LNG

Bearish indicators are not in short supply for the natural gas market, but forward prices staged a meaningful comeback during the May 14-20 period, according to NGI’s Forward Look.

Kinder Morgan Inc. is bringing production units back online at its Elba Island liquefied natural gas (LNG) export facility in Georgia after a fire at the facility on May 11.

The team behind a mid-scale liquefied natural gas (LNG) export project in Plaquemines Parish, LA, which failed to gain traction years ago is trying to advance again with new investment capital and offtake agreements.

FERC has authorized Alaska Gasline Development Corp.’s (AGDC) plans to liquefy and export natural gas produced on Alaska’s North Slope from a plant at Nikiski.

The 2020 Atlantic hurricane season, which runs from June 1 to Nov. 30, will be a busy one, producing 13-19 named storms, including six-10 hurricanes, with up to six of them major hurricanes (Category 3 or higher), according to forecasters at the National Oceanic and Atmospheric Administration’s (NOAA) Climate Prediction Center.

A second attempt is under way to fulfill environmental rules for a supply deal for the Goldboro liquefied natural gas export facility proposed for Canada’s east coast after the Alberta Energy Regulator (AER) rejected the first transaction plan.

The Intercontinental Exchange (ICE) said Wednesday that it continues to see record levels of open interest across its Asian, European and North American natural gas benchmarks as worldwide trade of the fuel has liberalized.

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.

NextDecade Corp. said Monday it now expects to make a final investment decision (FID) on its Rio Grande liquefied natural gas (LNG) export project on the South Texas coast next year as the Covid-19 pandemic continues to upend energy markets.