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Apr 27, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

liquefied natural gas

US natural gas futures edge up on rising global gas prices
Markets

US natural gas futures edge up on rising global gas prices

  • Front-month gas futures for July delivery on the New York Mercantile Exchange (NYMEX) rose 3.8 cents, or 1.2%, to $3.229 per million British thermal units (mmBtu).
  • US pipeline exports to Mexico averaged 6.7 bcfd so far in June, putting them on track to top May's 6.2-bcfd record.
Published 22 Jun, 2021 06:02pm
RLNG shortage may trigger power crisis
Print

RLNG shortage may trigger power crisis

  • NPCC requested SNGPL/Petroleum Division to supply 900MMCFD RLNG in July 2021, but only one-third has been pledged
  • Confirmation not yet received for 300MMCFD either
Updated 21 Jun, 2021 09:41am
US natgas futures slip on milder forecasts, lower demand
Markets

US natgas futures slip on milder forecasts, lower demand

  • Traders noted that that small price decline came ahead of a federal report expected to show last week's storage build was in line with normal levels for this time of year.
  • Front-month gas futures fell 3.3 cents, or 1.1%, to $3.042 per million British thermal units.
Published 03 Jun, 2021 08:01pm
Eni, BP in talks over oil and gas assets in Algeria
Business & Finance

Eni, BP in talks over oil and gas assets in Algeria

  • Earlier this month, they announced they were in talks to forge a joint venture to run their combined operations in Angola.
  • They have also looked at the idea of creating a joint venture in the North African country similar to the Angolan model, the sources said.
Updated 31 May, 2021 09:09pm
US natgas futures slip to 3-week low on big storage build
Markets

US natgas futures slip to 3-week low on big storage build

  • The US Energy Information Administration (EIA) said US utilities added 71 billion cubic feet (bcf) of gas into storage during the week ended May 14.
  • That injection boosted stockpiles to 2.100 trillion cubic feet (tcf), or 4.0% below the five-year average of 2.187 tcf for this time of year.
Published 20 May, 2021 09:10pm
US LNG exports set to fall to 6-week low on Corpus Christi maintenance
Markets

US LNG exports set to fall to 6-week low on Corpus Christi maintenance

  • LNG feedgas was on track to fall to 9.1 billion cubic feet per day (bcfd) on Thursday, according to Refinitiv data, its lowest since Feb. 26 when US exports were recovering after several Gulf Coast LNG plants shut due to a shortage of gas and power during the Texas freeze in mid February.
  • Buyers around the world continue to purchase record amounts of US gas because prices in Europe and Asia remain high enough to cover the cost of buying and transporting the fuel across the ocean.
Published 08 Apr, 2021 08:54pm
Russian LNG would be competitive at $3.7-$7 per 1mn BTU
Markets

Russian LNG would be competitive at $3.7-$7 per 1mn BTU

  • Russia would compete with Qatar, Australia and the United States for customers in Asia, its target market, up to 2030, and their production costs are seen at $2.8-11 and $7-10 per 1 million BTU, respectively.
  • Russia plans to increase its LNG production to nearly 140 million tonnes LNG per year by 2035 from around 31 million tonnes last year and aims to have about 20% of the global market share by then.
Published 22 Mar, 2021 08:35pm
Brazil authorizes Shell, Gerdau to import LNG
Markets

Brazil authorizes Shell, Gerdau to import LNG

  • The authorization was granted by the Mines and Energy Ministry for a total volume of up to 36.5 million cubic meters. The permit is valid through March 31, 2024 and limited to liquefied gas, the notice said.
  • Royal Dutch Shell is expected to import LNG by sea and sell the product to operators of thermal power plants, gas distributors and consumers in the unregulated natural gas market.
Published 17 Mar, 2021 07:21pm
US natgas futures ease on milder weather forecasts for next week
Markets

US natgas futures ease on milder weather forecasts for next week

  • That small price decline came despite record liquefied natural gas (LNG) exports and forecasts for colder weather and higher than previously expected heating demand this week.
  • The amount of gas flowing to US LNG export plants, meanwhile, has averaged 10.4 bcfd so far in March.
Published 17 Mar, 2021 06:14pm