EIA storage june 11

Weekly Natural Gas Prices Advance Amid Sweltering Western Heat

Weekly cash prices gained ground amid scorching temperatures and strong cooling demand across much of the western Lower 48, highlighted by whopping surges in California. NGI’s Weekly Spot Gas National Avg. for the June 14-18 period climbed 24.0 cents to $3.170. Blistering heat moved in early across the Plains, Mountain West, Southwest and California and…

COLUMN: Natural Gas Makes it to Baja California Sur, a Lesson for Underserved Mexican States

Editor’s Note: NGI’s Mexico Gas Price Index, a leader tracking Mexico’s natural gas market reform, is offering the following column by Eduardo Prud’homme as part of a regular series on understanding this process. Baja California is a very long peninsula, but in economic terms, especially on its southern end, the flow of goods and services…

June 18, 2021

Pressure on Natural Gas Prices Resumes, with July Futures Flopping to Finish Week

Natural gas futures faltered on Friday as weather forecasts for the week ahead and a storm in the Gulf of Mexico (GOM) presented the specter of demand loss. The overhang of a strange government inventory report and Federal Reserve policymakers’ nod toward higher interest rates also cast shadows over the market at the close of…

June 18, 2021

GOM Activity Rising, with Williams Set to Expand Natural Gas Infrastructure

Natural gas and oil opportunities in the deepwater Gulf of Mexico (GOM) look to be expanding, with Tulsa-based Williams preparing to take advantage. The midstream giant, which already has substantial GOM infrastructure, recently clinched an agreement to gather and transport natural gas from the Shenandoah development underway in the deepwater. The agreement is with Beacon…

June 18, 2021

Bakken Pipeline Expected to Help North Dakota Production, Natural Gas Capture

A Bakken Shale natural gas pipeline project is expected to increase North Dakota’s efforts to raise production and reduce flaring, according to the director of the state’s Pipeline Authority. MDU Resources Group Inc.’s pipeline unit, WBI Energy Inc. earlier this month received approval for an expansion project to build the North Bakken pipeline. Construction should…

June 18, 2021