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Natural Gas Futures Climb for Second Day as Maintenance Sends Output Lower
Earnings
EQT Plans MVP Expansion to Serve Data Center Boom in Southeast
EQT Corp. said it would continue cutting 1 Bcf/d of production as U.S. natural gas prices remain near four-year lows, but management anticipates strong power generation demand in the coming years that has it planning an expansion of the Mountain Valley Pipeline (MVP). After a seven-year battle and a congressional mandate rescued the system from…
April 24, 2024International
EU Energy Watchdog Says LNG Demand Could Peak This Year
The European Union’s (EU) LNG demand is likely to peak this year and buyers on the continent are likely to be over-contracted by 2030 as efforts to displace Russian natural gas over the last two years have been successful, according to the bloc’s energy watchdog. Since 2022, when Russia invaded Ukraine and cut off gas…
April 24, 2024Natural Gas Prices
Scorching Summer Forecast Sets Stage for Strong Natural Gas Demand, Price Recovery
From Texas to both corners of the North, the National Weather Service (NWS) now expects above-average summer heat across the vast majority of the country this summer – a welcome development for natural gas bulls. If the outlook proved accurate, it would drive sustained elevated gas demand for the first time in 2024, helping to…
April 24, 2024M&A
Eagle Ford, SCOOP/STACK Said Ripe for Consolidation While Natural Gas Prices Low
Privately held exploration and production (E&P) firms in the Eagle Ford Shale and Midcontinent regions could prove attractive targets for public producers seeking exposure to future strengthening of natural gas prices, according to Enverus Intelligence Research (EIR). EIR’s Andrew Dittmar, principal analyst, highlighted the Eagle Ford, the South Central Oklahoma Oil Province (SCOOP) and the…
April 24, 2024Recent News
Natural Gas Prices