Articles tagged Pacific

Blistering heat through much of the summer and limited supply flowing west from the Permian Basin kept storage injections in the Pacific region in check, helping to dramatically dwindle a once-massive surplus of natural gas.

Natural gas production in Canada proved robust through the past winter, even as heating demand waned in the back half of the season. Supplies in storage swelled and prices dropped as a result, mirroring and compounding conditions in the United States. 

Sempra is betting that continued global energy volatility and geopolitical tensions will strengthen North America’s key natural gas markets, supporting its investments in LNG exports and Mexico.

Spot rates for LNG vessel charters are rising sooner than last year as natural gas buyers and sellers hone in on the winter supply scenario and global risks that still abound.

European natural gas prices ticked up again on Monday despite healthy storage on the continent and an apparent lull in Asia, hinting at anxiety over falling LNG imports.

With forecasts finally flashing more impressive heat over southern U.S. markets to strengthen the cooling demand outlook, natural gas forwards rallied during the June 1-7 trading period, NGI’s Forward Look data show.

Winter volatility saw Western natural gas forward hubs post huge gains during the Dec. 15-21 trading period, while expectations for a very mild start to 2023 drove deep discounts elsewhere in the Lower 48, NGI’s Forward Look data show.

The native-led Ksi Lisims LNG project has cleared an initial regulatory hurdle by obtaining a 40-year natural gas export license for its planned terminal near Prince Rupert on the northern Pacific coast of British Columbia (BC).

Mexico President Andrés Manuel López Obrador said during his daily press conference on Tuesday that an LNG terminal could potentially be built in the port of Coatzacoalcos in southern Veracruz to export natural gas to Europe.

FERC on Thursday authorized the Jordan Cove liquefied natural gas (LNG) project after weeks of delay, leaving sponsors to untangle remaining state-level roadblocks in Oregon.