Exports

Huge natural gas forward basis moves continued for pipeline capacity-starved New England, but hefty premiums also shifted further west during the short Nov. 17-21 period, NGI’s Forward Look data showed. With several inches of snow falling and a stormy outlook ahead, the Rockies and Pacific Northwest posted sharply higher forward prices. Northwest Sumas December basis…

Consumption in the domestic electric and residential sectors fell in 2021, but record LNG exports drove growth in net natural gas disposition, according to the U.S. Energy Information Administration (EIA).  Natural gas demand, net liquefied natural gas exports and net storage grew by 3.6% last year compared with 2020, when the Covid-19 pandemic swept across…

FERC is projecting elevated U.S. natural gas prices for the 2022-2023 winter, despite mild weather forecasts for most of the country and steadily rising domestic production. “Natural gas prices for the upcoming winter are expected to remain higher than recent years at major trading hubs across the U.S.,” Federal Energy Regulatory Commission staff said in…

Moderating prices and favorable storage data do not tell the whole story of Europe’s natural gas status heading into winter, International Energy Agency (EIA) Executive Director Fatih Birol said, citing Russia and fallout from its protracted war in Ukraine. Following recent meetings with European leaders – including Czech Prime Minister Petr Fiala, Finnish Prime Minister…

Mexico is unlikely to substantially increase its natural gas production over the next five to six years, according to upstream regulator Comisión Nacional de Hidrocarburos (CNH). In its latest “prospectiva” or outlook for oil and natural gas output, the regulator modeled high, low and medium production growth scenarios for each hydrocarbon. The high case scenario…

The extended closure of the Nord Stream 1 pipeline from Russia to Germany caused a major rise in TTF prices on Monday and a similar reaction for East Asian spot LNG prices.

U.S. LNG producers have had the busiest year signing up new customers since before exports began from the Lower 48 in 2016, but additional pipeline capacity and natural gas production will be needed to send more of the super-chilled fuel overseas. While the United States easily has the world’s largest backlog of near-shovel-ready liquefied natural…

A confluence of entrenched domestic demand, mounting calls for U.S. exports of LNG and modest production growth – all factors forecast to endure – propelled natural gas futures above $9.00/MMBtu in August and could keep upward pressure on prices for years. Such was the assessment of analysts who spoke Tuesday at the LDC Gas Forum…

Australia should divert LNG exports to meet a domestic gas supply shortfall on the east coast next year, the Australia Competition and Consumer Commission (ACCC) said in its latest  report. Australia’s east coast gas market is expected to have a shortage of 56 petajoules (PJ) next year, or about 10% of domestic demand, according to…