Toasty early-summer weather and falling wind generation have lifted US gas-fired power burn to seasonal highs this month, but rising gas prices threaten to put a damper on the rally. Continue Reading
Chesapeake Energy Corp. said three executives are leaving, marking the latest shakeup of the senior ranks at the Oklahoma oil and gas producer since it emerged from bankruptcy four months Continue Reading
China will this year overtake Japan as the world’s largest importer of liquefied natural gas, ICIS Edge, a service of market intelligence provider ICIS, said this week, as quoted by Continue Reading
U.S. exports of liquefied natural gas (LNG) are set to surge this year from the already record levels in 2020 as demand in Asia and Europe is high, even in Continue Reading
The accelerating transition toward a low-carbon future promises a slow decline for gas-fired power generation in the years ahead as wind and solar continue to gain traction, propelled by low Continue Reading
The US Energy Information Administration June 8 raised by 1.63 Bcf/d to 99.76 Bcf/d its natural gas marketed production estimate for the US in the third quarter of 2021. Receive Continue Reading
Two years ago the world noted growth in energy demand by 2.3 percent. It was primarily met by natural gas followed by renewables, oil, coal, nuclear, and others. The exploding Continue Reading
Some states impose moratoriums on new gas hookups Others have moved to preserve gas choice As state and local governments across the US pursue increasingly aggressive carbon-reduction targets, the market Continue Reading
Brazil’s worst water crisis in almost a century is turning Latin America’s biggest economy into a hot spot for liquefied natural gas. As hydropower output declines, South America’s most populous Continue Reading
US natural gas storage fields injected just above the five-year average for the week ended May 28, but below-normal builds are expected in the weeks ahead as gas-fired power generation Continue Reading
It all began in California. In 2019, the city of Berkeley enacted the first city-wide ban on new natural gas hookups in residential buildings. The aim was to reduce emissions Continue Reading
Underground storage capacity for natural gas in the United States has stayed essentially flat between 2012 and 2020, and was little changed from 2019 to 2020, the U.S. Energy Information Continue Reading
A growing fight is unfolding across the U.S. as cities consider phasing out natural gas for home cooking and heating, citing concerns about climate change, and states push back against Continue Reading
Despite the call from the International Energy Agency (IEA) that no new funding for fossil fuels is necessary if the world wants to get on the net-zero 2050 pathway, Asia Continue Reading
US natural gas storage fields injected 115 Bcf for the week ended May 21 — much more than expected — prompting Henry Hub futures to decline across the board May Continue Reading
Economic recovery and a rebound in liquefied natural gas demand in the world’s largest LNG importing region, Asia, are set to keep spot regional LNG prices around current levels of Continue Reading
Qatar’s recent announcement that it would build the world’s largest LNG production facility did not prompt any applause from other LNG producers. Now, the tiny Gulf nation is also cutting Continue Reading
The red-and-white flue stacks of the James M. Barry Electric Generating Station tower over the Mobile River, belching steam into the Alabama sky. The sprawling complex of coal and natural Continue Reading
One of the largest utilities in the U.S. put $8 billion into a bet that natural gas would dominate American electricity much like coal had before. “We really consider this Continue Reading
Highlights Site to include 13 million mt/year Baltic LNG facility Some 18 Bcm/year to enter the Russian gas network Site also to produce 3 million mt/year of polymers Russia’s Gazprom Continue Reading
Cutting emissions doesn’t mean ending fossil fuel strategy IEA’s road to net-zero recommendations questioned Natural gas’ future depends in part on messaging, a BP executive said May 19 in a Continue Reading
Competition from coal still a factor in Asia Calcasieu Pass start-up could come by fall US liquefaction project developers’ success in advancing new projects hinges in part on their ability Continue Reading
The US gas storage deficit to last year and the five-year average continued to climb, while warmer weather setting in across the US diminished the chances for bulky builds as Continue Reading
Private companies in America’s most productive oil region are burning unwanted natural gas at almost six times the level of intensity than publicly listed companies. The majority of flaring by the Continue Reading
US natural gas storage fields likely injected another below-average volume for the week ended April 30 as the deficit to the five-year average looks to widen in the week ahead, Continue Reading
Appalachian producers expect stronger year-over-year returns in 2021 based on a sizable percentage of hedged volumes, higher prices, increased export and LNG demand and the completion of an expansion project Continue Reading
Chesapeake Energy Corp (CHK.O) , which exited bankruptcy in February, is working with two banks on a potential sale of its oil-producing South Texas assets that could fetch as much Continue Reading
An executive at U.S. shale gas explorer CNX Resource Corp. criticized the long-term pledges to reduce emissions that have slowly gained traction in the industry, saying they lack detail and accountability. “Committing Continue Reading
The largest LNG vessel ever to load in the US departed Cheniere Energy’s Sabine Pass export terminal in Louisiana on April 29, a company spokeswoman said. Receive daily email alerts, Continue Reading
US natural gas storage fields injected well below the five-year average for the week ended April 23 as cooler weather prompted a net withdrawal from the East region, Energy Information Continue Reading
Asia’s LNG demand has been dampened by the worsening pandemic in India, that is expected to curb gas and power demand, with spot cargoes already impacted, and the declaration of Continue Reading
South Korea’s energy ministry said April 27 that the country’s LNG demand is expected to rise 15.1% through 2034 on the back of higher LNG demand for bunkering and hydrogen Continue Reading
Last week saw some much-needed good news for natural gas. The European Union signaled that it would include natural gas in its energy plans for the future, emissions and all. Continue Reading
Natural gas production in the US is set to grow to a new record in 2022, at 93.3 billion cubic feet per day (Bcfd) and will continue to rise further, Continue Reading
The United States has a long-running love affair with natural gas, with fossil fuels acting as the lynchpin in the country’s power generation mix . At the same time, nearly Continue Reading
The maritime industry, under growing pressure to reduce shipping’s carbon emissions, is coming to a growing consensus that liquefied natural gas will provide an intermediate solution toward finding cleaner fuel Continue Reading
The U.S. benchmark natural gas price reversed losses from earlier on Thursday and turned higher after the Energy Information Administration reported a smaller-than-forecast injection into storage. As of 11:30 a.m. Continue Reading
Cash basis at Waha is trading near historic highs this month as production weakness in the Permian Basin and strong demand from neighboring markets tighten the supply balance in West Continue Reading
“Gas will be a repeat of coal but quicker. When we look at power generation, you can see that going really, really quickly.” This is what the head of company Continue Reading
Permian flared volume falls to 2% from 16% in Q3 2019 Company to eliminate routine flaring onshore by 2025 Flaring, emissions cuts buoy US output growth in 2021 BP is Continue Reading
BP has been one of the companies most responsible for the burning of unwanted natural gas in the busiest U.S. oil field. Now it is trying to clean up its act. Continue Reading
The European Commission is split over whether to postpone a decision on classifying gas generated from fossil fuels as green energy under its landmark classification system for investors. Brussels had Continue Reading
Natural gas is falling out of favor with emissions-wary investors and utilities at a quicker pace than coal did, catching some power generators unaware and potentially leaving them stuck with Continue Reading
Due to the winter storms in February, net natural gas withdrawals from storage this heating season exceeded the five-year average by 10.6 percent, the Energy Information Administration (EIA) said on Continue Reading
Demand, price spikes seen in Northeast Asia, US in Q1 Security of gas supply ‘never out of season’ ‘Time will tell’ if events lead to policy shifts Extreme weather in Continue Reading
Natural gas injected into US underground storage fields the week ended April 9 dwarfed the five-year average once again, but the Henry Hub summer strip gained some ground while the Continue Reading
Highlights Industrial demand to drive global increase But warns of continued impact of pandemic European gas demand set to rise by 3% in 2021 London — Global gas demand is Continue Reading
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
