Story of the day
May Natural Gas Prices Retreat on Small Fluctuations in Supply/Demand Data
Energy Transition
ExxonMobil Eyeing $100B Carbon Capture Project in Houston Area
ExxonMobil is looking for local, state and federal support to build a $100 billion project that would capture carbon emissions from the largest U.S. petrochemical complex along the Houston Ship Channel and bury them in the Gulf of Mexico. If the landmark project were to be built, ExxonMobil estimates that by 2030 the initial phase…
April 20, 2021
Energy Transition
Despite Lower Demand, U.S. Natural Gas Market Expected to ‘Net Grow’
Natural gas isn’t going anywhere soon and overall demand for U.S. gas will keep growing on the back of rising exports, according to Mercuria Energy Co.’s Charles Blanchard. Blanchard, head of North American natural gas research, recently published an exhaustive study on the history of natural gas in the United States called, “The Extraction State.”…
April 20, 2021
LNG
Natural Gas Unlikely to Play Leading Role in Cutting Maritime Emissions, World Bank Says
Liquefied natural gas (LNG) is unlikely to play a significant role in decarbonizing maritime transport, according to a World Bank report. Ammonia and hydrogen produced from renewable electricity are more promising options as the sector works to cut its emissions to comply with international standards in the coming decades, the bank said. The International Maritime…
April 20, 2021
Regulatory
DOI’s Haaland Revokes Trump Orders Affecting Natural Gas, Oil Development, Creates Climate Task Force
Department of the Interior (DOI) Secretary Deb Haaland has revoked a series of energy-related secretarial orders (SO) issued under the Trump administration and established a climate task force to coordinate across the department. Haaland did so last Friday by signing two SOs of her own, reflecting a see-saw pattern of executive action that is becoming…
April 20, 2021
Markets
U.S. Natural Gas Exports to Mexico Beating Expectations as Pemex Production Growth Fizzles
Only a few months after President Andrés Manuel López Obrador vowed to end his nation’s dependence on natural gas imports from the United States, Mexico’s need for Lower 48 gas is surging. April is usually a month of lower energy demand in Mexico, when natural gas infrastructure undergoes maintenance and gas imports drop, but this…
April 20, 2021
LNG
European, Asian Natural Gas Prices Rally as Market Continues Tightening — LNG Recap
Natural gas prices in Europe and Asia are moving higher as the market has continued to tighten in a trend that’s setting the stage for a bullish summer for liquefied natural gas (LNG) exports. Both the prompt Title Transfer Facility (TTF) and National Balancing Point contracts jumped above $7/MMBtu last week, while Japan-Korea Marker (JKM)…
April 20, 2021
Infrastructure
North Dakota, Others Defend DAPL, Cite Economic Harm of Potential Shutdown
While opponents of Energy Transfer LP’s Dakota Access Pipeline (DAPL) have been seeking a shutdown of the line after a federal judge vacated a key permit last year, advocates of the controversial oil conduit are warning of major economic damage to stakeholders should operations cease. In a filing submitted Monday to the U.S. District Court…
April 20, 2021
Infrastructure
PG&E to Expand Use of Permanent Microgrids in Northern California
Pacific Gas and Electric Co. (PG&E) on Tuesday introduced a program to help Northern California communities develop permanent, multi-customer microgrids to ensure off-the-grid electricity to critical facilities and vulnerable customer groups. The first installation is set for the Yurok Tribe of Native Americans. The Community Microgrid Enablement Program (CMEP) would provide technical support and capital…
April 20, 2021
International
Enbridge Predicting Oil Capacity Growth for Mainline Conduit to Lower 48
Alberta and Saskatchewan oil producers stand to gain committed customers, reliable tolls and shipping capacity growth from the hotly contested service overhaul proposal for their chief conduit to markets across Canada and the United States, according to Enbridge Inc. The Calgary pipeline conglomerate predicted the benefits in a 94-page response to industry furor ignited by…
April 20, 2021Recent News
Natural Gas Prices
Natural Gas Futures Rise Further on Strong Export Demand, Cooler Weather
Apr 20, 2021
Infrastructure
North Dakota, Others Defend DAPL, Cite Economic Harm of Potential Shutdown
Apr 20, 2021
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.
• Daily physical spot natural gas price indexes at 170+ locations
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Energy Transition
Despite Lower Demand, U.S. Natural Gas Market Expected to ‘Net Grow’
Natural gas isn’t going anywhere soon and overall demand for U.S. gas will keep growing on the back of rising exports, according to Mercuria Energy Co.’s Charles Blanchard. Blanchard, head of North American natural gas research, recently published an exhaustive study on the history of natural gas in the United States called, “The Extraction State.”…
April 20, 2021Markets
Near-Record Export Demand Fuels More Gains for Natural Gas Futures, Cold Snap Boosts Cash
April 19, 2021Mexico 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
Texas Freeze Demonstrates Need for Further Mexico-U.S. Energy Integration, Expert Says
Freezing weather in Texas in February and the subsequent energy supply problems on both sides of the U.S.-Mexico border underline a need for greater energy integration between the two countries, Lorena Patterson, senior energy specialist and strategist, told NGI’s Mexico Gas Price Index. “I would advocate for greater integration between the markets, and more diversification…
April 16, 2021Shale 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
• Quickly understand major factors affecting on of the world’s largest natural gas supplies
• On-the-ground news coverage of crucial market events impacting supply and demand fundamentals
Regulatory
California Drilling Ban Proposal Rejected in State Senate Committee
Another attempt in California to ban the use of hydraulic fracturing (fracking) and other well stimulation technologies has failed to get a key legislative committee’s endorsement, drawing cautious optimism from industry representatives. Senate Bill 467 by state Sen. Scott Wiener was granted reconsideration to possibly be reintroduced. The bill also would have prohibited wells from…
April 19, 2021