Story of the day
Market Still ‘Wrestling’ with Bearish EIA Print as Natural Gas Futures Called Lower Early
Markets
More U.S. LNG Cargo Cancellations Possible This Summer as Production Climbs
U.S. liquefied natural gas (LNG) exporters could see cargo cancellations return this summer if the current supply glut cannot be alleviated by then, analysts said Wednesday. According to IHS Markit, 2020 saw an estimated global surplus of around 24 million metric tons of LNG, or 6% of the available market, as demand weakened amid the…
March 4, 2021
E&P
Permian Smacks Down ‘Snowvid’ as More Completion Crews Go to Work
The active number of U.S. fracture spreads jumped nearly 15% month/month in February, driven by strength in the Permian Basin, even as “Snowvid” shut in wells and sent crews packing, according to Tudor, Pickering, Holt & Co. (TPH). Data compiled by TPH indicated that oilfield services (OFS) operators increased the number of crews working in…
March 4, 2021
Markets
Natural Gas Forward Curves Ignore Structurally Supportive Backdrop, Climb Only Slightly
Shoulder season may be setting in across U.S. natural gas forward markets weeks ahead of schedule, with modest price changes seen across the country, according to NGI’s Forward Look. A quick return to business as usual following last month’s historic winter freeze combined with near-perfect temperatures to drive April forward prices up only 6.0 cents…
March 4, 2021
LNG
Freeport LNG CEO Questions Growing Reliance on Spot Cargoes After Volatile Winter
The cold snap earlier this winter in Asia and Europe that sent prices skyrocketing and buyers scrambling for liquefied natural gas (LNG) cargoes was an indication that the global market is becoming too reliant on spot deliveries, said Freeport LNG CEO Michael Smith. “There’s been an overreliance on spot cargoes in our industry,” he said…
March 4, 2021
LNG
Legislation, Infrastructure Said Needed to Unleash Brazil, Argentina Natural Gas Potential
Argentina through its Vaca Muerta formation and Brazil with its vast offshore pre-salt reserves, could become major players in international natural gas markets, but much needs to happen before this can occur, experts said this week. In a panel discussion at CERAWeek by IHS Markit on Wednesday, Argentina’s Pan American Energy CEO Marcos Bulgheroni said…
March 4, 2021
Energy Transition
Natural Gas, Technology and Efficiencies Taking Prominent Role as Latin American NOCs Transition
Talk of the energy transition dominated this week’s CERAWeek by IHS Markit, with Latin America’s national oil companies (NOC), which have long served as key sources of revenue for their governments, part of the discussion. The consensus is oil and gas will remain relevant for decades as energy use intensifies across rapidly developing economies. However,…
March 4, 2021
Marcellus
Pennsylvania Saw Modest Increase in Unconventional Natural Gas Production Last Year, but Activity Down
Pennsylvania unconventional natural gas production surpassed 7 Tcf last year, up 3.9% from 2019, the lowest growth rate on record for a full year of production, according to the state’s Independent Fiscal Office (IFO). Fourth quarter production increased 2.9% year/year to 1.8 Tcf, flat with the annual growth level in the third quarter. Quarterly production…
March 4, 2021
Markets
At Saudi’s Urging, OPEC-Plus Holds the Line on Oil Production
Members of the Organization of the Petroleum Exporting Countries and its allies, aka OPEC-plus, agreed on Thursday to hold the line on oil production in April. The alliance was following the lead of Saudi Arabia energy ministers who argued to keep output steady as producers gauge the success of coronavirus vaccines and the potential for…
March 4, 2021
Infrastructure
U.S. Power Grid Said to Need Reinforcements to Ensure Reliability
Accelerating innovation is among the long list of recommendations needed to strengthen the U.S. power grid, according to the National Academies of Sciences, Engineering, and Medicine. The report, mandated by Congress, came in the wake of the winter freeze last month that severely strained the power grid in Texas and other states. In the report,…
March 4, 2021Recent News
Regulatory
FERC’s Glick Not ‘Against Pipelines’ Despite History of Dissents in Natural Gas Cases
Mar 5, 2021
Energy Transition
Natural Gas, Technology and Efficiencies Taking Prominent Role as Latin American NOCs Transition
Mar 4, 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
• News and analysis of key market events
• Daily breakdown of physical market natural gas price activity
LNG
Legislation, Infrastructure Said Needed to Unleash Brazil, Argentina Natural Gas Potential
Argentina through its Vaca Muerta formation and Brazil with its vast offshore pre-salt reserves, could become major players in international natural gas markets, but much needs to happen before this can occur, experts said this week. In a panel discussion at CERAWeek by IHS Markit on Wednesday, Argentina’s Pan American Energy CEO Marcos Bulgheroni said…
March 4, 2021Markets
April Natural Gas Futures Sink as Meager Storage Withdrawal Points to Weaker Demand
March 4, 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
NGI All News Access
Mexico Natural Gas Imports Dip in February Amid Texas Freeze; Prices, Production Down in January
Natural gas pipeline flows from the United States to Mexico averaged 5.3 Bcf/d in February, roughly 380 MMcf/d lower month/month (m/m) and 100 MMcf/d higher year/year (y/y), according to preliminary figures from Wood Mackenzie. Liquified natural gas (LNG) sendout from Mexico’s Altamira, Manzanillo and Energía Costa Azul import terminals averaged 263 MMcf/d, about 240 MMcf/d…
March 2, 2021Earnings
Pemex Natural Gas Production Stands Still as Mexico Government Support Ramps Up
March 1, 2021Natural Gas Prices
Mild March Forecast Sinks Natural Gas Futures Prices a Seventh Straight Day
March 1, 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
Marcellus
Pennsylvania Saw Modest Increase in Unconventional Natural Gas Production Last Year, but Activity Down
Pennsylvania unconventional natural gas production surpassed 7 Tcf last year, up 3.9% from 2019, the lowest growth rate on record for a full year of production, according to the state’s Independent Fiscal Office (IFO). Fourth quarter production increased 2.9% year/year to 1.8 Tcf, flat with the annual growth level in the third quarter. Quarterly production…
March 4, 2021Shale Daily