natural gas demand

Vitol Sees LNG Trading Growth as Market ‘Realignment’ Boosts Energy Security Needs

Vitol Sees LNG Trading Growth as Market ‘Realignment’ Boosts Energy Security Needs

Vitol Inc. reported its natural gas and LNG business segments continued to expand in 2023 despite relatively lower global prices last year. Since Russia’s 2022 invasion of Ukraine, trading houses and energy majors have seen record volumes and profits from natural gas, particularly liquefied natural gas, as Europe moved to replace lost Russian volumes. More…

March 27, 2024
Natural Gas, Advanced Technology Essential for Successful Transition to Low Carbon, Say Execs

Natural Gas, Advanced Technology Essential for Successful Transition to Low Carbon, Say Execs

The call to cut the carbon from natural gas and oil, versus eliminating fossil fuels from the energy mix, is gaining supporters, as top energy executives in Houston this week pushed for stakeholders to acknowledge that global demand is growing, while a renewables-only future is unattainable in the near term. In the unofficial energy capital…

March 20, 2024
Freeport LNG Confirms More Maintenance, Possible Outages On Two Trains Until May

Freeport LNG Confirms More Maintenance, Possible Outages On Two Trains Until May

Two of Freeport LNG’s trains at its Texas export facility could be offline intermittently through at least May, the company confirmed Wednesday, after the end of months-long maintenance on Train 3 last week. Feed gas demand and liquefied natural gas production capacity at Freeport has been limited since January after the company disclosed freezing cold…

March 20, 2024
With Enduring Economic Vigor, Industrial Natural Gas Demand Proves Pocket of Strength

With Enduring Economic Vigor, Industrial Natural Gas Demand Proves Pocket of Strength

Unlike home heating demand amid one of the mildest winters on record, industrial consumption of natural gas is holding relatively steady due to ongoing robust economic activity and energy needs in the U.S. manufacturing sector. Industrial gas demand averaged 24.0 Bcf/d over the 30-day period through last week, according to Wood Mackenzie data. That was…

March 20, 2024
U.S. Utilities, Industrials Seen Offsetting Gas-Fired Electric Generation Retirements

U.S. Utilities, Industrials Seen Offsetting Gas-Fired Electric Generation Retirements

Natural gas-fired generation is forecast for roughly a 100 MW net increase this year as overall electric power plant retirements decrease to 5.2 GW, the lowest level in more than a decade, according to the U.S. Energy Information Administration (EIA).  While gas-fired capacity is slated to make up the largest share (46%) of electric generation…

February 22, 2024
U.S. Utilities Expanding Infrastructure, LNG Storage Amid Surge in Energy Demand

U.S. Utilities Expanding Infrastructure, LNG Storage Amid Surge in Energy Demand

U.S. utilities are reporting growth in residential demand, as well as commercial and industrial (C&I) consumption, underpinning investments in more natural gas-fired generation and system reliability.  Atmos Energy Inc. CEO John Akers during a call to discuss the fiscal first quarter earnings  highlighted capital expenditures (capex) for modernizing its natural gas distribution system to serve…

February 20, 2024
Loveless Day for Natural Gas Futures as March Tanks Amid Heartless Fundamentals

Loveless Day for Natural Gas Futures as March Tanks Amid Heartless Fundamentals

March Nymex natural gas futures sank another 8.0 cents as the market searched for a low that would coax producers to trim output amid dashed hopes for enough cold weather to tighten supplies ahead of the shoulder season. At A Glance: March futures crumble 8.0 cents No demand support from weather Producer signals strong output…

February 14, 2024
Natural Gas Futures Continue to Search for Bottom, Cash Prices Mostly Down 

Natural Gas Futures Continue to Search for Bottom, Cash Prices Mostly Down 

March Nymex natural gas futures searched for a bottom but had more downside on Tuesday, sinking another 7.9 cents, strangled by a healthy supply of natural gas and no significant demand for it. At A Glance: Futures sink 7.9 cents More downside expected Cash markets retreat The prompt-month contract settled at $1.689/MMBtu, off the $1.654…

February 13, 2024
Resilient Economy and Baseline Demand Provide Floor, Upside Potential for Natural Gas Prices

Resilient Economy and Baseline Demand Provide Floor, Upside Potential for Natural Gas Prices

Aside from a brief Arctic chill that temporarily sent heating demand soaring in mid-January, weather this winter has largely disappointed natural gas price bulls. Near-record production that kept supply well above average levels compounded matters. The March natural gas futures contract on Tuesday settled at $2.009/MMBtu, down 7.3 cents on the day. The prompt month…

February 7, 2024
Natural Gas Demand Gains to Outpace Supply Growth in 2025 as Exports Rise, EIA Says

Natural Gas Demand Gains to Outpace Supply Growth in 2025 as Exports Rise, EIA Says

Henry Hub natural gas spot prices will average $2.60-2.70/MMBtu in 2024 before climbing further next year amid higher LNG exports and slowing production growth, the U.S. Energy Information Administration (EIA) said Tuesday. In its latest monthly Short-Term Energy Outlook (STEO), EIA called for a 2025 average Henry Hub natural gas spot price of $2.95. The…

January 9, 2024