United States

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
White House Working to Ensure Russia-Ukraine Tensions Don’t Upend European Natural Gas Supply

White House Working to Ensure Russia-Ukraine Tensions Don’t Upend European Natural Gas Supply

The White House is working with European allies to ensure adequate natural gas supply in the event Russia cuts off access, press secretary Jen Psaki said this week. During a gaggle with the press, Psaki confirmed that the Biden administration has been working on contingency plans if Russia were to invade Ukraine. Russia is a…

January 26, 2022
Rebalancing Europe Seen Driving LNG Market Toward Another Volatile Year

Rebalancing Europe Seen Driving LNG Market Toward Another Volatile Year

It promises to be another volatile year for the liquefied natural gas (LNG) trade as the market continues to rebalance with European storage inventories woefully short and much riding on the rest of this winter.

January 19, 2022
Natural Gas Forwards Explode on Near-Term Cold, but Outlook Casts Doubt on Sustainability

Natural Gas Forwards Explode on Near-Term Cold, but Outlook Casts Doubt on Sustainability

Plunging temperatures, soaring demand and falling production resulted in stout price gains across U.S. natural gas forward curves for the Dec. 31-Jan 5 period, NGI’s Forward Look data showed. Dollar-plus price increases spread across Appalachia and the Northeast as output struggled to recover amid ongoing cold in the region. The reduction in supply – a…

January 7, 2022
U.S. Could Pass Australia, Qatar as Top LNG Exporter, Says IHS Markit

U.S. Could Pass Australia, Qatar as Top LNG Exporter, Says IHS Markit

The United States has the potential to be the world’s largest liquified natural gas (LNG) exporter in 2022, according to new analysis, boosted by swelling supplies and growing LNG terminal capacity. In a new report by researchers at IHS Markit, the United States could jump from the third largest exporter in 2021 to the top…

January 6, 2022
U.S. Drilling Activity Steady to Close Out 2021, Latest BKR Tally Shows

U.S. Drilling Activity Steady to Close Out 2021, Latest BKR Tally Shows

Overall drilling activity in the United States held steady to close out 2021, with the combined domestic count finishing unchanged at 586 for the week ended Friday (Dec. 31), according to updated figures published by Baker Hughes Co. (BKR). Total oil-directed rigs in the United States held steady at 480, while natural gas-directed rigs were…

January 3, 2022
Upcoming Chill Sends November Natural Gas Up to $6.20 at Expiration; Cash Rallies Too

Upcoming Chill Sends November Natural Gas Up to $6.20 at Expiration; Cash Rallies Too

That roar heard throughout the U.S. gas market on Thursday was that of natural gas futures, which went out like a lion Wednesday as yet another shift in the latest weather data led to continued volatility. The prompt month rolled off the board at $6.202, up 32.0 cents on the day. The December contract, which…

October 27, 2021
China’s Thirst for Natural Gas to Test an Already Stretched Energy Market This Winter

China’s Thirst for Natural Gas to Test an Already Stretched Energy Market This Winter

While the prospect of a cold winter is threatening to send an energy market already in crisis spiraling further, efforts in China to secure the supplies it needs to get through the season could make matters worse. China is the world’s largest energy consumer, and it has rapidly transformed into a natural gas-buying behemoth in…

October 15, 2021
No End in Sight for Surging October Natural Gas Futures, Spot Prices

No End in Sight for Surging October Natural Gas Futures, Spot Prices

Natural gas futures on Wednesday rallied for a third consecutive session, again touching a new high for the year as traders fixated on potentially sparse supplies in the United States and Europe ahead of the peak winter demand season.  At A Glance: Futures rally a third straight day Storage worries weigh on markets Cash prices…

September 15, 2021