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liquefied natural gas

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
Repsol makes first delivery of carbon-compensated LNG
Business & Finance

Repsol makes first delivery of carbon-compensated LNG

  • Tradeable offset credits aim to balance the planet-warming effects of emissions by supporting projects such as forestation and renewable energy generation sites elsewhere in the world.
  • Repsol said it had supplied 430 cubic metres of LNG to a 150-metre long chemical tanker owned by Swedish firm Furetank Rederi at a terminal owned by system operator Enagas in southeastern Spain.
Published 12 Mar, 2021 07:04pm
LNG shipping market primed for growth after scramble for supply
Markets

LNG shipping market primed for growth after scramble for supply

  • A cold snap in Europe and Asia in January and in North America last month increased heating demand, prompting prices to jump in several markets, while inventories fell.
  • You need to replenish stocks because of the cold northern hemisphere winter in both Asia and in Europe. So, we think this is going to add to tonne miles.
Published 05 Mar, 2021 05:50pm
Global LNG demand expected to almost double by 2040: Shell
Business & Finance

Global LNG demand expected to almost double by 2040: Shell

  • Demand was 360 million tonnes last year, up slightly from 2019's 358 million tonnes, despite volatility caused by lockdowns during the coronavirus pandemic.
  • While COVID-19 derailed expected forecasts...the industry reacted swiftly to changing market conditions, diverting cargoes to shifting demand centres and through adjusting supply.
Published 25 Feb, 2021 06:33pm
US natgas futures gain as supply losses expected to 'haunt' market
Markets

US natgas futures gain as supply losses expected to 'haunt' market

  • Prices were also supported as US pipeline gas exports to Mexico rose to 5.1 bcf on Friday after dropping to a 13-month low of 3.8 bcf per day on Tuesday, Refinitiv Eikon data showed.
  • Even though we will see some warmer temperatures... there's still expectations that the loss in production is going to haunt us as we get into summer.
Published 19 Feb, 2021 09:15pm
Mexico begins receiving LNG as gas supply via pipeline rises
Markets

Mexico begins receiving LNG as gas supply via pipeline rises

  • The Marshall Island tanker Flex Courageous carrying US LNG docked on Friday at the Manzanillo terminal on the Pacific Coast, Refinitiv Eikon data showed.
  • A second cargo also from the United States on the tanker Seri Balhaf is waiting to discharge about 151,300 cubic meters of LNG at Mexico's Altamira terminal on the Gulf Coast.
Published 19 Feb, 2021 08:30pm
Mexico has other energy sources if Texas gas falters
Markets

Mexico has other energy sources if Texas gas falters

  • "We cannot reply on one single fuel for power generation," Mexican President Andres Manuel Lopez Obrador said in a news conference.
  • It was not immediately clear if the gap between alternative supply and demand would be covered by gas imports from the United States and other sources, or would lead to shortages.
Published 18 Feb, 2021 07:44pm
US natgas soars over 10pc as deep freeze strains output
Markets

US natgas soars over 10pc as deep freeze strains output

  • Data provider Refinitiv estimated 425 heating degree days (HDDs) over the next two weeks in the Lower 48 US states, slightly down from Monday's forecast of 449 HDDs.
  • Data provider Refinitiv projected output in the Lower 48 to average 82.5 billion cubic feet per day (bcfd) this week and increase to 84.2 bcfd next week.
Updated 16 Feb, 2021 09:56pm
India Petronet to expand Dahej LNG terminal's capacity
Markets

India Petronet to expand Dahej LNG terminal's capacity

  • Indian companies are investing billions of dollars to build infrastructure, including pipelines and a new LNG import terminal.
  • The International Energy Agency in its latest report said India's LNG imports are expected to quadruple to 124 billion cubic metres, or about 61% of overall gas demand by 2040.
Published 12 Feb, 2021 06:22pm