Day: December 20, 2022

City people who control New York don’t want you upstaters using oil, gas or propane and aim to make you dependent on electricity that can be out for days. Get out! Continue reading →

The post New York Residents: Save Yourselves, Get Out While You Can! appeared first on Natural Gas Now.

Natural gas futures floundered again Tuesday, as traders looked past bitter cold and blizzards this week and fixated on forecasts for unseasonably mild conditions to close out 2022 and to start the new year. Coming off a 74.9-cent plunge in the previous session, the January Nymex gas futures contract shed another 52.5 cents day/day and…

The post Natural Gas Futures, Spot Prices Plunge Amid Expectations for Warmer Weather Ahead appeared first on Natural Gas Intelligence

With its latest sales and purchase agreement (SPA) with Galp Trading SA, NextDecade Corp. is targeting a final investment decision for its Rio Grande LNG terminal early next year. Houston-based NextDecade disclosed Tuesday that it has inked a 20-year, 1 million metric ton/year (mmty) SPA at prices linked to Henry Hub with the unit of…

The post NextDecade Targets Rio Grande FID Early Next Year After Latest SPA appeared first on Natural Gas Intelligence

OPEC last week stuck to its global demand forecasts for full-year 2022 and next year. In its monthly market report, the cartel forecast global oil demand growth this year of 2.5 million b/d and growth in 2023 of 2.2 million b/d. Researchers cited the potential for recently eased pandemic restrictions in China to drive fresh…

The post OPEC Sticks to Oil Growth Forecasts for Next Year, but Urges ‘Caution’ appeared first on Natural Gas Intelligence

Natural Gas Intelligence (NGI), a leading price reporting agency covering the North American natural gas market since 1981, has successfully completed its annual audit for 2021 pertaining to the processes and procedures for compiling NGI’s Daily, Weekly and Monthly (Bidweek) natural gas price indexes. NGI is proud to announce that no exceptions were found. The…

The post NGI Completes Annual Natural Gas Price Index Audit appeared first on Natural Gas Intelligence

Acquisitions include North Sea licences and a position in a potential CCS project.

A fatal explosion on a natural gas pipeline in western Russia, which moves supplies to Europe, did little to move prices on the continent after a unit of Gazprom PJSC said deliveries were being rerouted. Three people were reportedly killed and another was injured during maintenance on a stretch of the Urengoy-Pomary-Uzhhorod pipeline in the…

The post Russian Pipeline Explosion Fails to Move European Market as JKM Jumps Above TTF appeared first on Natural Gas Intelligence

U.S. oil and gas permitting fell for the second month in a row in November, but it continues on track for a year-end high, according to Evercore ISI. The domestic permit count declined by 7% month/month (m/m) last month, down by 245. The pullback came after October slumped by 16% from September.  Still, the permit…

The post Domestic Oil, Natural Gas Permitting Slumps in November, but Trajectory for Record Year appeared first on Natural Gas Intelligence

Natural gas futures flopped a second consecutive trading day as the weather outlook for later this month and early next pointed to milder conditions and easing demand. The January Nymex gas futures contract settled at $5.851/MMBtu on Monday, down 74.9 cents day/day. February fell 59.3 cents to $5.710. At A Glance: Forecasts for soft start…

The post With Warmer Air Coming, January Natural Gas Futures Flop appeared first on Natural Gas Intelligence

Argentina has secured financing for the second leg of the Nestór Kirchner natural gas pipeline system, energy secretary Flavia Royon said last week during a conference in Buenos Aires. She said the state had obtained financing for $689 million from the Brazilian National Development Bank and another $540 million from Latin American development bank Corporacion…

The post Argentina’s Vaca Muerta Natural Gas Pipeline Scores Financing appeared first on Natural Gas Intelligence

A Natalie Winters expose on the subsidization of a Hunter Biden connected enterprise by Joe Biden and the way the outfit operates shows all that’s wrong today. Continue reading →

The post Hunter Biden Green Energy Outfit Shows Us What’s Wrong appeared first on Natural Gas Now.

Project will add onshore compression and electrify liquefaction compression. [Image credit: Equinor]

Second cargo from Trinidad and Tobago expected to arrive on Wednesday.

Renewable sources of energy are collectively on track to eclipse coal as the world’s leading source of electricity, with capacity growth forecast to nearly double in the next five years, the International Energy Agency (IEA) said in a new report. IEA’s Renewables 2022 report forecasts that abundant energy drivers such as wind and solar will…

The post Renewables to Overtake Coal as World’s Top Source of Electricity, with Natural Gas to Endure, Says IEA appeared first on Natural Gas Intelligence

Natural gas hedging by North American producers was subdued during the third quarter while oil activity rose, despite the near-term bullish outlook for oil and the bearish forecast for gas, according to Enverus. Each quarter the energy data consultancy reviews North American exploration and production (E&P) hedging activity to check incremental activity, valuations and implications…

The post U.S. E&Ps Taking Conservative Route, Hedging Less into 2023 appeared first on Natural Gas Intelligence

A blast ripped through a gas pipeline in central Russia, killing three people and disrupting some of the limited amount of Russian gas that is still reaching Europe, local officials said on Tuesday.

Natural gas futures continued to tumble lower in early trading Tuesday as forecasts honed in on post-Christmas temperature moderation, undercutting the price impact of nearer term Arctic chills.  Coming off a 74.9-cent swoon in the previous session, the January Nymex contract was down 45.3 cents to $5.398/MMBtu at around 8:45 a.m. ET. February was off…

The post Forecasts Showing ‘Balmy Outlook’ Post-Christmas as Natural Gas Futures Tumble appeared first on Natural Gas Intelligence

The agreed cap is much more likely to be triggered than the commission’s original proposal, but it still may have little impact on the market.

The Portuguese energy company will buy 1mn metric tons/year of LNG from Rio Grande LNG project in Texas over a period of 20 years.

The floating liquefied natural gas (LNG) terminal chartered by Finland to replace Russian gas is scheduled to arrive at Inkoo port west of Helsinki on Dec. 26, Refinitiv Eikon data showed on Tuesday.

Talon said it has identified L7 and EP 437 as “high-potential” areas for hosting large gas fields.

The contracts have been awarded in Guyana and Egypt.

The tribunal has put in a condition that additional cultural heritage research is done before the project’s second phase.

The company has signed agreements with North West Shelf project participants and Pluto LNG to process up to 3mn metric tons/year of gas from its Equus gas project offshore Western Australia.