DT Midstream Forecasting Higher U.S. Natural Gas Prices as Rising LNG Demand Looms

While U.S. natural gas producers are working to balance production with the limited commodity price upside to the end of the year, DT Midstream Inc. (DTM) is expecting Gulf Coast LNG demand to drive a bevy of expansion projects through the decade. The Detroit-based gas infrastructure firm has committed $265-295 million for growth projects this…

Labor Crunch Could Push Back Golden Pass Start-Up – Three Things to Know About the LNG Market

NO. 1: Golden Pass LNG’s timeline for starting production could slip further into 2025. A shortage of skilled workers and other construction issues are reportedly causing delays.  Market speculation about the project has grown this week as traders continue to watch U.S. export projects along the Gulf Coast for signs of new demand later this…

May 2, 2024

Shell Overcomes Slumping Natural Gas Prices as Global LNG Volumes, Production Increase

Anyone wanting to perfect the basic fundamentals of trading and optimizing LNG sales on the global market probably need look no further than to Shell plc. The No. 1 global liquefied natural gas trader, and Europe’s leading oil and gas producer, overcame slumping commodity prices during the first quarter to deliver increased production and higher…

May 2, 2024

June Natural Gas Futures Rally Above $2 Following Bullish Government Storage Print

The U.S. Energy Information Administration (EIA) on Thursday reported an injection of 59 Bcf natural gas into storage for the week ended April 26. The result came close to expectations but was notably below historical averages. The print reflected lighter production volumes and supported upward momentum for Nymex natural gas futures. Ahead of the 10:30…

May 2, 2024

Federal Court Affirms Kinder’s Evangeline Pass Natural Gas Pipe Expansion to Supply Plaquemines LNG

A move to force more scrutiny of Kinder Morgan Inc.’s Evangeline Pass natural gas pipeline expansion in Louisiana was struck down Tuesday by a federal appeals court. The U.S. Court of Appeals for the District of Columbia Circuit tossed a petition to halt the Evangeline Pass Expansion underway by Kinder’s Tennessee Gas Pipeline Co. LLC. …

May 2, 2024