storage

Pacific Northwest, Rockies Forward Prices Rise as Snow, Bitter Cold Stoke Demand, Storage Draws

Pacific Northwest, Rockies Forward Prices Rise as Snow, Bitter Cold Stoke Demand, Storage Draws

Huge natural gas forward basis moves continued for pipeline capacity-starved New England, but hefty premiums also shifted further west during the short Nov. 17-21 period, NGI’s Forward Look data showed. With several inches of snow falling and a stormy outlook ahead, the Rockies and Pacific Northwest posted sharply higher forward prices. Northwest Sumas December basis…

November 23, 2022
Multi-Dollar Price Gains Seen for December Baseload Natural Gas as Winter Arrives in Grand Fashion

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…

November 23, 2022
Messy Winter Weather in Pacific Northwest, Rockies Drives Stout Forward Price Gains

Messy Winter Weather in Pacific Northwest, Rockies Drives Stout Forward Price Gains

Huge natural gas forward basis moves continued for pipeline capacity-starved New England, but hefty premiums also shifted further west during the short Nov. 17-21 period, NGI’s Forward Look data showed. With several inches of snow falling and a stormy outlook ahead, the Rockies and Pacific Northwest posted sharply higher forward prices. Northwest Sumas December basis…

November 22, 2022
Equitrans Stops Major Natural Gas Leak at Pennsylvania Storage Facility 

Equitrans Stops Major Natural Gas Leak at Pennsylvania Storage Facility 

Equitrans Midstream Corp. said late Thursday it has flooded a natural gas storage well that had leaked for more than 10 days, releasing over 1 Bcf into the atmosphere, according to preliminary estimates.  Spokesperson Natalie Cox told NGI the leak was discovered on Nov. 6. The company worked through a series of setbacks with Texas-based…

November 18, 2022
Snowstorm Drives Big Gains for Natural Gas Forwards, while Market Looks Ahead to Freeport’s Return

Snowstorm Drives Big Gains for Natural Gas Forwards, while Market Looks Ahead to Freeport’s Return

Natural gas forward prices continued to strengthen during the Nov. 9-16 period amid a continuation of colder-than-normal temperatures ahead of the core of winter, according to NGI’s Forward Look. Gains (again) were most pronounced in New England, where rising heating demand and pipeline constraints combined to drive hefty premiums compared to the rest of the…

November 18, 2022
Storage, LNG Calm European Natural Gas Prices as Countries Look for Further Demand Cuts

Storage, LNG Calm European Natural Gas Prices as Countries Look for Further Demand Cuts

Even as a mild start to European winter and a glut of LNG cargoes calm natural gas prices on the continent, governments are urging greater gas conservation as the risks of spiking demand pile up. European Union natural gas storage is currently above 95%, ahead of the bloc’s 80% target for winter, as the region…

November 17, 2022
Reduce Industry’s Methane Leaks to Boost U.S. Natural Gas Supply, Says Biden EPA

Reduce Industry’s Methane Leaks to Boost U.S. Natural Gas Supply, Says Biden EPA

Curbing methane leaks from oil and natural gas operations would increase supplies pledged to Europe and help to reduce the impacts from climate change under a proposed rulemaking by the Biden administration. The updated rulemaking issued Friday (Nov. 11) by the U.S. The Environmental Protection Agency (EPA) would impact thousands of natural gas and oil…

November 14, 2022
‘Aggressive’ Subfreezing Temperatures Drive Natural Gas Strip Gains; New England Bracing for Tough Winter

‘Aggressive’ Subfreezing Temperatures Drive Natural Gas Strip Gains; New England Bracing for Tough Winter

With subfreezing temperatures on the way, natural gas forward prices strengthened during the trading period from Nov. 3 to 8, according to NGI’s Forward Look. Price swings were relatively modest at the front of the forward curve when compared with recent weeks, likely because the drop in temperatures is expected to be short lived. The…

November 10, 2022
Brief Wintry Blast Boosts Natural Gas Forwards Prices; New England Sporting Hefty Premiums

Brief Wintry Blast Boosts Natural Gas Forwards Prices; New England Sporting Hefty Premiums

With subfreezing temperatures on the way, natural gas forward prices strengthened during the trading period from Nov. 3 to 8, according to NGI’s Forward Look. Price swings were relatively modest at the front of the forward curve when compared with recent weeks, likely because the drop in temperatures is expected to be short lived. The…

November 9, 2022
Cheniere Cleared to Put Shuttered Sabine Pass LNG Tank Back In Service

Cheniere Cleared to Put Shuttered Sabine Pass LNG Tank Back In Service

Federal regulators have given Cheniere Energy Inc. approval to return a liquefied natural gas storage tank to service that’s been closed for over four years at its Sabine Pass export terminal in Louisiana.  Last week, the Federal Energy Regulatory Commission and Pipeline and Hazardous Materials Safety Administration (PHMSA) approved Cheniere’s request to place the 3.4…

November 8, 2022
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