Exports

Natural gas futures on Wednesday soared past $9.000/MMBtu for the first time since 2008 amid worries that fragile supplies may prove inadequate to meet summer cooling demand and robust calls for U.S. exports. At A Glance: Futures fly ahead of June’s expiry LNG export demand intensifies Spring production struggles fester Traders through most of the…

Escalating supply concerns ahead of the summer – forecast to be hotter than usual – appear to be driving huge increases for June baseload natural gas prices, according to NGI’s Bidweek Alert (BWA). After late-season blasts of wintry air hampered production in April, producers are struggling to grow output beyond the recent low to mid-90…

Natural gas futures see-sawed in a narrow range of gains and losses through much of trading Wednesday, but the prompt month ultimately climbed for a third consecutive day as demand looked to outstrip supply. At A Glance: Maintenance further curbs output LNG volumes muster momentum Hot weather drives steady demand The June Nymex gas futures…

Oklahoma City-based Devon Energy Corp. reported steady growth in the first quarter, especially from its Permian Basin assets. However, the company is holding firm to its “value over volume” approach, choosing to maintain its production and capital investment levels. Despite heightened global oil and gas prices because of the Russian invasion of Ukraine and calls…

U.S. liquefied natural gas (LNG) producers, riding a wave of heightened demand, pushed the limits of nameplate capacity last year to set an export record. According to updated data by the Energy Information Administration (EIA), domestic export terminals sent an average of 9.7 Bcf/d of the super-chilled gas abroad last year. It was a 50%…

Russian natural gas could increasingly find a home in China as the countries have strengthened ties in a way that could undermine some of the West’s economic sanctions and lessen the blow of Europe’s move away from imports..  “China is in a difficult position,” geopolitics energy specialist Marco Giuli of the Brussels School of Governance…

U.S. natural gas exports are likely to continue growing through at least 2050, according to updated long-term forecasting from the Energy Information Administration (EIA). In its Annual Energy Outlook (AEO) 2022 report, published Thursday, the agency said it sees liquefied natural gas (LNG) and pipeline exports to Mexico both contributing to the increase in the…

Ukraine’s transmission system operator (GTSOU) said Thursday natural gas exports from the country would be halted to conserve domestic supplies as fighting with Russia raged on, casting another specter over Europe’s energy markets. The decision does not impact international transit, meaning Russian gas supplies moving through Ukraine toward Europe would be allowed to continue. Market…

Rising exports and rebounding industrial activity are likely to drive U.S. natural gas demand through 2022,  according to analysts who presented during a webinar hosted Tuesday by Natural Gas Intelligence (NGI) and Independent Commodity Intelligence Services (ICIS). Liquefied natural gas (LNG) exports to Europe and Asia, along with pipeline exports to Mexico, are on track…