Winter Demand, Slumping Production to Boost Henry Hub Prices in Coming Months, Says EIA

Rising demand for natural gas heading into winter months, combined with reduced production, is likely to put upward pressure on prices, lifting the total 2020 Henry Hub spot price average to $2.03/MMBtu, with 2021 expected to average $3.14/MMBtu, according to the Energy Information Administration (EIA). That 2020 estimate, which is included in a Short-Term Energy…

Natural Gas Futures Notch Small Gain as Production Drops 2 Bcf/d; Cash Still Strong

Natural gas futures rebounded a bit Tuesday as production declined and liquefied natural gas (LNG) demand held firmly above the 4.5 Bcf/d mark. After swinging in a roughly 10-cent range, the September Nymex gas futures contract settled at $2.171, up 1.8 cents. October climbed 2.4 cents to $2.311. Spot gas prices continued to climb across…

August 11, 2020

BLM Opening New Headquarters in Colorado

The Department of Interior’s Bureau (DOI) of Land Management (BLM) will move its headquarters from Washington, DC, to Grand Junction, CO, the agency said. “This relocation strengthens our relationship with communities in the West by ensuring decision makers are living and working closer to the lands they manage for the American people. This effort will…

August 11, 2020

U.S. LNG Exports Averaged Just 3.1 Bcf/d in July as Utilization Rates Plummeted, Says EIA

Down sharply from a peak of 8.0 Bcf/d in January, U.S. exports of liquefied natural gas (LNG) fell sharply to average just 3.1 Bcf/d in July, according to figures published Tuesday by the Energy Information Administration (EIA). The 3.1 Bcf/d of exports averaged in July roughly matches the volume exported in May 2018, when total…

August 11, 2020

Baltimore Utility Investigating Natural Gas Lines Following Deadly Blast

Baltimore Gas & Electric Co. (BGE) had cut off natural gas service to a portion of a northwest neighborhood to investigate a line that exploded Monday, killing two people and injuring seven others. BGE, a subsidiary of Exelon Corp., said crews had found no leaks and continued to inspect area gas mains and services in…

August 11, 2020