LNG

A European Union (EU) blueprint released last week to reduce methane emissions will not impact the U.S. liquified natural gas (LNG) industry for now because the plan does not include restrictions on emissions from foreign producers, experts told NGI. “The methane emissions policies issued by the EU would not have an immediate impact on the…

Asian and European natural gas benchmarks moved higher over the last week as winter buying heats up and supply disruptions in Australia, Norway and the United States persist.  Asian spot prices remained strong Monday after hitting their highest point in about a year last week. Meanwhile, the front-month Japan Korea Marker contract was at $6.315/MMBtu…

Liquefied natural gas (LNG) vessels and other deep draft traffic are currently blocked from entering two major Gulf Coast waterways after an oil rig sank Saturday in the Sabine Bank Channel and a barge remains submerged in the Calcasieu Ship Channel. The U.S. Coast Guard (USCG) said the large semi-submersible “Jasminia” rig drifted into the…

As traders tried to decipher a “murky” outlook for the timing of restored export volumes out of the Gulf Coast, natural gas futures were down several cents in early trading Monday. The November Nymex contract was off 5.0 cents to $2.723/MMBtu at around 8:50 a.m. ET. Analysts at EBW Analytics Group attributed heavy selling in…

Natural gas futures struggled to maintain momentum early Friday as traders tried to determine whether liquefied natural gas (LNG) and weather demand would be enough to ward off a toppling of storage inventories by the end of October.  With an increasingly chillier weather pattern emerging for the end of the month, the November Nymex gas…

Editor’s Note: NGI’s Mexico Gas Price Index, a leader tracking Mexico natural gas market reform, is offering the following column by Eduardo Prud’homme as part of a regular series on understanding this process. Prud’homme was central to the development of Cenagas, the nation’s natural gas pipeline operator, an entity formed in 2015 as part of…

Stabilis Energy LLC sees Mexico’s small-scale liquefied natural gas (LNG) market growing in “double digits” in the coming years, CEO Jim Reddinger said Wednesday. The opportunities were discussed during a webinar organized by LDC Gas Forums. Although pipeline buildout in Mexico and across the U.S. border has been swift since 2014, “a lot of the…

A roundup of news and commentary from NGI’s LNG Insight U.S. Army Corps of Engineers: Oil rig obstructing Calcasieu Ship Channel (CSC) has been removed. Removal of sunken recreational boat is in process. Plans for removing rock barge that sank should be finalized over the weekend. Objects are restricting tankers from loading at Cameron LNG…

Natural gas forward prices were generally higher during the Oct. 8-14 period, supported by lower production and chilly weather forecasts for some parts of the country later this month. However, the markets also faced some headwinds, namely another setback in the full recovery of Gulf Coast exports and weak demand in key Lower 48 regions.…