Oil Majors Win Big As LNG Prices Soar
Shell turned the lights back on at its Prelude offshore LNG facility just as Asia was being frozen by a cold spell that sent prices for liquefied natural gas sky-high. Continue Reading
Asian storage demand in spotlight as traders fear flood of LNG in summer
Highlights JKM drop triggers fear of abundant spring LNG deliveries to Europe Asian storage demand expected to cushion as stock fell below 3-year average But summer arbitrage opportunities to Europe Continue Reading
LNG Benchmark Tops $30
A shortage of LNG tankers has also boosted charter rates to a record high. (Bloomberg) — North Asia’s liquefied natural gas benchmark rose above $30 per million British Thermal units Continue Reading
EIA: U.S. Natural Gas Reserves Slip Amid Low Prices
Natural gas reserves in the United States fell by 2 percent in 2019 due to low prices, the Energy Information Administration said in an update on the country’s oil and Continue Reading
Three US LNG facilities see lower utilization as historic Asian price surge continues
Kinder Morgan’s Elba Liquefaction is working on scheduling repairs to a unit at the 10-train facility in the US state of Georgia that has been offline since a fire eight Continue Reading
Cold Snap Sparks Record Rise in Natural Gas Prices in Asia
A blast of cold weather in northeast Asia and a shortage of ships for transporting gas have sparked a scramble for cargoes of liquefied natural gas, igniting a steep rise Continue Reading
Shell Restarts Production At Huge Prelude Project As LNG Prices Soar
Shell has restarted production of liquefied natural gas at its Prelude offshore project in Australia after almost a year’s suspension. “LNG cargoes have resumed from Shell’s Prelude FLNG facility,” Argus Continue Reading
Slim pickings for prompt LNG cargoes to meet historic Feb Asia demand
The scarcity of on-the-water LNG cargoes heading to Asia and a constriction in supply for loading in late January meant that buyers of prompt deliveries have been left with a Continue Reading
Industrial gas demand growth continues into new year, despite coronavirus risks
Recent growth in industrial natural gas demand has continued into January, outperforming year-ago levels, despite recently expanded lockdowns related to the ongoing coronavirus pandemic. Receive daily email alerts, subscriber notes Continue Reading
Shale gas pioneer Chesapeake Energy worth $5.13 billion on bankruptcy exit -U.S. judge
Chesapeake Energy Corp’s value has soared since its June bankruptcy filing, the U.S. judge overseeing the natural gas producer’s trial indicated, and is worth $5.13 billion, far above the shale Continue Reading
U.S. Natural Gas Prices Hit Lowest In Decades In 2020
Milder weather and decreased demand resulted in U.S. natural gas spot prices averaging in 2020 the lowest in decades, since at least 1997, data from the Energy Information Administration (EIA) Continue Reading
Appalachia Q1 forwards spike as Polar Vortex threatens production freeze-offs
Warnings from meteorologists about the potential for polar vortex weather to develop in the central and eastern US later this month are fueling a rally in Appalachia’s balance-of-winter gas market, Continue Reading
The Future For Natural Gas Is Far From Certain
Natural gas seems to be locked in a range that prevents it from being truly economic across the demand cycle. As you can see from the graphic below, for about Continue Reading
LNG Faces Tough Winter In Europe
Making bold assertive statements is never a prudent strategy for any analyst, regardless of the topic to be examined. Risking the peril of not seeing the sudden twist behind the Continue Reading
Energy and Natural Gas Outlook: LNG Headed for Rebound After Pandemic Demand Dip
Liquefied natural gas traders anticipate a swift demand recovery in 2021 after a year in which the coronavirus pandemic prompted dramatic price swings. Colder weather in key importing nations, outages at Continue Reading
US gas storage stocks set for higher-than-average draw in final full week of 2020
US natural gas in storage likely fell by a margin much higher than the five-year average once again last week despite the Christmas holiday, which typically douses demand. Receive daily Continue Reading
LNG price rise improves US export prospects
A sharp rise in global prices for natural gas is proving a relief for companies seeking to export more of the fuel from the US, after a year of setbacks Continue Reading
US liquefaction terminal utilization jumps as Asian spot prices rise to 2014 level
US LNG feedgas demand surged Dec. 28 to near a record set two weeks earlier as spot prices for deliveries to Northeast Asia, the world’s biggest import market, rose to Continue Reading
Companies Seek to Green the Grid With Trash Gas
Missouri hardly produces any natural gas, unless you count the hogs. The methane wafting from the manure ponds at swine farms across the state is increasingly funneled into pipelines and Continue Reading
Why No One Can Solve Texas’ Flaring Crisis
When Jim Wright won a seat on Texas’ energy regulator against climate activist challenger Chrysta Castaneda, the anti-fossil fuel movement’s collective hearts sank. The planet will be ruined! But the Continue Reading
Clean Energy and Total to create JV to develop carbon-negative RNG and infrastructure in US; $50M from bp
Clean Energy Fuels Corp. and its largest shareholder, Total S.E., will create a 50/50 joint venture to develop carbon-negative renewable natural gas (RNG) production facilities in the United States, as Continue Reading
Panama Canal wait times rise for Asia-bound LNG cargoes without reservations
Average Panama Canal passage wait times for Asia-bound LNG tankers from the US Gulf Coast without reservations are up to 13 days, the Panama Canal Authority has reported. Receive daily Continue Reading
US producers capture record volume of associated gas production in 2020
US operators captured a record percentage of associated gas in oil-rich US plays in 2020 as new infrastructure combined with lowered output, while natural gas achieved the strongest gas-to-oil price Continue Reading
US working natural gas volumes in underground storage declines 152 Bcf: EIA
US working natural gas stocks fell well below the five-year average last week, but within expectations, while Henry Hub futures fell following the announcement despite another above-average draw likely for Continue Reading
Weather forecasts, supply gains pose risk to rally in Northeast winter gas prices
As the US Northeast digs out from its first major winter storm, a bullish runup in first-quarter 2021 gas prices there is looking overdone now with weather forecasts and supply Continue Reading
U.S. LNG Exports Surge
1. China’s oil import surge ended – China’s imports of crude oil are set to jump 10% this year, but the import surge occurred during the downturn earlier this year Continue Reading
‘Time to think big’: New gas association chair talks hydrogen, renewable fuels
Renewable gases and zero-carbon hydrogen will play a key role in decarbonizing the US natural gas distribution system and the industry’s environmental stewardship, according to David Anderson, president and CEO Continue Reading
Californians Can Now Pay Extra for Gas from Cow Manure
Southern California residents now have the option to pay a little extra to get some of their natural gas from landfills and cow manure. (Bloomberg) — Southern California residents now Continue Reading
U.S. liquefied natural gas exports set a record in November
During the summer of 2020 , monthly exports of liquefied natural gas (LNG) from the United States were the lowest in 26 months but have since increased, and in November, Continue Reading
An Under-The-Radar Opportunity In LNG
Natural gas production and liquefied natural gas (LNG) exports, including in the United States, could get a boost from a relatively new and not-so-self-evident revenue stream—the global shipping industry. Driven Continue Reading
Commodities 2021: Henry Hub cash volatility to run into 2021 on sustained production weakness
Elevated price volatility and trade volume at the US benchmark Henry Hub this autumn will likely continue into 2021 as domestic production weakness keeps the market off balance. Receive daily Continue Reading
U.S. LNG Exports Hit Record High In November
Exports of liquefied natural gas (LNG) out of the United States hit an all-time high in November due to recovering global gas demand and prices and unplanned outages at LNG Continue Reading
ANALYSIS: US Northeast gas demand, spot prices surge as winter’s first Nor’easter approaches
Natural gas prices in the US Northeast are up sharply this week as the region’s first major winter storm of the season approaches, bringing freezing temperatures and a corresponding spike Continue Reading
US liquefaction terminals hit new utilization high as Asian prices top $12/MMBtu
US LNG feedgas demand hit a new record near 11.6 Bcf/d as Asian import prices continued to soar, S&P Global Platts Analytics data show. Receive daily email alerts, subscriber notes Continue Reading
Bombshell Report Pours Cold Water On Global LNG Outlook
When the European Union tied its pandemic relief plan to renewable energy generation and emissions reduction targets, analysts sounded an alarm for LNG as the production of the superchilled fuel Continue Reading
China Looks To Boost Shale Gas Development
China is looking to attract investments in shale gas developments by easing restrictions on foreign entities and subsidizing costs in a bid to boost its natural gas production while its Continue Reading
Department Of Energy Extends LNG Export Terms
The U.S. Department of Energy has extended the export terms for seven LNG license until 2050 for projects currently under construction or pending the start of construction. The extensions include Continue Reading
ANALYSIS: Surging LNG export demand, lower Permian production lift South Texas cash basis
Basis prices at South Texas natural gas hubs are at significant premiums to year-ago levels this month as strong exports and lower production tighten the supply-demand balance in the Lone Continue Reading
The Top U.S. Shale Gas Basin Continues To Bleed Cash
The shale revolution may have made the United States and the world’s largest natural gas producer, but it has failed to make the biggest U.S. shale gas drillers any richer. Continue Reading
Mild weather forecast for US Northeast promises to prolong bearish start to winter
Cash prices in the US Northeast fell in Dec. 10 trading as weather forecasts called for more mild temperatures over the next two weeks, extending an already bearish trend for Continue Reading
Coronavirus-related lockdowns put recovery in US industrial gas demand at risk
US industrial gas demand is trending above year-ago levels this month but widening coronavirus-related lockdowns and emerging demand weakness in major consumer sectors are now putting the recovery at risk. Continue Reading
US working natural gas volumes in underground storage fall 1 Bcf: EIA
US natural gas in storage fell only 1 Bcf during the week that featured the Thanksgiving holiday in the US, drawing down Henry Hub futures further, but withdrawals should return Continue Reading
Natural Gas Demand Will Grow For Decades To Come
The “bridge fuel” narrative for natural gas is being replaced. Not so easily replaced, however, is the demand for natural gas. Natural gas—just a couple of years ago hailed as Continue Reading
Russia’s Novatek completes trial delivery to China of LNG in ISO containers
Russia’s Novatek has completed its first trial delivery of LNG shipped in ISO containers to Shanghai, China, it said Dec. 1, as it eyes the use of ISO containers for Continue Reading
U.S. shale firms amp up natural gas output as futures signal more gains
Higher natural gas futures prices for 2021 and a continued glut of crude oil are prodding U.S. shale firms to boost gas drilling and production. Shale producers are increasing spending Continue Reading
US working gas in underground storage down 18 Bcf on week: EIA
The US natural gas storage withdrawal season started one week later than normal with a below-average draw of 18 Bcf for the week ended Nov. 20 as the Henry Hub Continue Reading
ANALYSIS: US gas production hits seven-month high prompting cash, forward-market revaluations
US natural gas production is trending at a seven-month high over the past week as producers in Texas, Louisiana and Appalachia reset the outlook for supply and prices this winter. Continue Reading
US natural gas heating season arrives later than normal with 31 Bcf pull: survey
US natural gas in storage looks to start the withdrawal season later than normal, but forecasts show the coronavirus pandemic should do little to deter seasonal demand levels moving forward, Continue Reading
ANALYSIS: US gas production hits seven-month high prompting cash, forward-market revaluations
US natural gas production is trending at a seven-month high over the past week as producers in Texas, Louisiana and Appalachia reset the outlook for supply and prices this winter. Continue Reading
Mild November Weather Stings Natural-Gas Prices
Natural-gas stockpiles are 8% above last year’s levels and 6.2% above their five-year average for this time of year. Natural-gas prices fell Thursday, extending a recent November slide with moderate Continue Reading