Story of the day
Listless Demand Sends Natural Gas Futures Lower Fifth Time in Six Sessions; Cash Prices Cascade
LNG
LNG Vessel Owners Looking Beyond Winter Spot Market to Mid-Decade Export Boom, CoolCo Says
Despite a current lull in LNG prices and trading activity, shipping company Cool Co. Ltd. (CoolCo) expects the long-term focus on natural gas supply security to make independent vessel owners think twice about short-term commitments for this winter. The Bermuda-based company recently reported in a market outlook that vessel owners could have more incentive to…
May 26, 2023
Earnings
Appalachia’s Ascent Turning to Liquids, Market Diversification Amid Low Natural Gas Prices
Ascent Resources Utica Holdings LLC is pivoting to the liquids-rich window of its acreage and marketing most of its natural gas outside the Appalachian Basin to offset price volatility, according to management. CEO Jeff Fisher hosted a conference call earlier this month to discuss first quarter results of Oklahoma City-based Ascent, a Utica Shale pure-play…
May 26, 2023
LNG
TC’s Willow Valley Gains OK to Move Montney Natural Gas to LNG Canada
Supply preparations are accelerating for LNG deliveries overseas from British Columbia (BC) after TC Energy Corp. secured approval for a pipeline connection. With exploration and production support, the Calgary-based midstream giant also has proposed a special export toll for liquefied natural gas. The Canada Energy Regulator (CER) finalized TC’s Willow Valley Interconnect, which would link…
May 26, 2023
LNG
Some U.S. E&Ps Said Far Ahead of Others in Cutting Oil, Natural Gas Emissions
U.S. oil and natural gas producers cut methane and overall greenhouse gas (GHG) intensity significantly in 2021, according to the latest analysis of publicly available data by the Clean Air Task Force (CATF) and its partners. The intensity of both, or a measure of emissions relative to production, declined by roughly 30% between 2019 and…
May 26, 2023
E&P
Haynesville Declines Pace in Another Week of Retrenchment in U.S. Natural Gas, Oil Drilling
Continued retrenchment in domestic drilling activity saw the U.S. natural gas rig count fall four units to 137 for the week ended Friday (May 26), the latest numbers from Baker Hughes Co. (BKR) show. A decline of five oil-directed rigs saw the combined U.S. rig count drop to 711, down nine week/week and off 16…
May 26, 2023
Mexico
Mexico LNG Buildout Poses Risks for Internal Natural Gas Market, Says Energy Policy Expert
Mexico’s decision to construct LNG plants to export natural gas may risk the country’s energy security and may be more costly than beneficial, a research associate at Columbia University’s Center on Global Energy Policy (CGEP) told NGI’s Mexico GPI. “I think that there is a risk that these projects represent a burden for Mexico’s energy…
May 26, 2023
Regulatory
Supreme Court Narrows Scope of CWA in ‘Significant Victory for U.S. Energy Producers’
In a ruling considered a victory for the natural gas and oil industry, the U.S. Supreme Court has unanimously narrowed federal oversight established in the Waters of the United States (WOTUS) within the Clean Water Act (CWA). In an opinion written by Justice Samuel Alito, the court said the Environmental Protection Agency’s (EPA) interpretation of…
May 26, 2023
Infrastructure
Phillips 66 Eyeing Lasers to Point Out Methane Leaks in Natural Gas Infrastructure
Phillips 66 is collaborating with Bridger Photonics Inc. to explore ways to reduce methane leaks in natural gas infrastructure using laser-based technology. The partnership would focus on the midstream giant’s natural gas pipelines in Colorado, Kansas, Oklahoma and Texas. Houston-based Phillips 66 operates one of the nation’s largest natural gas operations, including its expanded ownership…
May 26, 2023
Markets
Soft Demand, Stout Supplies Bruise Weekly Natural Gas Spot Prices, Futures
Weekly natural gas cash prices lost ground for the third time in May, hampered by strong supply levels and weak demand across much of the Lower 48. NGI’s Weekly Spot Gas National Avg. for the May 22-26 period fell 14.0 cents to $1.910. Conditions during the covered period were fundamentally unfavorable for bulls: Production held…
May 26, 2023Recent News
Natural Gas Prices
Listless Demand Sends Natural Gas Futures Lower Fifth Time in Six Sessions; Cash Prices Cascade
May 26, 2023
Regulatory
Supreme Court Narrows Scope of CWA in ‘Significant Victory for U.S. Energy Producers’
May 26, 2023
Infrastructure
Phillips 66 Eyeing Lasers to Point Out Methane Leaks in Natural Gas Infrastructure
May 26, 2023
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.
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Natural Gas Prices
Listless Demand Sends Natural Gas Futures Lower Fifth Time in Six Sessions; Cash Prices Cascade
Natural gas futures on Friday fell a second consecutive day and for the fourth time in a dismal week for bulls. Elusive demand – both domestic weather-driven consumption and lower calls for LNG – intersected with strong production levels to keep prices in check. At A Glance: Weak consumption prevails Production tops 100 Bcf/d Strong…
May 26, 2023Natural Gas Prices
With Production Not Backing Down, Natural Gas Forward Prices Soften Absent Summer Heat
May 26, 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
Mexico
Mexico LNG Buildout Poses Risks for Internal Natural Gas Market, Says Energy Policy Expert
Mexico’s decision to construct LNG plants to export natural gas may risk the country’s energy security and may be more costly than beneficial, a research associate at Columbia University’s Center on Global Energy Policy (CGEP) told NGI’s Mexico GPI. “I think that there is a risk that these projects represent a burden for Mexico’s energy…
May 26, 2023Natural Gas Prices
June Natural Gas Futures, Spot Prices Pressured as Demand Evades Lower 48
May 26, 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
Markets
Soft Demand, Stout Supplies Bruise Weekly Natural Gas Spot Prices, Futures
Weekly natural gas cash prices lost ground for the third time in May, hampered by strong supply levels and weak demand across much of the Lower 48. NGI’s Weekly Spot Gas National Avg. for the May 22-26 period fell 14.0 cents to $1.910. Conditions during the covered period were fundamentally unfavorable for bulls: Production held…
May 26, 2023Natural Gas Prices