Supply

April Natural Gas Futures Head Lower Toward Tuesday’s Expiration; Cash Prices Vary

April Natural Gas Futures Head Lower Toward Tuesday’s Expiration; Cash Prices Vary

April Nymex natural gas futures finished their penultimate session in the lead position in the red, with the weather expected to provide a modest bump in demand too late to substantially impact the robust supply. At A Glance: April futures slip 4.4 cents Storage remains an anchor Spot gas mixed by weather The prompt-month contract…

March 25, 2024
Jera Inks Equity, Offtake Agreements for Woodside’s Scarborough LNG Project

Jera Inks Equity, Offtake Agreements for Woodside’s Scarborough LNG Project

Jera Co. Inc., one of the world’s largest LNG buyers, has secured a 15.1% stake in Woodside Energy Group Ltd.’s Scarborough project as it continues to look for stable long-term supply for Japanese power production. Under the transaction, valued at $1.4 billion, Jera would obtain a non-operating interest in the Scarborough partnership and offtake an…

February 26, 2024
DOE’s LNG Pause Fogs Long-term LNG Supply Outlook for Asian, European Natural Gas Buyers

DOE’s LNG Pause Fogs Long-term LNG Supply Outlook for Asian, European Natural Gas Buyers

The Biden administration’s temporary pause on new U.S LNG export permits has for now derailed an anticipated wave of new volumes that was expected to hit the market later this decade, prompting major global gas buyers to explore other options. Asia and Europe have increasingly relied on the United States for a large portion of…

February 12, 2024
Chatter Grows about E&P Pullback as Mild Early Winter Weather, Robust Natural Gas Storage Pressure Prices

Chatter Grows about E&P Pullback as Mild Early Winter Weather, Robust Natural Gas Storage Pressure Prices

A growing number of analysts have penciled in lower natural gas prices and more gas and oil production cuts for 2024 to remedy supply-demand imbalance, which worsened late in 2023 amid a mild start to winter and record production levels. The heating season only saw intermittent cold spells in November before December clocked in as…

January 4, 2024
U.S. Power Grid Blackouts Said Possible as Retirements Too Fast for Renewables to Backfill

U.S. Power Grid Blackouts Said Possible as Retirements Too Fast for Renewables to Backfill

The U.S. power grid faces the risk of blackouts over the next 10 years because of rising peak power demand, generator retirements and questions about the reliability of renewables and natural gas delivery systems, the North American Electric Reliability Corporation (NERC) said Wednesday (Dec. 13). “Environmental regulations and energy policies that are overly rigid and…

December 18, 2023
Algerian Natural Gas Exports Surge, Providing Additional Supply Cushion for Europe

Algerian Natural Gas Exports Surge, Providing Additional Supply Cushion for Europe

Algeria is keeping its promise to supply Europe with additional natural gas as the continent continues replacing Russian imports.  Algeria LNG exports reached record highs during the first nine months of this year, increasing 35% year-over-year to 9.94 million tons (Mt), according to Kpler data.  Algeria liquefied natural gas exports are being supported by a…

October 25, 2023
TTF Climbs as Traders Weigh Threat of Broader Conflict in Middle East – LNG Recap

TTF Climbs as Traders Weigh Threat of Broader Conflict in Middle East – LNG Recap

European natural gas prices inched higher Monday as the threat of a broader conflict in the Middle East offset a warmer forecast and ample supplies on the continent.  The December Title Transfer Facility (TTF) contract added about a nickel and again finished above $17/MMBtu. TTF is about 30% higher than it was before Israel declared…

October 23, 2023
Egypt Signals Return of LNG Cargoes as Global Prices Continue to Plunge

Egypt Signals Return of LNG Cargoes as Global Prices Continue to Plunge

Egypt has resumed loading LNG cargoes after months of absence from the export market, adding a further supply buffer for Europe as prices continue dipping. A ship controlled by TotalEnergies SE loaded at the Idku liquefied natural gas terminal in Egypt Thursday (10/5) before making a possible voyage to an import terminal in Europe, according…

October 5, 2023
U.S. Natural Gas Reserves, Resources Hit All-Time Combined High as Demand Still Climbing

U.S. Natural Gas Reserves, Resources Hit All-Time Combined High as Demand Still Climbing

The U.S. natural gas industry faces multiple challenges, but depleting resources do not yet appear to be one of them, according to the Potential Gas Committee’s (PGC) latest assessment of the country’s gas endowment. The PGC, composed of about 80 volunteer geoscientists and engineers, has been publishing a year-end report on domestic gas reserves and…

September 15, 2023
Baker Botts’ Bennett Says Question of U.S. LNG Capacity Isn’t How Much, but How Quickly

Baker Botts’ Bennett Says Question of U.S. LNG Capacity Isn’t How Much, but How Quickly

The U.S. LNG industry has appeared to emerge from a development slowdown after the Covid-19 pandemic to a boom in contracts and final investment decisions (FID) for new export projects thanks to global energy market disruptions. However, as the global market and supply chains continue adapting, rising hurdles for large-scale projects and the climate goals…

July 26, 2023
‹ Previous 1 2 3 59