LNG

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…

A barge that sank late Tuesday in the Calcasieu Ship Channel (CSC) of Louisiana is one of three obstructions that need to be removed before deep draft vessel traffic, including tankers carrying liquefied natural gas (LNG), is allowed to resume, according to the U.S. Army Corps of Engineers. In addition to the barge that sank…

Russia’s state-owned Gazprom said it has made its fourth natural gas discovery in the last two years on the shelf of the Yamal Peninsula in the Kara Sea. An exploratory well reached a flow rate of about 600,000 cubic meters/d (21.2 million cubic feet/d), which “proves that the new deposit contains substantial amounts of gas,”…

A warming weather outlook and reports of a possible setback in the timeline for recovery in exports out of Louisiana had natural gas futures trading sharply lower early Wednesday. The November Nymex contract was down 19.0 cents to $2.665/MMBtu at around 8:50 a.m. ET. Analysts at EBW Analytics Group attributed the move lower to reports…

Feed gas deliveries to U.S. export terminals from Maryland to the Gulf Coast continued ramping up on Tuesday as the global gas market tightened and the latest hurricane to hit Louisiana spared liquefied natural gas (LNG) plants after making landfall last week.  Cameron LNG, which was still ramping up following Hurricane Laura, opted to shut…

Japan’s biggest power producer Jera Co. Inc. plans to shutter all its inefficient coal-fired generators in the country by 2030 as it works toward zero carbon emissions by 2050. Jera, a joint venture between utilities Tokyo Electric Power Co. and Chubu Electric Power Co., on Tuesday unveiled more specific plans to move to net-zero carbon…

A milder-trending temperature outlook saw natural gas futures reverse lower early Tuesday, paring gains from the previous day. The November Nymex contract was down 7.5 cents to $2.806/MMBtu at around 8:45 a.m. ET. Prices advanced double digits in Monday’s session as liquefied natural gas (LNG) export volumes appeared largely unscathed by last week’s Hurricane Delta…