natural gas demand

Freeport LNG Eyes 2022 to Sanction Fourth Train as Market Undergoes ‘Total Transformation’

Freeport LNG Eyes 2022 to Sanction Fourth Train as Market Undergoes ‘Total Transformation’

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…

July 9, 2021
August Natural Gas Futures Slump for Second Straight Day; Cash Prices Fall

August Natural Gas Futures Slump for Second Straight Day; Cash Prices Fall

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.…

July 7, 2021
IEA Forecasts Steady Growth in U.S. to Mexico Natural Gas Exports

IEA Forecasts Steady Growth in U.S. to Mexico Natural Gas Exports

Recently and soon-to-be completed infrastructure will allow natural gas imports to Mexico from the United States to grow by an estimated 10% over the 2020-2024 period, the International Energy Agency (IEA) said Monday. Gas flows via pipeline to Mexico swelled by 45% between 2016 and 2020, and rose 15% year/year during the first half of…

July 7, 2021
Global Natural Gas Benchmarks to Rise Through 2023 Amid Supply Deficit, Morgan Stanley Says

Global Natural Gas Benchmarks to Rise Through 2023 Amid Supply Deficit, Morgan Stanley Says

Morgan Stanley & Co. LLC has lifted its forecast for key natural gas benchmarks in Asia, North America and Europe amid surging demand, limited supply and low natural gas storage inventories across the world.  Morgan Stanley analysts led by Devin McDermott said global gas demand continues to “surprise to the upside,” particularly in China. Gas…

July 1, 2021
Mexico’s Cenagas Focuses on Natural Gas Storage in New Consulta Pública

Mexico’s Cenagas Focuses on Natural Gas Storage in New Consulta Pública

Mexico’s Centro Nacional de Control del Gas Natural (Cenagas) has launched its annual Consulta Pública process to assess natural gas demand in Mexico. The Consulta Pública, or public consultation process, runs through July 8 and is designed to measure actual and future gas demand in Mexico to help guide market and infrastructure development. Cenagas, which…

June 8, 2021
Mild Temps, Weaker Fundamentals Seen Keeping Pressure on Natural Gas Futures

Mild Temps, Weaker Fundamentals Seen Keeping Pressure on Natural Gas Futures

Natural gas futures retreated in early trading Wednesday amid forecasts for mild temperatures and lower weather-driven demand starting next week. The May Nymex contract was down 3.3 cents to $2.694/MMBtu at around 8:45 a.m. ET. The latest 15-day forecast from Bespoke Weather Services remained essentially unchanged early Wednesday, albeit with a slight change in the…

April 21, 2021
Tellurian ‘Adapts’ Driftwood LNG Plans on Heels of Covid-19

Tellurian ‘Adapts’ Driftwood LNG Plans on Heels of Covid-19

Tellurian Inc. could begin construction on certain elements of its Driftwood liquefied natural gas (LNG) facility in Louisiana as early as this summer, CEO Octávio Simões said recently. “We’re aiming to start construction of the owner obligation costs this summer,” Simões told NGI. Those owner obligations are not covered by the company’s engineering, procurement and…

April 9, 2021
As Balances Loosen and Weather Forecasts Shift Warmer, Natural Gas Futures Continue Struggle

As Balances Loosen and Weather Forecasts Shift Warmer, Natural Gas Futures Continue Struggle

Signs of spring point to lighter demand Traders continue to weigh anemic storage pulls Production recovers faster than demand from Texas storm The hangover of another anemic government inventory assessment weighed down natural gas futures on Friday. The April Nymex contract fell 6.8 cents day/day and settled at $2.600/MMBtu. It marked the seventh time in…

March 15, 2021
Industrial Sector Seen Driving Most U.S. Natural Gas Demand in Coming Years

Industrial Sector Seen Driving Most U.S. Natural Gas Demand in Coming Years

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…

February 17, 2021
Touch of Warmth in Forecasts Gives Natural Gas Bears ‘Ammunition’ in Price Pullback; Cash Mixed

Touch of Warmth in Forecasts Gives Natural Gas Bears ‘Ammunition’ in Price Pullback; Cash Mixed

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…

February 9, 2021