Chart Industries Inc. wrestled with inflationary pressures and operational challenges during the third quarter that weighed on results, but the company stressed that it continues to see “broad-based” demand for its products. Chart engineers and manufactures equipment, including systems to liquefy hydrocarbons, hydrogen and helium. Like other industrial companies, supply chain, labor and logistics challenges…
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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,…
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…
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…
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…
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…
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…
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…
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…
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…