Day: March 14, 2023

Natural gas futures fell Tuesday despite mounting weather-driven demand and sliding production. Broader market concerns about inflation and panic in the financial sector helped slow momentum. The April Nymex natural gas futures contract shed 3.3 cents day/day and settled at $2.573/MMBtu. May futures fell 3.6 cents to $2.690. The prompt month had rallied 17.6 cents…

The post Natural Gas Futures Weaken Despite Late-Season Heating Demand; Spot Prices Mixed appeared first on Natural Gas Intelligence

Discussions underway with major Montney producer for liquefaction services agreement, updates with federal approval. [Image credit: Cedar LNG]

A trio of U.S. trade organizations led by the American Petroleum Institute (API) is again calling on the Biden administration to engage forcefully with Mexico over the latter’s energy policies, which the groups say give preferential treatment to Mexico’s state-owned producers of hydrocarbons and electricity. In a letter to U.S. Trade Representative Katherine Tai, API…

The post API, Allies Urge Biden Government to ‘Hold Mexico Accountable’ for Nationalist Energy Policies appeared first on Natural Gas Intelligence

Williams has found an enthusiastic cheerleader to help guide natural gas opportunities into the future with Chad Zamarin. The recently promoted executive vice president oversees Corporate Strategic Development for the natural gas pipeline behemoth. Zamarin sat down with NGI at CERAWeek by S&P Global to discuss what’s ahead at Williams. He also chairs the Interstate…

The post Natural Gas Opportunities Abound for Williams, from Wellhead-to-Water, Says Top Exec appeared first on Natural Gas Intelligence

The Biden administration is funding $2.52 billion to accelerate investments in carbon capture storage (CCS) and carbon transport technologies.  The Bipartisan Infrastructure Investment and Jobs Act of 2021 funded two programs: the Carbon Capture Large-Scale Pilots and Carbon Capture Demonstration Projects. The goal of these programs is to decrease carbon dioxide (CO2) emissions from electricity…

The post Biden Administration Ready to Accelerate Carbon Capture Technologies with $2B-Plus in Funding appeared first on Natural Gas Intelligence

Natural gas futures found fresh footing Monday, posting double-digit gains as forecasts pointed to seasonally strong heating demand that more than offset losses late last week. The April Nymex gas futures contract settled at $2.606/MMBtu, up 17.6 cents day/day. It had shed 11.3 cents on Friday. May climbed 16.7 cents on Monday to $2.726. At…

The post Natural Gas Futures Rally On Looming Cold Weather; Cash Prices Cruise appeared first on Natural Gas Intelligence

Heavy flooding, upstream gas supply issues and pipeline vandalism left the six-train Nigeria LNG (NLNG) facility on Bonny Island producing far below capacity last year, and the trend has largely continued in 2023. Liquefied natural gas exports have been “protractedly declining” since the 22 million metric tons/year NLNG declared a force majeure in October 2022…

The post Nigeria’s LNG Output Still Weak Despite Europe’s Thirst for Spot Supplies appeared first on Natural Gas Intelligence

The forecast cost of the Trans Mountain Pipeline expansion (TMX) has climbed to C$30.9 billion ($23.2 billion) and could jump again by construction completion, according to a project update by the Canadian government-owned company. “As with all projects of this size, risks to the final costs and schedule will remain as work is completed through…

The post Trans Mountain Expansion Costs Skyrocket, but Deliveries On Track for 2024 appeared first on Natural Gas Intelligence

Many have written off Canada’s LNG aspirations beyond the LNG Canada facility now under construction and a couple of smaller floating terminals. That may not be the case. [Gas in Transition, Volume 3, Issue 2]

Absent a surge in natural gas pipelines and related infrastructure, companies may struggle to get ample supplies to utilities, leaving consumers grappling with either lofty prices or the difficult decision to substantially scale back their energy consumption. Such was the warning from executives and regulators alike during CERAWeek by S&P Global. But they also emphasized…

The post Without More Natural Gas Pipelines, Return to High Prices Could Incent Consumers To Ration Energy Use appeared first on Natural Gas Intelligence

Natural gas production from seven key Lower 48 regions will continue rising in April, driven by incremental output gains from a variety of regions, led by the gassy Haynesville Shale, according to updated modeling from the Energy Information Administration (EIA). EIA said in its latest Drilling Productivity Report (DPR), published Monday, that total natural gas…

The post Lower 48 Plays Seen Adding More Than 400 MMcf/d in Natural Gas Output from March to April appeared first on Natural Gas Intelligence

Natural gas futures held onto their recent gains in early trading Tuesday as forecasts continued to hone in on a comparatively chilly finish to the heating season. As of around 8:50 a.m. ET, the April Nymex contract was up 1.9 cents to $2.625/MMBtu. The front month rallied 17.6 cents in Monday’s session, lifted by forecasts…

The post Colder March Temps Supportive as April Natural Gas Maintains Gains Early appeared first on Natural Gas Intelligence

A flood of liquefied natural gas (LNG) export projects due online worldwide in mid-decade will vie against lower-cost renewable energy and a revived nuclear power sector, which could rock gas prices and hurt some proposed projects, analysts say.

Norwegian state energy firm Petoro reported on Tuesday more than a doubling of its annual earnings thanks to soaring gas prices and said it expected the world to need petroleum supplies “for a long time to come”.

Joe Manchin is no “conservative Democrat” as there is no such species and he proved it when he signed onto the dirty, rotten, stinking Inflation Reduction Act. Continue reading →

The post Joe Manchin Faking It to Recover from A Disastrous Sellout appeared first on Natural Gas Now.

Moscow has not been informed about the progress of an investigation into last year’s Nord Stream pipeline blasts and has handed in a report to prove this to the United Nations, a senior diplomat said on Tuesday. [image credit: Danish Defence Command]

The discovery could be tied to existing infrastructure connected to the Troll B platform.

Dutch lender ING on Tuesday said it had again toughened its lending policy to the oil and gas sector, restricting finance to clients engaged in commodity or trade finance and “midstream” infrastructure.

The European Commission is set to propose a revamp of Europe’s electricity market rules on Tuesday, aimed at expanding the use of fixed-price power contracts to shield consumers from severe price spikes like those experienced last year.

U.S. shale crude oil production in the seven biggest shale basins is expected to rise in April to its highest since December 2019, the Energy Information Administration said on Monday.

Sydney-listed Strike Energy sanctioned the Walyering gas field for development in August last year.