Soaring Natural Gas Prices Could Lift Oil Demand
The current shortage of natural gas and price spikes on the gas markets could be a boon to OPEC, which expects higher demand for other fuels when gas prices are Continue Reading
The Natural Gas Crisis Is A Much-Needed Reality Check
Gastech, the first major in-person industry event since the pandemic started, couldn’t have happened at a better time to show that despite the push toward renewable energy, natural gas will Continue Reading
Soaring gas prices ripple through heavy industry, supply chains
Global record-high natural gas prices are pushing some energy-intensive companies to curtail production in a trend that is adding to disruptions to global supply chains in some sectors such as Continue Reading
Industrials group points to winter gas price increase to push for limits on US LNG exports
Seizing on higher US natural gas prices expected this winter, a group of industrial manufacturers is making a pitch for the Department of Energy to limit LNG exports and put Continue Reading
European Gas Prices Soar 10% As Russia Refuses To Open The Taps
As the cat-and-mouse game continues over Russian gas to Europe, Russian Gazprom has refused to allow more gas into Europe via Ukraine for October, sending prices soaring another 10 percent Continue Reading
Trade group wants restrictions on U.S. natural gas exports
A manufacturers trade group on Friday urged the Department of Energy to order U.S. liquefied natural gas (LNG) producers to reduce exports, warning of price increases and supply shortages this Continue Reading
El Paso force majeure cuts Permian westbound gas flows, pressuring output and prices
Highlights Westbound Permian flows down 450 MMcf/d since Aug. 15 West Texas gas production down 2% to 12 Bcf/d in September Early-September price spike fuels bullish winter outlook An ongoing Continue Reading
Low Midcontinent gas prices fuel outbound flows in growing risk to winter storage
Highlights NGPL Midcontinent at 24 cent discount to Henry Hub Transmissions up 200 to 300 MMcf/d, July 1 to date Storage level at 188 Bcf, record low for mid-September Weak Continue Reading
Kremlin Spokesman Assures Markets Nord Stream 2 Will Stabilize Natural Gas Price
The Kremlin today said that a rapid start-up of the controversial Nord Stream 2 pipeline would help to correct sky-high gas prices across Europe amid a squeeze in supply. Spokesman Continue Reading
Texas Oil Body Makes It a Little Harder for Wells to Flare Gas
Getting a permit to burn excess natural gas at Texas oil wells is getting a little bit harder. Texas Railroad Commissioners limited an oil driller to flaring gas for just Continue Reading
High Natural Gas Prices Today Will Send U.S. Production Soaring Next Year
Natural gas production is set for a significant increase over the next year thanks to the current imbalance between demand and supply, which has pushed prices to record highs , Continue Reading
European Gas Notches Fresh Records as Supply Woes Mount
Sept. 3: High gas prices are a problem for Europe, says Enel’s CEO. Natural gas prices in the U.K. and the Netherlands soared to record highs as concerns over tight Continue Reading
THE METHANE HUNTERS
Frackers in America’s largest oil field are letting massive amounts of natural gas spill into the atmosphere. Scientists and activists are trying to find the leaks and get them plugged Continue Reading
‘Carbon Neutral’ LNG Demand Soars in Asia Despite Criticism
Liquefied natural gas shipments tagged “carbon neutral” are gaining popularity among Asian buyers, despite criticism that the offsets used to justify the label don’t actually cancel out planet-warming emissions generated Continue Reading
Significant Onshore Australia Gas Discovery Made
Mineral Resources Limited revealed that recent drilling activity led to a ‘significant’ gas discovery at the Lockyer Deep 1 project in the onshore Perth Basin, Australia. Mineral Resources Limited (MRL) Continue Reading
Exxon to Have Gas Graded for Methane Leaks Amid Climate Push
Exxon Mobil Corp. will offer some of its Permian Basin shale gas for certification by a nonprofit that assesses methane leaks, a move that comes as the oil industry faces Continue Reading
US natural gas storage fields likely to post another injection below average levels
US natural gas storage fields likely added about half the five-year average in the week ended Sept. 3 as offshore production has been slow to recover following Hurricane Ida and Continue Reading
Gazprom Neft Switches To Yuan Payments In China
Gazprom Neft, the oil arm of Russian gas giant Gazprom, is starting to settle payments for the jet fuel it supplies in China in yuan, instead of in U.S. dollars, Continue Reading
Asia, Mideast utilities turn to dirtier fuel as LNG prices bite
Surging liquefied natural gas (LNG) prices are prompting utilities across Asia and the Middle East to burn more high-sulphur fuel oil (HSFO) than usual to meet increased power demand during Continue Reading
Buyers of long-term LNG ask sellers for extra cargoes – sources
Liquefied natural gas (LNG) buyers with long-term contracts are asking their suppliers for extra volumes of the super-chilled fuel pegged to oil prices which are currently much lower than spot Continue Reading
Permian spot gas prices boosted to six-month highs on lower production, strong eastbound flows
Highlights Permian production down 300 MMcf/d from 30-day average 83% of USGC gas production still offline as of Sept. 1: BSEE Cash prices for next-day flows of gas in the Continue Reading
Southern China trucked LNG prices surge to summer high of Yuan 6,000/mt
Trucked LNG prices in southern China, including Guangdong and Fujian provinces, have surged to around Yuan 6,000/mt ($527.66/mt) in the last couple of weeks, a record high for the summer Continue Reading
US LPG cargo loadings for Asia unaffected by Hurricane Ida: traders
Aug LPG loadings for Asia seen holding at 3.7 mil mt Sep US LPG loadings seen around 4 mil mt Propane premium to butane narrows to $1/mt LPG cargo loadings Continue Reading
Asian gas importers brace for steep winter LNG prices
Highlights Platts JKM already teasing $18/MMBtu Trading reflects concerns about steep price trajectory Gas inventories in North Asia, Europe closely watched Asia’s LNG importers expect high spot prices this winter Continue Reading
US Upper Midwest gas-fired generation looks to remain strong despite high prices
Highlights Chicago futures $2 higher year over year Midwest nuclear plants slated to retire Gas-fired power demand in the US Upper Midwest might prove more than expected in the months Continue Reading
Merkel Criticizes Russia’s Weaponization Of Natural Gas
German Chancellor Angela Merkel has said natural gas should never be used as a geopolitical weapon and backed extending an energy partnership deal with Ukraine once it expires in 2024. Continue Reading
Europe Faces LNG Supply Crunch
Europe is facing a potentially tough winter with natural gas supply nowhere near enough to meet heightened seasonal demand, Bloomberg has reported, citing storage data and industry insiders. LNG deliveries Continue Reading
Inside Clean Energy: Which State Will Be the First to Ban Natural Gas in New Buildings?
A new California building code is a leap forward for reducing the use of natural gas, with rules that set a strong preference for electric heating in new construction. That’s Continue Reading
European Gas Prices Slip 10% On Faulty Data
Gas prices in Europe took a dive on Wednesday as faulty data suggested that Russia’s Nord Stream 2 gas pipeline had started flowing. In a digital age that is rather Continue Reading
Russia’s Gazprom points to ‘increased load’ on system during maintenance period
Winter preparation work ‘cannot be paused’: Gazprom August deliveries comparable to normal winter demand Gazprom production up by 18.1% in year to date Russia’s Gazprom said Aug. 16 that high Continue Reading
The Shale Pioneer Preparing For A Comeback
One of the U.S. shale pioneers, Chesapeake Energy, is back in business six months after emerging from bankruptcy with a major acquisition— marking its return to the shale gas basin Continue Reading
U.S. Natural Gas Dominance May Be Coming To An End
The is the fourth article in a series on BP’s recently-released Statistical Review of World Energy 2021 . Previous articles provided an overview of this year’s Review, an examination of Continue Reading
Whistler deliveries weigh on S. Texas basis; Permian gas floods Texas Gulf Coast
Highlights Agua Dulce, Texas Eastern STX, Tenn Zone 0 move lower Whistler deliveries to interstates continue ramping up Permian Basin now key supplier to Texas Gulf Coast market Gas delivered Continue Reading
US East Texas and Southeast spot natural gas prices hit 7-year summer highs in June
Highlights Texas, Southeast Natural gas prices rise amid tight supply and demand balance Record-high temperatures, LNG exports lend strength to prices US natural gas spot prices at the Agua Dulce, Continue Reading
Europe Could Face A Natural Gas Crisis This Winter
One week after we first observed the staggering surge in European natural gas prices, those same prices hit a new record high as a slow at first, then much faster Continue Reading
Frackers, Shippers Eye Natural-Gas Leaks as Climate Change Concerns Mount – WSJ
Drones darted in patterns above natural-gas wells in the hills of southwest Pennsylvania, as men atop water tanks pointed specialized cameras, and a helicopter outfitted with a laser-light detection system Continue Reading
IHS Markit: Natural Gas Is Crucial In Energy Transition
Natural gas could become a pillar of emissions reduction both in the near and long term, IHS Markit said in a new study this week. While many analysts and net-zero Continue Reading
End to capacity restriction on Texas Eastern, bullish for Northeast gas market
Texas Eastern Transmission on Aug. 4 lifted an extended capacity restriction on its 30-inch line, opening the floodgate for more Appalachian gas to flow southbound to markets in the US Continue Reading
Is This The Next Major Threat For Natural Gas?
From California to Massachusetts, some U.S. cities are enacting—or trying to enact—bylaws banning natural gas hookups in new homes, citing concerns over climate change and efforts to decarbonize energy supply. Continue Reading
Looming Northeast supply shortage drives steady advance in winter gas prices
Transco Z6 New York hits upper $7s/MMBtu for January, February Algonquin CG peak season pricing at $13 to $14/MMBtu Northeast storage trails 5-year average by 54 Bcf, or 7% Natural Continue Reading
LNG seen offering upside as North American gas pipeline buildout winds down
Hurdles to pipeline constructing rising Could add 33 Bcf/d of gas capacity over 2020-25 LNG is the fossil fuel poised to have the biggest earnings advantage as the North American Continue Reading
Physical imports of LNG in Europe slashed in July as global market tightens
Highlights Shipments to liquid markets down by a third on month, year UK imports just one cargo in July, Russia using Artic route Reload patterns illustrate rocketing global demand A Continue Reading
Natural Gas Deficit Causes Prices To Soar
Natural gas prices are rising across Europe and Asia due to tighter supply of the commodity, lower production in Europe, and lower exports from Russia, the Financial Times reports , Continue Reading
Natural gas production to be flat, but greener, higher value: EQT
Highlights Q2 gas production averaged around 5.6 Bcfe/d Investment in emissions reduction, RSG certification Executives at EQT, the largest natural gas producer in the US, plan to capture value by Continue Reading
Japan Energy Transition Threatens LNG Demand
Japan’s ambitious energy shift to renewables is threatening future demand for liquefied natural gas as the country is the world’s largest importer of the commodity, Bloomberg reports . Japan last Continue Reading
U.S. LNG exports in first half up 42% from a year ago -EIA
U.S. liquefied natural gas (LNG) exports accelerated in the first half of 2021, as colder weather drove LNG spot prices in Asia and Europe higher, the U.S Energy Information Administration Continue Reading
Polish PGNiG ends LNG deal over U.S. Texas Port Arthur delays
PGNiG (PGN.WA) has terminated a deal with U.S. firm Sempra Energy (SRE.N) for liquefied natural gas (LNG) supplies from the Texas Port Arthur project due to delays, Poland’s biggest gas Continue Reading
Natural Gas Hits 31-Month U.S. High as Heat Adds to Supply Worry
Natural gas futures soared to $4 per million British thermal units in the U.S. for the first time since December 2018 as summer heat intensified concerns about tight supplies later Continue Reading
Natural Gas Supply Concerns Mount
Natural gas futures soared to $4 per million British thermal units in the U.S. for the first time since December 2018 as summer heat intensified concerns about tight supplies later Continue Reading
Gas lobbyists ramp up efforts as EU mulls sustainability label
Gas industry lobbyists have stepped up meetings with European Union policymakers amid a political tussle on whether to badge the fuel as sustainable, analysis from campaign group Reclaim Finance showed. Continue Reading