EIA Raises 2023 Natural Gas Production Forecast as Output Tops 100 Bcf/d in Late 2022

Driven by associated output from the Permian Basin, the Energy Information Administration (EIA) is raising its forecast for domestic natural gas production in 2023, according to updated projections. EIA’s latest Short-Term Energy Outlook (STEO), published Tuesday, calls for U.S. natural gas production to average 100.4 Bcf/d next year, up from its month-earlier forecast for output…

Natural Gas Traders Tap Breaks, Then Hit Pedal as Weather Data Confirms Looming Cold Snap

Natural gas futures bounced around Wednesday after weather models added a large chunk of demand to the long-range outlook, with frigid Canadian air forecast to plunge into the Lower 48 next week. After a sharp rally overnight lost momentum, confirmation in the midday data sent the January Nymex gas futures contract roaring higher and ultimately…

December 7, 2022

How Could Mexico and Arizona Ease Permian Natural Gas Takeaway Constraints? Storage Might Be Answer

Although Gulf Coast LNG exports are expected to drive the bulk of U.S. natural gas demand growth in the coming years, Mexico and Arizona could play vital roles in easing natural gas takeaway constraints out of the Permian Basin, according to NGI’s Patrick Rau, director of strategy and research. As evidenced by Waha spot prices…

December 7, 2022

U.S. Agrees to Boost UK’s LNG Imports Via ‘Energy Security’ Partnership

The U.S. government has committed to exporting up to 353 Bcf of natural gas to the UK next year as part of a strategic partnership aimed at strengthening commodity markets in Europe. As a part of the initiative disclosed Wednesday, called the UK-US Energy Security and Affordability Partnership, the countries have formed a joint action…

December 7, 2022

Another LNG Vessel Heads to Freeport LNG as Late-December Restart Anticipation Builds — The Offtake

A third LNG vessel, the Grace Fressia, has declared Freeport LNG as its destination with an estimated arrival sometime around Dec. 20, according to ship-tracking data from Kpler.

December 7, 2022