Story of the Week

New York Reinforces Appalachian Natural Gas Blockade, Rejecting Transco Expansion
NGI Weekly Intel
New York has for now blocked even more Appalachian shale gas from entering the state after denying a key permit for the Northeast Supply Enhancement Project. Read More
Transco-proposed-northeast-supply-enhancement-project-20160512-v2

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NGI Weekly Newsletter

May 13, 2019

CENAGAS-Index-of-Firm-Transportation-Customers-20190405

Cenagas Director Says Preference Must Be Given to State-Owned Energy Firms

Mexico’s Centro Nacional de Control del Gas Natural (Cenagas) and Comisión Reguladora de Energía (CRE) must prioritize the interests of national oil company Petróleos Mexicanos (Pemex) and state power company Comisión Federal de Electricidad (CFE), Cenagas Director Elvira Daniel Kabbaz Zaga said this week in a radio interview.
Transco-Proposed-Northeast-Supply-Enhancement-Project-20160512-v2

New York Reinforces Appalachian Natural Gas Blockade, Rejecting Transco Expansion

New York has for now blocked even more Appalachian shale gas from entering the state after denying a key permit for the Northeast Supply Enhancement Project.

U.S. LNG Export Capacity to Double This Year to 7 Bcf/d, Says FERC

Domestic liquefied natural gas export capacity will nearly double in 2019, increasing from 3.6 Bcf/d at the beginning of the year to about 7 Bcf/d by the end of the year, according to FERC's Summer 2019 Reliability and Energy Market Assessment.
May15

Natural Gas Forward Prices Mostly Steady, While Building Heat Boosts Permian

A week of storms that left demand rather limited across the country did little to spark volatility in natural gas forward markets. Prices throughout the curve swung only a few pennies in either direction at the majority of market hubs as temperatures remained rather mild for yet another week, according to NGI’s Forward Look.

Freeport LNG Gets FERC Thumbs Up for Fourth Liquefaction Train

Nearly two years after filing an application at FERC, Freeport LNG Development LP has been approved to construct its fourth train at its natural gas export facility on Quintana Island near Freeport, TX.

PG&E Caused Camp Fire, Say California Investigators

Bankruptcy-bound Pacific Gas and Electric Co.'s (PG&E) transmission line caused last November's Camp Fire, the deadliest and most destructive wildfire in California's history, the state Department of Forestry and Fire Protection (CalFire) said Wednesday.
Monthly-North-Dakota-NatGas-Production-and-Percent-Flared-20190516

North Dakota’s Bakken Sets Natural Gas Production Record in March

Natural gas production reached an all-time high in the Bakken Shale in North Dakota during March, according to...

U.S.-China Trade Dispute Seen Complicating Domestic LNG Export Growth

An escalating trade war between the United States and China will put U.S. liquefied natural gas exporters at a disadvantage and threatens to stall not-yet-sanctioned projects, according to analysts.

Mozambique’s Rovuma LNG Export Project Takes Big Step Forward

The green light has been given to develop one of two major natural gas export projects in Mozambique, which already has sales and purchase agreements (SPA) for 100% of the capacity for trains 1 and 2.
Oklahoma-CNG-Fueling-Station-Locations-20190514

Oklahoma Governor Signs New Law to Advance Natural Gas Vehicles

Oklahoma Gov. Kevin Stitt earlier this month signed a bill to spur more development of natural gas vehicle (NGV) fueling stations and related infrastructure.

E&P Capital Discipline Pressuring Lower 48 Oil, Gas Permitting

The capital discipline instilled by many exploration and production (E&P) companies has put the squeeze on permitting in the Lower 48, with a “more opaque outlook” expected in the near term, according to Evercore ISI.
YPF-Q1-Hydrocarbons-Production-20190514

Argentina’s YPF to Slow Natural Gas Investment Amid Supply Glut, LNG Plans

Argentine national oil company YPF SA’s management team said last Friday it will pump the brakes on upstream natural gas investment for now, pending the resolution of a local supply glut and the development of two liquefied natural gas (LNG) export terminals.

Meritage Boosting PRB NatGas Processing Capacity as Demand Grows

Meritage Midstream Services II LLC said this week it expects to more than double its natural gas processing capacity in Wyoming’s Powder River Basin (PRB) if a new cryogenic plant comes online in the third quarter as expected.

Canada Natural Gas Production Set to Surge on Unconventional Drilling, Says NEB

The next growth cycle in Canadian natural gas output will roll around without a return to the former industry pattern of big jumps in western well counts, according to a forecast by the National Energy Board.

Woodfibre LNG Secures Montney Supply with Canbriam Takeover

An Asian plan for the second British Columbia liquefied natural gas export terminal, Woodfibre LNG, on Tuesday secured a supply source with a corporate takeover.
Deliveries-to-Cameron-LNG-20190514

Sempra’s Cameron LNG Achieves Production from First Train

Global liquefied natural gas exports from the Gulf Coast are set to expand as the first of three trains at the Cameron liquefied natural gas...

Diamondback Spinning Off Permian Midstream Unit

Permian Basin pure-play Diamondback Energy Inc. on Monday launched an initial public offering of its midstream unit, which provides oil, natural gas and water-related services.
Energy-Investment-by-Sector-in-Selected-Markets-20190514-v2

U.S. Spending in Upstream Onshore, Power Grid Tops Global Energy Investments

Global energy investments stabilized last year ending a three-year drought, with capital spending on natural gas, oil and coal surging, while expenditures stalled for energy efficiencies and renewables, according to the International Energy Agency.
Forecast-of-Mexico-Natural-Gas-Balance-20190513

Mexico Shale Ban Could Hit NatGas Production, Increase Need for U.S. Imports, Says Baker Institute

Banning hydraulic fracturing (fracking) and the development of the country’s vast shale resources could defeat Mexican President Andrés Manuel López Obrador’s policy aims of limiting natural gas imports, according to an issue brief put together by Rice University’s Baker Institute for Public Policy.
EIA-NatGas-Production-20190513.png

Natural Gas, Oil Production Increases to Reach 30th Consecutive Month in June, EIA Says

The long-standing, steady upward trend of natural gas and oil production increases out of the United States' seven most prolific onshore...

Comstock Forecasting 50% Increase in Haynesville Natural Gas Output in 2019

The Haynesville Shale continued to be the go-to spot for Comstock Resources Inc. during 1Q2019, where four rigs are now running across the company’s 88,000-acre leasehold.

Turn in Rockies Natural Gas Prices Strengthens Ultra Balance Sheet

Natural gas heavy Ultra Petroleum Corp. got a lift in the first quarter from resurgent prices in the Rockies, which helped boost revenues and deliver a profit as the company continues to focus on stabilizing operations in the Green River Basin.
Non-Long-Term-Volumes-and-Percent-of-Global-LNG-Trade-20190513-v2

Spot Imports Accounted for 30% of Global LNG Imports in 2018, Says IGU

The continued increase in Henry Hub-priced U.S. liquefied natural gas exports and a general rise in spot cargoes last year marked the...

Chart Eyes Global LNG Growth with New Compression Unit

Chart Industries Inc., which provides cryogenic engineering for industrial gas users, agreed Thursday to pay $592 million for Harsco Corp.’s Industrial Air-X-Changers, a move designed to allow management to expand its global liquefied natural gas business.

Weatherford Filing for Chapter 11 Bankruptcy

Weatherford International plc, one of the largest oilfield services companies in the world, is restructuring to reduce long-term debt and establish a “more sustainable” business.

U.S. LNG Pioneer, NextDecade Founder Eisbrenner Dies

Kathleen M. Eisbrenner, an oil and gas pioneer who founded and chaired NextDecade Corp., has died. She was 58.
usbaker0510

Activity Steady in U.S. Natural Gas Patch, but BHGE’s Oil Count Slips

The U.S. natural gas rig count finished unchanged at 183 during the week ended May 10, while oil-directed activity continued to grind lower, according to data from Baker Hughes, a GE Company.
Oxy_Anadarko

Oxy Secures $57B Agreement for Anadarko as Shareholders Meet

Hours after Chevron Corp. retreated Thursday, Houston-based Occidental Petroleum Corp. entered into a definitive agreement to...
Deliveries-to-Corpus-Christi-LNG-20190510

Cheniere’s Planned Corpus LNG Expansion to Move Forward ‘With or Without China’

After bringing online two liquefaction trains earlier this spring, management for Cheniere Energy Inc. said the ongoing trade spat between the United States and China, which revved up a notch early Friday, has had no impact on its liquefied natural gas business and is not going to slow the commercialization of the proposed expansion of its Corpus Christi export terminal in South Texas.
NGI-Transco-Zone-6-NY-Monthly-Average-NatGas-Price-Index-20190510

Con Ed Secures Another Agreement to Supply More Natural Gas in New York

Consolidated Edison Co. on Thursday said it had inked another deal with Iroquois Gas Transmission System LP to get more natural gas into its New York service territory.

With Clock Winding Down on Term, LaFleur Mourns Passing of Non-Partisan FERC

While there have been moments of partisan division since she first came to the ostensibly independent FERC in 2010, real party-line rifts weren't exposed until last year, Commissioner Cheryl LaFleur said Wednesday.
Monthly-US-Finished-Motor-Gasoline-Exports-to-Mexico-20190410

Decision to Go it Alone on $8B Refinery Said Harmful to Mexico NatGas Aims

The decision to cancel the engineering, procurement and construction tender for the midsize Dos Bocas refinery in Mexico’s Tabasco state and instead have state oil company Petróleos Mexicanos (Pemex) undertake the project alone will prove detrimental to the nation’s production of natural gas, according to experts.
Monthly-US-Natural-Gas-Marketed-Production-20190509

Production Cuts Boost Natural Gas Forwards as Signs Point to Slower Growth Ahead

With Lower 48 natural gas production well off recent highs, forward prices continued to strengthen May 2-8 despite the absence of any early-summer heat to drive demand. Gains were small, however, as temporary pipeline maintenance was to blame for a significant chunk of the supply cuts.

EQT Unloads on Rice Brothers, Says Board Not a 'Friends and Family' Club

EQT Corp. dug in this week, rejecting nine board nominees put forward by Rice Energy co-founders Toby Rice and Derek Rice, calling the brothers’ campaign nothing more than an attempt to promote the family’s interests.

Appeals Court Dismisses Challenge to FERC's New Market Project Decision

Environmental group Otsego 2000's request to set aside FERC's decision to allow Dominion Transmission Inc. to construct and operate compression facilities for its New Market Project has been dismissed by the United States Court of Appeals for the District of Columbia Circuit.

3D"Sign

NGI's Bidweek Alert Day 5 - April 30th for May 2019
For more detailed information please download the Excel data file
FIXED RANGE BASIS RANGE
South Texas
Agua Dulce -- --
Florida Gas Zone 1 -- --
NGPL S. TX -- --
Tennessee Zone 0 South -- -0.1250 to -0.1250
Texas Eastern S. TX -- -0.0950 to -0.0800
Transco Zone 1 -- -0.0800 to -0.0800
East Texas
Carthage -- -0.1800 to -0.1700
Houston Ship Channel 2.580 to 2.580 0.0400 to 0.0400
Katy -- --
NGPL TexOk -- -0.2050 to -0.1950
Tennessee Zone 0 North -- --
Texas Eastern E. TX -- --
Transco Zone 2 -- --
West Texas/SE New Mexico
El Paso Permian -0.050 to 1.050 --
El Paso - Keystone Pool -0.050 to 0.150 --
El Paso - Plains Pool 1.050 to 1.050 --
El Paso - Waha Pool 0.050 to 0.150 --
Transwestern 0.100 to 0.120 --
Transwestern - Central 0.100 to 0.120 --
Transwestern - W. TX 0.100 to 0.100 --
Waha -0.100 to 0.150 --
Midwest
Alliance -- --
ANR ML7 -- --
Chicago Citygate 2.290 to 2.320 --
Chicago - Nicor Gas 2.295 to 2.320 --
Chicago - NIPSCO 2.290 to 2.320 --
Chicago - North Shore -- --
Chicago - Peoples -- --
Consumers Energy -- -0.1800 to -0.1550
Dawn 2.270 to 2.400 -0.1900 to -0.1600
Emerson -- -0.4000 to -0.3600
Joliet -- --
Lebanon -- --
Michigan Consolidated 2.290 to 2.290 -0.1900 to -0.1700
NGPL Amarillo Mainline -- --
Parkway/Union -- -0.1775 to -0.1475
REX Zone 3 Delivered -- -0.2825 to -0.2750
REX into ANR - Shelby -- -0.2825 to -0.2750
REX into MGT - Edgar -- --
REX into NGPL - Moultrie -- --
REX into PEPL - Putnam -- --
REX into Trunk - Douglas -- --
Midcontinent
ANR SW 1.875 to 1.875 -0.6500 to -0.6500
Enable East -- -0.3800 to -0.3350
Enable West -- --
NGPL Midcontinent 1.820 to 1.840 -0.6800 to -0.6350
Northern Border Ventura -- --
Northern Natural Demarc 2.100 to 2.215 --
Northern Natural Ventura 2.095 to 2.200 -0.3500 to -0.3500
OGT 1.600 to 1.600 -0.9600 to -0.9200
Panhandle Eastern -- -0.7800 to -0.7700
Southern Star -- --
North Louisiana/Arkansas
Perryville -- --
Texas Eastern, M1, 24 -- --
Texas Gas Zone 1 -- -0.1800 to -0.1650
Trunkline Zone 1A -- -0.2400 to -0.2000
South Louisiana
ANR SE -- -0.1025 to -0.1025
Columbia Gulf Mainline -- -0.1950 to -0.1800
Columbia Gulf onshore -- --
Florida Gas Zone 2 -- --
Henry Hub -- -0.0025 to 0.0000
Southern Natural -- -0.0675 to -0.0600
Tennessee Line 500 -- -0.0700 to -0.0600
Tennessee Line 800 -- -0.1100 to -0.1000
Texas Eastern E. LA -- -0.1400 to -0.1150
Texas Eastern W. LA -- -0.1000 to -0.0925
Texas Gas Zone SL -- --
Transco Zone 3 -- -0.0700 to -0.0600
Trunkline E. LA -- --
Trunkline W. LA -- --
Southeast
FGT Citygate -- --
Florida Gas Zone 3 -- -0.0300 to -0.0175
Texas Eastern M-1, 30 -- --
Transco Zone 4 -- -0.0700 to -0.0600
Transco Zone 5 -- -0.0500 to -0.0100
Transco Zone 5 North -- --
Transco Zone 5 South -- -0.0500 to -0.0100
Appalachia
Columbia Gas -- -0.2700 to -0.2550
Dominion North -- -0.4500 to -0.4400
Dominion South -- -0.4500 to -0.4200
Leidy Hub -- --
Millennium East Pool -- -0.6300 to -0.4800
Tenn Zone 4 200L -- -0.2775 to -0.2500
Tennessee Zn 4 313 Pool -- -0.3200 to -0.2950
Tennessee Zn 4 Marcellus -- -0.6800 to -0.6500
Texas Eastern M-2, 30 Delivery -- --
Texas Eastern M-2, 30 Receipt -- -0.4800 to -0.4500
Texas Eastern M-3, Delivery -- -0.3700 to -0.3575
Texas Eastern M-3, Receipt -- --
Transco-Leidy Line -- -0.5400 to -0.4750
Northeast
Algonquin Citygate -- -0.2000 to -0.1900
Algonquin Citygate (non-G) -- -0.2000 to -0.1900
Algonquin Receipts -- --
Iroquois Zone 2 -- -0.2100 to -0.1900
Iroquois, Waddington -- -0.1700 to -0.0900
Niagara -- -0.2300 to -0.2300
Tenn Zone 5 200L -- --
Tenn Zone 5 200L East -- --
Tenn Zone 5 200L West -- --
Tenn Zone 5 300L -- --
Tenn Zone 6 200L -- -0.1200 to -0.1200
Tenn Zone 6 200L North -- --
Tenn Zone 6 200L South -- -0.1200 to -0.1200
Tenn Zone 6 300L -- --
Transco Zone 6 non-NY -- -0.3900 to -0.3400
Transco Zone 6 non-NY North -- -0.3900 to -0.3400
Transco Zone 6 non-NY South -- --
Transco Zone 6 NY -- -0.3500 to -0.3400
Rocky Mountains
Cheyenne Hub 1.770 to 1.800 --
CIG 1.750 to 1.770 --
CIG DJ Basin 1.450 to 1.450 --
El Paso Bondad 1.400 to 1.400 --
El Paso San Juan 1.235 to 1.450 --
Kern River 1.840 to 1.950 --
Kingsgate -- --
Northwest S. of Green River 1.770 to 1.770 --
Northwest Sumas 1.850 to 1.930 --
Northwest Wyoming Pool -- --
Opal 1.880 to 1.940 --
Questar -- --
Stanfield -- --
Transwestern San Juan 1.400 to 1.450 --
White River Hub -- --
Arizona/Nevada
El Paso S. Mainline/N. Baja -- --
Kern Delivery 2.250 to 2.350 --
California
Malin 1.890 to 2.030 --
PG&E Citygate 2.950 to 3.200 --
SoCal Citygate 2.600 to 2.750 --
Southern Border, PG&E 1.250 to 1.560 --
Southern Border, SoCal 1.450 to 2.275 --
SoCal Border Avg. 1.450 to 2.275 --
SoCal Border - Blythe -- --
SoCal Border - Ehrenberg 1.450 to 1.700 --
SoCal Border - Kern River Station -- --
SoCal Border - Kramer 2.190 to 2.250 --
SoCal Border - Needles -- --
SoCal Border - Topock -- --
SoCal Border - Wheeler Ridge 2.250 to 2.275 --
Canada
Alliance (APC) - ATP -- --
Empress 2.200 to 2.395 --
NOVA/AECO C 1.000 to 1.100 --
Westcoast Station 2 0.700 to 0.720 --
NOTE: Both the buy and the sell side of transactions are counted in this table, as they are in NGI’s daily, weekly and bidweek natural gas price tables, a standard practice which supports consistency and uniformity across products as explained in our price methodology.