Cheniere Energy expects LNG demand to increase until 2040, though it may decline beyond that due to continued global action to reduce greenhouse gas emissions, presenting risks for existing US Continue Reading
Maintenance at a Cheniere Energy facility was set to drag natural gas deliveries to U.S. liquefied natural gas (LNG) export facilities on Thursday to the lowest level since the end Continue Reading
Above-average injections into US gas storage fields during shoulder season suggest stocks might fill early this year, presenting a possibly bearish market landscape this summer. Receive daily email alerts, subscriber Continue Reading
US gas storage fields likely posted a net injection roughly three times the five-year average for the second build of the year for the week ended April 2 with some Continue Reading
Bakken flows on pipeline have grown for years Shale still shows potential for resiliency Bakken natural gas flows onto Northern Border Pipeline are starting to show slight declines, signaling a Continue Reading
Liquefied natural gas deliveries expanded the most in a year as Asia and Europe refilled inventories drained over the winter, and as pandemic-ravaged economies slowly begin to reopen. Imports jumped Continue Reading
Oxy Low Carbon Ventures (OLCV) will offtake and transport carbon dioxide from NextDecade Corp.’s (NASDAQ: NEXT) Rio Grande LNG project in Brownsville, Texas, under a deal between the companies. In Continue Reading
Since the fall of 2020, the United States has significantly boosted its liquefied natural gas exports to the top LNG-importing region, Asia, to the point of setting record highs in Continue Reading
Harsh winters are always bad news for energy consumers. But they are good news for those that produce the energy that consumers use. This winter has been no exception: harsh Continue Reading
Soaring American exports of liquefied natural gas (LNG) could become a powerful tool of the Biden Administration to help other countries reduce their carbon footprint from more emission-intensive fossil fuels Continue Reading
Texas moved to stop the city of Austin and others from imposing a California-style ban on natural gas in new homes and buildings, the latest salvo in the gas industry’s Continue Reading
US storage fields posted the first net injection of the year in the week ended March 27, according to a survey of analysts, which is one week earlier than normal, Continue Reading
The U.S. natural gas benchmark is set for several months of below $3 MMBtu price analysts and EIA forecasters say. The agency cited declining demand for heating in the spring Continue Reading
As Texas was crippled last month by frigid temperatures that killed more than 100 people and triggered widespread blackouts, drilling companies in the state’s largest oil field were forced to Continue Reading
Democrats on Capitol Hill are aiming to swiftly reinstate Obama-era rules designed to rein in the emission of methane from the nation’s oil and gas industry. Senate Majority Leader Charles Continue Reading
New Mexico regulators finalized rules to nearly eliminate routine natural gas flaring, making it the second state in the US to ban the practice, as operators in the Permian Delaware Continue Reading
US gas storage volumes declined more than the market expected in the week ended March 19, prompting a slight rise to the Henry Hub summer strip despite the likelihood of Continue Reading
Highlights Mismatch between available financing, quality projects Bankers encourage greater contract, distribution flexibility Houston — There is a mismatch between the amount of available financing and the number of quality Continue Reading
Domestic gas production surged to a nearly 12-month high this week as rising optimism in the US oil and gas industry continues to fuel an expansion in drilling activity and Continue Reading
One rather grim data point in the economic recovery from the pandemic: Methane emissions from America’s largest oil field have rebounded. Pollution from the Permian Basin dropped 60% from March to Continue Reading
Output hits annual high, averaging 3.7 Bcf/d in March At 18 rigs, count remains at 40% of pre-pandemic level Production drop in 2021 to flatten through early 2020s After rebounding Continue Reading
Analysts expect US natural gas in storage volumes fell by about half the five-year average the week ended March 19, in what looks to possibly be the final net draw Continue Reading
Global demand for liquefied natural gas will grow to 700 million tons annually by 2040 from 360 million tons last year, Shell said in its LNG Outlook 2021 . As Continue Reading
Russia’s government approved on Monday the country’s long-term development program for liquefied natural gas (LNG), expecting production capacity to rise threefold from current levels to 140 million tons per year Continue Reading
Last year was an unprecedented year for natural gas and liquefied-natural-gas (LNG) markets. Whereas natural gas demand declined by 3%, LNG demand proved to be more resilient and managed to Continue Reading
US LNG feegas demand hit a new record March 19 as total deliveries approach 12 Bcf/d, S&P Global Platts Analytics data show. Receive daily email alerts, subscriber notes & personalize Continue Reading
Feedgas deliveries to US liquefaction terminals set a new record March 17 of 11.65 Bcf/d as end-user prices in Northeast Asia rose for April, S&P Global Platts Analytics data showed. Continue Reading
Analysts call for another below-average storage withdrawal to US gas stocks, and a rare seasonal net injection is possible in the weeks ahead as the February deep freeze fades into Continue Reading
US natural gas storage volumes declined less than the market expected for the second consecutive week, weighing again on prices as only three net draws likely remain before injection season Continue Reading
US natural gas storage volumes declined less than the market expected for the second consecutive week, weighing again on prices as only three net draws likely remain before injection season Continue Reading
The gas supply shortness in the US Southwest that has been driving up prices and pulling Permian Basin volumes that would otherwise be going to Gulf Coast demand centers is Continue Reading
Despite February’s deep freeze drastically reducing Midwest gas storage volumes, mild weather in March looks to flip the deficit back in line with historical norms as supply grows and regional Continue Reading
Working gas operators reported the second-largest weekly net withdrawals for the Lower 48 states following a week characterized by widespread extreme cold throughout most of the country, which increased heating Continue Reading
The extreme winter weather last week resulted in the second-largest withdrawal of natural gas from storage in the U.S. as demand spiked, the Energy Information Administration (EIA) said on Friday. Continue Reading
Haynesville, Permian gains lift output to 92.7 Bcf/d Henry Hub balance-2021 curve falls below $3/MMBtu Forwards, futures markets shrug off storage risk A rapid recovery in output from shale basins Continue Reading
Natural gas production in Texas collapsed by 45 percent during the cold snap last week, primarily due to freeze-offs, the Energy Information Administration (EIA) said on Thursday, citing estimates from Continue Reading
Highlights Prices retreat following epic winter storm Production rebounds quickly following freeze-offs The US natural gas storage industry posted its second-largest draw on record last week, but the Henry Hub Continue Reading
Texas, the fossil fuel center of the US, was let down by its natural gas delivery system during last week’s energy crisis, according to the head of the country’s top Continue Reading
Surplus to five-year average will switch to deficit Prices retreat following polar vortex US natural gas stocks posted a massive draw last week, likely well north of 300 Bcf, as Continue Reading
Global natural gas demand is set to return to pre-crisis levels as early as this year and will continue to rise in the coming years, thanks to the coal-to-gas switch Continue Reading
The worst of the squeeze on natural gas supplies appears to have passed as spot prices in Oklahoma plunged 99% on Thursday, ending a dramatic rally amid the chaos caused Continue Reading
Right now there are no liquefied natural gas tankers docked and loading at any of the six U.S. export terminals for the first time since global demand for the superchilled Continue Reading
Spot natural gas prices across much of the Central and Western US fell sharply Feb. 18, as domestic production stabilized and heating demand continued to ease amid warming temperatures. Receive Continue Reading
The decade-long fracking boom in Appalachia has not led to significant job growth, and despite the region’s extraordinary levels of natural gas production, the industry’s promise of prosperity has “turned Continue Reading
Texas is restricting the flow of natural gas across state lines in an extraordinary move that some are calling a violation of the U.S. Constitution’s commerce clause. Texas Governor Greg Abbott Continue Reading
Texas Governor Greg Abbot has ordered all sourced natural gas in Texas be made available to local power generators before leaving the state, according to an official correspondence sent by Continue Reading
Methane leaks from at least eight natural gas pipelines and unlit flares in central Turkmenistan earlier this month released as much as 10,000 kilograms per hour of the supercharged greenhouse Continue Reading
Natural gas prices across much of the Western US surged to record highs in Feb. 12 trading as arctic weather fueled extreme localized demand, pushing supply and deliverability to their Continue Reading
Last week’s draw from US working natural gas in storage proved strong enough to reduce the year-on-year surplus to a deficit while the possibility for the largest weekly draw ever Continue Reading
The Midcontinent led the surge in US gas prices in Feb. 11 trading as a sharp rise in heating demand met with regional production freeze-offs, significantly tightening balances across the Continue Reading
