LNG

Natural gas futures continued to come under downward pressure near the front of the curve in early trading Friday, with a larger-than-expected inventory build and tropical cyclone-related demand destruction weighing on prices. The October Nymex contract was down 4.9 cents to $1.993/MMBtu at around 8:45 a.m. ET. Conversely, January was up 4.3 cents to $3.272.…

The losses continued for natural gas forward prices during the Sept. 10-16 period, with cooling weather and increasing storage concerns pouring salt in the wound left by the lingering shutdown of the Cameron liquefied natural gas (LNG) export terminal. October natural gas fell an average 7.0 cents, while November tumbled a more substantial 14.0 cents…

Editor’s Note: The following segment is one in a series by NGI’s LNG Insight focused on exploring how the global liquefied natural gas (LNG) market works. The conversations in this series will also analyze news and the issues that matter most to the industry in North America and beyond. Yury Sentyurin is the secretary general…

The Alaska liquefied natural gas (LNG) project cleared its final federal regulatory hurdle this week after the National Oceanic and Atmospheric Administration (NOAA) authorized the incidental take of marine mammals.  The authorization was issued Wednesday permitting the harm or killing of porpoises, sea lions, seals and whales during a five-year period from 2021-2025 during specified…

With the latest government storage data expected to show a hefty weekly injection, adding to an already comfortable cushion in Lower 48 inventories at this point in the season, natural gas futures extended their recent losses in early trading Thursday.  After sliding 9.5 cents in the previous session, the October Nymex contract was down 7.5…

The state-owned Abu Dhabi Investment Authority (ADIA) has acquired a 5.05% share in U.S. liquefied natural gas (LNG) exporter Cheniere Energy Inc., according to a Wednesday filing with the U.S. Securities and Exchange Commission. The sovereign wealth fund owns about 12.7 million shares of Houston-based Cheniere that are valued at about $648 million. Cheniere’s share…

An estimated 4 Tcf of additional natural gas resources has been discovered offshore Egypt in what is becoming one of the most prolific resource areas of the world. Operator Eni SpA and BP plc on Wednesday said a gas-heavy strike was made in the Nidoco NW-1 well in the Abu Madi West Development Lease. The…

With a major hurricane making landfall early Wednesday over the Gulf Coast, natural gas futures were down a few cents in early trading as plump storage inventories continued to weigh on prices near the front of the curve. The October Nymex contract was off 2.7 cents to $2.335/MMBtu at around 8:50 a.m. ET. Hurricane Sally…

The restart of one liquefied natural gas (LNG) export project in Louisiana, Cameron LNG, could occur this month, but some are warning in a worst-case scenario, the facility could be offline until November. The terminal was shuttered in late August by Hurricane Laura. Majority owner Sempra Energy has not said when the 2.3 Bcf/d facility…