Natural gas production held near all-time highs through the first quarter in Canada, even as prices slumped following a mild winter that left supplies in storage at robust levels. That’s because producers are looking beyond near-term weakness and toward an anticipated jump in export demand, according to analysts. LNG Canada is slated to begin operations…
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Industry Rails Against Biden LNG Pause With Research on Environmental Advantages
U.S. natural gas trade groups this week unveiled a study to demonstrate that American LNG is mostly better for the environment than competing fossil fuels in overseas markets as they continue to push back against the Biden administration’s pause on export project authorizations. “American natural gas is not only critical to our economy, but it…
Freeport LNG’s Extended Drop in Feed Gas Adds Pressure to U.S. Natural Gas Demand
Flows of natural gas to Freeport LNG have remained at a trickle for a week, fueling market concern that possibly all three trains at the facility could be offline after a reported issue with Train 3 last week. Nominations for natural gas to the liquefied natural gas facility had been reduced to about one-fourth of…
Natural Gas Futures Return Gains as TC Energy Isolates NGTL Rupture in Western Canada
Natural gas futures declined in early trading Wednesday, giving back the gains recorded after an incident on the Nova Gas Transmission Ltd. (NGTL) in Alberta rattled markets and briefly sent prices soaring. The May Nymex contract was down 5.5 cents to $1.677/MMBtu at around 8:40 a.m. ET. Operator TC Energy Corp. on Tuesday said it…
Pieridae Seeks to Transfer Goldboro LNG Approvals to Irish Buyer
Pieridae Energy Ltd. could be looking to sell its abandoned Goldboro LNG project in Nova Scotia to an Irish energy firm, according to a recently published regulatory filing. Calgary-based Pieridae asked Nova Scotia’s utility and review board for permission to transfer its approvals for the potentially 1.3 Bcf/d export project to Simply Blue Group, a…
Equinor Bets On Electrification to Sustainably Extend Natural Gas Supply to Europe
Equinor ASA is phasing out gas-fired generation in one of its most prolific natural gas production hubs in favor of electricity as it looks to increase both the sustainability and the lifespan of its North Sea operations. Norway’s Equinor disclosed that its offshore facilities at the Sleipner field and the adjacent Gudrun platform had been…
Natural Gas Futures Steady Early as Market Mulls Sagging Production, LNG Numbers
After tumbling in the previous session, natural gas futures held steady in early trading Tuesday as the market continued to assess apparent weakness in both export and production volumes. The May Nymex contract was trading fractionally lower at $1.690/MMBtu at around 8:45 a.m. ET. The latest daily production estimates from Wood Mackenzie showed domestic output…
Risk of Broader Middle East Conflict Keeps Global Natural Gas Market on Edge – LNG Recap
Global natural gas prices were stable Monday despite Iran’s unprecedented attack on Israel as the market assessed whether a broader conflict could break out in the Middle East. The May Title Transfer Facility contract in Europe climbed 1% to finish near $9.70/MMBtu, adding to the strongest gains last week since October amid rising geopolitical tensions.…
Golden Pass Pipeline Cleared to Start Partial Service
Federal regulators have authorized partial service to start on a small stretch of the pipeline that would feed natural gas to the Golden Pass LNG export project under construction south of Port Arthur, TX. FERC approved Golden Pass Pipeline LLC’s (GPPL) request to start service on the MP 69 Compressor Station Free Flow Line. The…
Weak LNG Volumes, Mild Weather Sink Natural Gas Futures Early
As weaker export numbers and a mild spring forecast hampered the near-term demand outlook, natural gas futures sank in early trading Monday. After eking out a modest day/day gain on Friday, the May Nymex contract was down 4.8 cents to $1.722/MMBtu at around 8:45 a.m. ET. June was off 5.1 cents to $1.978. The natural…