natural gas demand

From 2020 to 2050, industrial use will make up more than 75% of natural gas demand growth as prices remain low versus historical levels over the next 30 years, according to the U.S. Energy Information Administration (EIA). As economic growth figures to drive U.S. industrial output, the industrial sector is expected to grow annual natural…

After hinting at some weakness earlier in the week, natural gas futures moved decidedly lower on Tuesday as traders realized they may have given Punxsutawney Phil a little too much credit. With the brutal cold circulating through the Lower 48 seen fading before month’s end and a more seasonal pattern in store thereafter, the March…

Mexico natural gas prices in December hit their highest level in 22 months, averaging $3.64/MMBtu, according to the latest IPGN monthly natural gas price index published by the Comisión Reguladora de Energía (CRE). CRE used 311 transactions reported by 30 marketers to calculate the December index, the highest number of companies ever to report transactions…

Editor’s Note: NGI’s Mexico Gas Price Index, a leader tracking Mexico natural gas market reform, is offering the following column by Eduardo Prud’homme as part of a regular series on understanding this process. Prud’homme was central to the development of Cenagas, the nation’s natural gas pipeline operator, an entity formed in 2015 as part of…

Fresh off a record-setting Nor’easter that dumped more snow along the upper East Coast than all the snowstorms in 2019 combined, natural gas forward prices finally snapped a three-week losing streak. January prices jumped 22.0 cents on average between Dec. 10 and 16, while the balance of winter (January-March) climbed 18.0 cents, according to NGI’s…

Leading natural gas marketers posted flat sales volumes in 3Q2020, snapping a streak of five consecutive quarters of year/year declines, according to NGI’s Top North American Natural Gas Marketer rankings. The 25 gas marketers participating in the latest quarterly survey reported combined sales transactions of 117.42 Bcf/d in 3Q2020. The 24 gas marketers covered in…

California’s use of natural gas during the winter months doesn’t experience quite the dramatic ramp-up it does during the summer, but it experiences multiple peaks and valleys as it balances changes in electricity demand, according to data from the Energy Information Administration (EIA). EIA said natural gas use during the winter goes through two cycles…

Energy is set to be a sticky issue in the new Mexico-United States relationship under U.S. President-elect Joseph R. Biden Jr. Moves by Mexican President Andrés Manuel López Obrador that favor public sector companies Comision Federal de Electricidad (CFE) and Petróleos Mexicanos (Pemex) over private sector entities have caused considerable concern to U.S. investors in…

Regional heating demand is expected to heighten along with colder temperatures in the Mountain West and snow over the Northern Plains this week, helping to counter warmth elsewhere across the Lower 48 and fueling a long-awaited rally on Tuesday in natural gas futures. Over the prior six trading sessions, the prompt month shed nearly 50…