Story of the day
Natural Gas Futures Slump Second Day Amid Elusive Demand, LNG Uncertainty; Cash Prices Fall
International
Qatar Continues Push to Secure LNG Shipping Ahead of North Field Expansion
QatarEnergy has signed another three agreements to secure even more LNG shipping, this time chartering what the company calls QC-Max vessels that would be built in China. QatarEnergy signed long-term charter party agreements for four liquefied natural gas vessels from China Merchants Group, three vessels from Shandong Marine Group and two vessels from China LNG…
May 1, 2024Earnings
DT Midstream Forecasting Higher U.S. Natural Gas Prices as Rising LNG Demand Looms
While U.S. natural gas producers are working to balance production with the limited commodity price upside to the end of the year, DT Midstream Inc. (DTM) is expecting Gulf Coast LNG demand to drive a bevy of expansion projects through the decade. The Detroit-based gas infrastructure firm has committed $265-295 million for growth projects this…
May 1, 2024Earnings
Chesapeake ‘Encouraged’ by Natural Gas Demand Signals as Production Cuts Continue
Chesapeake Energy Corp. said Wednesday it would continue to curtail natural gas output until demand rebounds, forecasting another 400 MMcf/d of cuts in the second quarter. The company first announced the cuts in February and said they would mostly come by not turning wells in progress to sales. Chesapeake curbed 200 MMcf/d of output during…
May 1, 2024LNG
Feed Gas Flows, Vessel Traffic Indicate Stabilized Production at Freeport LNG
Feed gas flows to Freeport LNG continued to tick up as a fully loaded vessel left the Texas export facility for the first time in a week, indicating Train 3 operations could be stabilizing. Nominations of natural gas to the plant began increasing April 27 after hovering near zero for several days, according to Wood…
May 1, 2024Recent News
International
Qatar Continues Push to Secure LNG Shipping Ahead of North Field Expansion
May 1, 2024Earnings
DT Midstream Forecasting Higher U.S. Natural Gas Prices as Rising LNG Demand Looms
May 1, 2024Earnings