Story of the day
May Natural Gas Futures Slide on First Day in Front Position; Holiday Weekend Deflates Cash Prices
Natural Gas Prices
Abundant Western Canadian Natural Gas Supplies Support Seismic Pacific Storage Rebound
Natural gas production in Canada proved robust through the past winter, even as heating demand waned in the back half of the season. Supplies in storage swelled and prices dropped as a result, mirroring and compounding conditions in the United States. Related U.S. challenges include elevated supplies in the Pacific region, due in part to…
March 27, 2024LNG
Tellurian Courting Natural Gas Producers Seeking LNG Exposure Through Driftwood
Tellurian Inc. is looking to join the wave of Gulf Coast LNG developers partnering with exploration and production (E&P) companies on tolling agreements to raise international exposure, executive chairman Martin Houston said Tuesday. In a letter to shareholders, the Houston-based company’s co-founder said Tellurian’s marketing team had spent last week meeting with potential customers and…
March 27, 2024Regulatory
California Natural Gas Ban in Berkeley Halted Following Settlement
The first-in-the-nation natural gas ban in Berkeley, CA, is no more after city officials agreed to halt enforcement. The agreement with the California Restaurant Association (CRA), to halt enforcement of the city’s ban on new natural gas pipelines, was anticipated following a ruling by the U.S. Court of Appeals for the Ninth Circuit. The appeals…
March 27, 2024Mexico
Mexico Presidential Frontrunner Sheinbaum Promises Dominant CFE, Pemex if Elected
Claudia Sheinbaum, Mexico’s presidential candidate for the ruling Morena Party, seeks continuity for the national energy sector. In a March 18 speech to commemorate the anniversary of state oil company Petróleos Mexicanos (Pemex), Sheinbaum said her administration would follow the path of the Andrés Manuel López Obrador government and continue to prioritize the dominant role…
March 27, 2024International
Vitol Sees LNG Trading Growth as Market ‘Realignment’ Boosts Energy Security Needs
Vitol Inc. reported its natural gas and LNG business segments continued to expand in 2023 despite relatively lower global prices last year. Since Russia’s 2022 invasion of Ukraine, trading houses and energy majors have seen record volumes and profits from natural gas, particularly liquefied natural gas, as Europe moved to replace lost Russian volumes. More…
March 27, 2024Regulatory
Senate Confirmation of Biden’s FERC Nominees Appears on Track Following Hearing
Nominees to fill three FERC vacancies said they would put energy affordability and reliability above other concerns if selected for the positions. They also said a buildout of natural gas infrastructure may be needed to support the growing energy needs of the United States. The Senate Committee on Energy and Natural Resources last week questioned…
March 27, 2024Markets
April Bidweek Trading Concludes as Hefty Storage, Incoming Weak Demand Weigh
Stout storage levels at the start of the weak spring demand season kept baseload natural gas prices for April under pressure in bidweek trading Tuesday, according to NGI’s Bidweek Alert (BWA). Overall trade slowed from Monday on the third and last day of bidweek trading for April baseload flows, with the Midwest and Appalachia leading…
March 27, 2024E&P
EQT Eyeing Data Center ‘Gold Rush’ for Natural Gas-Fired Power, Unleashing More LNG
EQT Corp., the No. 1 natural gas producer in the United States, isn’t resting on its laurels. The gas giant is continuing to eye a potential East Coast LNG project, but it’s venturing into the artificial intelligence (AI) market, to gain a slice of the data center power market. Executive Vice President Rob Wingo, who…
March 26, 2024Infrastructure
Whistler, Rio Bravo Pipeline Owners Teaming Up to Advance Permian-to-Gulf Coast LNG Corridor
The owners of the Whistler Pipeline system and the developers of the planned Rio Bravo Pipeline project are joining forces to connect Permian Basin natural gas supply with Gulf Coast LNG export markets. WhiteWater Midstream, I Squared Capital, MPLX LP and Enbridge Inc. have agreed to combine Whistler and Rio Bravo in a new joint…
March 26, 2024Recent News
Natural Gas Prices
Abundant Western Canadian Natural Gas Supplies Support Seismic Pacific Storage Rebound
Mar 27, 2024International
Vitol Sees LNG Trading Growth as Market ‘Realignment’ Boosts Energy Security Needs
Mar 27, 2024Regulatory
Senate Confirmation of Biden’s FERC Nominees Appears on Track Following Hearing
Mar 27, 2024Daily 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
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Markets
May Natural Gas Futures Slide on First Day in Front Position; Holiday Weekend Deflates Cash Prices
The May Nymex natural gas futures contract crumbled in its premiere session in the lead position, anchored to the downside amid a plethora of bearish fundamentals, most notably abundant supply met by a shortage of demand. At A Glance: Prompt month sheds 7.0 cents Storage withdrawal expected Bearish spring weather ahead The newly anointed front-month…
March 27, 2024Natural Gas Prices
Abundant Western Canadian Natural Gas Supplies Support Seismic Pacific Storage Rebound
March 27, 2024Mexico 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 Presidential Frontrunner Sheinbaum Promises Dominant CFE, Pemex if Elected
Claudia Sheinbaum, Mexico’s presidential candidate for the ruling Morena Party, seeks continuity for the national energy sector. In a March 18 speech to commemorate the anniversary of state oil company Petróleos Mexicanos (Pemex), Sheinbaum said her administration would follow the path of the Andrés Manuel López Obrador government and continue to prioritize the dominant role…
March 27, 2024Natural Gas Prices
April Natural Gas Futures Finish Run Down in Volatile Session, Spot Gas Gains
March 27, 2024Infrastructure
CFE, Engie Sign Yucatán Pipeline Deal, Extending Reach of Texas Natural Gas in Mexico
March 26, 2024Shale 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
May Natural Gas Futures Slide on First Day in Front Position; Holiday Weekend Deflates Cash Prices
The May Nymex natural gas futures contract crumbled in its premiere session in the lead position, anchored to the downside amid a plethora of bearish fundamentals, most notably abundant supply met by a shortage of demand. At A Glance: Prompt month sheds 7.0 cents Storage withdrawal expected Bearish spring weather ahead The newly anointed front-month…
March 27, 2024Mexico