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…
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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…
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.…
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…
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.…
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…
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…
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…
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…
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…