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Asia's imports of liquefied natural gas stagnated in May while Europe's continued to ease as demand in both of the world's top-importing regions entered the seasonal slump between winter and summer peaks. Imports of the super-chilled fuel to Asia are on track to reach 22.53 million metric tons in May, up from 21.89 million in April, according to data compiled by commodity analysts Kpler. However, it's worth noting that this actually represents a small drop on a per day basis, with May's [Read more]

Starting with LNG Canada, producers will finally have access to new customers overseas By Cody Ciona Canada’s natural gas production and exports are primed for growth as LNG projects come online, according to Houston, Texas-based consultancy RBN Energy. Long-awaited LNG export terminals will open the door to Asian markets and break the decades-long grip of the United States as the sole customer for Canada’s natural gas. RBN projects that Canada’s natural gas exports will rise to 12 [Read more]

U.S. regulators have given Venture Global permission to proceed with construction of its CP2 LNG plant in Louisiana, a FERC document showed on Friday. If constructed, CP2 will be the single largest LNG export facility in the U.S. and help the country remain the world's largest exporter of the superchilled gas. It also could make Venture Global the largest U.S. LNG company. The decision follows a final environmental study that shows the 28 million metric tons per annum plant is in the [Read more]

U.S. natural gas futures climbed about 2% on Friday ahead of the long U.S. Memorial Day holiday weekend on a drop in output so far this month and forecasts for hotter-than-normal weather this summer that should boost the amount of gas power generators burn to keep air conditioners humming. Gas futures for June delivery on the New York Mercantile Exchange rose 7.4 cents, or 2.3%, to settle at $3.327 per million British thermal units. For the week, the contract was down less than 1% after [Read more]