rising spot prices fueled a second-straight day of gains for natural gas futures. The December Nymex contract gained 8.2 cents day/day and settled at $3.031/MMBtu on Wednesday. January advanced 7.8 cents to $3.151. NGI’s Spot Gas National Avg. climbed 13.5 cents to $2.585, a third consecutive day of gains. Wednesday’s…
Permian Slowdown Clouds Future Gulf Coast LNG, but ‘Remodeled’ Haynesville More Attractive
Future Gulf Coast natural gas export development may become “risky” if Permian Basin associated gas production doesn’t recover, IHS Markit executive director Sam Andrus said in San Antonio this week. Speaking at the LDC Natural Gas Forum, Andrus said production economics are crucial, given the lack of capital available. After oil prices plunged to historic…
U.S. LNG Shipping Needs Almost Twice Global Average, Says GasLog
Almost twice as many ships were needed to deliver U.S. liquefied natural gas (LNG) on an equivalent unit basis in the third quarter compared to the global average, the head of shipper GasLog Ltd. said Tuesday. “U.S. exports are the most shipping intensive as the distance to most major discharge destinations is above the global…
U.S. LNG Pushes Global Export Growth Higher — The Offtake
A roundup of news and commentary from NGI’s LNG Insight Global LNG exports hit their highest level in six months through October, largely from a boost in cargoes from the United States, Kpler said. Exports were 307 million tons (Mt) year to date through October, up 5 Mt from the year-ago period. “The United States…