storage Oct. 8

Like Autumn Leaves, Weekly Spot Natural Gas Prices Fall on Mild Weather

Though power burns have been persistently strong throughout the summer and into the fall, rising wind generation this week stole some market share from natural gas.  Spot gas prices tumbled from last week’s levels as weather proved pretty close to perfect across much of the country during the Oct. 11-15 period. NGI’s Weekly Spot Gas…

Natural Gas Futures Plummet Below $5 as Mild Weather to Prevail into Early November

Natural gas futures extended their losses on Monday as cold weather remained largely absent from long-range forecasts. Despite higher global prices, the November Nymex gas futures contract plunged 42.1 cents to settle at $4.989/MMBtu. December dropped 36.4 cents to hit $5.236. Spot gas prices also continued to slide, with NGI’s Spot Gas National Avg. slipping…

October 18, 2021

World Natural Gas Market Under ‘Tremendous Pressure’ as Winter Nears

Moving the energy economy to net zero emissions is timely and costly, and the world now faces another dilemma: a natural gas market under “tremendous pressure” ahead of winter, the International Energy Agency (IEA) said Wednesday. In launching its annual World Energy Outlook (WEO-2021), the global energy watchdog acknowledged that winter 2021/2022 is opening with…

October 18, 2021

Sempra Utility Unit Shrinks Net Zero Time Frame

San Diego Gas & Electric Co. (SDG&E) is accelerating its drive toward reaching net zero greenhouse gas (GHG) emissions by 2045, the Sempra subsidiary reported Monday. The announcement comes less than a month after California Gov. Gavin Newsom signed legislation pushing for faster adoption of “firm zero-carbon resources” to generate electricity. According to SDG&E CEO…

October 18, 2021

Energy-Hungry China Could Deepen Global Natural Gas Shortage

While the prospect of a cold winter is threatening to send an energy market already in crisis spiraling further, efforts in China to secure the supplies it needs to get through the season could make matters worse. China is the world’s largest energy consumer, and it has rapidly transformed into a natural gas-buying behemoth in…

October 18, 2021