United States

U.S. LNG Exports Hit New High in First Half of 2021

U.S. LNG Exports Hit New High in First Half of 2021

U.S. liquefied natural gas (LNG) exports hit record highs in the first half of 2021 as new capacity ramped to meet growing global demand. LNG exports averaged 9.6 Bcf/d in the first six months of the year, according to the U.S. Energy Information Administration. That is a stark contrast to last year when demand cratered…

July 28, 2021
U.S. LNG Cargoes Delivered to Brazil Rising as Demand Breaks Records

U.S. LNG Cargoes Delivered to Brazil Rising as Demand Breaks Records

Liquefied natural gas (LNG) cargoes sourced from the United States are taking up an increasingly important share of Brazil’s booming import market, according to market research firm Kpler. Brazil saw its highest-ever level of LNG in June, when imports clocked in at 657,000 tons. This compared to zero cargoes last June and 184,000 tons received…

July 21, 2021
U.S. Natural Gas ‘Off to the Races’ on Strong LNG, Mexico Demand and Producer Discipline

U.S. Natural Gas ‘Off to the Races’ on Strong LNG, Mexico Demand and Producer Discipline

U.S. natural gas demand and prices are “off to the races,” driven by a convergence of supply and demand-related factors as the world emerges from Covid-19, IHS Markit’s Jack Weixel, senior director, said Monday. Liquefied natural gas (LNG) exports to the global market, pipeline exports to Mexico, and capital discipline by upstream producers all have…

July 19, 2021
U.S. Coal Generation Gains Ground from Uri and Higher Natural Gas Prices, Says IEA

U.S. Coal Generation Gains Ground from Uri and Higher Natural Gas Prices, Says IEA

The world’s thirst for electricity this year has led to an uptick in coal consumption and cut into U.S. natural gas consumption, according to the International Energy Agency (IEA). The global energy watchdog on Thursday said the world is getting back  to business following the depths of the pandemic, with energy demand rising quickly. Coal…

July 16, 2021
Historic Heat Wave, Tight Balances Drive Steep Gains for Natural Gas Forward Prices as Core of Summer Still Ahead

Historic Heat Wave, Tight Balances Drive Steep Gains for Natural Gas Forward Prices as Core of Summer Still Ahead

Fueled by unrelenting heat across Pacific Northwest, Western Canada and the East Coast, natural gas forwards surged in the trading period ending June 30, according to NGI’s Forward Look. August prices shot up an average 19.0 cents over the six-day period, led by an astounding C28.0-cent climb at NOVA/AECO C. The stout gains continued throughout…

July 2, 2021
U.S. LNG Output Sailing for Record Despite Rising Supply Costs

U.S. LNG Output Sailing for Record Despite Rising Supply Costs

The cost of supplying U.S. liquefied natural gas (LNG) to Asia has spiked this year, but with a shortage of natural gas to meet widespread demand across the world, that is likely to have little impact on output that is expected to reach record highs. An analysis by Rystad Energy found that the short-run marginal…

June 25, 2021
Oil Patch Lifts U.S. Rig Count Once Again as Natural Gas Activity Eases Lower

Oil Patch Lifts U.S. Rig Count Once Again as Natural Gas Activity Eases Lower

More rigs flocked to the oil patch during the week ended Friday (June 11), offsetting a small decrease in natural gas-directed drilling to lift the combined U.S. count five units to 461, according to the latest data published by Baker Hughes Co. (BKR). Oil-directed drilling increased by six units in the United States for the…

June 11, 2021
Sempra’s Energia Costa Azul LNG Said ‘Prime Opportunity’ for Rockies Gas Producers

Sempra’s Energia Costa Azul LNG Said ‘Prime Opportunity’ for Rockies Gas Producers

Energy producers and advocates in the Rockies region are looking south of the border for Pacific Coast market options as the outlook for a Western U.S. export facility appears increasingly unlikely. With development of the Jordan Cove liquefied natural gas (LNG) project in Oregon on pause following regulatory setbacks, the Sempra Energy-led Energia Costa Azul…

May 28, 2021
June Natural Gas Futures Inch Higher Ahead of Storage Report; Colonial Restarting Following Cyberattack

June Natural Gas Futures Inch Higher Ahead of Storage Report; Colonial Restarting Following Cyberattack

Natural gas futures advanced for a second straight day on Wednesday as production dipped and all indications pointed to continued strong demand for U.S. liquefied natural gas (LNG). The June Nymex contract settled at $2.969/MMBtu, up 1.4 cents day/day. July rose 1.9 cents to $3.018. NGI’s Spot Gas National Avg., however, declined 2.0 cents to…

May 12, 2021
U.S. to Work Toward Net-Zero Future with Fellow Oil, Natural Gas Producing Nations

U.S. to Work Toward Net-Zero Future with Fellow Oil, Natural Gas Producing Nations

The United States is teaming up with Canada, Norway, Qatar and Saudi Arabia to target net-zero greenhouse gas (GHG) emissions from the five countries, all of which are major oil and gas producers. The countries, which together account for about 40% of global oil and gas production, jointly said on Friday they are establishing a…

April 28, 2021
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