Day: June 7, 2023

Natural gas futures rallied for a fourth straight session on Wednesday, supported by waning production and forecasts for intensifying heat in the second half of this month. The July Nymex gas futures contract gained 6.7 cents day/day and closed at $2.329/MMBtu. August rose 5.2 cents to $2.433. At A Glance: Market sees triple-digit injection Projects…

The post Natural Gas Futures Forge Ahead Amid Production Hits, Forecasts for Heat; Spot Prices Rise appeared first on Natural Gas Intelligence

TotalEnergies SE is teaming up with Belgian start-up Tree Energy Solutions (TES) to build a synthetic natural gas plant that tentatively could be sited in Texas. Fueled by carbon dioxide (CO2) and renewable hydrogen, the project as envisioned would produce 100,000-200,000 metric tons/year of electric natural gas, aka e-NG.  “This synthetic fuel will contribute to…

The post TotalEnergies, TES Strike Deal to Advance U.S. Synthetic Natural Gas Project appeared first on Natural Gas Intelligence

Enbridge Inc.’s natural gas subsidiary is testing support through mid-July to boost firm transportation service capacity for up to 96,000 GJ/d (91,200 MMBtu/d) at the Dawn Hub in Eastern Canada. If there is enough demand, the Enbridge Gas Inc. expansion could launch by Nov. 1, 2027. Service could begin sooner, depending on support, Enbridge noted. …

The post Enbridge Gauging Support to Boost Dawn’s Daily Capacity by 91,200 MMBtu in Late 2027 appeared first on Natural Gas Intelligence

Mexico must develop its own natural gas reserves in order to avoid overreliance on U.S. imports and secure its future as an LNG exporter, according to Jaguar Exploración y Producción CEO Warren Levy. Jaguar is the largest onshore acreage holder in Mexico other than state oil company Petróleos Mexicanos (Pemex), and “one of the few…

The post Natural Gas ‘Massively Underexplored’ in Southern Mexico, says Jaguar CEO appeared first on Natural Gas Intelligence

Major U.S. LNG exporters and project developers on the Gulf Coast are exploring how to tackle the costly problem of rising nitrogen and heavy hydrocarbon levels from Permian Basin feed gas. During a panel discussion at the LNG Export Engineering and Construction Conference in Houston last week, management from Freeport LNG Development LP, Sempra Infrastructure,…

The post Gulf Coast LNG Exporters Say Nitrogen from Permian Feed Gas Challenges Industry appeared first on Natural Gas Intelligence

The estimated restart of Equinor ASA’s Hammerfest LNG plant has moved again, this time to next Wednesday (June 14), according to Norway’s gas network operator Gassco AS.

The post Hammerfest LNG Pushes Restart By a Week – The Offtake appeared first on Natural Gas Intelligence

Repsol SA continues to push U.S. regulators for access to confidential documents filed by Venture Global LNG Inc. detailing the prolonged commissioning process at the Calcasieu Pass export terminal that has delayed commercial operations and the delivery of cargoes under long-term contracts. In April, Madrid-based Repsol filed a motion to participate in FERC’s ongoing oversight…

The post Repsol Pushes FERC for More Transparency on Prolonged Commissioning at Calcasieu Pass LNG appeared first on Natural Gas Intelligence

New ownership structure for four-train Atlantic LNG critical to restart. [Image: Atlantic LNG]

RGGI has predictably descended into a morass of politically correct, woke policy making that can only undermine a mission already compromised by energy reality. Continue reading →

The post RGGI Headed Nowhere: Diverges Into Environmental Justice appeared first on Natural Gas Now.

RGGI has predictably descended into a morass of politically correct, woke policy making that can only undermine a mission already compromised by energy reality. Continue reading →

The post RGGI Headed Nowhere: Diverges Into Environmental Justice appeared first on Natural Gas Now.

Germany’s network regulator wants to provide operators of power and gas grids higher returns on equity for their outlays, its president said on Wednesday, responding to higher inflation that utilities say threatens investments in these assets.

After back-to-back gains fueled by bullish weather forecasts, natural gas futures extended the rally to three sessions on Tuesday. The July Nymex gas futures contract settled at $2.262/MMBtu, up 1.7 cents day/day. August rose 1.5 cents to $2.381. NGI’s Spot Gas National Avg. gained 4.0 cents to $1.940. National Weather Service (NWS) data on Tuesday…

The post Natural Gas Futures, Spot Prices Push Ahead as Demand Shift Looms appeared first on Natural Gas Intelligence

Gazprom remained comfortably on top despite a dramatic fall in its output, while only Rosneft, PetroChina and BP managed to grow their gas production substantially. [Gas in Transition, Volume 3, Issue 4]

Bangladesh is facing its worst electricity crisis since 2013, a Reuters analysis of government data shows, due to erratic weather and difficulty paying for fuel imports amid declining forex reserves and value of its currency.

A target of 1Q2024 has been set for starting overseas crude oil exports on the nearly completed Trans Mountain Pipeline expansion (TMX). By almost tripling capacity to 890,000 b/d on the 704-mile route across Alberta and British Columbia, the project would foster increased natural gas consumption as the fuel for growing bitumen production in the…

The post Trans Mountain Expansion to Advance Crude Exports, Bolster Natural Gas Demand in Alberta Oilsands appeared first on Natural Gas Intelligence

As Commonwealth LNG LLC awaits its last regulatory approval from the U.S. Department of Energy (DOE), management said it has also entered the final stages of commercializing the more than 9 million metric tons/year (mmty) project ahead of a final investment decision (FID) later this year. Executive Chairman Paul Varello told NGI the company is…

The post Commonwealth LNG In Final Stretch of Commercialization, Anticipates FID This Year appeared first on Natural Gas Intelligence

As traders continued to eye a strengthening cooling demand outlook heading into the second half of June, natural gas futures extended their recent gains in early trading Wednesday. Building on positive finishes in the previous three sessions, the July Nymex contract was up another 6.0 cents to $2.322/MMBtu at around 8:45 a.m. ET. The market…

The post Natural Gas Futures Extend Gains Early as Traders Eye June Heat appeared first on Natural Gas Intelligence

In May, the country imported 10.64mn mt of gas.

Yes, Europe is getting cold feet with respect to its rush to net zero on behalf of the world’s corporatists and other elites. It seems the people don’t like it! Continue reading →

The post Europe Getting Cold Feet on Global Warming As Biden Jumps In appeared first on Natural Gas Now.

Yes, Europe is getting cold feet with respect to its rush to net zero on behalf of the world’s corporatists and other elites. It seems the people don’t like it! Continue reading →

The post Europe Getting Cold Feet on Global Warming As Biden Jumps In appeared first on Natural Gas Now.

Malaysia’s state oil firm Petronas, or Petroliam Nasional Berhad, on Wednesday logged a first-quarter profit and said it anticipates moderating oil and gas prices to squeeze its profitability this year.

The prospects for LNG development in Tanzania have never looked better. A new approach on the part of President Samia Suluhu Hassan and strong demand for LNG globally has put Tanzania LNG on-track for a final investment decision in 2025. [Gas in Transi…

Lower prices are boosting industrial gas demand, and this could lead policymakers to revise their assumption that consumption will continue going down forever.

High storage levels and a relative lack of demand during the summer injection season continue to keep Asia Spot price around $9.26 per MMBtu and TTF price around $8.43 per MMBtu due to weak fundamentals.

Britain’s largest North Sea oil and gas producer, Harbour Energy, is in talks to merge with Gulf of Mexico peer Talos Energy, four people familiar with the matter said on Tuesday.

A small group of Republicans in the House of Representatives on Tuesday stopped their leaders’ drive to protect gas-fueled stoves from regulation, raising questions about the party’s ability to advance other legislation this year.

Croatia became the world’s 40th importer of LNG in 2021. [Image: LNG Croatia]

Kazakhstan is pressing ahead with $16.5 billion in claims against international oil majors over disputed project costs and has no plans for a possible out-of-court settlement, Energy Minister Almasadam Satkaliyev said on Tuesday.

Month-on-month, exports rose by 1.6%.

The block is located in the Gulf of Guayaquil, covering the Tumbes-Progreso and Talara basins.

The proposed financing includes a combination of equity fundraise, debt facilities, and support from Tyrus Capital, Jadestone’s largest shareholder.