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Expected February Warm-Up Limits Price Gains for Nymex Natural Gas Futures; Cash Surges

Expected February Warm-Up Limits Price Gains for Nymex Natural Gas Futures; Cash Surges

Natural gas futures were sluggish to start the week as weather models came into agreement in showing a lack of continued frigid weather into early February. Though production remains off recent highs and export demand continues to be near record levels, the February Nymex gas futures contract on Monday settled at $4.027/MMBtu, up only 2.8…

January 24, 2022
Latin America Playing ‘Disruptive’ Role in Global LNG Market on Drought-Driven Demand Swings

Latin America Playing ‘Disruptive’ Role in Global LNG Market on Drought-Driven Demand Swings

Although headlines on current tightness in the global natural gas market have mostly focused on Europe, Latin America has played a role in the crisis as well, according to Columbia University’s Luisa Palacios. Palacios, a senior research scholar at Columbia’s Center on Global Energy Policy, spoke to NGI’s senior Mexico and Latin America editor Christopher…

January 24, 2022
U.S. Natural Gas Prices Forecast to Hold Steady in 2022, with LNG Exports Likely Facing More Volatility

U.S. Natural Gas Prices Forecast to Hold Steady in 2022, with LNG Exports Likely Facing More Volatility

Attempting to predict the direction of natural gas prices is much like predicting the weather. A week out, the weather forecaster or gas price prognosticator might hit the number on the nose. Two weeks out, a Winter Storm Uri look-alike could plunge temperatures below freezing with 24 hours’ notice, and gas prices could jump to record highs.

January 21, 2022
Corpus Christi Port in South Texas Sails to Fresh Records as LNG Exports Surge 81% in 2021

Corpus Christi Port in South Texas Sails to Fresh Records as LNG Exports Surge 81% in 2021

Liquefied natural gas (LNG) exports drove another record year for the Port of Corpus Christi, with the South Texas gateway ending 2021 with record tonnage. The port saw an 81.2% year/year increase in LNG shipments, while crude oil exports averaged a record 1.76 million b/d in 2021, a slight increase over its 2020 record performance.…

January 21, 2022
Global Oil, Natural Gas Investments Seen Rising 4% in 2022

Global Oil, Natural Gas Investments Seen Rising 4% in 2022

Global oil and gas investment is expected to grow by $26 billion this year as the industry continues to recover from the worst of the coronavirus, according to new analysis from Rystad Energy. Overall oil and gas investment is forecast to climb by 4% to $628 billion this year from $602 billion in 2021. “The…

January 11, 2022
Fault Lines Emerging in EU Plan to Label Natural Gas, Nuclear as Green Investments

Fault Lines Emerging in EU Plan to Label Natural Gas, Nuclear as Green Investments

New natural gas and nuclear energy projects could be classified as “green” investments to help the European Union (EU) reach its net-zero emissions target by 2050, according to a draft proposal by the European Commission (EC) published this month. Regulations proposed under the EC’s taxonomy draft, part of a set of policy initiatives called the…

January 10, 2022
Fueled by Vaca Muerta, Argentina Oil, Natural Gas Production Riding Hot Streak

Fueled by Vaca Muerta, Argentina Oil, Natural Gas Production Riding Hot Streak

Argentina continues to ramp up its oil and gas production amid high prices and a push from the government to increase output. November oil production was up 15% year/year to 557,000 b/d, the highest monthly figure in nine years, Energy Secretary Darío Martínez said recently. The improvement is mainly because of the Vaca Muerta formation…

December 27, 2021
Focus Turning to Early January Cold as Natural Gas Futures Rally

Focus Turning to Early January Cold as Natural Gas Futures Rally

With the latest weather model runs continuing to advertise a shift to frigid temperatures to start the new year, natural gas futures climbed in early trading Wednesday. The January Nymex contract was up 14.2 cents to $4.011/MMBtu at around 8:55 a.m. ET. The latest data from the American and European weather models continued to show…

December 22, 2021
Five Mexico Natural Gas Projects to Watch in 2022

Five Mexico Natural Gas Projects to Watch in 2022

Although investment in Mexico’s energy sector has slowed, the country’s demand for U.S. natural gas continues to rise, and its gas infrastructure continues to grow, albeit in fits and starts. NGI’s Mexico GPI has compiled a list of five pending projects to watch in 2022:

December 20, 2021
Late December Pattern ‘Disappointing’ in Latest Forecasts as Natural Gas Slides Early

Late December Pattern ‘Disappointing’ in Latest Forecasts as Natural Gas Slides Early

As overnight forecasts fueled uncertainty over how much cold air will find its way into the Lower 48 late this month, natural gas futures skidded lower in early trading Tuesday. The January Nymex contract was down 6.5 cents to $3.729/MMBtu at around 8:50 a.m. ET. The weather data produced a mix of trends overnight, including…

December 14, 2021
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