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
Appalachian natural gas producers hold the line on drilling as upstream prices push $3
Highlights Eastern Gas South trades above $3 in mid-July Production, drilling down from previous highs Producers largely holding to 2021 capex budgets As natural gas prices in Appalachia push the Continue Reading
US gas exporters face EU methane curbs after carbon tax reprieve
US oil and gas exporters have been warned that they face a further tightening of European anti-pollution rules despite energy’s exclusion from a swath of climate proposals introduced in Brussels Continue Reading
Coastal demand for Permian gas trims northbound flows from West Texas
Waha averages $3.43 in July, up 50 cents on month NGPL Midcon hub trades at discount to West Texas Northbound Permian flows fall below 200 MMcf/d Rising demand for Permian Continue Reading
US EIA lowers Q3 gas demand forecast 1.78 Bcf/d to 72.16 Bcf/d
Highlights EIA raises Q3 gas marketed output 1 Bcf/d to 100.76 Bcf/d Q3 Henry Hub spot gas price forecast rises 30 cents to $3.22/MMBtu The US Energy Information Administration on Continue Reading
Record-breaking summer European gas prices signal an expensive winter
European gas prices vaulted to record highs this summer, driven by factors ranging from low inventories and outages to an Asian buying spree, and signaling further rises in coming months Continue Reading
Asian LNG prices spike to $14/mmBtu as demand remains robust
Asian spot liquefied natural gas (LNG) prices spiked to a fresh eight-year seasonal high this week, as demand remained robust globally for power generation needs in summer. The average LNG Continue Reading
Natural gas prices remain firm after US storage fields add 76 Bcf to inventories
Highlights Build measures 13 Bcf above five-year average Margin narrows for summer to winter futures US natural gas storage fields posted an above-average storage build for the week ended June Continue Reading
U.S. natural gas producers hope customers will pay more for ‘green gas’
U.S. natural gas producers hope climate-conscious electric utilities and gas exporters will pay a premium for what they say is “greener gas” that has been certified as coming from low-emission Continue Reading
There Isn’t Enough Natural Gas
Natural gas markets around the globe are rallying as the world’s importers have come to a stark realization: there isn’t enough supply to go around. A long, frigid winter drained Continue Reading
Democrats in Oil Country Worried by Party’s Natural-Gas Agenda
Democratic Party progressives are pushing President Biden to include in his infrastructure agenda stringent measures to address climate change, including policies designed to end the nation’s reliance on natural gas Continue Reading
Can The U.S. LNG Boom Compete On A Global Scale?
The global liquefied natural gas market has recovered from the 2020 pandemic shock to energy demand. As LNG consumption and spot prices surge this year, U.S. exports of LNG are Continue Reading
Pipeline Operators Score Massive Supreme Court Victory
The U.S. Supreme Court backed on Tuesday a pipeline development consortium in its legal battle with the state of New Jersey over eminent domain for a planned natural gas pipeline Continue Reading
Sizzling forecasts, persistent heat rekindle NYMEX Henry Hub gas futures rally
Prompt-month tops $3.60, bal-21 averages $3.65/MMBtu Heat waves, limited generating capacity lift gas-fired burns Tight US supply-demand fundamentals spur market bulls NYMEX Henry Hub natural gas futures on June 28 Continue Reading
U.S. LNG Exports Are Surging Despite Jump In Shipping Costs
Despite a 65-percent jump in the cost of U.S. exports of liquefied natural gas to the biggest import market, Asia, American LNG shipments abroad have soared to record highs and Continue Reading
NYMEX Henry Hub prompt-month hits 30-month high as US supply balance tightens
Highlights NYMEX prompt-month settles June 25 at $3.50/MMBtu Storage deficit widens to 154 Bcf below five-year average Month-to-date power burn at record high for June The NYMEX Henry Hub prompt-month Continue Reading
Gas infrastructure across Europe leaking planet-warming methane
The potent greenhouse gas methane is spewing out of natural gas infrastructure across the European Union because of leaks and venting, video footage made available to Reuters shows. Using a Continue Reading
Survey calls for another below-average US natural gas storage build
Analysts expect another below-average natural gas injection to US storage fields for the week ended June 18 as multiple regions near the halfway point of the season with sizable deficits Continue Reading
The Natural-Gas Glut Has Evaporated, Driving Prices Higher
Natural-gas prices are starting the summer air-conditioning season nearly twice as high as they were a year ago. Demand for the fuel is picking up as the world’s economies reopen and Continue Reading
Pennsylvania’s gas-well revenue down as price, drilling drop
Pennsylvania’s counties and municipal governments will see the lowest level of annual fee revenue they get from Marcellus Shale gas wells, as drilling slowed and prices sank during the pandemic, Continue Reading
Energy Transition Forces LNG Industry To Cut Emissions
In just a few years, the image of natural gas markedly shifted from the bridge fuel of the energy transition to just another fossil fuel that emits an even more Continue Reading
Hot weather, lower wind output lift gas generation; prices remain a risk
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 Executives Depart in Driller’s Latest Shakeup
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 About To Become Top LNG Importer This Year
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. LNG Exports Set For Another Record High This Year
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
Natural gas in transition: Renewables capturing market from gas-fired generation
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
US EIA raises expected Q3 gas marketed production by 1.63 Bcf/d to 99.76 Bcf/d
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
Is The Golden Age Of Natural Gas Really Over?
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
Natural gas in transition: US residential-commercial markets face uncertainty
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 Needs More LNG Amid Worst Drought in Decades
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 gas storage fields post second consecutive above-average weekly injection
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
U.S. Cities And States Clash Over Natural Gas
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
U.S. Natural Gas Storage Capacity Hardly Increased Since Start Of Shale Boom
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
Battle Brews Over Banning Natural Gas to Homes
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
WoodMac: Asia Needs To Invest More In Gas To Lower Emissions
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
Larger-than-expected US gas storage build prompts Henry Hub price drop
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
Asia Braces For Expensive LNG This Summer
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