Story of the day
Possible ‘Panic Buying’ Sends Natural Gas Futures Soaring as February Outlook Seen Much Colder
E&P
Texas E&P Industry Back on Track, with ‘Record Territory’ for Permian Natural Gas, Oil
The Lone Star State’s exploration and production (E&P) economy enjoyed a year of recovery in 2021 on the heels of nearly two years of contraction, according to the latest Texas Petro Index (TPI). The TPI, created by petroleum economist Karr Ingham of the Texas Alliance of Energy Producers (TAEP), measures growth rates and cycles of…
January 26, 2022
NGI All News Access
Are U.S. LNG Exports Leading to Higher Prices? Yes, Say Consumer Advocates
Framed around projections that U.S. consumers could be hit with higher heating bills this year, advocacy groups are renewing the message that expanding U.S. liquefied natural gas (LNG) exports are part of the problem. The nonprofit Institute for Energy Economics and Financial Analysis (IEEFA) is highlighting natural gas price fluctuations from last year in a…
January 26, 2022
Earnings
Hess Ramping Up Bakken Production as Oil Demand, Prices Rise
U.S. independent Hess Corp. expects production from its Bakken Shale assets to grow 6-9% in 2022 to 165,000-170,000 boe/d. The New York-based producer is ramping up Bakken activity after adding a third rig last September. Previously it had slashed its rig count from six to one because of the coronavirus pandemic. A fourth rig could…
January 26, 2022
Energy Transition
Biden’s Climate Envoy Endorses Natural Gas with CCUS as Long-term Energy Solution
U.S. Special Presidential Envoy for Climate John Kerry this week expressed support for natural gas as a long-term energy source, provided that the resulting carbon emissions are abated. “I’m for gas as this transitional effort, and I hope someone will come up with the technology that can affordably find a way to capture the emissions,”…
January 26, 2022
Energy Transition
Louisiana Green Diesel Project Using CCS Advancing for Caldwell Parish Port
The Port of Columbia in Caldwell Parish, LA, and Strategic Biofuels LLC jointly announced the port has received a $15 million grant to improve the port’s accessibility and infrastructure in preparation for the Louisiana Green Fuels (LGF) renewable diesel plant. The grant is from the Louisiana Department of Transportation and Development (DOTD) through its Louisiana…
January 26, 2022
International
White House Working to Ensure Russia-Ukraine Tensions Don’t Upend European Natural Gas Supply
The White House is working with European allies to ensure adequate natural gas supply in the event Russia cuts off access, press secretary Jen Psaki said this week. During a gaggle with the press, Psaki confirmed that the Biden administration has been working on contingency plans if Russia were to invade Ukraine. Russia is a…
January 26, 2022
NGI All News Access
FortisBC Reports 12.4 Bcf/d in RNG Supply Contracts to Serve Future Customers
After a two-year hunt, FortisBC Energy Inc. has reported rounding up enough renewable natural gas (RNG) supply contracts to match demand by all new homes built in British Columbia (BC). In an application to the BC Utilities Commission (BCUC), the gas distribution company is seeking approval to designate future additions to its roster of residential…
January 26, 2022
E&P
Mexico Natural Gas, Oil Output Flat in 2021 as U.S. Imports Surge
Mexico reported essentially flat growth in natural gas and oil production in 2021 as gas imports from the United States continued to surge. Mexico’s gas output averaged 3.85 Bcf/d for the full year, versus 3.84 Bcf/d in 2020, according to data from upstream regulator Comisión Nacional de Hidrocarburos (CNH). State oil company Petróleos Mexicanos (Pemex)…
January 26, 2022
NGI Mexico GPI
Mexico Exports Slip in 4Q, but Kinder Morgan Gains on Higher Natural Gas Prices, LNG Deliveries
Stronger natural gas prices lifted Kinder Morgan Inc. results in the fourth quarter and propelled physical liquefied natural gas (LNG) deliveries higher by 33%. Executive Chairman Richard Kinder and CEO Steven Kean helmed a conference call last week to discuss fourth quarter and full-year 2021 results. The company recovered sharply in the final three months…
January 25, 2022Recent News
International
White House Working to Ensure Russia-Ukraine Tensions Don’t Upend European Natural Gas Supply
Jan 26, 2022
NGI All News Access
Are U.S. LNG Exports Leading to Higher Prices? Yes, Say Consumer Advocates
Jan 26, 2022
Energy Transition
Louisiana Green Diesel Project Using CCS Advancing for Caldwell Parish Port
Jan 26, 2022
Energy Transition
Biden’s Climate Envoy Endorses Natural Gas with CCUS as Long-term Energy Solution
Jan 26, 2022
NGI All News Access
FortisBC Reports 12.4 Bcf/d in RNG Supply Contracts to Serve Future Customers
Jan 26, 2022
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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Markets
Possible ‘Panic Buying’ Sends Natural Gas Futures Soaring as February Outlook Seen Much Colder
Natural gas futures soared midweek after one of the major weather models staged the largest reversal this winter, resulting in a huge jump in projected demand for the next two weeks. The February Nymex gas futures contract settled Wednesday at $4.277/MMBtu, up 22.4 cents from Tuesday’s close. March rocketed up 14.2 cents to $4.036. At…
January 26, 2022International
White House Working to Ensure Russia-Ukraine Tensions Don’t Upend European Natural Gas Supply
January 26, 2022NGI All News Access
Are U.S. LNG Exports Leading to Higher Prices? Yes, Say Consumer Advocates
January 26, 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
E&P
Mexico Natural Gas, Oil Output Flat in 2021 as U.S. Imports Surge
Mexico reported essentially flat growth in natural gas and oil production in 2021 as gas imports from the United States continued to surge. Mexico’s gas output averaged 3.85 Bcf/d for the full year, versus 3.84 Bcf/d in 2020, according to data from upstream regulator Comisión Nacional de Hidrocarburos (CNH). State oil company Petróleos Mexicanos (Pemex)…
January 26, 2022NGI Mexico GPI
Expected February Warm-Up Limits Price Gains for Nymex Natural Gas Futures; Cash Surges
January 25, 2022Natural Gas Prices
Latin America Playing ‘Disruptive’ Role in Global LNG Market on Drought-Driven Demand Swings
January 24, 2022Shale 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
Texas E&P Industry Back on Track, with ‘Record Territory’ for Permian Natural Gas, Oil
The Lone Star State’s exploration and production (E&P) economy enjoyed a year of recovery in 2021 on the heels of nearly two years of contraction, according to the latest Texas Petro Index (TPI). The TPI, created by petroleum economist Karr Ingham of the Texas Alliance of Energy Producers (TAEP), measures growth rates and cycles of…
January 26, 2022Energy Transition