Story of the day
Natural Gas Output from Appalachia, Haynesville Seen Falling Further into Early Summer
Infrastructure
Energy Transfer Works Texas Natural Gas Price Spreads With Midstream Capacity, Storage Assets
Energy Transfer LP is using its intrastate natural gas pipeline capacity in Texas to allow its customers to take advantage of the wide price spreads caused by sub-zero pricing in the Permian Basin. NGI’s Waha daily cash price has averaged in the negative for much of the past two months, including a four-year low of…
May 13, 2024
LNG
Global Natural Gas Prices Mixed on Stable Fundamentals – LNG Recap
Global natural gas prices were stable Monday as the market weighed easing supply constraints against forecasts for hotter weather in parts of the northern hemisphere and continued geopolitical tensions. In Europe, the Title Transfer Facility declined again, with the prompt contract giving up another 1.5% on Monday after it lost 6% last week. Flows at…
May 13, 2024
LNG
Saudi Aramco in Search of LNG Offtake Contracts to Gain Foothold in Global Trade
State-owned Saudi Arabian Oil Co., better known as Aramco, is working to secure LNG supply contracts for global trading as it continues to build on a strategy aimed at moving into the world’s natural gas market. Offtake contracts and a trading portfolio, CFO Ziad Al-Mushed said during the first quarter earnings call, would create a…
May 13, 2024
M&A
Kinetik Signs Pacts, Sells Pipeline Stake to Grow its Permian Presence
Kinetik Holdings Inc. entered agreements for around $1 billion to expand its New Mexico operations and footprint in Permian’s Delaware sub-basin. The Permian Basin pure-play agreed to acquire Durango Midstream LLC for $315 million, with up to $75 million contingent on the final cost of Durango’s Kings Landing project in Eddy County, NM. The 200…
May 13, 2024
Earnings
Sempra Doubling LNG Export Capacity Ahead of Forecast Demand Surge
Sempra is betting on substantial growth in global LNG demand over the coming years despite regulatory uncertainty over the future of U.S. exports, management said. CEO Jeffrey Martin hosted a conference call to discuss first quarter 2024 earnings for the San Diego, CA-based energy firm. Through its Sempra Infrastructure unit, the company has nearly 40…
May 10, 2024
International
Scorching Weather in Southeast Asia Boosting Demand for Spot LNG
Southeast Asia’s recent heatwave is leading to a jump in power demand for air conditioning, increasing demand and competition for May and June spot LNG cargoes in the region. Southeast Asia has been suffering a repeat of last summer’s scorching weather as temperatures in Cambodia, Thailand and India soared above 105 F and are expected…
May 10, 2024
Mexico
Mexico Energy Industry Expecting Improved Dialogue with Next Government
“My first hope for the next presidential administration in Mexico, whoever wins, is that they are receptive and listen to the voices of the sector,” Beatriz Marcelino, CEO of Grupo CIITA, told NGI’s Mexico GPI. “During the first years of this administration, the doors were closed for us and members of the sector and we…
May 10, 2024
Infrastructure
Golden Pass LNG Expects ‘Near Term’ Construction Impacts Amid Possible EPC Changes
Golden Pass LNG confirmed interruptions on the Texas export project could be coming after reported worker furloughs, citing ongoing negotiations between its engineering, procurement and construction (EPC) contractors. San Antonio-based Zachry Group informed hourly subcontractors Thursday not to come to the Sabine Pass, TX, site until further notice and referenced a “fuel shortage” issue, according…
May 10, 2024
Earnings
TC Energy Nears Commercial Start-Up of Coastal GasLink, Advances Southeast Gateway Offshore Pipeline
TC Energy Corp. has completed the northern portion of its Southeast Gateway and is moving to start commercial operations of its Coastal GasLink (CGL) supplying feed gas to LNG Canada. Management for the Calgary-based pipeline giant provided updates on major projects during a first quarter earnings call. In Mexico, TC has installed more than 70%…
May 9, 2024Recent News
Natural Gas Prices
Technicals Suggest Natural Gas Futures’ Sustained Rally Could Be Hard Won
May 14, 2024
MidDay Alert
Brightening LNG Outlook Spurs Further Natural Gas Futures Gains — MidDay Market Snapshot
May 13, 2024
Infrastructure
Energy Transfer Works Texas Natural Gas Price Spreads With Midstream Capacity, Storage Assets
May 13, 2024
Daily Gas Price Index
As one of only two price reporting agencies that include ICE trade data to determine natural gas price indexes, NGI delivers robust indexes at a competitive price.
• Daily physical spot natural gas price indexes at 170+ locations
• News and analysis of key market events
• Daily breakdown of physical market natural gas price activity
Natural Gas Prices
Technicals Suggest Natural Gas Futures’ Sustained Rally Could Be Hard Won
A durable run higher for natural gas futures could take longer as technical indicators suggest bullish strength butting against fundamental pressures. June natural gas futures on the New York Mercantile Exchange (Nymex) slipped 4.9 cents Friday (May 10) to settle at $2.252/MMBtu. On Monday, the prompt-month contract renewed the upside, surging 12.9 cents to settle…
May 14, 2024Mexico Gas Price Index
Daily news and natural gas pricing information service focused on price transparency in Mexico.
• Experienced insight into Mexican regulatory requirements, process guidelines and governmental oversight
• Regular interviews with Mexico natural gas subject matter experts
• NGI-calculated cost-plus-transport pricing, as well as official IPGN pricing
Natural Gas Prices
Natural Gas Forward Prices Rally as LNG Demand Seen Sharply Higher; Production Remains Off Highs
North American natural gas forwards rallied across the 2024 strip during the May 2-8 trading period as sagging production readings and an incrementally supportive LNG export outlook stirred bullish optimism. Benchmark Henry Hub set the tone, with June fixed prices rallying 25.5 cents week/week to reach $2.194/MMBtu, according to NGI’s Forward Look. By Monday (May…
May 14, 2024Shale Daily
Impactful news and transparent pricing for shale and unconventional plays across the U.S. and Canada.
• Natural gas prices at 20+ North American shale basins and unconventional plays
• Quickly understand major factors affecting on of the world’s largest natural gas supplies
• On-the-ground news coverage of crucial market events impacting supply and demand fundamentals
Natural Gas Prices
Natural Gas Forward Prices Rally as LNG Demand Seen Sharply Higher; Production Remains Off Highs
North American natural gas forwards rallied across the 2024 strip during the May 2-8 trading period as sagging production readings and an incrementally supportive LNG export outlook stirred bullish optimism. Benchmark Henry Hub set the tone, with June fixed prices rallying 25.5 cents week/week to reach $2.194/MMBtu, according to NGI’s Forward Look. By Monday (May…
May 14, 2024Natural Gas Prices