Day: June 8, 2023

Following four daily gains on the back of lighter production and forecasts for mounting demand, natural gas futures stalled early on Thursday, held in check by a triple-digit storage injection that reminded the market remains long on supplies. Still, traders eventually looked past the government data and toward looming summer cooling demand, lifting the prompt…

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Mexico’s Comisión Federal de Electricidad (CFE) is seeking to stimulate natural gas demand in the country and increase utilization of its vast natural gas pipeline network, a company official said Wednesday.  The state-owned company, in addition to being Mexico’s largest power generator, is also the country’s leading supplier of natural gas, which it imports from…

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The Georgia Natural Gas (GNG) Greener Life program is joining other utilities in offering a program that gives customers the opportunity to offset their carbon emissions. Already, the program has offset 250 million pounds in total.  “Natural gas is an essential part of running the homes and businesses of our half a million GNG customers,…

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Pennsylvania’s largest coal-fired generating station is shuttering operations on July 1 after years of competing with increasing natural gas-fired generation. The 1,888-MW Homer City Generating Station by EME Homer City Generation LP began operating in 1969. A third unit was added in 1977. Over the years, however, natural gas supplied by the Marcellus and Utica…

The post Ohio Natural Gas-Fired Generation Added as Pennsylvania Shutters Another Coal Plant appeared first on Natural Gas Intelligence

With forecasts finally flashing more impressive heat over southern U.S. markets to strengthen the cooling demand outlook, natural gas forwards rallied during the June 1-7 trading period, NGI’s Forward Look data show. July fixed prices at benchmark Henry Hub added 6.1 cents during the period to finish at $2.328/MMBtu. Most Lower 48 hubs finished in…

The post Natural Gas Forwards, Futures Prices Gain on Stronger Cooling Demand Outlook; Western Hubs Elevated appeared first on Natural Gas Intelligence

First unit of Delfin’s FLNG project expected to be sanction by mid-2023. [Image: Delfin Midstream]

Japan’s return to nuclear power generation and efforts to conserve energy have contributed to a significant decline in LNG imports through the first five months of this year.   Japanese imports have fallen for four consecutive months, hitting an all-time low of 4.16 million tons (Mt) in May, according to Kpler. Overall, Asian demand has been…

The post Japan’s LNG Imports Sink as Country Taps Into Alternatives, Conserves More Energy appeared first on Natural Gas Intelligence

Europe’s gas storage is refilling much more slowly than usual as the drop in prices encourages more consumption by industrial users and power generators while diverting liquefied natural gas (LNG) cargoes to Asia.

Europe’s gas storage is refilling much more slowly than usual as the drop in prices encourages more consumption by industrial users and power generators while diverting liquefied natural gas (LNG) cargoes to Asia.

Equinor ASA, Europe’s largest natural gas supplier, warned Thursday that the world is “far from being” on track to meet climate targets set forth in the Paris Agreement, particularly after a stretch of chaos in global energy markets following Russia’s invasion of Ukraine. “The continued war initiated by Russia’s invasion of Ukraine and the challenges…

The post Europe’s Largest Natural Gas Supplier Warns Global Climate Ambitions Increasingly Difficult to Achieve appeared first on Natural Gas Intelligence

Utilities injected a net 104 Bcf natural gas into storage for the week ended June 2, the U.S. Energy Information Administration (EIA) reported Thursday. The result fell shy of consensus expectations, though the weekly data came with a wrinkle that kept Nymex natural gas futures in check. Of note, EIA said reclassifications from working gas…

The post Natural Gas Futures Rally Stalls After Triple-Digit Storage Print appeared first on Natural Gas Intelligence

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. NGI’s Spot Gas National Avg. gained 6.5 cents…

The post With Production Under Pressure, Natural Gas Futures Rally Fourth Consecutive Day appeared first on Natural Gas Intelligence

Natural gas that would otherwise be burned off at U.S. wellsites is set to be captured and turned into profitable LNG in a collaboration between a Golar LNG Ltd. subsidiary and GTUIT LLC. Subsidiary Macaw Energies Ltd. secured a partnership with the Montana-based gas treatment expert to condition and reuse gas that would normally be…

The post Golar, GTUIT to Liquefy Stranded Natural Gas in U.S. Onshore to Curb Flaring appeared first on Natural Gas Intelligence

Black Bear Transmission LLC’s Mississippi arm has sold off another chunk of natural gas gathering assets to Skye MS LLC as it continues to divest from production-focused assets.  The sale included more than 120 miles of gathering pipelines and eight active metered locations in Mississippi. Financial details were not disclosed.  “This transaction represents continued execution…

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As traders weighed a series of potential surplus-padding storage injections against the prospect of tighter balances ahead on hotter temperatures later this month, natural gas futures climbed modestly early Thursday. The July Nymex contract was up 3.3 cents to $2.362/MMBtu at around 8:40 a.m. ET. Estimates ahead of the latest weekly Energy Information Administration (EIA)…

The post Traders Look Beyond Plump Storage Builds to June Heat as Natural Gas Futures Extend Gains appeared first on Natural Gas Intelligence

While there are challenges to the adoption of ammonia as a marine fuel, these are well known and there is strong impetus among industry players to overcome them. Whether all the chips fall into place in time however, remains to be seen. [Gas in Transit…

The natural gas and oil industry is one of the most adaptive and innovative enterprises that has ever existed, which is precisely why its enemies never succeed. Continue reading →

The post Natural Gas (and Oil) Industry Has Come A Very Long Way! appeared first on Natural Gas Now.

The natural gas and oil industry is one of the most adaptive and innovative enterprises that has ever existed, which is precisely why its enemies never succeed. Continue reading →

The post Natural Gas (and Oil) Industry Has Come A Very Long Way! appeared first on Natural Gas Now.

An ongoing heatwave in China is boosting power demand for cooling, but tepid industrial demand and record high coal inventories are keeping prices at two-year lows and limiting spot liquefied natural gas (LNG) imports.

The new vessel will be primarily engaged in overseas coal transportation for KEPCO’s Maizuru power station. [Image: MOL]

This acquisition is set to bring Norway-based Resoptima’s reservoir modeling and predictive analytics capabilities into the Halliburton DecisionSpace 365 suite.

U.S. energy company Williams Cos Inc is on track to complete two natural gas pipeline projects in New Jersey and Louisiana on time by the end of 2024, the company’s CEO Alan Armstrong told Reuters at the Reuters Global Energy Transition conference on Wednesday.

An energy crisis in Europe’s biggest economy is not yet over, the head of Germany’s energy regulator told the Funke media group on Thursday, adding, however, that he expected gas storage tanks to be full by late summer.

The MoU will help facilitate the supply of gas on an “as available” basis to Queensland Pacific Metals Energy’s recently acquired Moranbah gas project plant.

The company’s gas acceleration strategy has been awarded lead agency service by the government of Western Australia.