Demand

Mexico’s Sener Sees Natural Gas Demand Growing in Power, Industrial Sectors, but Flat Overall Through 2037

Mexico’s Sener Sees Natural Gas Demand Growing in Power, Industrial Sectors, but Flat Overall Through 2037

Mexico’s natural gas demand will be driven by its power and industrial sectors through 2037, according to a report from Mexico’s energy ministry Sener. The report, Prospectiva de Gas Natural 2023-2037, is a planning instrument to help with “the design of the integral national strategy around natural gas,” Sener said. It would be part of…

April 2, 2024
Natural Gas Futures Limp Into Close, Cash Sinks as Storage Glut Weighs

Natural Gas Futures Limp Into Close, Cash Sinks as Storage Glut Weighs

Natural gas futures fell on Monday for a fourth session as the possibility of an early season storage build later this week outweighed cooler weather trends into late March. At A Glance: NGI models 3 Bcf withdrawal  Nymex falls for fourth day Texas cash trades negative again The April Nymex contract settled at $1.759/MMBtu, down…

March 11, 2024
Canadian Natural Gas Supply Glut Hampers Prices – Yet Production Cuts Uncertain

Canadian Natural Gas Supply Glut Hampers Prices – Yet Production Cuts Uncertain

Canadian natural gas production and storage are both elevated heading toward shoulder season – much like in the United States – and bearish pressure on prices persists. There are hints that exploration and production (E&P) companies may pull back, following the lead of their Lower 48 brethren and creating the potential for supply/demand balance this…

March 11, 2024
Equinor Nets 15-Year LNG Supply Agreement to Support Indian Ammonia Production

Equinor Nets 15-Year LNG Supply Agreement to Support Indian Ammonia Production

Norway’s Equinor ASA has agreed to supply one of India’s largest chemical manufacturers using its growing portfolio of Norwegian and U.S. LNG under a new long-term sales and purchase agreement (SPA). Deepak Fertilisers and Petrochemicals Corp. Ltd. has secured 0.65 million metric tons/year (mmty) of liquefied natural gas for 15 years from Equinor that it…

February 21, 2024
Could Extension of PG&E’s Diablo Canyon Operations Limit Natural Gas Demand?

Could Extension of PG&E’s Diablo Canyon Operations Limit Natural Gas Demand?

The U.S. Department of Energy (DOE) has awarded $1.1 billion to Pacific Gas and Electric Co. (PG&E) to extend the life of California’s last remaining nuclear power plant. The decision could further minimize natural gas consumption in the nation’s most populous state. PG&E’s 2.2 GW Diablo Canyon Power Plant (DCPP) in San Luis Obispo County…

January 22, 2024
Chatter Grows about E&P Pullback as Mild Early Winter Weather, Robust Natural Gas Storage Pressure Prices

Chatter Grows about E&P Pullback as Mild Early Winter Weather, Robust Natural Gas Storage Pressure Prices

A growing number of analysts have penciled in lower natural gas prices and more gas and oil production cuts for 2024 to remedy supply-demand imbalance, which worsened late in 2023 amid a mild start to winter and record production levels. The heating season only saw intermittent cold spells in November before December clocked in as…

January 4, 2024
Without Natural Gas, Nearshoring in Mexico Flops, Experts Say

Without Natural Gas, Nearshoring in Mexico Flops, Experts Say

Mexico could boom thanks to the new global economic system, and natural gas will be key, according to experts. Speaking Tuesday at the U.S.-Mexico Natural Gas Forum in San Antonio, TX, Guillermo García Alcocer who handles planning at Instituto Tecnológico Autónomo de Mexico (ITAM), said without greater access to natural gas, the so-called nearshoring opportunity…

November 20, 2023
December Natural Gas Futures Tumble As Record Production, Warm Early Winter Weigh

December Natural Gas Futures Tumble As Record Production, Warm Early Winter Weigh

Natural gas futures on Monday lost ground, succumbing to weaker fundamentals as production notched another all-time high and early winter warmth deflated demand. The December Nymex gas futures contract settled at $3.264/MMBtu, down 25.1 cents day/day. January fell 23.1 cents to $3.564.  At A Glance: Front month sheds 25.1 cents day/day Production approaches 105 Bcf/d…

November 6, 2023
ProPetro Eyeing More Permian E&P Demand for E-Fleets, Natural Gas-Powered Equipment

ProPetro Eyeing More Permian E&P Demand for E-Fleets, Natural Gas-Powered Equipment

The executive team for completions expert ProPetro Holding Corp., whose business is centered in the Permian Basin, remains bullish on natural gas and oil activity rising over the next several years on improved commodity prices and the continued “industrialization” of the energy sector. The Midland, TX-based oilfield services (OFS) firm provides hydraulic fracturing (fracking) services,…

November 6, 2023
Southwestern CEO Sees Haynesville Producer Discipline, LNG Demand Boosting Natural Gas Prices

Southwestern CEO Sees Haynesville Producer Discipline, LNG Demand Boosting Natural Gas Prices

The management team of Southwestern Energy Co. sees strengthening natural gas prices on the horizon, as U.S. producers tap the brakes on output and LNG exports continue to rise. CEO Bill Way hosted a conference call to discuss third quarter results for the natural gas-weighted independent, which operates in the Appalachian Basin and the Haynesville…

November 6, 2023
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