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Argentina Natural Gas Production Falls 9.2% in May

Argentina Natural Gas Production Falls 9.2% in May

Natural gas production in Argentina decreased by 9.2% year/year in May to 124.4 million cubic meters/day (MMm3/d), or 4.39 Bcf/d, according to the latest report by the IAE Argentine Energy Institute. Analysts blamed the movement restrictions in place because of Covid-19 leading to lower activity and reduced demand. Argentina has had one of the strictest…

July 21, 2020
Imbalance Concerns Stall August Natural Gas Futures

Imbalance Concerns Stall August Natural Gas Futures

Worry about coronavirus fallout and weak liquefied natural gas exports weighed on markets Friday The potential for premature production increases permeated markets Forecasters continue to call for above-normal July heat and strong cooling demand Persistent concerns about coronavirus fallout, weak liquefied natural gas (LNG) exports and potentially premature production increases weighed on markets Friday, outshining…

July 20, 2020
August Natural Gas Futures Fail to Find Footing amid Sustained Heat, Containment Concerns

August Natural Gas Futures Fail to Find Footing amid Sustained Heat, Containment Concerns

Persistent concerns about coronavirus fallout, weak liquefied natural gas (LNG) exports and potentially premature production increases weighed on markets Friday, outshining optimism about strong cooling demand. The August Nymex contract fell a half-cent day/day and settled at $1.718/MMBtu. September fell 1.1 cents to $1.765. NGI’s Spot Gas National Avg. rose a half-cent to at $1.685.…

July 17, 2020
LNG Weakness Offsets Bullish Storage Report, Pushes Down August Natural Gas Futures

LNG Weakness Offsets Bullish Storage Report, Pushes Down August Natural Gas Futures

A coronavirus resurgence and the potential for it to keep liquefied natural gas exports at depressed levels weighed on markets The U.S. Energy Information Administration reported an injection of 45 Bcf, below the average estimates of major polls Spot prices advanced amid continued strong summer heat A favorable storage report was overshadowed on Thursday by…

July 17, 2020
Under Shadow of Coronavirus, LNG Woes Weigh Down August Natural Gas Futures Despite Positive Storage Report

Under Shadow of Coronavirus, LNG Woes Weigh Down August Natural Gas Futures Despite Positive Storage Report

A favorable storage report was overshadowed on Thursday by a coronavirus resurgence and its potential to keep liquefied natural gas (LNG) exports at depressed levels. The August Nymex contract lost 5.5 cents day/day and settled at $1.723/MMBtu. September fell 4.2 cents to $1.776. NGI’s Spot Gas National Avg. advanced 1.0 cents to $1.680. The U.S.…

July 16, 2020
Natural Gas Futures Edge Up Amid Expectations for Bullish Storage Report

Natural Gas Futures Edge Up Amid Expectations for Bullish Storage Report

BREAKING: U.S. EIA reports an injection of 45 Bcf into storage for the week ending July 10 Liquefied natural gas remains an area of weakness as the coronavirus pandemic extends deep into the summer But natural gas pipeline exports to Mexico are a relative bright spot, hitting daily record levels Natural gas futures advanced Wednesday…

July 16, 2020
Nearly In-Line Storage Injection Nudges July Natural Gas Futures Higher

Nearly In-Line Storage Injection Nudges July Natural Gas Futures Higher

The U.S. Energy Information Administration (EIA) reported an injection of 45 Bcf into storage for the week ending July 10, a print that reflected intense heat and robust cooling demand. The result pushed up Nymex natural gas futures, though early gains were modest amid lingering concerns about weak liquefied natural gas (LNG) demand. The build…

July 16, 2020
Trump Administration’s NEPA Update to Limit Federal Infrastructure Review for Natural Gas, Oil Pipelines and More

Trump Administration’s NEPA Update to Limit Federal Infrastructure Review for Natural Gas, Oil Pipelines and More

The White House’s Council on Environmental Quality (CEQ) on Wednesday announced a final rule updating the National Environmental Policy Act (NEPA) regulations, a controversial move designed to limit reviews of proposed infrastructure projects, including natural gas and oil pipelines. The final rule would modernize environmental reviews, streamline infrastructure approvals and “reverse years of burdensome overregulation…

July 16, 2020
NextDecade’s Proposed South Texas LNG Project Smaller, Less Polluting

NextDecade’s Proposed South Texas LNG Project Smaller, Less Polluting

In a win-win for NextDecade Corp., the technology adopted by the developer for its proposed Rio Grande liquefied natural gas (RGLNG) project in South Texas is to be capable of producing more super-chilled fuel with lower emissions. With the technology, the footprint of the 27 million metric tons/year project would be reduced to five production…

July 15, 2020
Ongoing Heat Expectations Offset Virus Concerns, Prop Up August Natural Gas Futures

Ongoing Heat Expectations Offset Virus Concerns, Prop Up August Natural Gas Futures

Forecasts for above-normal temperatures and strong cooling demand through July nudged natural gas futures higher Bespoke Weather Services continues to view this month as on pace to edge out July 2011 as the hottest July on record Weak liquefied natural gas exports remain a drag  Ongoing expectations for above-normal temperatures and strong cooling demand through…

July 15, 2020