Even as natural gas pipeline operators take action to balance system capacity with an oversupply of natural gas flooding the market, prices at the SoCal Citygate have consistently held a substantial premium to values at nearby delivery locations, prompting the question, why? Spot prices at SoCal Citygate averaged less than $1.00/MMBtu above the Henry Hub…
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Leading North American Natural Gas Marketers Post 2Q2022 Gains Amid Demand, Price Spikes
Top North American natural gas marketers reported stronger overall sales volumes for the second quarter as production gathered momentum in response to strong consumption and prices. A multitude of enduring demand drivers could fuel momentum through this year and into next, marketers and traders say. The 24 gas marketers included in the latest NGI Top…
Trucked LNG Prices Spiked in China as Cold Gripped Region in December, Says Wood Mackenzie
Cold weather and a scramble to secure natural gas supplies in Asia are impacting more than only power generators, as spot prices for trucked liquefied natural gas (LNG) in China skyrocketed last month, according to Wood Mackenzie. The consultancy said spot prices in the LNG transport space nearly doubled in only three weeks in the…
Northeast Ready for Summer Electricity Demand
No spike in natural gas demand for power generation in the Northeast is expected this summer as the Northeast Power Coordinating Council Inc. (NPCC) said last week that a recently completed reliability assessment shows that the region will have an adequate supply of electricity this summer.
Northeast Expected to Have Adequate Power Generation this Summer
No spike in natural gas demand for power generation in the Northeast is expected this summer as the Northeast Power Coordinating Council Inc. (NPCC) said Tuesday that a recently completed reliability assessment shows that the region will have an adequate supply of electricity this summer.
Report: NGVs Won’t Spike Natural Gas Prices in 2025
Natural gas vehicles (NGV) will represent just 2% of the overall demand for natural gas in the United States by 2025, making them unlikely to cause a spike in natural gas prices, according to a report by the American Clean Skies Foundation (ACSF).
ACSF: NGVs Only 2% of U.S. Gas Demand in 2025
Natural gas vehicles (NGV) will represent just 2% of the overall demand for natural gas in the United States by 2025, making them unlikely to cause a spike in natural gas prices, according to a report by the American Clean Skies Foundation (ACSF).
Fracking Prohibition Would Turn LNG Tankers This Way, Speaker Says
Back in 2007 the United States was in store to get about 130 metric tons of liquefied natural gas (LNG) imports. However, North American shale gas plays have changed all that. But if hydraulic fracturing (fracking) well stimulation is outlawed or severely curtailed, it could be back to the future where LNG imports are concerned.
Northeast Soars; Some Midcontinent Gains but Most Points Fall
Prices continued to spike at Northeast citygates Tuesday, and they were joined by lesser displays of strength at some locations in the Midcontinent and West Texas. However, softer numbers again ruled in a moderate majority of the cash market despite a new winter storm moving into the South and lows around zero or lower being forecast for much of the Midwest.
Traders Unsure What to Make of 89 Bcf Storage Pull
Following the market’s recent tradition of following a large spike with a similar collapse a day or two later, January natural gas futures answered Wednesday’s 21.3-cent jump with a 17.1-cent drop Thursday to close at $4.435.