Story of the day
ICE Reports Record Liquidity Across U.S., Global Futures Amid Natural Gas Price Hedging Frenzy
Markets
Oversupply Concerns Drag Natural Gas Forward Prices Lower
The selloff continued for the majority of U.S. natural gas forward markets in the final week of March as production proved too lofty amid declining weather-driven demand and healthy inventory levels. The April contract rolled off the board between 10 and 20 cents lower, while the May contract – which took over the prompt-month position…
March 30, 2023
Natural Gas Prices
Natural Gas Price Uncertainty, Federal Policies Escalating Unease for U.S. E&Ps, OFS
Plummeting natural gas prices, workforce shortages, cost inflation and frustration with federal policies are a few of the challenges giving U.S. oil and gas executives headaches, according to a new survey conducted by the Federal Reserve Bank of Dallas. The Dallas Fed, as it is better known, collected responses from 147 firms from March 15-23…
March 30, 2023
LNG
Freeport Feed Gas Nominations at Highest Point Since Explosion, Indicating All Trains Operating
Freeport LNG on Thursday was poised to take feed gas to levels not seen since before an explosion and fire knocked the plant offline last June, according to data tracked by NGI. Feed gas nominations made during Wednesday’s evening cycle for the March 30 gas day showed that Freeport LNG Development LP had scheduled 1.9…
March 30, 2023
E&P
First Natural Gas, Oil Auction Since 2021 Draws Bids in GOM’s Deep and Shallow Waters
Thirty-two companies participated in the first U.S. offshore natural gas and oil auction in almost two years on Wednesday, with producers vying for several deepwater blocks. ExxonMobil also bolted on more shallow water tracts, signaling that a $10 billion carbon capture project may be proceeding.Gulf of Mexico (GOM) Lease Sale 259 bids encompassed high bids…
March 30, 2023
Markets
North American Trade Relations Sour; Light Natural Gas Prices Persist – Mexico Spotlight
On its first day as the prompt month, the May New York Mercantile Exchange natural gas futures contract lost 8.0 cents day/day on Thursday and settled at $2.104/MMBtu. June fell 9.0 cents to $2.358. On Wednesday, April futures fell 3.9 cents day/day to roll off the books at $1.991/MMBtu, the lowest price all month. U.S.…
March 30, 2023
Infrastructure
Court Upholds Virginia’s MVP Water Permit, But Ruling Forthcoming on West Virginia Approval
The U.S. Court of Appeals for the Fourth Circuit has upheld a crucial water quality permit issued to the Mountain Valley Pipeline (MVP) by Virginia state regulators, keeping the project on track to potentially resume and complete construction later this year. However, a forthcoming ruling on a water quality permit issued by the state of…
March 30, 2023
LNG
Venture Global Warns of Delayed Commercial Launch at Calcasieu Pass LNG
Venture Global LNG Inc. has notified FERC and customers of technical problems at its Calcasieu Pass LNG terminal in Louisiana that could further delay the facility’s launch of commercial operations. In a recent filing to the Federal Energy Regulatory Commission, representatives of the Virginia-based company wrote that during routine tests last year, the facility experienced…
March 30, 2023
Energy Transition
PureWest, Proman Using Certified Digital Tokens to Reduce Methanol’s Carbon Footprint
Denver-based PureWest Energy LLC has completed a blockchain-verified digital token transaction with Proman to help the Swiss-based methanol producer reduce its natural gas-heavy global emissions footprint. Made possible through a partnership with Project Canary and EarnDTL, PureWest’s emissions data was minted into transactable, certified environmental tokens (CET) to help Proman reduce global customers’ Scope 3…
March 30, 2023
Markets
What Did Our Editors Learn at CERAWeek 2023? – Listen Now to NGI’s Hub & Flow
Click here to listen to the latest episode of NGI’s Hub & Flow. NGI Managing Editor Carolyn Davis has a roundtable chat with editors Jacob Dick, Kevin Dobbs and Morgan Evans about what they learned at this year’s CERAWeek by S&P Global conference in Houston. The latest on natural gas prices, potential breakthroughs on U.S.…
March 30, 2023Recent News
Natural Gas Prices
LNG Strength Powers May Natural Gas Futures Momentum; Spot Prices Sink
Mar 31, 2023
NGI All News Access
Atco Saga Highlights Deficiency in Mexico Natural Gas Project Development — Column
Mar 31, 2023
Natural Gas Prices
Natural Gas Forward Prices Slide Further as Rising LNG Demand No Match for Milder Weather
Mar 31, 2023
Energy Transition
Aether Fuels Expanding E-Fuel Options with Sustainable Syngas Takeover
Mar 31, 2023
Natural Gas Prices
Natural Gas ‘Price Plunge’ Said to Make Even Top Basins Unattractive for Investment
Mar 31, 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
Natural Gas Prices
LNG Strength Powers May Natural Gas Futures Momentum; Spot Prices Sink
Natural gas futures, under pressure throughout the week and most of the past month, finished March on a high note alongside mounting export momentum that offset fading domestic weather demand. At A Glance: Freeport export volumes pop Weather-driven demand fades Texas cash market faces test The May Nymex gas futures contract, after dropping 8.0 cents…
March 31, 2023Natural Gas Prices
Natural Gas Forward Prices Slide Further as Rising LNG Demand No Match for Milder Weather
March 31, 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
Natural Gas Prices
May Natural Gas Futures Begin Front Month Run With Whimper
May natural gas futures moved to the front of the curve for the first time Thursday and took a beating after a bearish storage print affirmed supply/demand imbalance concerns heading into shoulder season. The May Nymex gas futures contract lost 8.0 cents day/day and settled at $2.104/MMBtu. June fell 9.0 cents to $2.358. NGI’s Spot…
March 31, 2023Markets
North American Trade Relations Sour; Light Natural Gas Prices Persist – Mexico Spotlight
March 30, 2023Natural Gas Prices
Expiring April Natural Gas Futures Fell Below $2 as Downward Price Pressure Endures
March 30, 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
Regulatory
Mexico’s Cenagas Offering for Firm Natural Gas Pipeline Capacity, Said ‘Very Positive’ for Market
Mexico’s Centro Nacional de Control del Gas Natural (Cenagas) has launched its first open season for firm natural gas transport capacity since President Andrés Manuel López Obrador took office in 2018. Cenagas, the independent operator of Mexico’s Sistrangas national pipeline network, is offering shippers 22.1 MMcf/d of uninterruptible capacity on the existing Valtierrilla-Cárdenas natural gas…
March 31, 2023