storage

Kinder Teaming with Neste to Build Renewable Feedstock, Fuel Hub in Louisiana

Kinder Teaming with Neste to Build Renewable Feedstock, Fuel Hub in Louisiana

Kinder Morgan Inc. (KMI) is partnering with Neste to create a raw material storage and logistics hub at its Harvey, LA, terminal. The hub is to be used to help ramp up production of renewable diesel, sustainable aviation fuel (SAF) and renewable feedstock for polymers and chemicals. Neste would store a variety of raw materials…

September 16, 2021
National Fuel Gas Looks to Lower Carbon Footprint from E&P, Midstream and Utility Businesses

National Fuel Gas Looks to Lower Carbon Footprint from E&P, Midstream and Utility Businesses

National Fuel Gas Co., whose footprint extends across the country, has set a goal to lower its carbon footprint in 2030 by double-digits across the exploration, midstream and utility segments.  The goals were announced recently in the company’s 2020 Corporate Responsibility report, which provided a review of environmental, social and governance (ESG) metrics. The diversified…

September 16, 2021
Fitch Raises Henry Hub, Euro Natural Gas Price Assumptions on Resurgent Demand, Supply Challenges

Fitch Raises Henry Hub, Euro Natural Gas Price Assumptions on Resurgent Demand, Supply Challenges

Fitch Ratings Inc. has substantially raised its Henry Hub and European natural gas price assumptions through 2022, citing “strong year-to-date prices, recovering demand and supply challenges.” “U.S. gas prices have…benefited from heightened weather-driven demand, as well as U.S. dry and associated gas production discipline,” the credit ratings analysts said, adding that liquefied natural gas (LNG)…

September 2, 2021
Natural Gas Futures, Cash Prices Fall as Ida Slashes Demand; Storm Tees Up ‘Tame September’

Natural Gas Futures, Cash Prices Fall as Ida Slashes Demand; Storm Tees Up ‘Tame September’

Though still early for a full assessment of former Hurricane Ida, natural gas futures traders on Monday focused squarely on the destruction of natural gas demand brought about by the catastrophic Category 4 storm. The October Nymex gas futures contract, on its first day in the prompt position, settled at $4.305, off 8.3 cents from…

August 30, 2021
CCS Technologies Forecast to Cut LNG Project Carbon Emissions by 25%

CCS Technologies Forecast to Cut LNG Project Carbon Emissions by 25%

Deploying carbon capture and storage (CCS) technologies could cut more than one-quarter of emissions associated with global liquefied natural gas (LNG) facilities, according to consultancy Wood Mackenzie. Senior analyst Daniel Toleman said the main options for reducing LNG emissions include CCS, carbon offsets, methane leakage reduction, electrification, as well as renewables and batteries. However, CCS…

August 25, 2021
Natural Gas Futures Start Week with Big Rally After Volatile Session; Cash Strengthens

Natural Gas Futures Start Week with Big Rally After Volatile Session; Cash Strengthens

Big fluctuations continued along the Nymex natural gas futures curve early Monday as traders wrestled with hotter shifts in the latest weather models and a step up in production. The September contract, which rolls off the board later this week, settled at $3.945, up 9.4 cents on the day. October also picked up 9.4 cents…

August 23, 2021
Aside from Appalachia and West Coast, Looser Balances See Natural Gas Forwards Tumble

Aside from Appalachia and West Coast, Looser Balances See Natural Gas Forwards Tumble

Loosening balances, evidenced by a weekly inventory build that overshot major surveys, accompanied declines in forward prices for most of the Lower 48 during the Aug. 12-18 trading period, NGI’s Forward Look data show. Nymex September futures experienced some up-and-down action, but on the whole lost ground during the Aug. 12-18 time frame, including a…

August 20, 2021
LNG Market Seen Tightening Further With Little Relief in Sight as Winter Nears

LNG Market Seen Tightening Further With Little Relief in Sight as Winter Nears

This winter is shaping up to be one of the tightest in years for the global natural gas market as strong demand has continued throughout the year and left inventories woefully short.  Liquefied natural gas (LNG) supply disruptions in Angola, Brunei, Nigeria and Trinidad and Tobago, to name a few, have also led to incremental…

August 20, 2021
Natural Gas Futures Range-Bound Ahead of EIA Storage Report; Cash Still Soft

Natural Gas Futures Range-Bound Ahead of EIA Storage Report; Cash Still Soft

Natural gas futures continued to flip flop midweek as a technical bounce lifted prices modestly despite cooler weather in the forecast. A recovery in exports to Mexico also likely had a hand in the uptick, which boosted the September Nymex futures contract 1.5 cents to $3.852/MMBtu. At A Glance: Technicals play into modest uptick for…

August 18, 2021
Technical Trading, Tightening Balances Drive Rebound for Natural Gas Futures; KMI Pipe Blast Rocks Western Cash

Technical Trading, Tightening Balances Drive Rebound for Natural Gas Futures; KMI Pipe Blast Rocks Western Cash

A technical bounce fueled by lower wind generation sent natural gas futures higher to start the week. The September Nymex gas futures contract settled Monday at $3.946, up 8.5 cents from Friday’s close. October climbed 8.5 cents to $3.960. Spot gas prices were mixed on Monday, with mostly mild weather across the country. However, big…

August 16, 2021
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