supply/demand

IEA Predicts Lackluster Growth for Natural Gas-fired Power Generation

IEA Predicts Lackluster Growth for Natural Gas-fired Power Generation

Fuel costs for generating natural gas- and coal-fired electricity surged in 2021 but should taper off in the coming years, the International Energy Agency (IEA) predicted in its latest semi-annual Electricity Market Report. “Sharp spikes in electricity prices in recent times have been causing hardship for many households and businesses around the world and risk…

January 19, 2022
Fed Foreshadowing Rate Hikes, but Signaling Strong Conditions for Oil, Natural Gas Demand

Fed Foreshadowing Rate Hikes, but Signaling Strong Conditions for Oil, Natural Gas Demand

With inflation surging, led by lofty oil and natural gas prices in 2021, Federal Reserve policymakers this week said they would hasten their drawdown of pandemic aid and signaled they could raise interest rates multiple times in 2022. While the shift presents potential downsides for energy companies in the year ahead – notably, higher borrowing…

December 17, 2021
U.S. Energy Exports to Canada Hit Four-Year Low in 2020, EIA Says

U.S. Energy Exports to Canada Hit Four-Year Low in 2020, EIA Says

As Covid-19 depressed petroleum demand, the value of the energy trade between the United States and Canada fell sharply from 2019 to 2020, according to the U.S. Energy Information Administration (EIA). Citing U.S. Census Bureau data, EIA said the value of domestic energy imports from Canada fell 31% in 2020 compared with the previous year.…

December 8, 2021
Texas Steps Up Oversight of ‘Critical’ Natural Gas Infrastructure in Wake of Winter Storm Uri

Texas Steps Up Oversight of ‘Critical’ Natural Gas Infrastructure in Wake of Winter Storm Uri

The Texas Railroad Commission (RRC) has adopted rules designating the “critical” natural gas suppliers and customers during energy emergencies in the wake of last February’s Winter Storm Uri. RRC Chairman Wayne Christian said the commission “adopted a ‘critical designation’ rule to ensure our natural gas supply is prepared for future energy emergencies…critical facilities including more…

December 2, 2021
Natural Gas Customers Looking at Higher Heating Bills This Winter as Fuel Prices Spike; Texas May Get Some Relief

Natural Gas Customers Looking at Higher Heating Bills This Winter as Fuel Prices Spike; Texas May Get Some Relief

Natural gas customers for one of the largest U.S. utilities are set to see bills increase by as much as $71/month this winter as a result of ballooning natural gas prices. CenterPoint Energy Inc. said its local subsidiaries in Arkansas, Indiana, Ohio and Oklahoma could see higher heating bills from November to March when compared…

November 30, 2021
Tough Winter Ahead for the LNG Market? – Listen Now to NGI’s Hub & Flow

Tough Winter Ahead for the LNG Market? – Listen Now to NGI’s Hub & Flow

Click here to listen to the latest episode of NGI’s Hub & Flow podcast for an overview of what’s moving LNG markets as colder weather settles in across the Northern Hemisphere.  NGI’s Senior LNG Editor Jamison Cocklin is joined by Jason Feer, global head of business intelligence at consultancy and shipbroker Poten & Partners, to…

November 22, 2021
December to Bring Continued Natural Gas Production Gains, EIA Says

December to Bring Continued Natural Gas Production Gains, EIA Says

Led by growth out of the Haynesville Shale, natural gas production from seven key U.S. onshore regions is set to climb from November to December, according to updated projections from the Energy Information Administration (EIA). Total natural gas production from the Anadarko, Appalachia and Permian basins, as well as from the Bakken, Eagle Ford, Haynesville…

November 18, 2021
New Fortress Energy Sees Significant Gap in Global LNG Supply

New Fortress Energy Sees Significant Gap in Global LNG Supply

Management for New Fortress Energy Inc. expects liquefied natural gas (LNG) demand to “materially” exceed supply through 2039, saying in the third quarter 2021 earnings report that underinvestment in fossil fuels has left the global market vulnerable. Investment in oil and gas projects, according to NFE, has dropped sharply in recent years, going from $800…

November 8, 2021
California Increases Aliso Natural Gas Capacity to Ensure Sufficient Winter Supply in Los Angeles

California Increases Aliso Natural Gas Capacity to Ensure Sufficient Winter Supply in Los Angeles

The California Public Utilities Commission (CPUC) on Thursday voted unanimously to increase the amount of natural gas stored at the Aliso Canyon Natural Gas Storage Facility in Los Angeles County to 41 Bcf to provide adequate winter supplies for gas and electric customers. The decision, said regulators, allows Aliso operator Southern California Gas Co. (SoCalGas)…

November 4, 2021
Global Oil, Natural Gas Demand Strong into ‘Foreseeable Future,’ Says Aramco CEO

Global Oil, Natural Gas Demand Strong into ‘Foreseeable Future,’ Says Aramco CEO

The Saudi Arabian Oil Co., better known as Aramco, recorded a substantial increase in profits during the third quarter on rebounding global energy demand, which is likely to “remain healthy for the foreseeable future,” CEO Amin H. Nasser said. Higher oil volumes sales and prices, combined with stronger refining and chemicals margins, were underpinned by…

November 1, 2021
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