Against a consistent backdrop of lackluster natural gas demand, robust production, lagging exports and unseasonably solid storage inventories, forward prices continued to crumble during the March 16-22 period, according to NGI’s Forward Look. Natural gas fixed prices declined more than 30.0 cents on average for April, with several U.S. locations recording even steeper decreases for…
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FERC’s Phillips Vows to Approach Infrastructure Project Approvals in ‘Accelerated Way’
FERC Acting Chairman Willie Phillips got the memo. The head of the federal regulatory agency tasked with overseeing energy infrastructure development told a cavernous conference hall filled with industry insiders what they had hoped to hear: Phillips has their back when it comes to speeding up decisions on infrastructure projects. “Building new things,” Phillips said…

March Forecast Trends Disappoint Natural Gas Markets as Forwards Retreat
Declining March heating demand expectations inspired coast-to-coast discounts for regional natural gas forwards during the March 2-8 trading period, NGI’s Forward Look data show. April fixed prices at benchmark Henry Hub fell 27.1 cents to end the period at $2.548/MMBtu, and week/week fixed price discounts of around 20-30 cents were the norm for much of…

Pipeline Constraints, Severe Winter Weather Stoking West Coast Forward Prices; Futures Rally Continues
Natural gas forward prices escalated across the Lower 48 throughout the Feb. 23-March 1 period, with a continuation of winter storms fueling sharp premiums on the West Coast, according to NGI’s Forward Look. April forward prices remained low overall as benchmark Henry Hub stood Wednesday at $2.819/MMBtu. That has prompted some power generators to make…

AGA Identifies Low-Carbon Natural Gas Supply, Infrastructure as Part of the Path Forward
The right incentives could allow natural gas utilities to use existing infrastructure to advance low-carbon fuels and fight climate change, according to a study commissioned by the American Gas Association (AGA). AGA consulted Concentric Energy in discovering key regulatory frameworks that would encourage the production of low carbon products. “This study leaves no doubt that…

March Baseload Natural Gas Prices Seen Lower as Spring’s Arrival Trumps Passing Winter Storms
Baseload natural gas prices for March were tracking mostly lower as the market appeared to close the book on winter and focused on increasing warmth in the coming weeks and robust supplies, according to NGI’s Bidweek Alert (BWA). Though the region on Wednesday was in the midst of a series of brutal winter storms, West…

U.S. Midstream Working to Expand Permian, Haynesville Natural Gas Pipelines
As the United States works toward casting a wider net on the global natural gas market via exports, key domestic markets like the Permian Basin and Haynesville Shale could be turned upside down in 2023 as midstream bottlenecks leave gas stranded. LNG developers on the Gulf Coast are in a race to boost liquefied natural…

Widespread Warmth in Elliott’s Wake Sinks Natural Gas Futures, Weekly Cash Prices
What a week – and what a year – it has been for the natural gas market. During the final three days of trading for 2022 gas delivery, spot prices fizzled in grand fashion following spikes induced by Winter Storm Elliott. Losses were widespread and sent some U.S. locations back below $3.00/MMBtu, with NGI’s Weekly…

Corrosion Left Keystone Pipeline ‘Less than Half the Thickness of a Dime,’ Says U.S. Government Accountability Office
Total oil spills from the Keystone Pipeline have grown to 25,975 bbl since TC Energy Corp. opened the conduit in 2010 to transport Canadian crude south to the Midwest and Gulf of Mexico. The estimated 14,000 bbl leak began on Dec. 7 into a Kansas creek and farm, halting flows for a week and leaving…

Multi-Dollar Price Gains Seen for December Baseload Natural Gas as Winter Arrives in Grand Fashion
After a quiet start, Old Man Winter kicked in the door on the natural gas market and fueled massive gains for December baseload natural gas prices, according to NGI’s Bidweek Alert (BWA). Basis prices in the Northeast, particularly New England, were seen in the mid-teens as record-setting overnight temperatures and an eye-popping lake-effect snowstorm hit…