Story of the day
March Natural Gas Futures Flop in Prompt Month Opening; Cash Prices Climb
LNG
Natural Gas Demand and LNG Exports Growing, but Longer Term Outlook ‘Uncertain,’ Says BP
Global oil demand is falling, but natural gas prospects, including for LNG, will depend on the speed of the energy transition, with rising consumption in emerging economies expected to be offset by the developed world’s lower carbon resources, according to BP plc. The BP Energy Outlook 2023, the annual report by the supermajor, focuses on…
January 30, 2023
Natural Gas Prices
‘Buying Gas in Mexico is Easier Now,’ Says Gascorp Trader and Industry Expert
“Buying gas in Mexico is easier now in the sense that you have more options to buy the molecule given that you have almost all the big vendors selling wholesale,” Santiago Villarreal Bravo, General Manager at GasCorp, told NGI’s Mexico GPI. “There’s BP, there’s Shell, there’s Trafigura, for example, that are bringing a lot of…
January 27, 2023
Permian Basin
Texas Broke Natural Gas Production Record in 2022, with Further Growth Expected
Texas produced 11.2 Tcf of natural gas last year, a new record, according to the Texas Independent Producers and Royalty Owners Association (TIPRO). Natural gas production in Texas dwarfed other states. Pennsylvania at 7.6 Tcf was the second highest producer in 2022, followed by Alaska (3.6 Tcf), Louisiana (3.6 Tcf) and Oklahoma (2.7 Tcf). In…
January 30, 2023
LNG
Abaxx Tests Future of Physical Contracts in Quest for LNG Benchmark
As global natural gas market volatility continues to raise questions about the effectiveness of established futures benchmarks, Abaxx Technologies Inc. is pursuing a solution through physically-settled LNG contracts. Through a unit based in Singapore, Abaxx is preparing to launch physically-settled contracts for the three major liquefied natural gas markets: Northwest Europe, North Asia Pacific and…
January 30, 2023
E&P
EnCap, Double Eagle Tout $2.3B in Commitments to Accelerate Permian Drilling Program
A private equity (PE)-backed oil and gas partnership formed last year has secured about $600 million in additional capital commitments to acquire and develop drilling opportunities in the Permian Basin. EnCap Investments LP, Double Eagle Energy Holdings IV and Tumbleweed Royalty IV LLC on Sunday announced a “successful equity commitment upsize” to $2.3 billion, and…
January 30, 2023
E&P
EnCap, Double Eagle Tout $2.3B in Commitments to Accelerate Permian Drilling Program
A private equity (PE)-backed oil and gas partnership formed last year has secured about $600 million in additional capital commitments to acquire and develop drilling opportunities in the Permian Basin. EnCap Investments LP, Double Eagle Energy Holdings IV and Tumbleweed Royalty IV LLC on Sunday announced a “successful equity commitment upsize” to $2.3 billion, and…
January 30, 2023
M&A
‘The Rich Get Richer’ as Large Caps Dominate Diminished M&A Market in U.S. Oil and Gas
Mergers and acquisitions (M&A) within the U.S. upstream fell to their lowest annual volume in nearly two decades last year, according to new research by Enverus Intelligence Research (EIR). Exploration and production (E&P) firms recorded 160 transactions valued at $58 billion total, the Enverus subsidiary found. This is the lowest number of deals since 2005.…
January 30, 2023
LNG
U.S. Natural Gas Prices Hit Lowest Point Since 2021 – LNG Recap
U.S. natural gas prices continued to slide Monday after hitting their lowest point since 2021 last week, following other global benchmarks lower during a warm winter. Henry Hub fell below $3/MMBtu last week for the first time since May 2021. The March contract closed at $2.677 on Monday. Warm weather, a strong rebound in U.S.…
January 30, 2023
International
Algeria Makes Ambitious Plans to Nearly Double LNG, Pipeline Exports
Algeria, Europe’s third largest natural gas supplier, is planning to boost LNG and pipeline exports to the continent this year as it continues to wean off Russian supplies. Nearly 85% of the country’s gas exports are already designated for Europe, making Algerian President Abdelmadjid Tebboune’s pledge to nearly double them to 100 billion cubic meters…
January 27, 2023Recent News
Markets
CFE Planning Natural Gas Capacity Auction in U.S. and Mexico, says Top Official
Jan 30, 2023
Permian Basin
Texas Broke Natural Gas Production Record in 2022, with Further Growth Expected
Jan 30, 2023
Natural Gas Prices
‘Buying Gas in Mexico is Easier Now,’ Says Gascorp Trader and Industry Expert
Jan 27, 2023Daily 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
• News and analysis of key market events
• Daily breakdown of physical market natural gas price activity
Markets
March Natural Gas Futures Flop in Prompt Month Opening; Cash Prices Climb
Traders looked past the arrival of below-average temperatures this week and focused on strong production and expectations for mild mid-February weather, sending Natural gas futures lower on Monday. At A Glance: Weather front delivers cold shots February forecast tilts warmer Production continues to hold strong The March Nymex gas futures contract, in its first regular…
January 30, 2023Permian Basin
Texas Broke Natural Gas Production Record in 2022, with Further Growth Expected
January 30, 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
Markets
CFE Planning Natural Gas Capacity Auction in U.S. and Mexico, says Top Official
Mexico’s Comisión Federal de Electricidad (CFE) is preparing to hold auctions in the United States and Mexico to sell natural gas capacity to third parties. The state-owned company seeks to develop a secondary market to improve its overall profit margins, Miguel Reyes, CEO of CFE International, said during the 8th Mexico Infrastructure Projects Forum in…
January 30, 2023Natural Gas Prices
‘Buying Gas in Mexico is Easier Now,’ Says Gascorp Trader and Industry Expert
January 27, 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
• 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
E&P
EnCap, Double Eagle Tout $2.3B in Commitments to Accelerate Permian Drilling Program
A private equity (PE)-backed oil and gas partnership formed last year has secured about $600 million in additional capital commitments to acquire and develop drilling opportunities in the Permian Basin. EnCap Investments LP, Double Eagle Energy Holdings IV and Tumbleweed Royalty IV LLC on Sunday announced a “successful equity commitment upsize” to $2.3 billion, and…
January 30, 2023Permian Basin