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Alex Steis

Alex Steis joined the staff of NGI in June of 2000. He received his bachelor's degree in Business Management from Syracuse University in New York in May of 2000.

National Grid’s NYC Long-Term NatGas Supply Constraint Solutions Heavy on LNG

National Grid’s NYC Long-Term NatGas Supply Constraint Solutions Heavy on LNG

In an effort to meet current and future New York City natural gas supply constraints, National Grid is planning to deploy a series of measures to maintain near-term system reliability while mulling over a host of longer-term solutions, a number of which prominently feature liquefied natural gas (LNG).

February 26, 2020

80 Tcf Jebel Ali Discovery May Move UAE Toward Natural Gas Self-Reliance

Coming in as one of the world’s largest natural gas discoveries in recent years, the United Arab Emirates (UAE) announced earlier this month that it has hit on 80 Tcf of shallow gas resources between Saih Al Sidirah and Jebel Ali in the Emirates of Abu Dhabi and Dubai, respectively.

February 12, 2020

Natural Gas Cash, Futures Slide as Polar Vortex Wanes

With the nationwide polar vortex expected to loosen its grip over the weekend, natural gas price bulls were not finding much traction in Friday trading as cash values were awash in a sea of red, and the front-month futures contract continued its retreat even further below the psychological $3 price point.

February 1, 2019

Robust Storage, Lack of Sustained Cold Push NatGas Prices Lower

With the nationwide polar vortex expected to loosen its grip over the weekend, natural gas price bulls were not finding much traction in Friday trading as cash values were awash in a sea of red, and the front-month futures contract continued its retreat even further below the psychological $3 price point.

February 1, 2019
Weekly Natural Gas Values Dip as Polar Vortex Dissipates

Weekly Natural Gas Values Dip as Polar Vortex Dissipates

As the nationwide polar vortex was expected to lift over the weekend, weekly natural gas trading — Thursday and Friday — showed declines at a majority of pricing points across the United States. Most declines were in the neighborhood of 30 to 80 cents.

February 1, 2019
U.S. Oil & Gas Rigs Jump By 13; Analysts Bullish on International Growth

U.S. Oil & Gas Rigs Jump By 13; Analysts Bullish on International Growth

Oil and natural gas supply and price signals are still telling exploration and production (E&P) companies to drill, according to the latest U.S. rig count from Baker Hughes, a GE company (BHGE).

August 10, 2018
U.S. NatGas Rigs Record Third Straight Weekly Decline; Oil Dips Too

U.S. NatGas Rigs Record Third Straight Weekly Decline; Oil Dips Too

It would appear U.S. natural gas producers have finally taken notice of the price signals being sent as Baker Hughes Inc. reported Friday that the number of rigs on the hunt for the commodity have dropped for the third consecutive week.

June 29, 2018
BHI’s Domestic Rig Count Drops Amid Both Oil, NatGas Oil Declines

BHI’s Domestic Rig Count Drops Amid Both Oil, NatGas Oil Declines

The U.S. rig count fell by five units for the week ended Friday thanks to a drop in both oil and natural gas activity, including declines in the Haynesville and Eagle Ford shales and in the Williston Basin, according to data from Baker Hughes Inc.

June 29, 2018
Summer Demand Ramps Up, But Robust NatGas Production Keeping a Lid on Prices

Summer Demand Ramps Up, But Robust NatGas Production Keeping a Lid on Prices

With summer beginning to kick into high gear, natural gas market watchers are eager to see whether periods of prolonged heat can provoke enough cooling demand to put a dent in robust gas supply and nudge prices higher.

June 27, 2018
NatGas Cash Strong on Summer Sizzle; July Futures Expire Just Shy of $3

NatGas Cash Strong on Summer Sizzle; July Futures Expire Just Shy of $3

With summer beginning to kick into high gear, natural gas market watchers are eager to see whether periods of prolonged heat can provoke enough cooling demand to put a dent in robust gas supply and nudge prices higher.

June 27, 2018
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