Click here to listen to the latest episode of NGI’s Hub & Flow podcast. Join NGI’s Senior Markets Editor Leticia Gonzales as she explores the inner workings of the U.S. gas market and what could lie ahead for the coming winter season. From storage levels to demand for U.S. LNG, understand what to look for…
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Articles from LNG
Poland Fines Gazprom, Others Nearly $8B Over Nord Stream 2 Natural Gas Pipeline
Poland has fined Russia’s state-owned Gazprom $7.6 billion and five European companies a combined $61 million for allegedly forming an illegal partnership to build the controversial Nord Stream 2 (NS2) pipeline to bring more Russian natural gas to Europe. Gazprom management told NGI Thursday that the company “fundamentally disagrees” with Wednesday’s decision by Polish anti-monopoly…
Natural Gas Forwards Volatile as Major Hurricane Delta Nears Louisiana Coast
Big swings continued for winter natural gas forwards during the Oct. 1-7 period, with forecasts for much tighter supply/demand balances driving prices about 10 cents higher on average for November-March, according to NGI’s Forward Look. Most U.S. markets mirrored the action along the Nymex futures curve, but other factors came into play for several key…
Magnolia LNG Secures Five-Year Extension to Begin Service Amid Weak Market
FERC has given the proposed Magnolia liquefied natural gas (LNG) export project near Lake Charles, LA, and an associated Kinder Morgan Inc. pipeline expansion five additional years to be placed in service because of the difficulty in securing long-term customers to finance the project. The 8.8 million metric ton/year (mmty) project and the so-called Lake…
LNG 101: The Thorny Process of Renegotiating LNG Supply Contracts
Naturgy, one of Spain’s major natural gas buyers, said last week it has negotiated new terms for two contracts with one of its primary LNG suppliers in a dual symbol of how the global gas trade is evolving and how such discussions can have varying outcomes. A supply glut and weak market made weaker by…
The Offtake: LNG in Brief
A roundup of news and commentary from NGI’s LNG Insight Cameron LNG began controlled shutdown Thursday as Hurricane Delta headed for the Louisiana coast with landfall expected Friday. Hackberry, LA, plant started ramping back up Sept. 27 after damage caused by Hurricane Laura. A “ride-out” team will remain on site during Delta. Feed gas to…
Hydrogen Considered Possible Long-Term Solution to Decarbonize Global Energy Sector
Hydrogen may be the long-term solution to decarbonizing the U.S. energy future, rather than electrification, on the basis of cost and long-term grid capacity, according to a mix of energy thinkers analyzing the future transition away from natural gas and other fossil fuels. In the transportation sector alone, electrification’s added transmission grid upgrades would far…
Natural Gas Futures Lower Ahead of ‘Another Wild Day’ as Delta Threatens Louisiana
With Hurricane Delta posing a threat to export operations along the Gulf Coast, natural gas futures were down in early trading Thursday. The November Nymex contract was off 7.8 cents to $2.528/MMBtu at around 8:40 a.m. ET. According to the National Hurricane Center (NHC), at 8 a.m. ET Delta was about 425 miles south of…
NextDecade to Slash Emissions at Proposed LNG Export Project in Texas
NextDecade Corp. will use carbon capture and storage (CCS) technology to reduce expected carbon dioxide equivalent emissions by about 90% at its proposed Rio Grande liquefied natural gas (LNG) export project in Brownsville, TX. Management said Tuesday that the Houston-based company additionally is exploring options to address what would be the remaining emissions, as potential…
Mexico Unveils Plan for LNG Export Project on Pacific Coast
Mexico’s government unveiled its long-awaited infrastructure investment plan on Monday including a liquefied natural gas (LNG) export project set for Salina Cruz on the Pacific Coast. Worth around $14 billion, the list of 39 projects is meant to jumpstart the ailing economy and also opens space for the private sector to participate in key national…