Von der Leyen hits out at ‘strange’ Gazprom behavior Russia has ‘one-dimensional’ economy focused on fossil fuels Creates energy security partnership with US The European Commission has intensified its criticism Continue Reading
Panama Canal transit delays also a factor in cancellations Sources hopes arbitrage reopens as Asia prices recover, freight weakens Some expect cancellations to slow only after March loadings Up to Continue Reading
A group of Democrat Senators has just sent a letter pleading for the Biden Administration to limit U.S. LNG exports while the Department of Energy conducts a review of the Continue Reading
Turkey is interested in resuming talks with Israel about using Israeli natural gas and transporting it to Europe, Turkish President Recep Tayyip Erdogan said on Friday, as carried by the Continue Reading
The bitter cold biting the Lower 48 continues to affect Canada as well, driving maximum daily withdrawals from gas in storage and opening a wider deficit to the five-year low Continue Reading
A group of Democratic Senators is urging the U.S. Energy Department to take steps to limit U.S. natural gas exports, the record volume of which leave Americans with higher energy Continue Reading
Output down 1.7 Bcf/d, or about 12% vs. prior week West Texas temperatures to hit 10 degrees, Feb. 3-4 Waha balmo contract eases to $7.25, March rising Permian Basin gas Continue Reading
Henry Hub futures fall below $5/MMBtu Winter storm looks to drive another 200 Bcf-plus pull Natural gas storage fields across the US posted the largest weekly draw of the heating Continue Reading
NYMEX Henry Hub March jumps 75 cents to $5.50/MMBtu West Texas lows to remain below freezing through Feb. 5 The NYMEX Henry Hub prompt-month contract spiked Feb. 2 ahead of Continue Reading
High natural gas prices globally, the historically low storage levels in Europe, and the growing gas demand in Asia could incentivize more long-term U.S. LNG contracts. The role of gas Continue Reading
Natural gas supplies from Poland to Germany via the Russian Yamal-Europe pipeline were suspended again on Wednesday morning after a tentative resumption, data from the German network operator Gascade showed. Continue Reading
Despite record-high natural gas production, Russia has not been sending much above its contractual obligations to Europe this winter season. In the fourth quarter of 2021, Russia’s pipeline exports declined Continue Reading
Colder-than-usual weather in January and high LNG exports reduced U.S. working natural gas storage levels to below the five-year average again, after one of the warmest Decembers on record had Continue Reading
Highlights Deliveries to Gulf Coast Express averaging 40 MMcf/d Double E improves processing plant interconnectivity Permian drilling, well completion, production ramp up The 1.35 Bcf/d Double E Pipeline has begun Continue Reading
Global demand for natural gas will increase only marginally this year as declining use in Europe stifles a post-pandemic recovery in consumption of the fuel. Demand growth will slow to Continue Reading
According to a study published Thursday, Jan. 27, 2022, in the journal Environmental Science & Technology, gas stoves are worse for the climate than previously thought because of constant tiny Continue Reading
Norway’s Hammerfest LNG plant faces a further delay to restarting production after a fire in 2020, operator Equinor (EQNR.OL) said on Monday, delivering a fresh blow to hopes of securing Continue Reading
High global natural gas prices are breaking a two-year logjam of new U.S. liquefied natural gas (LNG) projects with at least three of the multibillion-dollar proposals likely achieving enough supply Continue Reading
Increased transit volumes at the Panama Canal pushed wait times higher for clean petroleum product and unreserved LNG tankers during the week ended Jan. 28, as more cargoes headed to Continue Reading
One of the world’s top liquefied natural gas exporters, Australia, says it is ready to ship LNG cargoes to Europe to “support its friends and allies,” as the U.S. is Continue Reading
U.S. natural gas futures soared over 70% during the last half hour of trade on Thursday and closed up 46% in their highest daily percentage gains on record. The move Continue Reading
U.S. natural gas futures surged 72% just ahead of expiration of the February contract The huge spike in the February contract is a clear sign that bearish bets were being Continue Reading
US natural gas storage fields withdrew more than 200 Bcf for the second week in a row as a pair of 200-plus pulls look likely in the weeks ahead, as Continue Reading
The UK could become much more vulnerable to price shocks and geopolitical events unless new offshore fields are approved and developed—and the UK’s gas production could plummet by 75 percent Continue Reading
The White House is dealing with logistical challenges in its efforts to secure alternative natural gas supply to Europe if Russian supply is interrupted in case Russia invades Ukraine, Press Continue Reading
Western Canada’s natural gas inventory remains on track to end this winter at its lowest level recorded in at least seven years, prompting shortage concerns and possible price spikes. Receive Continue Reading
Natural gas flows to the LNG plant hit a record. Cheniere Energy’s Sabine Pass LNG export terminal in Louisiana is seeing record flows amid a push to send U.S. liquefied Continue Reading
Highlights Waha dips 20 cents, East Texas hubs down over 40 cents Texas gas production down 1 Bcf/d from Jan. 20 to 21 Statewide demand to drop 2 to 3 Continue Reading
The trajectory of US energy policy threatens to raise fuel prices, throttle renewable energy expansion and hamper energy diplomacy, according to the president and CEO of the Interstate Natural Gas Continue Reading
The US is holding discussions with Qatar and other large gas exporters to plan contingency measures in case a Russian invasion of Ukraine disrupts supplies to Europe. The talks with Continue Reading
US natural gas inventory fell by more than 200 Bcf during the second week of 2022, much more than the market expected, yet the Henry Hub prompt retreated nearly 20 Continue Reading
Low temperatures in Boston dip to the single digits F Northeast res-comm demand outpaces 5-year average Boston cash prices top $26, pulling balmo contract up The arrival of frigid weather Continue Reading
Gas prices have slumped despite seemingly favorable geopolitical trends such as increased tensions between Russia and Ukraine, delays in the Nord Stream 2 pipeline, and eastward flows on the key Continue Reading
US natural gas inventories continue to fall at an above-average pace as sinking supplies signal potentially tighter markets in the weeks ahead and greater reliance falls on storage withdrawals and Continue Reading
After earlier rebound, production slides below 92 Bcf/d US gas demand trending near top of five-year range Inventory surplus forecast to evaporate by late January NYMEX prompt-month gas futures prices Continue Reading
Forecasters are predicting a cold snap over the next two weeks. United States natural gas prices could climb even higher if the Arctic blasts materialize. If the U.S. experiences a Continue Reading
Woodmac: Natural gas demand is likely to remain resilient in the short term LNG exporters are expected to post strong results at the start of 2022 Natural gas prices could Continue Reading
As companies rush to set climate goals, some aren’t even getting the basics quite right when it comes to accounting for greenhouse-gas emissions. That’s what researchers in Ireland, the U.K., Continue Reading
Output hits 33.3 Bcf/d Jan. 14, down 4% from record Eastern Gas South basis up 34 cents, January to date 2022 forward basis prices trade at discounts to cash A Continue Reading
The U.S. government has held talks with several international energy companies on contingency plans for supplying natural gas to Europe if conflict between Russia and Ukraine disrupts Russian supplies, two Continue Reading
Midcontinent producing hubs trade into $4.30s/MMBtu Permian flows to Midcontinent up 70 MMcf/d in January Midcontinent, Gulf Coast hubs compete for Permian gas Strong natural gas demand across the central Continue Reading
Highlights Interbasin spreads helped shift trade flows January sees Asia buying appetite pick up LNG transits via the Panama Canal plunged 30% in December as Pacific-bound cargoes diverted to the Continue Reading
Europe’s natural gas woes are far from over in Jan. 2022. Prices are high. Underground reserves that are relied on in cold weather are low. Russia’s state-owned Gazprom isn’t selling Continue Reading
Highlights Average of $4.27 needed for ‘significant’ jump Volumes forecast to average record low in 2022 Operators in the US Rocky Mountain region said natural gas prices must maintain an Continue Reading
Benchmark European gas prices jumped 15% this week after a major pipeline bringing gas from Russia began sending flows eastwards. But why do Russian exports have such an impact on Continue Reading
Highlights Temps plunge, lifting Midwest demand to nearly 28 Bcf/d Chicago city-gate gas prices edge back toward $4/MMBtu Midwest regional gas storage surplus narrows to 25 Bcf Wintry weather and Continue Reading
The United States became the world’s largest exporter of liquefied natural gas in December as deliveries of the superchilled fuel to energy-starved Europe surged. According to Bloomberg calculations , the Continue Reading
The effects of the Canadian cold spell continue to trickle down to the US Midwest, slashing exports to the region while propelling prices higher. Receive daily email alerts, subscriber notes Continue Reading
A third Caribbean liquefied natural gas cargo is headed for Boston, where two other await colder weather before unloading in an unprecedented bet on price spikes this winter. GasLog Partners Continue Reading
Highlights Houston Ship Channel Jan-22 basis falls 60 cents Permian output nears prior record at 14.1 Bcf/d Rigs, drilling, completions highest since Q1 2020 Recent growth in Permian Basin gas Continue Reading
