Supply

July Bidweek Marked by Discounts as Natural Gas Traders Mull Loose Balances, LNG Declines

July Bidweek Marked by Discounts as Natural Gas Traders Mull Loose Balances, LNG Declines

Dragged down by loose balances amid weaker export demand, natural gas prices skidded lower in July bidweek trading even as a toasty forecast offered some encouragement for the bulls. NGI’s July Bidweek National Avg. fell 9.5 cents month/month to $1.450/MMBtu. That marks a 53-cent decline from the $1.980 average NGI recorded for July 2019 bidweek,…

July 1, 2020
Moody’s Maintains Natural Gas Price Outlook, but Cuts Oil Forecast Amid Coronavirus Fallout

Moody’s Maintains Natural Gas Price Outlook, but Cuts Oil Forecast Amid Coronavirus Fallout

Moody’s Investor Service this week maintained its forecast for North American natural gas prices, saying that declining production will help to bring the oversupplied market to balance.

April 29, 2020
DTE Sees Shoots of Growth for Natural Gas and Weathering Coronavirus Impacts

DTE Sees Shoots of Growth for Natural Gas and Weathering Coronavirus Impacts

Even as DTE Energy is implementing cost-cutting measures to help navigate the economic downturn brought on by the coronavirus, the natural gas storage and pipelines (GSP) assets in the Lower 48 are creating a path for long-term success.

April 29, 2020
Muted Response From U.S. Oil Prices After OPEC Supply Deal, Reflecting Challenges Ahead

Muted Response From U.S. Oil Prices After OPEC Supply Deal, Reflecting Challenges Ahead

U.S. oil prices reacted tepidly on Monday to an agreement by the Organization ofthe Petroleum Exporting Countries (OPEC) and its allies to slash output by an unprecedented 9.7 million b/d during May and June, illustrating the formidable challenge posed to the market by the Covid-19 pandemic.

April 13, 2020
Muted Response From U.S. Oil Prices After OPEC Supply Deal, Reflecting Challenges Ahead

Muted Response From U.S. Oil Prices After OPEC Supply Deal, Reflecting Challenges Ahead

U.S. oil prices reacted tepidly on Monday to an agreement by the Organization ofthe Petroleum Exporting Countries (OPEC) and its allies to slash output by an unprecedented 9.7 million b/d during May and June, illustrating the formidable challenge posed to the market by the Covid-19 pandemic.

April 13, 2020
National Grid’s NYC Long-Term NatGas Supply Constraint Solutions Heavy on LNG

National Grid’s NYC Long-Term NatGas Supply Constraint Solutions Heavy on LNG

In an effort to meet current and future New York City natural gas supply constraints, National Grid is planning to deploy a series of measures to maintain near-term system reliability while mulling over a host of longer-term solutions, a number of which prominently feature liquefied natural gas (LNG).

February 26, 2020
Increasing Bangladeshi Demand Could Soak Up Some LNG Glut

Increasing Bangladeshi Demand Could Soak Up Some LNG Glut

Saudi Arabian Oil Co., aka Saudi Aramco, and Riyadh-based ACWA Power signed a memorandum of understanding last week with the Bangladesh Power Development Board to build a 3,600 MW liquefied natural gas (LNG)-fueled power plant and terminal in the south Asian country.

October 22, 2019

HSC Natural Gas Prices to Rise Amid Disconnect Between Surging Supply, Demand

Long-standing trading patterns at major natural gas hubs in Southeast Texas could be reshaped over the next decade as limitations in pipeline capacity closest to the Houston market arise because of increasing Permian Basin volumes.

September 23, 2019

Western Canada Natural Gas Found Able to Compete with TC Toll Cut

A toll cut on TC Energy Corp.’s cross-country Mainline enabled Western Canada natural gas to regain Ontario and Quebec sales last year in competition with Lower 48 supply, according to a Calgary economics agency.

July 23, 2019
New York Rejects Transco’s Northeast Supply Enhancement Project

New York Rejects Transco’s Northeast Supply Enhancement Project

Transcontinental Gas Pipe Line Co. LLC (Transco) said it would move quickly to file yet again for a key permit after New York regulators denied an application for the Northeast Supply Enhancement Project, which is now imperiled by the decision and poised for further delays.

May 16, 2019
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