natural gas

Natural Gas Futures Dip Lower After Modest Shift in Weather Forecasts

Natural Gas Futures Dip Lower After Modest Shift in Weather Forecasts

Natural gas futures pulled back Tuesday after mid-range heat forecasts eased slightly and a new outlook called for record production on the horizon, ending a rally that had been fueled by sizzling summer heat. The August Nymex gas futures contract settled at $7.264/MMBtu, down 21.5 cents day/day. September fell 23.2 cents to $7.150. The prompt…

July 20, 2022
Mexico’s Energy Ministry to Appeal Judge’s Decision Halting Natural Gas Rule Change

Mexico’s Energy Ministry to Appeal Judge’s Decision Halting Natural Gas Rule Change

Mexico’s Energy Ministry Sener has announced it will appeal the decision by a district judge that pauses a proposed change to the rules of the game in Mexico’s natural gas market. The changes pushed by Sener would mean that all users of the natural gas pipeline network Sistrangas would have to use imported gas sourced…

July 19, 2022
‘Super-Hot’ Weather Pattern Spurs on Natural Gas Futures Rally

‘Super-Hot’ Weather Pattern Spurs on Natural Gas Futures Rally

Natural gas futures flew higher on Monday, building on the prior week’s gains, as soaring temperatures baked much of the Lower 48 and forecasts called for heat waves to fester through July and into next month. The August Nymex contract jumped 46.3 cents day/day and settled at $7.479. September gained 45.6 cents to $7.382. The…

July 19, 2022
Natural Gas Futures Forge Ahead on Forecasts for Robust Demand Through August

Natural Gas Futures Forge Ahead on Forecasts for Robust Demand Through August

Natural gas futures found fresh footing Friday amid lingering supply questions and elevated cooling demand, ending a topsy-turvy week in the green. The August Nymex gas futures contract settled at $7.016/MMBtu, up 41.6 cents day/day. September rose 41.5 cents to $6.926. At A Glance: Forecasts call for lofty Lower 48 temps European heat wave adds…

July 15, 2022
COLUMN: Law Favors Marketers Unwilling to Accept Mexico Natural Gas Transport Terms

COLUMN: Law Favors Marketers Unwilling to Accept Mexico Natural Gas Transport Terms

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. A few weeks after Mexican Energy Minister Sener announced its strategy for optimizing capacity on the Sistrangas natural gas pipeline network, the…

July 15, 2022
Natural Gas Futures See-Saw Amid Mixed Supply/Demand Outlook

Natural Gas Futures See-Saw Amid Mixed Supply/Demand Outlook

With supply challenges enduring and cooling demand mounting, traders initially shrugged off a modestly bearish government inventory report and drove up natural gas futures much of Thursday. The August Nymex gas futures contract ultimately fizzled in afternoon trading, though, dipping 8.9 cents day/day to settle at $6.600/MMBtu. September fell 7.8 cents to $6.511. NGI’s Spot…

July 15, 2022
Argentina Takes Step Forward in Key Vaca Muerta Infrastructure Project

Argentina Takes Step Forward in Key Vaca Muerta Infrastructure Project

Argentine officials have unveiled the companies vying for the right to construct the 24 MMm3/d Néstor Kirchner pipeline natural gas pipeline. The companies that presented bids were Btu SA, Esuco SA, Transportadora de Gas del Sur SA, and two consortia: Techint SA-Sacde SA and Contreras Hermanos SA-Víctor Contreras SA. If the offers qualify, economic bids…

July 15, 2022
DC Set to Raise Bar for Natural Gas with Proposed Ban in New Construction

DC Set to Raise Bar for Natural Gas with Proposed Ban in New Construction

Joining other major municipalities across the country, the Washington, DC, City Council has unanimously voted to ban the use of fossil fuels, including natural gas, in new construction by the end of 2026.  Bill 24-420 (B24-420), aka the Clean Energy DC Building Code Amendment Act of 2022, would require the mayor, currently Muriel Bowser, to…

July 15, 2022
CNX Looking to Capture Methane from Appalachia Operations for Biodegradable Plastic

CNX Looking to Capture Methane from Appalachia Operations for Biodegradable Plastic

Appalachian pure-play CNX Resources Corp. has signed a 15-year deal with a California-based technology company to capture methane to manufacture a biodegradable polymer.  CNX, which develops unconventional natural gas and coalbed methane assets throughout the Appalachian Basin, would capture the methane from coal mines and other third-party industrial operations for Newlight Technologies Inc.  Newlight has…

July 15, 2022
North American NatGas Prices Steady as LNG Projects Gather Momentum – Mexico Spotlight

North American NatGas Prices Steady as LNG Projects Gather Momentum – Mexico Spotlight

North American natural gas futures prices for August moved closer to $7.00/MMBtu this week as summer heat began to settle in. The August New York Mercantile Exchange contract climbed 52.6 cents day/day on Wednesday to close at $6.689/MMBtu. September rose 56.8 cents to $6.589. This is basically in line with where prices were for Mexico…

July 14, 2022