LNG

Against the backdrop of a tight supply/demand balance, a colder-trending temperature outlook for later this month helped lift natural gas futures several cents in early trading Friday. The November Nymex contract was up 5.1 cents to $2.826/MMBtu at around 8:40 a.m. ET. The latest forecast early Friday from Bespoke Weather Services shifted colder toward the…

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…

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.…

A proposed liquefied natural gas (LNG) export project touted by Mexico’s government is not logistically or economically feasible under current conditions, according to Gadex consultancy co-founder Eduardo Prud’homme. The government this month unveiled a long-awaited infrastructure plan with five projects listed under the energy category, including a 25.2 billion-peso ($1.18 billion) gas export terminal in…

Natural gas prices and renewable energy capital costs will determine the future electric generation mix in Asia, the continent that’s expected to account for half of the world’s energy consumption by 2050, according to the Energy Information Administration (EIA). EIA released its projections for the Asian energy market Wednesday as part of its updated International…

A roundup of news and commentary from NGI’s LNG Insight U.S. Army Corps of Engineers expects to remove an oil rig and recreational boat Thursday obstructing the Calcasieu Ship Channel in Louisiana. The agency has also received bids to remove a rock barge that sank late Tuesday, but no final decision had been made.  U.S.…

After a steep sell-off in the previous session, natural gas futures recovered a large chunk of their recent losses in early trading Thursday on the prospect of further increases in export demand. The November Nymex contract was up 12.9 cents to $2.765/MMBtu at around 8:40 a.m. ET. Analysts at EBW Analytics Group attributed the gains…

A proposed liquefied natural gas (LNG) export project touted by Mexico’s government is not logistically or economically feasible under current conditions, according to Gadex consultancy co-founder Eduardo Prud’homme. The government this month unveiled a long-awaited infrastructure plan with five projects listed under the energy category, including a 25.2 billion-peso ($1.18 billion) gas export terminal in…

Qatar Petroleum (QP) has secured roughly 40% of the capacity available at Europe’s largest liquefied natural gas (LNG) import terminal in the UK, solidifying the state-owned company’s role as the region’s dominant supplier. QP said an affiliate signed a 25-year agreement for 7.2 million tons (Mt) of storage and regasification capacity annually at National Grid…