United States

Freeport LNG Outage Proves Need to Boost Natural Gas Output, Says Huntsman CEO

Freeport LNG Outage Proves Need to Boost Natural Gas Output, Says Huntsman CEO

Barring an increase in domestic natural gas production, the United States should stay the course with regard to liquefied natural gas (LNG) export volumes, the top executive at global chemical manufacturer Huntsman Corp. told NGI. “I don’t think we should be exporting any more LNG than we are today if we’re not going to, conversely,…

June 29, 2022
Ukraine Banning Energy Exports, Collaborating with U.S. on LNG Imports

Ukraine Banning Energy Exports, Collaborating with U.S. on LNG Imports

In the midst of a 100-day-plus war, Ukraine is preparing for the next heating season with proposed plans to secure large volumes of liquified natural gas (LNG) from the United States. Ukraine’s President Volodymyr Zelensky said the government has begun solidifying plans for winter storage and boosting electricity production. Ukraine also plans to end all…

June 14, 2022
South American Natural Gas Imports Slump Amid War in Europe

South American Natural Gas Imports Slump Amid War in Europe

Imports of liquefied natural gas (LNG) in South America are down this year with energy alternatives such as hydropower serving as their replacement. Kpler analyst Ryhana Rasidi told NGI that around 2.6 million tons (Mt) of LNG has landed on the continent this year as of the end of May. That’s 0.99 Mt lower than…

June 8, 2022
Natural Gas Futures Fly to 14-Year High, Approach $9.40 Handle Intraday

Natural Gas Futures Fly to 14-Year High, Approach $9.40 Handle Intraday

Natural gas futures on Wednesday soared past $9.000/MMBtu for the first time since 2008 amid worries that fragile supplies may prove inadequate to meet summer cooling demand and robust calls for U.S. exports. At A Glance: Futures fly ahead of June’s expiry LNG export demand intensifies Spring production struggles fester Traders through most of the…

May 25, 2022
Huge Price Gains Seen for June Baseload Natural Gas as Supply Concerns Intensify

Huge Price Gains Seen for June Baseload Natural Gas as Supply Concerns Intensify

Escalating supply concerns ahead of the summer – forecast to be hotter than usual – appear to be driving huge increases for June baseload natural gas prices, according to NGI’s Bidweek Alert (BWA). After late-season blasts of wintry air hampered production in April, producers are struggling to grow output beyond the recent low to mid-90…

May 25, 2022
Yellen Says Russia ‘Using Energy As a Weapon,’ Reiterates U.S. LNG Commitment to Europe

Yellen Says Russia ‘Using Energy As a Weapon,’ Reiterates U.S. LNG Commitment to Europe

U.S. Treasury Secretary Janet Yellen said the United States and Europe needed to “go further” in confronting Russia’s war against Ukraine, while expanding the “potent transatlantic cooperation to address many of the other shared challenges we face.” Speaking at the Brussels Economic Forum on Tuesday, Yellen said “we must address the present energy security emergency…

May 18, 2022
U.S. Energy Sector Pledges Support for Ukraine Amid Russian Invasion

U.S. Energy Sector Pledges Support for Ukraine Amid Russian Invasion

U.S. oil and natural gas leaders this week pledged to support Ukraine in light of Russia’s unprovoked invasion, which roiled financial markets around the world. Russia’s attack against Ukraine, forewarned by Russian President Vladimir Putin for months, came on the heels of major sanctions by the United States and its allies. It also followed Germany’s…

February 25, 2022
Reversal in Forecasting Inspires Comeback for Natural Gas Forwards Prices

Reversal in Forecasting Inspires Comeback for Natural Gas Forwards Prices

A major turnaround in weather-driven demand expectations flipped the script in the natural gas forwards market during the Feb. 9-16 trading period, sending prices sharply higher as traders braced for another round of frigid temperatures on track to arrive later this month. March fixed prices at benchmark Henry Hub surged 70.8 cents week/week to average…

February 18, 2022
AGA Touts Natural Gas Utilities as Essential for U.S. Economy to Achieve Net-Zero Emissions

AGA Touts Natural Gas Utilities as Essential for U.S. Economy to Achieve Net-Zero Emissions

Natural gas utilities should play a vital role in driving the U.S. economy toward the country’s collective goal of net-zero greenhouse gas (GHG) emissions. However, each utility will have to invest in evolving technology and infrastructure, the American Gas Association (AGA) said  Tuesday. The AGA’s leaders said in a new report the United States can…

February 9, 2022
U.S., Europe Pledge Cooperation on LNG Supplies as Russia-Ukraine Tensions Continue

U.S., Europe Pledge Cooperation on LNG Supplies as Russia-Ukraine Tensions Continue

President Biden and European Commission President Ursula von der Leyen pledged Friday to work closely to ensure adequate energy supplies for Europe, including liquefied natural gas (LNG), as geopolitical tensions between Russia and Ukraine show no signs of easing.  “The United States and the European Union (EU) are working jointly towards continued, sufficient and timely…

January 28, 2022
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