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Story of the day
Utilities injected 50 Bcf of natural gas into storage for the week ended April 12, the U.S. Energy Information Administration (EIA) reported on Thursday. The result, near market expectations and avoiding the previous week's bearish print, sent futures higher. Ahead of the 10:30 a.m. ET government report, May Nymex futures were trading 4.9 cents higher…
Natural Gas Prices
Natural gas production held near all-time highs through the first quarter in Canada, even as prices slumped following a mild winter that left supplies in storage at robust levels. That's because producers are looking beyond near-term weakness and toward an anticipated jump in export demand, according to analysts. LNG Canada is slated to begin operations…
April 17, 2024
LNG
U.S. natural gas trade groups this week unveiled a study to demonstrate that American LNG is mostly better for the environment than competing fossil fuels in overseas markets as they continue to push back against the Biden administration's pause on export project authorizations. "American natural gas is not only critical to our economy, but it…
April 17, 2024
LNG
Flows of natural gas to Freeport LNG have remained at a trickle for a week, fueling market concern that possibly all three trains at the facility could be offline after a reported issue with Train 3 last week. Nominations for natural gas to the liquefied natural gas facility had been reduced to about one-fourth of…
April 17, 2024
E&P
Activist investor Kimmeridge Energy Management Co. LLC has withdrawn its proposal to merge its natural gas-focused subsidiary with Eagle Ford Shale producer SilverBow Resources Inc. The New York-based investment firm, which holds a 12.9% stake in SilverBow, in March proposed a tie-up between Kimmeridge Texas Gas LLC (KTG) and the Eagle Ford producer along with…
April 17, 2024
Mexico
North American natural gas prices got short-lived support through a Canadian maintenance event on Tuesday but overall continued to languish at well below $2.000/MMbtu. On Wednesday, the May New York Mercantile Exchange natural gas contract slipped 2.0 cents day/day to settle at $1.712. NGI's U.S. Spot Gas National Avg. rose 12.5 cents to $1.165. TC…
April 17, 2024
Natural Gas Prices
Oil and natural gas executives in the Midcontinent and Rocky Mountain regions don't expect Henry Hub natural gas prices to surpass $3/MMBtu for another two years, according to the first quarter 2024 energy survey published by the Federal Reserve Bank of Kansas City. The survey gauges current and expected oil and gas activity levels in…
April 16, 2024
E&P
Natural gas production from seven key Lower 48 regions tracked by the U.S. Energy Information Administration (EIA) will slide from April to May, driven by declines in the Haynesville Shale and the Appalachian Basin. EIA's latest Drilling Productivity Report (DPR), published Monday, modeled a combined 99.9 Bcf/d of natural gas output in May from seven…
April 16, 2024
LNG
Pieridae Energy Ltd. could be looking to sell its abandoned Goldboro LNG project in Nova Scotia to an Irish energy firm, according to a recently published regulatory filing. Calgary-based Pieridae asked Nova Scotia's utility and review board for permission to transfer its approvals for the potentially 1.3 Bcf/d export project to Simply Blue Group, a…
April 16, 2024
Mexico
Mexico's presidential frontrunner Claudia Sheinbaum of the ruling Morena party would continue the nation's buildout of natural gas-fired power if she were to win the June 2 election. Speaking to business leaders in Mexico City on Monday evening, Sheinbaum highlighted that 3.250 GW of new generation, 91% of which was natural-gas fired combined cycle, were…
April 16, 2024
May Natural Gas Futures Jump After Storage Print Lands Near Expectations
Canadian Natural Gas Production Holds Strong, on Track for Record Year Despite Price Weakness
Industry Rails Against Biden LNG Pause With Research on Environmental Advantages
Freeport LNG's Extended Drop in Feed Gas Adds Pressure to U.S. Natural Gas Demand
Kimmeridge Looks to Add to SilverBow's Board After Pulling Merger Offer
Eyes on West Texas Natural Gas as Negative Prices Persist - Mexico Spotlight
Energy Executives See Sub-$3 U.S. Natural Gas Prices Persisting Amid Supply Glut
Production from Natural Gas Plays to Continue Declining This Spring, EIA Says
Pieridae Seeks to Transfer Goldboro LNG Approvals to Irish Buyer
Natural Gas Would Still Form Base of Mexico Power System Under Sheinbaum Presidency