Shale Daily

TC Energy Corp. has completed the northern portion of its Southeast Gateway and is moving to start commercial operations of its Coastal GasLink (CGL) supplying feed gas to LNG Canada. Management for the Calgary-based pipeline giant provided updates on major projects during a first quarter earnings call. In Mexico, TC has installed more than 70%…

Natural gas futures were pushing higher at the front of the curve through midday trading Thursday after the latest government-reported inventory build landed on the leaner side of market expectations. Here’s the latest: June Nymex futures up 10.8 cents to $2.295/MMBtu as of 2:13 p.m. ET Reported 79 Bcf storage build from U.S. Energy Information…

NO. 1: The Zachry Group told its hourly construction workers in an email this week not to show up at the Golden Pass LNG site in Texas until further notice.  The company said in a statement it was working through “temporary constraints” at the site, while media reports said there was a fuel shortage for…

Utilities injected 79 Bcf of natural gas into storage for the week ended May 3, the U.S. Energy Information Administration (EIA) reported on Thursday. The result was nearly in line with historical norms but lower than the median of expectations. This added to upward momentum for Nymex natural gas futures. About 30 minutes ahead of…

While regulatory uncertainty has clouded the outlook for large U.S. export projects, Chart Industries Inc. reported lower global prices and a continued rise in demand is driving an uptick in international LNG and natural gas projects this year. Management of the Atlanta-based specialty equipment manufacturer told analysts during a recent 1Q2024 call that liquefied natural…

Natural gas futures tested both sides of even in early trading Thursday as the market awaited the latest government inventory report, which was expected to show an injection roughly in line with historical norms. The June Nymex contract was trading at $2.205/MMBtu at around 8:40 a.m. ET, up 1.8 cents. July was up 0.8 cents…

Price bulls, galvanized by continued production drops, powered natural gas futures close to a fifth consecutive gain on Wednesday before they fizzled in afternoon trading amid profit-taking. The June Nymex gas futures contract ultimately settled at $2.187/MMBtu, down 2.0 cents day/day. At A Glance: Output slips close to 95 Bcf/d Weather to shift in bears’…

New Fortress Energy Inc. (NFE) expects its floating LNG (FLNG) platform offshore Altamira, Mexico to produce first volumes later this month after experiencing a mechanical issue in April. NFE management in the first quarter earnings report said that the first cargo could be loaded at the liquefied natural gas facility in June. The company previously…

Natural gas futures were lower through midday trading Wednesday, retreating sharply from early highs as the market continued to wrestle with a mixed fundamental outlook underscored by an enduring storage overhang. Here’s the latest: June Nymex futures down 2.4 cents to $2.183/MMBtu as of 2:11 p.m. ET; July off fractionally at $2.469 The rally that…