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Global Energy Crunch, LNG  & The Rise of RSG — Listen Now to NGI’s Hub & Flow

Global Energy Crunch, LNG & The Rise of RSG — Listen Now to NGI’s Hub & Flow

Click here to listen to the latest episode of NGI’s Hub & Flow podcast in which NGI’s Patrick Rau, director of Strategy and Research, breaks down what to expect during the oil and natural gas industry’s 3Q2021 earnings calls, which are taking place during a turbulent and chaotic time. Amid a global energy supply crunch,…

October 15, 2021
Mild Temps to ‘Gradually Increase Headwinds’ for NatGas Prices as Futures Called Near Even

Mild Temps to ‘Gradually Increase Headwinds’ for NatGas Prices as Futures Called Near Even

Natural gas futures hovered close to even early Wednesday as forecasts showing sustained mild temperatures put downward pressure on prices. The November Nymex contract was off 1.5 cents to $5.490/MMBtu at around 8:45 a.m. ET. Updated forecasts early Wednesday continued to look bearish even with “some minor gains” in expected demand that would periodically bring…

October 13, 2021
LNG Growth Said Creating Competitive Global Natural Gas Markets

LNG Growth Said Creating Competitive Global Natural Gas Markets

Turbulence in natural gas pricing facing buyers across the globe is not a sign of an energy system breakdown but rather is a part of the ongoing creation of competitive markets, according to Carina Energy Consulting’s Sam Andrus.  A veteran trader and analyst with decades of experience in the natural gas business, Andrus spoke on…

October 12, 2021
Bearish Domestic Fundamentals Keeping Pressure on Natural Gas Futures Early

Bearish Domestic Fundamentals Keeping Pressure on Natural Gas Futures Early

Natural gas futures extended their losses in early trading Tuesday, with prices skidding double digits amid a bearish outlook for October fundamentals. After stumbling 22.0 cents in the previous session, the November Nymex contract was down another 13.7 cents to $5.208/MMBtu at around 8:45 a.m. ET. The European and American weather models both lost degree…

October 12, 2021
Global Natural Gas Thirst Unlikely to be Satiated by U.S. Production

Global Natural Gas Thirst Unlikely to be Satiated by U.S. Production

The global natural gas squeeze has been festering, but U.S. cargoes to overseas markets are unlikely to save the day as winter draws near, according to a group of industry experts. In a series of webinars hosted last week by Raymond James & Associates Inc., executives offered their views on the risks facing the gas…

October 11, 2021
BC Reaches Deal to Compensate Blueberry First Nations, Preserve Natural Gas Projects

BC Reaches Deal to Compensate Blueberry First Nations, Preserve Natural Gas Projects

Compensation payments of C$65 million ($52 million) will save 195 shale gas and forestry projects affected by a June 29 Indigenous rights court verdict in northern British Columbia (BC), in an agreement between the tribal case winner and the provincial government. To salvage projects approved before the verdict, the deal announced Thursday (Oct. 7) commits…

October 11, 2021
Volatile Natural Gas Futures Pare Gains Early as Euro Prices Seen Influencing Henry Hub

Volatile Natural Gas Futures Pare Gains Early as Euro Prices Seen Influencing Henry Hub

In another show of volatility, natural gas futures pared their recent gains in early trading Wednesday, slashing double digits off of the previous session’s rally as analysts continued to note an exceptionally mild October forecast. After soaring 54.6 cents higher in Tuesday’s session, the November Nymex contract was down 17.7 cents to $6.135/MMBtu at around…

October 6, 2021
Stonepeak Expanding Natural Gas Reach by Taking Teekay LNG Private in $6.2B Deal

Stonepeak Expanding Natural Gas Reach by Taking Teekay LNG Private in $6.2B Deal

Private investment firm Stonepeak Infrastructure Partners is expanding its reach in the liquefied natural gas (LNG) shipping space with the takeover of Teekay LNG in a transaction valued at $6.2 billion. The deal announced Monday would give New York-based Stonepeak access to the third-largest LNG carrier fleet in the world. Teekay owns or has stakes…

October 4, 2021
Argentina Bets on Natural Gas in Hydrocarbons Bill as Vaca Muerta Comes to Life

Argentina Bets on Natural Gas in Hydrocarbons Bill as Vaca Muerta Comes to Life

Argentina’s government has sent a bill to its congress to support the exploration and production of hydrocarbons in Argentina over the next 20 years. One of the key elements of the bill is that the “process of energy transition involves primarily the general adoption of natural gas in the energy matrix.” The bill includes price…

October 1, 2021
October Natural Gas Futures Skyrocket Ahead of Expiration, Reach New 2021 High

October Natural Gas Futures Skyrocket Ahead of Expiration, Reach New 2021 High

Natural gas futures sailed higher on Monday, rallying for a third straight session ahead of prompt month expiration and amid a potential global energy supply crunch. The October Nymex contract spiked 56.6 cents day/day and settled at $5.706/MMBtu. October rolls off the board as the prompt month at the close of trading Tuesday. November jumped…

September 27, 2021
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