Story of the day
Natural Gas Futures Struggle Amid Looming Expiry, Shifting Weather; Spot Prices Climb
LNG
Asian Contracting Trends, Volume Growth Said Setting Stage for Bifurcated LNG Prices
As an influx of additional LNG volumes are set to hit markets later this decade, the next wave of long-term contracts – mostly by Asian buyers – could push global prices toward an “unprecedented moment,” according to Columbia University’s Center on Global Energy Policy (CGEP). CGEP researcher Ira Joseph said in a recent note that…
March 27, 2023
M&A
Energy Transfer Expanding Permian Oil Takeaway with Lotus Midstream Deal
Energy Transfer LP is adding 3,000 miles of crude gathering and transportation traversing the Permian Basin to Oklahoma in a $1.45 billion deal for Lotus Midstream Operations LLC. The transaction with an affiliate of EnCap Flatrock Midstream (EFM), set to be completed by mid-year, would include a $900 million cash payment and 44.5 million new…
March 27, 2023
LNG
ConocoPhillips Could Takeover APLNG Upstream Operations if Brookfield, EIG Acquire Origin Energy
A consortium of investment groups is planning to acquire Origin Energy Ltd., Australia’s largest integrated utility, in a deal that could make ConocoPhillips upstream operator of the natural gas fields that feed the Australia Pacific LNG (APLNG) facility. Brookfield Renewable Partners LP and U.S.-based institutional energy investor EIG reached an agreement with Origin’s board to…
March 27, 2023
M&A
U.S. RNG Takes Off with Virginia Natural Gas Pilot, GreenGas Acquisition
Virginia Natural Gas Inc. (VNG) is prepared to test the flow of renewable natural gas (RNG) in its distribution system after the Virginia State Corporation Commission (VSCC) granted its first-ever tariff that allows for such a pilot program. The local distribution company (LDC) is on its way to further integrating RNG into its system as…
March 27, 2023
NGI All News Access
Indonesia Energy Sees Natural Gas Potential in ‘World Class’ Sumatra Block
Jakarta-based exploration and production company Indonesia Energy Corp. Ltd. (IEC) sees potential gas production starting next year from its Kruh-28 well on the island of Sumatra. “We believe that the Kruh Block is a world class asset and, in order to maximize future production capability, we have commenced on our program of conducting seismic operations…
March 27, 2023
Oil
Aramco to Expand Oil Deliveries to China for Refinery and Petrochemical Growth
Saudi Arabian Oil Co. is taking a 10% stake in a Chinese petrochemical company to expand its crude oil presence in the country. Aramco, as it is known, said it would pay around $3.6 billion to buy the interest in Rongsheng Petrochemical Co. Ltd. Aramco Overseas Co. (AOC) would manage the stake. Under a long-term…
March 27, 2023
LNG
Strikes in France Push European Natural Gas Prices Higher, but Demand Seen Weakening – LNG Recap
Colder weather and the possibility of continued labor strikes at French import terminals helped lift European natural gas prices on Monday. The May Title Transfer Facility (TTF) gained about 5% last week after forecasts shifted colder for the remainder of the month and into early April. The contract gained another 3% Monday to finish just…
March 27, 2023
Markets
What Did Our Editors Learn at CERAWeek 2023? – Listen Now to NGI’s Hub & Flow
Click here to listen to the latest episode of NGI’s Hub & Flow. NGI Managing Editor Carolyn Davis has a roundtable chat with editors Jacob Dick, Kevin Dobbs and Morgan Evans about what they learned at this year’s CERAWeek by S&P Global conference in Houston. The latest on natural gas prices, potential breakthroughs on U.S.…
March 24, 2023
Regulatory
Investor Confidence in Mexico’s CRE Vital for Industry Growth, Says Regulatory Expert
Mexico’s energy regulator Comision Reguladora de Energia (CRE) needs to do a better job in providing a level playing field and improving sector oversight, Enix SC founder Alvaro Efraín Téllez Rangel, who runs the consultancy firm in Mexico City, told NGI’s Mexico’s GPI. Mexico’s CRE must “demonstrate certainty” and make decisions based on “the current…
March 24, 2023Recent News
NGI All News Access
Indonesia Energy Sees Natural Gas Potential in ‘World Class’ Sumatra Block
Mar 27, 2023
Daily 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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Markets
Natural Gas Futures Struggle Amid Looming Expiry, Shifting Weather; Spot Prices Climb
Natural gas futures kicked off the new week on a low note, slumping alongside warmer trends in weather forecasts, lighter LNG demand and continued robust production levels. At A Glance: Front month sheds 12.8 cents Weather outlook adds warmth Production holds at 100 Bcf/d The April Nymex gas futures contract settled at $2.088/MMBtu, down 12.8…
March 27, 2023Mexico 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
Regulatory
Mexico’s Cenagas Launches First Natural Gas Pipeline Open Season Under AMLO
Mexico’s Centro Nacional de Control del Gas Natural (Cenagas) has launched its first open season for firm natural gas transport capacity since President Andrés Manuel López Obrador took office in 2018. Cenagas, the independent operator of Mexico’s Sistrangas national pipeline network, is offering shippers 22.1 MMcf/d of uninterruptible capacity on the existing Valtierrilla-Cárdenas natural gas…
March 27, 2023Regulatory
Investor Confidence in Mexico’s CRE Vital for Industry Growth, Says Regulatory Expert
March 24, 2023Shale 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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NGI All News Access
Indonesia Energy Sees Natural Gas Potential in ‘World Class’ Sumatra Block
Jakarta-based exploration and production company Indonesia Energy Corp. Ltd. (IEC) sees potential gas production starting next year from its Kruh-28 well on the island of Sumatra. “We believe that the Kruh Block is a world class asset and, in order to maximize future production capability, we have commenced on our program of conducting seismic operations…
March 27, 2023