electric

Natural Gas Futures Break Even After In-Line Storage Injection

Natural Gas Futures Break Even After In-Line Storage Injection

Natural gas futures traded in a narrow range of gains and losses Thursday and ultimately finished flat after traders absorbed a relatively bullish storage report that offset weather and demand uncertainty. The July Nymex contract settled at $1.638/MMBtu. August rose one-tenth of cent to $1.728.

June 19, 2020

The Offtake: LNG in Brief

A roundup of news and commentary from NGI’s LNG Insight

June 19, 2020
ACP Seeks FERC Extension; MVP’s Southgate Project Approved

ACP Seeks FERC Extension; MVP’s Southgate Project Approved

The Atlantic Coast Pipeline (ACP) project has asked FERC for a two-year extension to build and place the 1.5 Bcf/d system online, citing the legal and regulatory delays it has faced.

June 19, 2020
With Lower Storage Injection Expected, Natural Gas Futures Advance, End Three-Day Skid

With Lower Storage Injection Expected, Natural Gas Futures Advance, End Three-Day Skid

Forecasts for modestly increasing heat and a lower inventory build report offset enduring uncertainty about liquefied natural gas (LNG) demand, helping natural gas futures post gains Wednesday and ending a drubbing that cost the July contract nearly 20 cents over the prior three trading sessions.

June 18, 2020
Weak Natural Gas Cash Prices Bleed into Forward Curves; Weather Seen Key to Near-Term Direction

Weak Natural Gas Cash Prices Bleed into Forward Curves; Weather Seen Key to Near-Term Direction

With much of the supply/demand background fairly stable, weak natural gas cash pricing drove a deep dive lower for forward markets during the June 11-17 period, NGI’s Forward Look data show. Double-digit decreases extended across North America through the rest of summer, though smaller losses were seen further out the curve.

June 18, 2020
FERC Proposes Five-Year Index Level for Interstate Oil Pipeline Rates

FERC Proposes Five-Year Index Level for Interstate Oil Pipeline Rates

FERC has issued a notice of inquiry (NOI) on its proposed index level used to calculate annual changes to interstate oil pipeline rate ceilings for the next five years, beginning July 1, 2021.

June 18, 2020
Mirage Says Financing Secured for Expanded Mexico Natural Gas Pipeline, Storage Project

Mirage Says Financing Secured for Expanded Mexico Natural Gas Pipeline, Storage Project

Mirage Energy Corp. has signed a $4 billion debt facility with the family office of Bluebell International to develop a natural gas project that would add cross-border capacity into Mexico, as well as the nation’s first underground gas storage facility.

June 18, 2020
Matador Brings Five Permian Delaware Wells Online, with 18 Wells and Gas Processing Slated for Q3 Completion

Matador Brings Five Permian Delaware Wells Online, with 18 Wells and Gas Processing Slated for Q3 Completion

Matador Resources Co. said Thursday it has brought five horizontal wells in the Permian Basin’s Delaware sub-basin into production, and it plans to bring 18 more wells and a natural gas processing plant online in the third quarter.

June 18, 2020
Natural Gas Futures Flat Following On-Target Storage Build, Ongoing Coronavirus Fallout

Natural Gas Futures Flat Following On-Target Storage Build, Ongoing Coronavirus Fallout

Natural gas futures traded in a narrow range of gains and losses Thursday and ultimately finished flat after traders absorbed a relatively bullish storage report that offset weather and demand uncertainty. The July Nymex contract settled at $1.638/MMBtu. August rose one-tenth of cent to $1.728.

June 18, 2020
California’s San Luis Obispo Policy of All-Electric Seen as Knock to Natural Gas

California’s San Luis Obispo Policy of All-Electric Seen as Knock to Natural Gas

Following a growing trend, the city council in San Luis Obispo along California’s central coast on Tuesday established a policy calling for all-electric new buildings that would take effect Sept. 1.

June 18, 2020