Day: January 9, 2023

Natural gas futures found their way forward on Monday, marking only the second advance of 2023 so far. At A Glance: Demand picture may brighten Production remains elevated Market sees weak storage print After losing 17% the week prior amid forecasts for the mildest January weather in nearly two decades, the February Nymex gas futures…

The post Natural Gas Futures, Spot Prices Probe Higher Amid Profit-Taking, Hints of Cold appeared first on Natural Gas Intelligence

Small producers led latest licensing round in Trinidad’s offshore.

The UK has banned Russian LNG imports in a step that took effect Jan. 1.  The UK joins Estonia, Latvia and Lithuania as the only European countries to officially ban Russian liquefied natural gas imports.    “In light of Putin’s illegal invasion of Ukraine and weaponization of energy, the government has taken steps to end all…

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U.S. natural gas prices have had a remarkably soft winter so far, but the whole of 2022 tells a completely different story. In 2022, the wholesale U.S. natural gas spot price at Henry Hub averaged $6.45/MMBtu, the highest level since 2008, according to the Energy Information Administration (EIA) based on data from Refinitiv Eikon. This…

The post Average Henry Hub Natural Gas Spot Price Shoots to 14-Year High in 2022 appeared first on Natural Gas Intelligence

European natural gas prices climbed higher Monday, breaking from the sharp losses of recent weeks as the market weighs increased competition with Asia for LNG and colder weather forecasted for later in the month.  The February Title Transfer Facility (TTF) contract gained 7% Monday to finish above $23/MMBtu. It remains at pre-war levels, but above…

The post TTF Gains Ground as Market Weighs Natural Gas Supply Outlook – LNG Recap appeared first on Natural Gas Intelligence

California Resources Corp. (CRC) kicked off 2023 with an agreement to sequester carbon dioxide (CO2) from Grannus LLC’s blue ammonia and hydrogen project. The Carbon Dioxide Management Agreement (CDMA) by CRC subsidiary Carbon Terravault Holdings LLC (CTV) stipulates that it would provide infield transportation to offtake CO2 produced from the Grannus project. The project is…

The post California Resources Expanding CCS Efforts with Offtake Agreement appeared first on Natural Gas Intelligence

Earlier than expected, the U.S. Forest Service (USFS) has released a draft version of an updated environmental review needed for the Mountain Valley Pipeline’s (MVP) proposed 3.5-mile crossing of the Jefferson National Forest along the Virginia-West Virginia border. Notice of the availability of the draft supplemental environmental impact statement (EIS) was published in the Federal…

The post Timely Release of USFS Draft Review a Potential Boon for MVP appeared first on Natural Gas Intelligence

Work for the Rio Grande LNG terminal and related Rio Bravo Pipeline proposed by NextDecade Corp. in South Texas may proceed after a challenge against the water permits was dismissed. The U.S. Circuit Court of Appeals for the Fifth Circuit last Thursday said a claim brought by a Rio Grande Valley fishermen association and environmental…

The post Water Permit Challenge Against Rio Grande LNG, Pipeline Project Tossed appeared first on Natural Gas Intelligence

The U.S. Environmental Protection Agency (EPA) and Department of the Army have issued a proposed redefinition of the Waters of the United States (WOTUS) under Section 401 of the Clean Water Act (CWA) in a move that has the potential to affect natural gas infrastructure projects.  Before closing off 2022, the EPA and Army in…

The post Proposed Federal Water Rule ‘Complicates Already Burdensome’ Natural Gas, Oil Permitting, Says API appeared first on Natural Gas Intelligence

Natural gas futures climbed in early trading Monday as analysts pointed to profit-taking following recent selling, while forecasts hinted at a return to chillier conditions for the Lower 48 later this month. The February Nymex contract was up 15.0 cents to $3.860/MMBtu at around 8:45 a.m. ET. EBW Analytics Group analyst Eli Rubin characterized the…

The post Natural Gas Futures Climb on ‘Overdue Profit-Taking’ as Forecasts Tease Break from Warmth appeared first on Natural Gas Intelligence

Spain will seek European Union permission to extend its temporary cap on reference prices for natural gas and coal used by power plants until at least the end of 2024, Energy Minister Teresa Ribera said on Monday.

The Bureau of Ocean Energy Management (BOEM) spins like a wind turbine as it pretends not to know giant wind arrays are bad for the ocean and right whales. Continue reading →

The post Giant Wind Arrays Invade the Ocean As BOEM Spins the Story appeared first on Natural Gas Now.

Norway’s oil output is expected to rise by 6.9% this year as the huge Johan Sverdrup field ramps up production while gas volumes are predicted to remain unchanged near record highs, the Norwegian Petroleum Directorate (NPD) said on Monday.

The Ras Laffan complex is due to start up in 2026, comprising a 2.1mn metric ton/year ethane cracker — the largest of its kind in the Middle East and one of the largest worldwide.

Gas supply was knocked out to over 13,000 customers.

The Shale Gas News, heard every Saturday at 10 AM on 94.3 FM, 1510 AM, 1600 AM, 104.1 FM and Sundays on YesFM, talked about Lithium, Pittsburgh Airport, MWCD and much more last week. Continue reading →

The post Shale Gas News – January 7, 2023 appeared first on Natural Gas Now.

The GTI-led Open Hydrogen Initiative is working to bring transparency to what many believe is the future of energy, beyond the rainbow of colours now used to differentiate its pedigree. [Gas in Transition, Volume 2, Issue 12]

Meulaboh and Singkil blocks were offered under the Indonesia Petroleum Bidding Round (IPBR) 2022 first licencing round.

Germany has enough gas to get through the current winter season without the risk of a supply emergency, the head of the country’s network regulator told weekly Bild am Sonntag, adding the focus was now on the 2023/24 period.

The two governments agreed to start the talks at an “early date” following the bilateral summit between President Ferdinand R. Marcos Jr. and Chinese president Xi Jinping on January 4.

These plants had been set up with government funding during the last PML-N government and are owned by the National Power Park Management Company.