U.S. natural gas prices continue their rollercoaster ride at the height of the heating season, after extreme volatility gripped the market in the fall amid more-than-a-decade low natural gas inventories Continue Reading
It’s been well noted on my OilPrice.com posts over the past year that President Donald Trump isn’t happy with where and even how much of Europe procures its natural gas. Continue Reading
U.S. dry natural gas production will rise to an all-time high of 90.19 billion cubic feet per day (bcfd) in 2019 from a record high 83.31 bcfd in 2018, according Continue Reading
Southern California Gas Co (SoCalGas) urged consumers to reduce natural gas use until further notice to avoid straining the utility’s system as cold weather blankets parts of its service area. Continue Reading
The NYMEX February natural gas futures contract jumped 49.2 cents in trading Monday to settle at $3.591/MMBtu with colder weather forecast for the eastern half of the US toward the Continue Reading
Britain has rejected the case for a relaxation of fracking regulations despite warnings that the current system is “strangling” the industry, the Financial Times reported on Sunday. Fracking, or hydraulic Continue Reading
Gas production in the state of Louisiana in the southern U.S. will soon reach record heights thanks to an outstanding resurgence of the Haynesville shale play. Rystad Energy research shows Continue Reading
With the millions of tons in new liquefied natural gas capacity coming on stream these days, many have begun worrying about an oversupply that would pressure prices to uncomfortably low Continue Reading
Poland is continuing to make a pivot away from its decades-long natural gas supplier – Russia. In a statement on Wednesday , Polish state-controlled oil and gas company PGNIG said Continue Reading
Natural gas prices have fallen sharply after spiking to multi-year highs in late 2018, and prices could fall further still. The U.S. entered the peak winter demand season with gas Continue Reading
Last year saw a rise in the importance of environmentalism and the overall attention for cleaner energy sources. In contrast to the unilateral U.S. withdrawal from the Paris Climate Agreement, Continue Reading
The nascent U.S. liquefied natural gas export industry has been particularly vulnerable to the U.S.-China trade war, the head of the American Petroleum Institute industry group said on Tuesday, adding Continue Reading
“Alberta and its natural gas producers face a daunting crisis,” Alberta’s Natural Gas Advisory Panel said in a report in December, highlighting the challenges that natural gas producers in Alberta Continue Reading
— Negotiations began in November 2017 Trade tensions between US and China adding complications Alaska has extended a deadline for Chinese companies to agree on LNG purchases and financing for Continue Reading
Exxon has secured long-term purchasing commitments for liquefied natural gas from its Rovuma project in Mozambique, moving closer to a final investment decision on a facility that will add as Continue Reading
Uncontracted demand by the world’s seven largest LNG buyers could quadruple to 80 mtpa by 2030. Uncontracted demand by the world’s seven largest liquefied natural gas (LNG) buyers could increase Continue Reading
The U.S. may be exporting natural gas at a record clip, but that hasn’t stopped it from accepting new imports. A tanker with fuel from Nigeria has berthed at the Continue Reading
Cold weather and China’s consistent gasification efforts pushed liquefied natural gas imports into Northeastern Asia to a record-high, Reuters reports , citing data from its Refinitiv Eikon service. Since the Continue Reading
Shipments of liquefied natural gas (LNG) into Northeast Asia have risen to a record in December, mainly driven by China’s continued gasification push, and as the region faces colder-than-usual temperatures Continue Reading
The spike in natural gas prices in November may prove to be short-lived. Natural gas spot prices jumped as high as $4.70/MMBtu in November, the highest price since the Polar Continue Reading
Shale drillers in the Permian Basin are producing vast amounts of gas as a byproduct of prospecting for oil. But there aren’t enough pipelines to take all the gas to Continue Reading
Royal Dutch Shell said on Wednesday it has begun output at its Prelude floating liquefied natural gas (FLNG) facility in Australia, the world’s largest floating production structure and the last Continue Reading
Uncertainty to drive storage-related buying, price volatility Denver — A three-month outlook released Thursday by the US National Weather Service could perpetuate market uncertainty about temperatures and potential gas demand Continue Reading
US natural gas in storage fell by 141 Bcf last week, but much smaller withdrawals are expected over the next two reporting weeks, which should cut into some of the Continue Reading
ExxonMobil has withdrawn its Canadian liquefied natural gas (LNG) export project WCC from an environmental impact review, effectively meaning that the plan has been shelved. The WCC LNG project, led Continue Reading
U.S. liquefied natural gas (LNG) export capacity is on the brink of doubling in 2019, which will boost the super-cooled fuel’s influence on the U.S. natural gas market, where volatility Continue Reading
A slight rise in demand Tuesday provided impetus for the NYMEX January natural gas futures contract and the rest of the winter to rebound Tuesday after five straight days of Continue Reading
North America should lead an expected record year for global LNG project sanctions in 2019, predicts Wood Mackenzie. North America should lead an expected record year for global liquefied natural Continue Reading
The biggest buyers of liquefied natural gas (LNG) in Northeast Asia—which account for more than half of the world’s LNG market—could see their total uncontracted demand rising fourfold by 2030, Continue Reading
Cuadrilla has halted fracking operations for a fourth time in the last two months as yet another tremor was recorded near the shale gas company’s Preston new Road site in Continue Reading
Netbacks suggest Europe may be best bet for destination Three major liquefaction facilities now in operation in US Houston — A tanker loaded with the first cargo from Cheniere Energy’s Continue Reading
The NYMEX January natural gas futures contract jumped 16.1 cents to settled at $4.488/MMBtu Friday as current and upcoming weather trumped a storage withdrawal that was largely in line with Continue Reading
News coming out of the Philippines is that yet another group of companies is trying to be the first to build a working liquefied natural gas (LNG) receiving terminal in Continue Reading
Year-over-year average daily volume (ADV) in U.S. natural gas futures on the New York Mercantile Exchange (NYMEX) jumped to a record high in November, according to data from CME Group Continue Reading
News broke on Saturday that the U.S. and China had reached a ceasefire in its ongoing trade war after President Trump met with Chinese President Xi Jinping at the G20 Continue Reading
Demand for natural gas is rising fast. The relative clean nature of the fuel, abundance, and geographic distribution make it a good alternative to pollutant coal and intermittent renewables. The Continue Reading
US regulators have given the go-ahead to pipeline operators Kinder Morgan and Williams to start up facilities that will boost the amount of available feedgas to serve Cheniere Energy’s LNG Continue Reading
Allowing ship-to-ship transfers in Norwegian waters from Yamal in Arctic Russia, one of the world’s largest liquefied natural gas (LNG) terminals, undercuts Europe’s energy diversification efforts, the U.S. State Department Continue Reading
Russia’s Gazprom Neft is gearing up to start operations at the Kaliningrad floating storage and regasification unit terminal, the country’s first LNG import facility, with the 174,000 cu m vessel Continue Reading
For years, boosters of U.S. LNG have trumpeted the fact that gas exports from the Gulf of Mexico could break Russia’s grip on the European energy market. That has yet Continue Reading
Prices for liquefied natural gas (LNG) remain weak going into what forecasters are claiming will be a warmer than usual winter season in the Northern Hemisphere. In fact, last week Continue Reading
Data suggests full cargo could be ready soon Europe may provide more bang for the buck than East Asia Houston — Cheniere Energy appears to be getting closer to having Continue Reading
The global LNG market could move into a state of undersupply earlier than expected, the head of industry body GIIGNL warned Thursday. Jean-Marie Dauger, speaking at the Petrostrategies gas conference Continue Reading
The Southern Gas Corridor on which the European Union is pinning most of its hopes for natural gas supply diversification away from Russia is coming along nicely and will not Continue Reading
Argentina will be joining the ranks of exporters of liquefied natural gas (LNG) next year when it stars exporting gas from its Vaca Muerta shale play. Argentina’s energy firm YPF Continue Reading
South Korea is continuing to hold its dominant position in tanker delivery of liquefied natural gas (LNG) by winning major shipping orders over the next three years valued at more Continue Reading
An aerial rendering of the Jacksonville Export Project. SOURCE: Business Wire The U.S. Federal Energy Regulatory Commission (FERC) has granted Eagle LNG Partners a draft environmental impact statement (DEIS) for Continue Reading
What effect will Trump’s tariffs have on US LNG exporters in particular and LNG trade? China is the world’s second largest importer of LNG after Japan and an important customer Continue Reading
Cheniere Energy wants Williams’ Transcontinental Gas Pipe Line to start up early an expansion project that will boost the amount of feedgas available to serve the LNG exporter’s terminal near Continue Reading
The NYMEX December natural gas futures contract spiked 42.8 cents on colder weather and lower inventory, settling at $4.70/MMBtu Monday. Receive daily email alerts, subscriber notes & personalize your experience. Continue Reading
