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Natural Gas Futures Retreat as Freeport Hiccup, Expected Bearish Storage Print Spook Traders
Infrastructure
Gulf Coast LNG Construction Milestones Mount, Foreshadowing Growing U.S. Natural Gas Demand
The outlook for added feed gas demand in the coming months is beginning to firm, portending a possible tight supply balance next year. Earlier in the week, Cheniere Energy Inc. asked FERC for permission to connect the first train of its Stage 3 expansion at Corpus Christi to power and gave an update of its…
April 24, 2024Earnings
EQT Plans MVP Expansion to Serve Data Center Boom in Southeast
EQT Corp. said it would continue cutting 1 Bcf/d of production as U.S. natural gas prices remain near four-year lows, but management anticipates strong power generation demand in the coming years that has it planning an expansion of the Mountain Valley Pipeline (MVP). After a seven-year battle and a congressional mandate rescued the system from…
April 24, 2024International
EU Energy Watchdog Says LNG Demand Could Peak This Year
The European Union’s (EU) LNG demand is likely to peak this year and buyers on the continent are likely to be over-contracted by 2030 as efforts to displace Russian natural gas over the last two years have been successful, according to the bloc’s energy watchdog. Since 2022, when Russia invaded Ukraine and cut off gas…
April 24, 2024Natural Gas Prices
Scorching Summer Forecast Sets Stage for Strong Natural Gas Demand, Price Recovery
From Texas to both corners of the North, the National Weather Service (NWS) now expects above-average summer heat across the vast majority of the country this summer – a welcome development for natural gas bulls. If the outlook proved accurate, it would drive sustained elevated gas demand for the first time in 2024, helping to…
April 24, 2024Recent News
Infrastructure
Gulf Coast LNG Construction Milestones Mount, Foreshadowing Growing U.S. Natural Gas Demand
Apr 24, 2024
Natural Gas Prices
