Tag / ngi

Subscribe

ngi

Natural Gas Futures Flat Following On-Target Storage Build, Ongoing Coronavirus Fallout

Natural Gas Futures Flat Following On-Target Storage Build, Ongoing Coronavirus Fallout

Natural gas futures traded in a narrow range of gains and losses Thursday and ultimately finished flat after traders absorbed a relatively bullish storage report that offset weather and demand uncertainty. The July Nymex contract settled at $1.638/MMBtu. August rose one-tenth of cent to $1.728.

June 18, 2020
California’s San Luis Obispo Policy of All-Electric Seen as Knock to Natural Gas

California’s San Luis Obispo Policy of All-Electric Seen as Knock to Natural Gas

Following a growing trend, the city council in San Luis Obispo along California’s central coast on Tuesday established a policy calling for all-electric new buildings that would take effect Sept. 1.

June 18, 2020
Appalachia’s Equitrans Completes Takeover of EQM Midstream

Appalachia’s Equitrans Completes Takeover of EQM Midstream

EQM Midstream Partners LP is now a subsidiary of Equitrans Midstream Corp. after the two companies completed a merger on Wednesday that was set into motion two years ago.

June 18, 2020
PG&E Pleads Involuntary Manslaughter for 84 Deaths in Camp Fire, Agrees to $4M in Penalties

PG&E Pleads Involuntary Manslaughter for 84 Deaths in Camp Fire, Agrees to $4M in Penalties

Pacific Gas and Electric Co. (PG&E) on Tuesday pleaded guilty to 84 counts of involuntary manslaughter and one count of starting a fire for its role in the 2018 Camp Fire that destroyed the town of Paradise, CA.

June 17, 2020
Weather Worries and Weak Cash Weigh Down Natural Gas Futures

Weather Worries and Weak Cash Weigh Down Natural Gas Futures

Cooler temperatures and soft demand in the natural gas cash market, along with ongoing liquefied natural gas (LNG) woes, weighed down futures again Tuesday, with prices hitting a new daily low in June for a third consecutive trading day.

June 17, 2020
IEA Forecasts Flat Mexico Oil Output Through 2021; Global Production Set to Fall 7.2 Million b/d in 2020

IEA Forecasts Flat Mexico Oil Output Through 2021; Global Production Set to Fall 7.2 Million b/d in 2020

Mexico oil production is likely to stay near April levels through 2021, with the natural decline of legacy fields operated by national oil company Petróleos Mexicanos (Pemex) offsetting any production gains at the firm’s so-called priority fields, the International Energy Agency (IEA) said Tuesday.

June 17, 2020
Coronavirus Fallout, Cooler Weather Pattern Weigh on Natural Gas Futures

Coronavirus Fallout, Cooler Weather Pattern Weigh on Natural Gas Futures

Following last Friday’s sell-off, natural gas futures gave up further ground Monday on modestly cooler weather forecasts and lingering concerns about the coronavirus pandemic and its impact on industrial energy demand. Persistently low liquefied natural gas (LNG) volumes also continued to weigh on markets.

June 16, 2020

The Offtake: LNG in Brief

A roundup of news and commentary from NGI’s LNG Insight

June 16, 2020
Complaint by U.S. Energy Industry’s API Adds to Growing List of Private Sector Concerns in Mexican Energy

Complaint by U.S. Energy Industry’s API Adds to Growing List of Private Sector Concerns in Mexican Energy

American Petroleum Institute (API) President Mike Sommers has sent a letter to U.S. officials expressing the group’s worry that recent actions by the Mexican government are hurting investors in the Mexican energy sector.

June 16, 2020
Colombia Said Ready to Award Fracturing Pilots in October

Colombia Said Ready to Award Fracturing Pilots in October

Colombia’s National Hydrocarbons Agency (ANH) will award contracts for hydraulic fracturing pilot projects to interested companies by October, according to media reports.

June 16, 2020