NGI Staff Reports

In the story Bakken Midstream Mulling Ethane-Natural Gas Power Plant, the company proposing to build the Williston Basin Energy Center was misstated. Bakken Midstream Natural Gas LLC is proposing to build the plant for the Mountrail-Williams Electric Cooperative. NGI regrets the error.

A roundup of news and commentary from NGI’s LNG Insight The Japan Korea Marker spot price jumped 15% day/day to shatter Monday’s record at $32.494/MMBtu amid a supply shortage and severe winter weather. Trafigura Group Pte. Ltd. also reportedly purchased a cargo for delivery in the region at $39.30. The rally continued in Europe as…

Click here to listen to a recent episode of NGI’s Hub & Flow podcast. Overall, the leading natural gas marketers in North America collectively posted flat 3Q2020 sales volumes when compared with the year-earlier quarter, snapping a streak of five consecutive quarters of year/year declines.  However, NGI’s latest Top North American Natural Gas Marketers rankings…

Click here to listen to a recent episode of NGI’s Hub & Flow podcast. Overall, the leading natural gas marketers in North America collectively posted flat 3Q2020 sales volumes when compared with the year-earlier quarter, snapping a streak of five consecutive quarters of year/year declines.  However, NGI’s latest Top North American Natural Gas Marketers rankings…

Mexico should expect higher natural gas prices in 2021 as coronavirus vaccines become available and global economies heat up following the pandemic-inspired slump of 2020. Even the Waha hub in West Texas, which saw wild pricing swings and went negative on numerous occasions in 2020, should see more stability and a reduced differential to Henry…

A roundup of news and commentary from NGI’s LNG Insight Trafigura Group Pte. Ltd. purchased an LNG cargo from Gunvor Group Ltd. for $20.80/MMBtu for early February delivery to Incheon, South Korea, which set a record for Japan Korea Marker (JKM) prices, according to Bloomberg.  Sky-high JKM prices are pulling cargoes away from Europe, where…

Click here to listen to a recent episode of NGI’s Hub & Flow podcast. Senior Editor Leticia Gonzales chats with NGI Senior Systems Engineer Nate Harrison about the changes in toilet paper consumption since Covid-19 and how similar changes in natural gas use have altered supply/demand balances.Believing that transparent markets empower businesses, economies and communities,…

A roundup of news and commentary from NGI’s LNG Insight  European LNG imports were down 42% year/year over the last seven days, Tudor, Pickering, Holt & Co. said Wednesday. North Asian prices are pulling cargoes away from the continent, while warmer weather has dented demand. The forecast is growing chillier.  Vitol has reportedly sold an…

A roundup of news and commentary from NGI’s LNG Insight European carbon credits hit $37.57 this week, a high not seen since 2006, according to EBW Analytics Group. “Increases in carbon prices in the European Union are bullish for natural gas in the U.S., since the impact on coal-fired generators in Europe is twice as…