natural gas demand

LNG, Mexico Exports Driving South Texas Natural Gas Demand Growth

LNG, Mexico Exports Driving South Texas Natural Gas Demand Growth

LNG and Mexico exports are expected to underpin U.S. natural gas demand growth over the coming years, with the Agua Dulce hub in South Texas playing a critical supply role. In turn, both markets are building out infrastructure to ensure access to molecules and capacity in an increasingly competitive and globalized gas market. “Feed gas…

January 9, 2024
Resilient Economy, Potential for Interest Rate Cuts Could Power Industrial Natural Gas Demand, Support Prices

Resilient Economy, Potential for Interest Rate Cuts Could Power Industrial Natural Gas Demand, Support Prices

For all the talk about weak weather-driven demand in 2023, a buoyant U.S. economy may complement mounting global energy needs and provide a key pillar of strength for natural gas markets in the form of steady industrial demand in the new year. Over much of 2023, elevated inflation and the Federal Reserve’s (Fed) aggressive interest…

December 19, 2023
‘Stronger Desire’ by Customers to Lock in Long-Term LNG Contracts, Says ExxonMobil CEO

‘Stronger Desire’ by Customers to Lock in Long-Term LNG Contracts, Says ExxonMobil CEO

Natural gas demand has not slowed, and that’s helping to grease the skids for export contracts, ExxonMobil CEO Darren Woods said Wednesday. During a webcast to discuss capital spending and projected plans, Woods was asked about the company’s opportunities in the global LNG export market. The integrated major is a partner in several big gas…

December 6, 2023
Cautious Optimism in Mexico’s Natural Gas Market as Imports Continue to Rise – Listen Now to NGI’s Hub & Flow

Cautious Optimism in Mexico’s Natural Gas Market as Imports Continue to Rise – Listen Now to NGI’s Hub & Flow

Click here to listen to the latest episode of NGI’s Hub & Flow. NGI editors Christopher Lenton and Andrew Baker discuss their takeaways from the recent U.S.-Mexico Natural Gas Forum in San Antonio, TX. Mexico’s demand for U.S. natural gas continues to climb, driven primarily by the power sector. LNG export terminals and the expected…

December 5, 2023
Natural Gas Futures, Cash Prices Fall Again As Warm Weather Douses Demand; SoCal Citygate Swings

Natural Gas Futures, Cash Prices Fall Again As Warm Weather Douses Demand; SoCal Citygate Swings

Natural gas futures stumbled for a second session Tuesday as warm November forecasts kept hopes of higher winter heating demand at bay. The December Nymex natural gas futures contract fell 12.4 cents day/day to settle at $3.140/MMBtu. January fell 10.1 cents to $3.463. At A Glance: Prompt month sheds 12.4 cents Cash prices slide for…

November 7, 2023
Antero Sees LNG, Power Burn and Muted Production Growth Boosting Natural Gas Prices

Antero Sees LNG, Power Burn and Muted Production Growth Boosting Natural Gas Prices

The management team of Antero Resources Corp. expects a slew of demand and supply side factors to align in a bullish pattern for U.S. natural gas prices over the next year. CEO Paul Rady outlined his reasoning upon announcing third quarter earnings for the Appalachian Basin pure-play. “On the macro front, we see natural gas…

November 1, 2023
Natural Gas Futures Prices Rebound into Rally Mode as Northern Cold Blast Endures

Natural Gas Futures Prices Rebound into Rally Mode as Northern Cold Blast Endures

Natural gas futures rallied on Tuesday, marking a stark reversal from the start of the week, as both LNG and near-term domestic-weather demand held strong and production ticked lower. At A Glance: Output below 102 Bcf/d Weather outlook mixed LNG calls holding strong Coming off a 13.1-loss on Monday – its first day as the…

October 31, 2023
EU Regulator Calls for Natural Gas Demand Cuts Over ‘Subsidizing’ LNG

EU Regulator Calls for Natural Gas Demand Cuts Over ‘Subsidizing’ LNG

The European Union’s (EU) energy regulatory agency has recommended bloc members continue reducing natural gas consumption in the short-term and prioritize energy projects that cut future demand. Since European natural gas prices rose to peak levels last summer, the region’s supply and demand balance has found an uneasy equilibrium thanks to demand reduction policies and…

October 25, 2023
Europe’s Natural Gas Crisis Seen ‘Accelerating’ Demand Decline Through 2026

Europe’s Natural Gas Crisis Seen ‘Accelerating’ Demand Decline Through 2026

Global natural gas consumption is expected to continue increasing through the decade but, as the war in Ukraine continues to impact mature gas markets, International Energy Agency (IEA) researchers see a shift in the demand outlook. In the IEA’s latest Medium-Term Gas Report, researchers said volatility sparked at the beginning of war last year has…

October 19, 2023
Kinder Morgan Projecting 20 Bcf/d of U.S. Natural Gas Demand Growth by 2028

Kinder Morgan Projecting 20 Bcf/d of U.S. Natural Gas Demand Growth by 2028

Kinder Morgan Inc. (KMI) is forecasting U.S. natural gas demand to grow by about 20 Bcf/d or 20% between 2023 and 2028 to roughly 121 Bcf/d, Executive Chairman Rich Kinder said Wednesday. “We expect 13.5 Bcf/d of that growth to come from LNG and Mexico exports, with moderate growth in the power, residential and commercial…

July 20, 2023