natural gas demand

Demand for natural gas is likely to prove strong for several more years, and the fuel should maintain its market share in the electricity mix despite a transition to renewable sources of power such as wind and solar, Raymond James & Associates Inc. analysts said. “We believe that gas-fired generation has room to grow on…

Click here to listen to the latest episode of NGI’s Hub & Flow podcast in which NGI Price & Markets Editor Leticia Gonzales is joined by the Energy Information Administration’s Stephen York, industry economist, to discuss the recent spike in natural gas prices. Tight supply/demand balances have lifted Henry Hub gas prices to around $4.00/MMBtu…

Global natural gas demand is forecast to recover and eclipse 2019 levels by the end this year, with liquefied natural gas (LNG) consumption set to climb in Asia, according to BP plc. The London-based integrated energy major delivered its second quarter results on Tuesday, offering a robust outlook for natural gas and oil, even as…

Electrification alone will be insufficient to decarbonize the energy sector, said speakers at the LDC Gas Forums Northeast event in late July. Enbridge Inc.’s Steve Elliott, director of business development, told the Boston conference that about 80% of the world’s energy is currently consumed as a molecule, with the remaining 20% consumed as an electron.…

The challenge of transporting natural gas to energy-hungry consumers in the Northeast is continuing to create opportunities and spur demand for small-scale applications and virtual pipeline services throughout the region. Despite the sharp uptick in gas production from the prolific Appalachian Basin over the last decade, pipeline constraints remain an issue in the Northeast, particularly…

New Fortress Energy Inc. (NFE) has reached an agreement for liquefied natural gas (LNG) supply through 2027 for most of its import terminals and power generation facilities. The company has nine import terminals in operation or under development in the Caribbean, Central America, Mexico and South America. It imports LNG in underserved markets where it’s…

Natural gas demand in Mexico stayed resilient through pandemic-ravaged 2020 compared to total energy demand, in line with trends seen globally, according to BP plc. Mexico’s natural gas consumption dipped only 1.9% year/year to 3.11 exajoules in 2020, while the country’s total primary energy consumption plunged 14.2% to 6.48 exajoules, according to BP’s Statistical Review…

The developers of the Freeport liquefied natural gas (LNG) export facility in Texas are targeting a mid-2022 final investment decision (FID) and a 2026 startup for the plant’s fourth train as customers indicate interest for long-term contracts. However, CEO Michael Smith told NGI last week that Freeport LNG will maintain a patient approach when it…

Natural gas futures on Wednesday dropped lower, following a decline the previous day, as traders mulled weather-driven demand, stagnated liquefied natural gas (LNG) levels, and the potential storage injection with the federal government’s pending report Thursday morning.   The August Nymex contract fell 4.1 cents day/day and settled at $3.596/MMBtu. September shed 3.4 cents to $3.574.…