Story of the day
December Natural Gas Bidweek Prices Mixed as Mild Forecasts, Stout Supply Blunt Some of Winter’s Impact
Markets
January Natural Gas Notches Modest Gain In Week’s Final Session
Nymex January natural gas futures traded near unchanged in the week’s closing session, picking up a slight 1.2 cents to a settlement at $2.814/MMBtu. Participants expected the recent blast of cold weather would drive the first substantial withdrawal from natural gas inventories but saw little additional weather-related demand to support sharper gains. At A Glance:…
December 1, 2023
Markets
Canadian Natural Gas Storage in Stout State, Leaving Abundant Supplies to Flow into U.S.
Interruptions imposed by western wildfires last summer aside, natural gas production in Canada has often averaged around 18 Bcf/d or higher in 2023. That’s roughly 1 Bcf/d more than the 2022 standard, according to Canada Energy Regulator data, and it comes at a time when demand has largely held flat amid mild weather. The result:…
December 1, 2023
Mexico
Top Economist Sees Natural Gas Fueling Growth in Southeast Mexico Amid Nearshoring Boom
“The Southeast Gateway project represents a significant long-term investment for the people of southern Mexico by providing them with a new dedicated gas pipeline featuring state-of-the-art technology for natural gas transportation, while addressing the country’s growing energy demand,” Alexis Milo, one of Mexico’s top economists, told NGI’s Mexico GPI. “The development of this project should…
December 1, 2023
E&P
Natural Gas Rig Count Eases Lower as Oil Drilling Powers Domestic Activity Gains
The U.S. natural gas rig count slid one unit to 116 for the week ended Friday (Dec. 1), while gains in the oil patch lifted the overall domestic count to 625, according to the latest figures from Baker Hughes Co. (BKR). Changes in the United States for the period included the addition of five oil-directed…
December 1, 2023
Energy Transition
Energy Transition Reliant on Natural Gas as Decarbonization Said ‘Relatively Slow’
Natural gas will remain a “key transition fuel” until the mid 2040s to ensure electricity systems maintain their reliability for dispatchable generation, according to TotalEnergies SE. The French integrated major, which has a worldwide portfolio of oil, natural gas and alternative energy projects, recently issued its fifth annual outlook of the global markets. The forecast,…
December 1, 2023
Energy Transition
Nationwide GHG Monitoring Strategy Launched by White House
A nationwide system to monitor and reduce U.S. emissions, initially through a two-year pilot, was given the green light on Wednesday by the Biden-Harris administration. The goal, said officials, would advance the “U.S. commitments” made in 2015 with nearly 200 countries under the United Nations climate accord, aka Paris Agreement to reduce greenhouse gas (GHG)…
December 1, 2023
Natural Gas Prices
Weekly Natural Gas Spot Prices Slide as Demand Fades; Futures Fizzle Amid Lofty Production
Natural gas cash prices spiked early in the past week amid a blast of frigid air. But milder temperatures settled in during the weekly trading period and strong production pushed the physical market into negative territory. NGI’s Weekly Spot Gas National Avg. for the Nov. 30-Dec. 1 period shed 10.5 cents to $2.745. Conditions during…
December 1, 2023
Natural Gas Prices
NGI’s Natural Gas Price Index Changes to Take Effect January 1, 2024
In our continuing effort to stay ahead of changes in the physical flows of the North American natural gas market, particularly those in the U.S. Gulf Coast and Rocky Mountains regions, Natural Gas Intelligence (NGI) will amend the spot market price tables that appear in NGI’s various data services by adding three (3) new locations…
December 1, 2023
LNG
Panama Canal Offers More Transit Auctions as U.S. LNG Traffic Continues to Fall
The Panama Canal Authority (ACP) is offering more opportunities for shippers to outbid each other for a dwindling number of transit slots on the drought-impacted waterway, but most U.S. LNG traders appear to be avoiding the route altogether. After announcing late last month that the number of available passages through the canal would be reduced…
November 30, 2023Recent News
Natural Gas Prices
Weekly Natural Gas Spot Prices Slide as Demand Fades; Futures Fizzle Amid Lofty Production
Dec 1, 2023
Natural Gas Prices
December Natural Gas Bidweek Prices Mixed as Mild Forecasts, Stout Supply Blunt Some of Winter’s Impact
Dec 1, 2023
Natural Gas Prices
Natural Gas Forwards Pressured Lower on Supply, Mild Temps; East Coast Basis Strengthens
Dec 1, 2023
Energy Transition
Energy Transition Reliant on Natural Gas as Decarbonization Said ‘Relatively Slow’
Dec 1, 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.
• 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
Energy Transition
Nationwide GHG Monitoring Strategy Launched by White House
A nationwide system to monitor and reduce U.S. emissions, initially through a two-year pilot, was given the green light on Wednesday by the Biden-Harris administration. The goal, said officials, would advance the “U.S. commitments” made in 2015 with nearly 200 countries under the United Nations climate accord, aka Paris Agreement to reduce greenhouse gas (GHG)…
December 1, 2023Natural Gas Prices
Natural Gas Forwards Pressured Lower on Supply, Mild Temps; East Coast Basis Strengthens
December 1, 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
Top Economist Sees Natural Gas Fueling Growth in Southeast Mexico Amid Nearshoring Boom
“The Southeast Gateway project represents a significant long-term investment for the people of southern Mexico by providing them with a new dedicated gas pipeline featuring state-of-the-art technology for natural gas transportation, while addressing the country’s growing energy demand,” Alexis Milo, one of Mexico’s top economists, told NGI’s Mexico GPI. “The development of this project should…
December 1, 2023Natural Gas Prices
Natural Gas Futures Flounder After Injection Tops Outlooks; Cash Sees Broad Declines
December 1, 2023Markets
North American Natural Gas Futures Flailing; Mexico Imports Steady – Spotlight
November 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
Markets
Weekly Natural Gas Spot Prices Slide as Demand Fades; Futures Fizzle Amid Lofty Production
Natural gas cash prices spiked early in the past week amid a blast of frigid air. But milder temperatures settled in during the weekly trading period and strong production pushed the physical market into negative territory. NGI’s Weekly Spot Gas National Avg. for the Nov. 30-Dec. 1 period shed 10.5 cents to $2.745. Conditions during…
December 1, 2023