storage

In 10 months, on Oct. 1, 2024, Mexico’s new president will take office, and the six-year term of Andrés Manuel López Obrador will end. Members of the Mexican energy industry told NGI’s Mexico GPI they are hopeful for a change in energy policies that have at times stalled and frustrated the sector during the past…

Midstream giant Williams said Wednesday that it has reached a deal to acquire a portfolio of Gulf Coast natural gas storage assets from an affiliate of Hartree Partners LP for $1.95 billion, capping a busy year for storage acquisitions and expansions. The deal includes six natural gas storage facilities with a total capacity of 115…

Demand for American LNG is holding strong, but South Central natural gas storage remains elevated and, according to the latest government inventory data, the surplus of supplies relative to the five-year average continues to swell. The U.S. Energy Information Administration (EIA) on Thursday reported a withdrawal of 16 Bcf from South Central storage during the…

The combination of unseasonably light weather-driven demand and record-level production continued to deal one bearish blow after another to regional natural gas prices during the Dec. 7-13 trading period, data from NGI’s Forward Look show. Traders locked in fixed price discounts from coast-to-coast for the period, with Henry Hub down to $2.342/MMBtu for January delivery,…

Robust natural gas production, plump supplies in storage and benign winter weather so far could send Henry Hub futures below $2.00/MMBtu, putting prices late this year in the realm of the pandemic-induced slump of 2020. “The narrative keeps getting worse for gas bulls,” analysts at The Schork Report said, noting forecasts that call for seasonally…

The U.S. Energy Information Administration (EIA) is slashing its winter Henry Hub spot price forecast on a combination of elevated production and weak space heating demand for natural gas so far this season. EIA said in its latest Short-Term Energy Outlook (STEO) it now expects the national benchmark to average $2.80/MMBtu this winter, down 60…

Demand is surging for natural gas pipeline and storage capacity in North America, and as a purveyor of both, that’s good news for Kinder Morgan Inc. (KMI), CEO Kim Dang said Thursday. Dang, a KMI veteran who took over the top job this year, said there are “a lot of fantastic tailwinds” for the company…

Suzanne Ogle, CEO of the Southern Gas Association, says talk of natural gas going away is not realistic or responsible.  Quite the opposite, it’s “really the critical remaining dispatchable fuel source” available, one that offers the quickest way to reducing global emissions, she said in an interview with NGI.  “If your goal is to eliminate…

Global natural gas prices edged upward despite limited activity on the market as traders weighed the potential winter supply risk from a widening war in the Middle East and colder forecasts. European and East Asian benchmark prices jumped Monday, reversing last week’s downward slope as hefty storage levels and mild weather continued to drag on…