Biden’s $2 Trillion Energy Plan Could Crush Natural Gas
While Joe Biden has been busy speaking out of both sides of his mouth about what his position on fracking would be, if elected, another revelation has come to light: Continue Reading
Natural Gas Is Booming In Africa
In 2018, while much of the world was leaving coal-fired power in the past and moving toward greener pastures (so to speak) coal was barreling full steam ahead in the Continue Reading
Permian winter 2020-21 market bulls defy autumn-season volatility in Waha cash trade
As spot gas markets in the Permian Basin struggle to gain a foothold above $1 this month, forwards traders appear confident that winter prices there will likely climb to their Continue Reading
Carbon-neutral LNG ambition requires industry-wide methodology: Flame
Ensuring LNG buyers can be confident that carbon neutrality in LNG supply means the same across the industry, an independent body should be established to develop industry-specific methodologies, speakers at Continue Reading
Middle East Natural Gas Megaprojects Face Major Risks
In a new report, the Arab Petroleum Investment Corporation (Apicorp), the investment fund of the Organization of Arab Petroleum Exporting Countries (OAPEC), states that the ongoing oil market crisis and Continue Reading
Russian LNG Gets A Climate Change Boost
Russia’s Novatek said last week it planned to triple current liquefied natural gas production rates to as much as 70 million tons annually by 2030. That’s despite the current glut Continue Reading
Natural Gas Offers Lifeline For Distressed Gulf Oil Giants
Their budgets just don’t add up anymore. Oil-rich Arab nations are in the throes of a deep economic crisis and facing gaping holes in their finances. Saudi Arabia needs the Continue Reading
Haynesville drilling, gas production climb bolstered by rising Henry Hub forwards
Rig counts and gas production in the Haynesville Shale are on the rise recently as stronger winter forwards prices and an anticipated uptick in LNG demand brighten the outlook for Continue Reading
Natural Gas Will Rule The US Energy Market For Decades
Natural gas was first hailed as the bridge between the fossil fuel past and the renewable future. Then it came under fire because although cleaner than oil and coal, it Continue Reading
Six Countries Form Mediterranean Gas Group
Greece, Italy, Egypt, Israel and two other countries will form a permanent organization to promote co-operation over natural gas in the Eastern Mediterranean. Turkey, which has raised tensions by exploring Continue Reading
Natural Gas Craters After Weak Demand, Glut Blindside Bulls
For all the heat waves and hurricanes that have wreaked havoc in America this year, nothing has stopped the nation’s natural gas supplies from swelling, with a massive stockpile gain Continue Reading
Natural Gas Industry Sees Support From U.S. Voters
U.S. voters generally support natural gas production, but nearly half of U.S. registered voters believe the natural gas industry must do more to reduce emissions to have natural gas play Continue Reading
BP And Shell Take A Stand Against Gas Flaring In Texas
BP and Shell have urged Texas energy regulators to put a stop to routine gas flaring across the state’s oil fields, Bloomberg reported , citing a joint letter by the Continue Reading
Lower natural gas demand for US Midwest this winter looks to offset supply losses
Elevated natural gas storage volumes and lower demand looks to offset decreased supply flowing into the US Midwest this winter, but Chicago prices could strengthen if the region pulls more Continue Reading
Gas Traders Hope La Nina Will Bring Harsh Winter
The world’s natural gas traders are hoping for a brutal winter to help sustain a price rally back from a record-setting slump. Fresh in their minds are memories of the Continue Reading
Can Mini-LNG Plants Solve The Gas Flaring Problem?
According to the World Bank, energy companies around the world flared 250 billion cubic meters of natural gas last year. That is the highest gas flaring rate since 2009, representing Continue Reading
Analysis: Rebounding offshore gas production, weaker demand reverse Henry Hub cash rally
Henry Hub cash prices were down sharply Aug. 31 as offshore and Gulf Coast gas production previously shuttered by Hurricane Laura continued to come back online, pressuring the regional supply-demand Continue Reading
Stronger Henry Hub forward prices push up returns in major US dry gas plays
The Henry Hub 12-month forward curve has increased by more than 40 cents over the last month to $2.88/MMBtu, propelling multiple gas plays to boast internal rates of return per Continue Reading
Hurricane Laura: Texas Chemical Plants Leak Toxic Emissions
In the chaos surrounding Hurricane Laura, a sprawling chemical plant in Port Arthur, Texas, released nearly 90 tons of emissions, including a half ton of cancer-causing benzene and 8.7 tons Continue Reading
U.S. LNG Exporters Are Adding Capacity Despite A Plunge In Demand
In a world awash in LNG, any news about more production capacity sounds illogical. Nevertheless, this is what U.S. energy companies are doing: they are boosting their production and export Continue Reading
U.S. Natural Gas Power Generation Hits Record
Increased electricity demand amid higher summer temperatures and lower natural gas prices sent natural gas-fired power generation in the Lower 48 states to a record 36 gigawatts (GW) on July Continue Reading
Does Natural Gas Hold The Key To Peace In The Middle East?
Two weeks after the devastating explosion that damaged or destroyed large sections of Beirut, former Lebanese President Michel Aoun was asked by French television about the possibility of making peace Continue Reading
Coronavirus Further Complicates Shell’s Giant Floating Gas Project
Royal Dutch Shell RDS.A -1.63% PLC spent billions of dollars developing one of the world’s most challenging energy projects, a floating gas terminal five football fields long. The coronavirus pandemic is posing a Continue Reading
Fewer cargo cancellations for October to aid continuing US LNG output recovery
Up to 10 cargoes scheduled for loading in October at US liquefaction terminals were said to have been canceled, the fewest since May as improving prices in key end-user markets Continue Reading
US LNG activity rebound pushes terminal feedgas deliveries to almost 5 Bcf/d
Gas deliveries to US liquefaction terminals rose to the highest level in two and a half months Aug. 20 at almost 5 Bcf/d amid improving prices in end-user markets and Continue Reading
Waha winter forwards hit 40-month highs as Permian gas production rebound stalls
Forwards markets are becoming increasingly bullish on winter natural gas prices in West Texas as the recent and precipitous drop in Permian Basin drilling activity begins taking its toll on Continue Reading
Oregon senators prepare bills to rein in eminent domain use for gas projects
Two Democratic Oregon US senators are readying legislation that would impose new constraints on the use of eminent domain for interstate natural gas projects, particularly those targeting exports. Receive daily Continue Reading
Analysis: Permian supply concerns push SoCal winter gas prices toward record highs
SoCal Gas city-gate winter 2020-21 forwards prices are now at their highest since early May as stalling West Texas gas production and shifting regional fundamentals boost competition for Permian supply. Continue Reading
Is This The Next Major Market For Russian LNG?
Russia’s ambitious LNG plans have so far based on two producing assets – the Gazprom-operated Sakhalin LNG and the NOVATEK-operated Yamal LNG. The addition of Yamal LNG into its portfolio Continue Reading
Operators, state agencies make moves to limit flaring in oil-rich Permian Basin
The crude crash price and subsequent shut-ins across the Permian Basin in the second quarter of 2020 allowed multiple producers to reduce their associated gas flaring volumes, prompting state officials Continue Reading
Analysis: Mounting gas storage in US Southeast threatens Henry Hub price rally
Natural gas storage inventories in the US Southeast continue building this month as the potential for a truncated regional injection season looms large over a recent price rally at the Continue Reading
Henry Hub price rally stems retreat in Haynesville drilling and production
The outlook for Haynesville gas production appears to be turning around this month as Henry Hub prices continue to rally above the critical $2 threshold and recent declines in drilling Continue Reading
LNG Train Starts Up on Gulf Coast
McDermott International Ltd. reported Monday that Train 3 at Cameron LNG has begun commercial operation. Sempra LNG, Total S.E. Mitsui & Co., Ltd. and Japan LNG Investment LLC jointly own Continue Reading
Cost Of Shale Gas Drilling Permit In Pennsylvania Jumps 150%
Pennsylvania more than doubled as of August 1 the fee for all unconventional well permit applications, while shale companies call on state officials to find other mechanisms to fund the Continue Reading
Is Natural Gas Still The Fuel Of The Future?
BP now says it will reduce its oil and gas production by 40 percent by 2030 as part of its pivot to low-carbon operations. But many will wonder why natural Continue Reading
Largest U.S. Gas Utility Sues California Over Climate Policy
Southern California Gas Co is suing the California Energy Commission over the state’s climate policy and attempts to phase out natural gas as a source of heating and cooking. Southern Continue Reading
LNG and Energy: Global Gas Exports Drop for Third Month as Virus Cuts Demand – Bloomberg
The liquefied natural gas market contracted a third month in July as countries continue to struggle with the economic fallout from the coronavirus pandemic. Global exports of the fuel last month Continue Reading
Why Natural Gas Prices Just Exploded
The weather is going to be hot after all in the short term, forecasts now predict. That prediction sent natural gas prices soaring on Monday by nearly 20 percent as Continue Reading
Shale Driller Unloading Gas Fields for Pennies on the Dollar
Range Resources Corp. sold its Louisiana shale fields for about one-tenth of what it paid for them just four years ago as depressed natural gas prices hammered the heavily indebted driller. Range Continue Reading
Asian LNG Prices Are Way To Low For U.S. Exporters
A massive wave of investment has poured into LNG export terminals around the world in recent years, and nearly all of the projects have China at the center of their Continue Reading
Is Natural Gas Set To Plunge Again?
With crude stuck in a range for a month or so, my attention has increasingly been on natural gas. That is unusual for me. Anything that moves in big chunks Continue Reading
US working natural gas volumes in underground storage rise by 26 Bcf: EIA
Storage inventories increased by 26 Bcf to 3.241 Tcf for the week ended July 24, the US Energy Information Administration reported July 30. Receive daily email alerts, subscriber notes & Continue Reading
Analysis: Henry Hub gas forwards turn bullish on tightening US supply-demand fundamentals
Highlights Bal-20 curve up 18%, or 32 cents, from late-June low Power burn, industrial recovery support demand Lower injection demand eases US storage surplus Balance-2020 forwards prices at the Henry Continue Reading
The Permian Could See Record Gas Production In 2021
The pandemic has curtailed associated gas production in the Permian basin, temporarily relieving some gas flaring, but the basin could return to record gas production levels by the end of Continue Reading
LNG Industry Could Bring 100,000 Jobs To Canada
A new report by the Conference Board of Canada , and funded by the Canadian LNG Alliance, determined that a 56-million-tonnes-per-year LNG industry in British Columbia would generate nearly 100,000 Continue Reading
Ukraine Opposes U.S. LNG Pricing Formula
Ukraine’s state-held gas firm Naftogaz is reportedly opposed to the pricing formula for U.S. liquefied natural gas (LNG) it could receive under a long-term contract, while there isn’t enough infrastructure Continue Reading
Russia’s Novatek ships first LNG cargo to Japan eastbound via Northern Sea Route
Russian LNG producer Novatek said July 24 it had shipped its first cargo from the Yamal LNG project to Japan eastbound via the Northern Sea Route, giving the company scope Continue Reading
Gas flaring and preterm births
A flare at an oil and gas processing plant outside Cuero, Texas, in 2015. The study, published this month the journal Environmental Health Perspectives , found that pregnant women who Continue Reading
1 In 10 Gas Flares In Permian Malfunction
More a tenth of gas flares in the Permian play tend to malfunction and release unlit methane into the atmosphere, the Environmental Defense Fund has reported, based on a new Continue Reading
Is Warren Buffet Right About Natural Gas?
I have established a reputation as a bit of a contrarian in certain areas of the energy market. I have been tough on pipeline companies in particular. Pipelines have attributes Continue Reading