LNG

A “pronounced shift” to renewables, combined with a shift to electricity and hydrogen, led BP plc to reduce its annual forecast for global natural gas as a primary energy source. The annual Energy Outlook was introduced on Monday by chief economist Spencer Dale during a webcast. The economics team led by Spencer Dale used Rapid,…

Natural gas futures were up sharply in early trading Monday as forecasters were tracking a veritable scatterplot of named tropical storms in the Atlantic, including one that had forced production shut-ins in the Gulf of Mexico (GOM).  Meanwhile, estimates of daily liquefied natural gas (LNG) feed gas volumes rose over the weekend, outperforming analyst expectations…

The La Niña pattern that settled over the United States last month stands to prop up gas demand this winter if the chilly forecast for the northern states holds true. However, in an era in which Lower 48 demand is now largely influenced by dynamics overseas, the current lack of signaling for a cold winter…

If growth projections are expected to be realized for liquefied natural gas (LNG) in the coming decades, more must be done to ensure its role in displacing coal and aiding the energy transition, according to some experts.  The Asian market is seen as a key to LNG’s future growth and a global goal of reducing…

Natural gas forward prices recorded another week in the red as feed gas demand to Gulf Coast export facilities remained low after Hurricane Laura shuttered operations at two key gas export terminals. Though operations have since resumed at the Sabine Pass liquefied natural gas (LNG) facility and feed gas has risen, the damage to prices…

Forecasts showing weaker weather-driven demand, set against a backdrop of concerns over a storage glut entering the final weeks of the injection season, saw natural gas futures extend their recent losses in early trading Friday. The October Nymex was down 3.4 cents to $2.289/MMBtu at around 8:40 a.m. ET. November was off 3.1 cents to…

Natural gas futures dropped lower Thursday after the latest government report on gas stockpiles showed that storage is filling quickly as cooler fall temperatures sweep over swaths of the Lower 48. The October Nymex contract settled at $2.323/MMBtu, down 8.3 cents day/day. November fell 7.5 cents to $2.798. NGI’s Spot Gas National Avg. fell 15.5…

Natural gas forward prices recorded another week in the red as feed gas demand to Gulf Coast export facilities remained low after Hurricane Laura shuttered operations at two key gas export terminals. Though operations have since resumed at the Sabine Pass liquefied natural gas (LNG) facility and feed gas has risen, the damage to prices…

The Delaware River Basin Commission (DRBC) on Thursday voted to suspend approval for key parts of a small liquefied natural gas (LNG) export project in New Jersey.  The DRBC, a quasi-regulatory agency involving four states and the U.S. government that oversees the Delaware River watershed, stayed the decision it made last summer allowing a New…