Story of the day
Energy Executives See Sub-$3 U.S. Natural Gas Prices Persisting Amid Supply Glut
E&P
EQT Gaining More Natural Gas-Rich Appalachia Acreage as Equinor Exiting Operated Lower 48 Position
EQT Corp., the nation’s largest natural gas producer, is swapping some Pennsylvania holdings in the Marcellus Shale in an exchange with Norway’s Equinor ASA, which is handing off its operations in Ohio and paying $500 million to balance the overall transaction. The agreement with Equinor USA Onshore Properties Inc. and affiliates includes 100% of its…
April 15, 2024
Infrastructure
Golden Pass Pipeline Cleared to Start Partial Service
Federal regulators have authorized partial service to start on a small stretch of the pipeline that would feed natural gas to the Golden Pass LNG export project under construction south of Port Arthur, TX. FERC approved Golden Pass Pipeline LLC’s (GPPL) request to start service on the MP 69 Compressor Station Free Flow Line. The…
April 15, 2024
Permian Basin
DeLa Express Joins Rush to Add Permian Natural Gas Takeaway Capacity
DeLa Express LLC is seeking to construct a 2 Bcf/d interstate pipeline to help ease the glut of natural gas trapped in the Permian Basin. The independent energy infrastructure company, an affiliate of Houston-based Moss Lake Partners LP, in early April asked FERC to begin the prefiling review for a 42-inch diameter, 690-mile pipeline. The…
April 15, 2024
Mexico
West Texas Natural Gas Exports to Mexico Surged in 2023 as U.S. Cemented Role as Top Global Supplier
Natural gas pipeline exports from the United States to Mexico via West Texas rose 20% year/year to average 1.6 Bcf/d in 2023, according to the latest data from the U.S. Energy Information Administration (EIA). Gas flows from West Texas to Mexico “have grown steadily since 2017 as more connecting pipelines in Central and Southwest Mexico…
April 15, 2024
Infrastructure
Equitrans Agrees to $1.1M Fine for Major 2022 Natural Gas Storage Well Leak in Pennsylvania
The Pennsylvania Department of Environmental Protection (DEP) has fined Equitrans Midstream Corp. $1.1 million for a storage well that leaked 1 Bcf of natural gas into the atmosphere for more than 10 days in November 2022. In all, 223 tons of carbon dioxide, 27,040 tons of methane and 106 tons of volatile organic compounds (VOC)…
April 15, 2024
Natural Gas Prices
Risk of Broader Middle East Conflict Keeps Global Natural Gas Market on Edge – LNG Recap
Global natural gas prices were stable Monday despite Iran’s unprecedented attack on Israel as the market assessed whether a broader conflict could break out in the Middle East. The May Title Transfer Facility contract in Europe climbed 1% to finish near $9.70/MMBtu, adding to the strongest gains last week since October amid rising geopolitical tensions.…
April 15, 2024
LNG
Biden Commits to Japanese Energy Security While Holding Firm on LNG Pause
As the United States moves to reassure allies that reliable LNG exports are still a priority, market analysts warn the Department of Energy’s (DOE) pause on new export permits has already opened the door for international competitors. President Biden met with Japanese Prime Minister Kishida Fumio Wednesday where, along with security and economic cooperation, the…
April 11, 2024
Regulatory
Industry Groups Challenge DOE Rules Blocking Natural Gas Appliances
Natural gas industry advocates are taking aim at a trio of U.S. Department of Energy (DOE) rules that petitioners argue would raise prices and eliminate consumer choice. The American Gas Association (AGA), American Public Gas Association (APGA), the National Propane Gas Association, natural gas utility Spire Inc. and furnace manufacturer Thermo Products LLC filed petitions…
April 12, 2024
E&P
APA Curtails Permian Natural Gas Output, Citing Negative Waha Prices
APA Corp. said Wednesday it curtailed about 35 MMcf/d of U.S. natural gas production during the first quarter, mostly during March. The curtailment was “in response to weak or negative Waha hub prices.” Waha is the hub of record for the Permian Basin, which spans West Texas and portions of southeastern New Mexico. Waha prices…
April 11, 2024Recent News
Natural Gas Prices
Natural Gas Futures Prices Seeking Support to Break from ‘Horizontal Channel’
Apr 16, 2024
Natural Gas Prices
Energy Executives See Sub-$3 U.S. Natural Gas Prices Persisting Amid Supply Glut
Apr 16, 2024
Markets
Natural Gas Futures Steady Early as Market Mulls Sagging Production, LNG Numbers
Apr 16, 2024
Infrastructure
Equitrans Agrees to $1.1M Fine for Major 2022 Natural Gas Storage Well Leak in Pennsylvania
Apr 15, 2024
Natural Gas Prices
Risk of Broader Middle East Conflict Keeps Global Natural Gas Market on Edge – LNG Recap
Apr 15, 2024Daily Gas Price Index
As one of only two price reporting agencies that include ICE trade data to determine natural gas price indexes, NGI delivers robust indexes at a competitive price.
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LNG
Pieridae Seeks to Transfer Goldboro LNG Approvals to Irish Buyer
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, 2024Natural Gas Prices
Natural Gas Futures Prices Seeking Support to Break from ‘Horizontal Channel’
April 16, 2024Mexico Gas Price Index
Daily news and natural gas pricing information service focused on price transparency in Mexico.
• Experienced insight into Mexican regulatory requirements, process guidelines and governmental oversight
• Regular interviews with Mexico natural gas subject matter experts
• NGI-calculated cost-plus-transport pricing, as well as official IPGN pricing
Natural Gas Prices
As Temperatures Climb and Heating Demand Fades, May Natural Gas Futures Slump
Lighter shoulder season demand and soft export data overshadowed bullish production estimates and weighed down natural gas futures to kick off trading this week. At A Glance: Weak near-term demand Production remains softer NGI models injection of 55 Bcf The May Nymex gas futures contract on Monday settled at $1.691/MMBtu, down 7.9 cents day/day. Cash…
April 16, 2024Shale Daily
Impactful news and transparent pricing for shale and unconventional plays across the U.S. and Canada.
• Natural gas prices at 20+ North American shale basins and unconventional plays
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Natural Gas Prices
As Temperatures Climb and Heating Demand Fades, May Natural Gas Futures Slump
Lighter shoulder season demand and soft export data overshadowed bullish production estimates and weighed down natural gas futures to kick off trading this week. At A Glance: Weak near-term demand Production remains softer NGI models injection of 55 Bcf The May Nymex gas futures contract on Monday settled at $1.691/MMBtu, down 7.9 cents day/day. Cash…
April 16, 2024