Natural Gas Buzz

South Asian LNG buyers, particularly Pakistan and Bangladesh, are finding it difficult to pay high spot prices as the region moves into the winter season. Meanwhile, India has too much of the super-chilled fuel because domestic consumers refuse to pay top dollar. Asian liquefied natural gas spot prices jumped last week, hitting a seven-week high,…

The post South Asian LNG Buyers Said Locked Out of Spot Market as Winter Approaches appeared first on Natural Gas Intelligence

Germany’s recently nationalized utility Uniper SE, previously one of Europe’s largest buyers of Russian pipeline natural gas, is moving to recover some of its monumental losses from Gazprom PJSC while it continues to divest from the country. Uniper management announced in Düsseldorf Wednesday the company is pursuing arbitration to recover damages from Gazprom it claims…

The post Germany’s Uniper Moves to Recover Natural Gas Losses from Russia’s Gazprom appeared first on Natural Gas Intelligence

Tax raises total tax hit on oil and gas sector to 75%.

Natural gas futures gave up ground Wednesday as traders absorbed reports of increased production, uneven weather-driven demand and the potential to avert a railroad strike.  At A Glance: BREAKING: U.S. EIA reports 81 Bcf withdrawal from storage Production picks up Markets mull weather The January Nymex natural gas futures contract, a day after edging ahead…

The post Natural Gas Futures Drop on Mixed Weather, Higher Production appeared first on Natural Gas Intelligence

Discussions will focus on reviving the Vertical Gas Corridor concept.

Spain’s Repsol SA has certified all of the 400 MMcf/d of natural gas it produces in the Marcellus Shale in Pennsylvania as responsibly sourced, the company announced last month. Repsol’s production from more than 680 wells was certified under the standards set by nonprofit MiQ. The assessment process took place over a six-month period, according…

The post Repsol Supplying 400 MMcf/d of Certified Marcellus Natural Gas  appeared first on Natural Gas Intelligence

The U.S. Energy Information Administration (EIA) reported a larger-than-normal 81 Bcf withdrawal from natural gas storage inventories for the week ending Nov. 25. Natural gas futures prices were more than a dime higher in the minutes leading up to the EIA report, with the January Nymex contract around $7.060/MMBtu. However, the prompt month dipped slightly…

The post Natural Gas Traders Shrug Off Larger-Than-Normal Storage Draw, Sends Futures Lower appeared first on Natural Gas Intelligence

Sempra expects FID on Phase 1 early in 2023. [Image credit: Sempra Infrastructure]

The American Petroleum Institute (API) has put forth a pair of recommendations to the standards for natural gas storage facilities that guide federal and state inspections and are aimed at ensuring safety and reliability. Recommended Practice (RP) 1170 – Design and Operation of Solution-mined Salt Caverns Used for Natural Gas Storage – provides guidance for…

The post API Seeking to Shore Up Risk Management, Safety at Natural Gas Storage Facilities appeared first on Natural Gas Intelligence

Click here to listen to the latest episode of NGI’s Hub & Flow, in which Patrick Rau, NGI’s Director of Strategy and Research, takes a look at the recent U.S. natural gas production trend, whether it is sustainable into the new year, and what it all means for prices going forward. Acknowledging that the pace…

The post Can the Recent U.S. Natural Gas Production Uptick Continue Into 2023? – Listen Now to NGI’s Hub & Flow appeared first on Natural Gas Intelligence

Natural gas futures rebounded in early trading Thursday ahead of updated government inventory data expected to reveal a larger-than-average withdrawal following unseasonably cold temperatures last week. Coming off a 30.5-cent sell-off in the previous session, the January Nymex contract was up 18.6 cents to $7.116/MMBtu at around 8:45 a.m. ET. For the latest Energy Information…

The post Hefty Withdrawal Expected from EIA Latest as Natural Gas Futures Rebound Early appeared first on Natural Gas Intelligence

In the story, “Cabot Successor Pleads No Contest to Water Contamination Charges in Northeast Pennsylvania,” NGI incorrectly stated that Coterra pleaded no contest to all charges related to alleged environmental crimes in Northeast Pennsylvania. The co…

The risk of short power outages has increased in Finland due to uncertainty in domestic production and foreign imports, the Finnish energy authority said on Thursday.

There is limited upside for Russian gas flow to Europe this year.

Mexico’s energy ministry tried earlier this year to block the publication of stricter rules on natural gas flaring, according to documents seen by Reuters, saying they would hurt state oil company Pemex and its plans to increase production.

Australian media has reported that the federal government will likely cap wholesale gas prices at about A$12/gigajoule as a measure to curb rising power prices.

The 249-MW Canoas power plant, situated in Brazil’s southernmost Rio Grande do Sul state, is capable of running on both natural gas and diesel oil.

The companies may submit joint bids in India’s CBM special bid round 2022.

Woodside Energy Group said for the first time on Thursday it was willing to consider sending gas from the huge Greater Sunrise field to East Timor, instead of its long-preferred option of Darwin in Australia.

The energy minister said these discoveries would help increase the Kingdom’s natural gas reserves.

The contracts are related to Block 10 in Oman.

The Canadian government on Wednesday approved an expansion to TC Energy’s NOVA Gas Transmission Ltd (NGTL) pipeline system in Alberta, which will help improve market access for western Canadian natural gas.

Natural gas futures gave up ground Wednesday as traders absorbed reports of increased production, uneven weather-driven demand and the potential to avert a railroad strike.  At A Glance: Gas production bounces back Markets mull evolving weather Analysts see storage pull in 80s Bcf The January Nymex natural gas futures contract, a day after edging ahead…

The post Natural Gas Futures Flop Following Production Bump, Mixed Weather Outlook; Cash Prices Climb appeared first on Natural Gas Intelligence

Canadian Natural pledged to reduce greenhouse gas emissions by 40% from 2020 levels by 2035

TC Energy Corp. is forecasting substantial earnings and volume growth from its Mexico natural gas pipeline network over the coming years, executives said Tuesday. “[T]he energy fundamentals in Mexico strongly support the need for additional gas supplies to meet growing demand across the industrial heartland in central Mexico, as well as in southern Mexico and…

The post TC Energy Aiming to Double Mexico Natural Gas Earnings by 2026 appeared first on Natural Gas Intelligence

The United Arab Emirates’ Abu Dhabi National Oil Co. (Adnoc), is planning to combine its natural gas processing and LNG units into one partially public company as a part of its plans to modernize its structure and boost production. Dubbed Adnoc Gas, the new entity would incorporate all of the group’s gas processing operations and…

The post Adnoc Consolidates Natural Gas, LNG Units as Part of $150 Billion Growth Plan appeared first on Natural Gas Intelligence

Cybersecurity risks to offshore oil and natural gas facilities such as those from state actors and cyber criminals are on the rise. In a new report, the U.S. Government Accountability Office (GAO) said the federal government has identified the oil and gas sector as a target of malicious state actors. Exploration and production (E&P) operations…

The post U.S. Offshore Natural Gas, Oil Infrastructure Said Under Increasing Cybersecurity Threats appeared first on Natural Gas Intelligence

TC Energy Corp. is again facing “significant cost pressures” for the 2.1 Bcf/d Coastal GasLink pipeline being built to feed Shell plc’s LNG Canada export project in British Columbia.

The post TC Energy Forecasting Higher Costs for Coastal GasLink Pipeline – The Offtake appeared first on Natural Gas Intelligence

Coterra Energy Inc. has agreed to pay more than $16 million to build a new public water supply system in Dimock, PA, to resolve charges that its predecessor, Cabot Oil and Gas Corp., contaminated residents’ well water over a decade ago during unconventional natural gas development in the area. Coterra, formed in 2021 after Cabot…

The post Cabot Successor Pleads No Contest to Water Contamination Charges in Northeast Pennsylvania appeared first on Natural Gas Intelligence

The European Union’s energy chief on Wednesday defended the bloc’s proposal to cap gas prices and said countries will negotiate possible changes to the proposal, after a backlash from EU member states.

Natural gas futures found fresh footing on Tuesday, with the January contract rebounding in its first session as the front month on production drops, rising railroad strike fears and expectations for stronger demand in the month ahead. After sliding 13.4 cents to start the week, January Nymex gas futures settled at $7.235/MMBtu on Tuesday, up…

The post January Natural Gas Futures Claw Out Gain; Cash Prices Strong appeared first on Natural Gas Intelligence

U.S. crude production held steady last week while demand ticked lower even amid Thanksgiving holiday travel. Oil prices pushed higher Wednesday, though gains developed prior to the government data release. Market speculation that OPEC and its allies could further slash production through this year and into 2023 propelled bulls. Brent crude prices hovered around $85/bbl…

The post Domestic Oil Output Steady as Demand Flatlines Around Thanksgiving; OPEC-plus Mulls More Cuts appeared first on Natural Gas Intelligence

Construction expected to begin in 2023, targeting completion in late 2027. [Image credit: Woodfibre LNG]

Mexico has big plans to become an LNG export powerhouse, but it might not have the pipelines or available capacity to do so, according to experts. “Is there enough capacity and pipelines to support these projects? I don’t think so,” said the head of the Gadex consultancy, Eduardo Prud’homme, at the LDC Gas Forums’ U.S.-Mexico…

The post U.S. Natural Gas Holds Key to Mexico LNG Projects, Power Plants appeared first on Natural Gas Intelligence

BP plc reported it has achieved first gas from its offshore Cassia C development, its latest milestone in the effort to sustain natural gas flows and LNG cargoes from Trinidad and Tobago. The firm disclosed Tuesday it had transported ashore its first gas volumes from its latest development in the Greater Cassia area more than…

The post BP Achieves First Natural Gas from Latest Development to Boost Trinidad and Tobago Volumes appeared first on Natural Gas Intelligence

German utility Uniper has launched an arbitration process in the hope of securing billions of euros in compensation from Russia’s Gazprom over undelivered gas volumes, Uniper CEO Klaus-Dieter Maubach said on Wednesday.

Click here to listen to the latest episode of NGI’s Hub & Flow, which delves into the Permian Basin’s complicated and constrained natural gas takeaway equation, the impact on prices and what factors could help to alleviate the current situation. In this episode, Patrick Rau, NGI’s Director of Strategy and Research, takes a closer look…

The post Can Mexico, Arizona Narrow Waha Natural Gas Basis Price Differentials? – Listen Now to NGI’s Hub & Flow appeared first on Natural Gas Intelligence

The New York Independent System Operator (NYISO) announced it has adequate supplies to meet the state’s forecasted peak winter electricity demand of 23,893 MW.  NYISO said it is stocked with a total of 43,184 MW of available supply, which includes imports from neighboring regions, leaving it “well positioned to meet this winter’s forecasted demand and…

The post NYISO Ready For Winter Demand, Though Natural Gas Losses Outpacing Renewable Adds Pose ‘Risk’ Later in Decade appeared first on Natural Gas Intelligence

As traders weighed bearish short-term fundamental factors against the potential for colder conditions to develop later in December, natural gas futures eased lower early Wednesday. As of around 8:45 a.m. ET, the January Nymex contract was down 5.6 cents to $7.179/MMBtu. February was off 3.5 cents to $7.049.  A number of factors were weighing on…

The post Natural Gas Futures Ease Lower as Market Continues Mulling December Weather Outlook appeared first on Natural Gas Intelligence

Algeria is looking to open up its oil and gas sector to greater foreign investment.

Revenue was up 61% year/year.

Eni is in preliminary talks to buy private-equity backed gas and oil producer Neptune Energy for around $5-$6 billion, a source with knowledge of the matter said on Wednesday, adding that no official bid had been submitted.

Excelerate Energy , a U.S. company that provides storage and regasification services for liquefied natural gas globally, could complete its planned gas liquefaction plant in Argentina by 2025, according to an executive.

The decision will have no bearing on APA contests, however.

German Chancellor Olaf Scholz welcomed a new deal for liquefied natural gas (LNG) from Qatar on Tuesday as a “building block” towards his country’s energy security and a sign that Berlin had many different countries to tap for supplies.

This upgrade is part of Tuas Power’s efforts to achieve energy efficiency improvements.

The Hancock offer is higher than Beach Energy’s proposed A$0.20/share bid and Strike Energy’s A$0.186/share proposal.

The state-owned company has also announced the creation of ADNOC Gas, a new gas processing and marketing company, effective January 2023.

Natural gas futures found fresh footing on Tuesday, with the January contract rebounding in its first session as the front month on production drops, rising railroad strike fears and expectations for stronger demand in the month ahead. After sliding 13.4 cents to start the week, January Nymex gas futures settled at $7.235/MMBtu on Tuesday, up…

The post January Natural Gas Futures Contract Advances in Debut as Prompt Month; Spot Prices Soar appeared first on Natural Gas Intelligence

Mexico’s Comisión Federal de Electricidad (CFE) has signed yet another deal with a private sector firm to increase natural gas transport in the country. This time it’s with French company Engie SA. The two firms will work together to expand capacity on the 483-mile, 250 MMcf/d Mayakan pipeline, in the Yucatán Peninsula. The Engie trunkline…

The post CFE, Engie Expanding Mayakan Natural Gas Pipeline in Mexico’s Southeast appeared first on Natural Gas Intelligence

The Congress was eagerly observed for any indication of change in the country’s macro-economic and energy policies.

ConocoPhillips on Tuesday signed two contracts to buy LNG from QatarEnergy and deliver it to Germany beginning in 2026, marking the first ever long-term supply agreement to move the super-chilled fuel to Europe’s largest gas-consuming nation. Under the agreements, Conoco would purchase 2 million tons (Mt) of liquefied natural gas annually for a term of…

The post ConocoPhillips Cuts Deal to Deliver Long-Term LNG Supplies to Germany appeared first on Natural Gas Intelligence

The Department of the Interior (DOI) unveiled a proposed rule on Monday to curb methane pollution from oil and gas operations on federal and tribal lands, in part by imposing royalties on vented or flared natural gas.  The rule drafted by DOI’s Bureau of Land Management (BLM) would require operators to strengthen methane mitigation efforts…

The post Proposed BLM Rule Would Impose Royalties on Vented, Flared Natural Gas from Federal Leases appeared first on Natural Gas Intelligence

Abu Dhabi National Oil company (ADNOC) has engaged Goldman Sachs to work on consolidation of its gas operations for a planned stock market flotation next year, two sources close to the transaction told Reuters.

Natural gas futures on Monday floundered following forecasts for milder weather and estimates of strong production to start the week, continuing a slump as the December contract traded into expiration. At A Glance: Weather demand fades in outlook Analysts expect second storage pull Rail strike looms After falling in Friday’s session, the December Nymex natural…

The post December Natural Gas Futures Limp into Expiration; Spot Prices Slip appeared first on Natural Gas Intelligence

Project has been upsized but still faces delays in obtaining equipment. [Image credit: Excelerate Energy]

Equitrans Midstream Corp. has flooded a natural gas storage well that had leaked for more than 10 days, releasing over 1 Bcf into the atmosphere, according to preliminary estimates.  Spokesperson Natalie Cox told NGI the leak was discovered on Nov. 6. The company worked through a series of setbacks with Texas-based Cudd Well Control to…

The post Equitrans Plugs Pennsylvania Natural Gas Storage Well After Losing Over 1 Bcf/d in Leak appeared first on Natural Gas Intelligence

Talks carry on, with limited progress.

Competition for labour, enhanced regulatory requirements largely to blame for expected increase. [Image credit: TC Energy]

Click here to listen to the latest episode of NGI’s Hub & Flow. NGI LNG editors Jamison Cocklin and Jacob Dick walk listeners through the latest on the Freeport LNG outage.  They discuss when the terminal on the Upper Texas Coast is likely to restart operations after a June explosion knocked the liquefied natural gas…

The post Freeport LNG on Track for December Restart – Listen Now to NGI’s Hub & Flow appeared first on Natural Gas Intelligence