Daily GPI
PJM Says Ready for Winter Energy Demand on Strengthened ‘Preparations and Processes’
PJM Interconnection LLC, which serves 65 million across the Mid-Atlantic, said it is armed to combat winter, with adequate fuel and energy supplies to meet a forecast peak demand of about 137 GW. The regional transmission operator serves customers in Delaware, Illinois, Indiana, Kentucky, Maryland, Michigan, New Jersey, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, West…
December 5, 2022
Infrastructure
CFE to Tender Coatzacoalcos LNG Plant, CFE International Director Reyes Says
CFE International, the commercial arm of the Mexico’s Comisión Federal de Electricidad (CFE), is planning to hold an auction to tender the future construction of an LNG plant in the Mexican gulf port of Coatzacoalcos, CFE International CEO Miguel Reyes told NGI’s Mexico GPI in an exclusive interview at the U.S.-Mexico Natural Gas Forum in…
December 2, 2022
LNG
Trafigura Lands $3B Loan to Supply Germany with Natural Gas, LNG
Global commodities trader Trafigura Group Pte. Ltd. has secured a $3 billion loan backed by the German government to help secure more natural gas for the country. Trafigura would supply the gas to Germany’s Securing Energy for Europe (Sefe), a former Gazprom PJSC unit that the country nationalized and recapitalized earlier this year. The first…
December 5, 2022
M&A
Summit Midstream Triples DJ Natural Gas Processing with Outrigger Purchase
Outrigger Energy II LLC has completed the sale of its midstream system in Weld County, CO, to Summit Midstream Partners LP. Summit Midstream previously said the deal was worth about $305 million total in cash. Outrigger’s Denver-Julesburg (DJ) Basin system includes a 60 MMcf/d cryogenic natural gas processing plant with product deliveries to the Cheyenne…
December 5, 2022
International
How Is Post-Brexit Europe Building Natural Gas Alliances for Energy Security? Listen Now to NGI’s Hub & Flow
Click here to listen to the latest episode of NGI’s Hub & Flow, which delves into how Europe is working to fill the gap in natural gas supply ahead of winter. NGI’s Associate Editor Jacob Dick and Senior Energy Analyst Shaylon Stolk discuss how the post-Brexit European Union is building international alliances to meet its…
December 5, 2022
Infrastructure
Enbridge, Chippewa Tribe Ordered to Cooperate on Spill Risk Plan for Line 5 Conduit
After rejecting a call in September to shut off Enbridge Inc.’s cross-border Line 5, a federal court in Wisconsin has directed the pipeline company and the Lake Superior Chippewa’s Bad River Band to work together on a spill risk reduction plan for the 540,000 b/d oil conduit. U.S. District Court Judge William Conley of the…
December 5, 2022
Shale Daily
Domestic OFS Employment Nears Pre-Pandemic Levels, with Gains in November
U.S. oilfield employment rose in November month/month, with gains in all six tracked categories, according to the trade group Energy Workforce & Technology Council. Domestic jobs in the broad oilfield services and equipment sector, aka OFS, climbed by an estimated 2,346 jobs to 645,486 in November, the preliminary data from the U.S. Bureau of Labor…
December 5, 2022
LNG
Argentina’s YPF Targeting 2023 FID on Integrated LNG Export Project
Argentina’s YPF SA is aiming to sanction an LNG export project by the end of 2023, according to CFO Alejandro Lew. YPF and Malaysian national oil company Petronas signed a memorandum of understanding on Sept. 1 to study the potential for an integrated liquefied natural gas export project in Argentina, home of the Vaca Muerta…
December 5, 2022
LNG
Texas Court Dismisses Port Isabel Case Against Rio Grande LNG, Texas LNG Leases
A potential obstacle to construct the proposed Rio Grande and Texas LNG facilities in South Texas has been cleared after an appellate court upheld a decision to dismiss a lawsuit over leases. The Thirteenth Court of Appeals, which serves the South Texas area, ruled that a trial court correctly dismissed a case against the Brownsville…
December 2, 2022Recent News
Permian Basin
ProPetro Expanding E-Fleet Fracturing Completions in Permian as Diesel Use Declines
Dec 6, 2022
Energy Transition
Sempra Signs LNG Deal with France’s Engie to Use Certified Natural Gas
Dec 6, 2022
Infrastructure
Santos Facing Delays for Australian Natural Gas Project After Court Decision
Dec 6, 2022
Daily Gas Price Index
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Energy Transition
Sempra Signs LNG Deal with France’s Engie to Use Certified Natural Gas
Sempra Infrastructure has inked a sales and purchase agreement (SPA) with Engie SA, shoring up offtake for the first phase of its Port Arthur LNG project near Houston and agreeing to source supplies from producers whose gas has been certified by an independent third party. Sempra could supply France’s Engie 0.875 million metric tons/year (mmty)…
December 6, 2022Infrastructure
Santos Facing Delays for Australian Natural Gas Project After Court Decision
December 6, 2022Mexico 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
Natural Gas Bears Eye $5.50 as Forecasts Trend Even Warmer as LNG Demand Lags
Natural gas futures crumbled further on Monday as weather models continued to warm, perhaps even a bit too much. With production above 100 Bcf/d and Freeport LNG still offline, the January Nymex gas futures contract settled at $5.577/MMBtu, down a jaw-dropping 70.4 cents from Friday’s close. February futures slid 68.5 cents to $5.484. At A…
December 6, 2022Markets
‘Collapse’ in December Weather-Driven Demand Sends Natural Gas Futures Plummeting
December 5, 2022Shale Daily
Impactful news and transparent pricing for shale and unconventional plays across the U.S. and Canada.
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Permian Basin
ProPetro Expanding E-Fleet Fracturing Completions in Permian as Diesel Use Declines
Midland, TX-based completions expert ProPetro Holding Corp. is expanding electric-powered hydraulic fracturing fleets, aka e-fleets, after securing a three-year contract with a Permian Basin operator. The contracted equipment provided to the undisclosed operator would be deployed primarily to support simulated fracture operations. Initially, the operator would use ProPetro’s Tier IV dynamic natural gas blending dual-fuel…
December 6, 2022Haynesville Shale