Winter

Mexico’s natural gas system is standing firm amid bitingly cold weather in Texas that brought back memories of the 2021 winter storm that deeply impacted cross-border flows. On Friday night, Mexico power system operator Cenace declared a state of operational emergency on the national grid “due to the possibility of rationing of natural gas imported…

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…

Natural gas futures cratered Monday, hammered by soaring natural gas production and a lack of weather-driven demand. At A Glance: Front month sinks 15.0 cents Mild weather persists California spot prices rise The January Nymex natural gas contract settled 15.0 cents lower at $2.431/MMBtu. The front-month reversed earlier losses to a $2.294 intraday low. February…

Front-month natural gas forwards finished higher at most Lower 48 hubs during the Nov. 8-15 trading period, though bearish price action farther along the strip suggested a market incrementally less convinced of winter upside, according to NGI’s Forward Look. Fixed prices at Henry Hub picked up 5.1 cents for December delivery to end the period…

The December natural gas futures contract opened its front-month campaign with a whimper, hampered by warming trends in weather forecasts, profit-taking and expectations for one more stout storage increase. At A Glance: Futures shed 13.1 cents Forecasts trend warmer NGI models 82 Bcf build Coming off solid gains over the course of the prior week,…

Heating with natural gas could cost U.S. residential customers less than last year and may be more affordable than other heating fuels, according to the National Energy Assistance Directors Association (NEADA).  NEADA, an organization led by state directors from the federal Low Income Home Energy Assistance Program, said in a report that while heating costs…

Despite a slower than expected economic recovery from the Covid-19 pandemic, China gradually regained its position as the world’s largest LNG importer in July, raising the potential for a winter supply squeeze. China’s liquefied natural gas imports from the beginning of the year through July totaled 42.2 million tons (Mt), placing it around 2 Mt…

With dangerous heat leaving California electric grid operators struggling to meet heightened demand, natural gas forward prices in the southern part of the state rallied sharply from July 20-26, according to NGI’s Forward Look. Daytime temperatures have lingered at or above the century mark for most of July in parts of California, driving up cooling…

Industry and government experts said to ensure New England has the energy resources available to ensure reliability in the winter, more natural gas infrastructure and transmission for renewables must be built.  During the Federal Energy Regulatory Commission’s second New England Winter Gas-Electric Forum earlier this week, half of the discussions centered around the potential closure…