Wood Mackenzie

Alaska LNG Said Competitive with Gulf Coast Exports – Under Right Conditions

Alaska LNG Said Competitive with Gulf Coast Exports – Under Right Conditions

The long-planned Alaska liquefied natural gas (LNG) project could competitively rival both foreign and Gulf Coast competitors with deliveries to Asia, according to a new cost analysis by Wood Mackenzie. Alaska LNG could deliver super-chilled gas to Japan with a cost of supply (CoS) of $6.70/MMBtu, under the conditions studied by the consultancy. The latest…

February 3, 2022
Natural Gas Futures, Cash Prices Fall as Ida Slashes Demand; Storm Tees Up ‘Tame September’

Natural Gas Futures, Cash Prices Fall as Ida Slashes Demand; Storm Tees Up ‘Tame September’

Though still early for a full assessment of former Hurricane Ida, natural gas futures traders on Monday focused squarely on the destruction of natural gas demand brought about by the catastrophic Category 4 storm. The October Nymex gas futures contract, on its first day in the prompt position, settled at $4.305, off 8.3 cents from…

August 30, 2021
Natural Gas Futures Start Week with Big Rally After Volatile Session; Cash Strengthens

Natural Gas Futures Start Week with Big Rally After Volatile Session; Cash Strengthens

Big fluctuations continued along the Nymex natural gas futures curve early Monday as traders wrestled with hotter shifts in the latest weather models and a step up in production. The September contract, which rolls off the board later this week, settled at $3.945, up 9.4 cents on the day. October also picked up 9.4 cents…

August 23, 2021
Cooler Weather Forecast, Persistently Softer LNG Volumes Send Natural Gas Futures Prices Tumbling

Cooler Weather Forecast, Persistently Softer LNG Volumes Send Natural Gas Futures Prices Tumbling

After another run toward $4.200/MMBtu last week, natural gas futures took a nosedive on Monday as long-range weather forecasts continued to cool while liquefied natural gas (LNG) demand remained well off recent highs. The September Nymex gas futures contract settled at $4.060, off 8.0 cents from Friday’s close. October dropped 7.9 cents to $4.075. Spot…

August 9, 2021
September Natural Gas Prices Trim Early Gains, but Settle Higher on Returning Heat

September Natural Gas Prices Trim Early Gains, but Settle Higher on Returning Heat

Natural gas futures traded both sides of the $4.00/MMBtu mark on Monday as bullish weather forecasts and persistently sagging storage levels quickly reversed the losses from late last week. The September Nymex gas futures contract hit a $4.042 intraday high but ultimately finished the day at $3.935, up only 2.1 cents from Friday’s close. Spot…

August 2, 2021
Global LNG Buyers Said Looking to ‘Bridge’ Current Supply Crunch with Short-Term Contracts

Global LNG Buyers Said Looking to ‘Bridge’ Current Supply Crunch with Short-Term Contracts

Global liquefied natural gas (LNG) buyers, hammered by high spot prices in Asia, are increasingly looking to short-term “bridge” contracts to ensure ample supply until demand is expected to cool down later this decade, according to an analysis by Wood Mackenzie. Asian spot prices are hovering around $12/MMBtu for June and July delivery as demand…

June 15, 2021
June Natural Gas Futures Inch Higher Amid LNG Strength, Potential for Storage Depletion

June Natural Gas Futures Inch Higher Amid LNG Strength, Potential for Storage Depletion

Natural gas futures advanced for a second consecutive session on Monday, as traders mulled weather-driven demand potential, continued strong liquefied natural gas (LNG) volumes and the potential for light storage levels moving through the summer months.   The June Nymex contract advanced 3.5 cents day/day and settled at $2.966/MMBtu. July rose 3.6 cents to $3.014. Spot…

May 3, 2021
Global LNG Prospects Seen Dwindling as Renewables, Efficiencies Expand

Global LNG Prospects Seen Dwindling as Renewables, Efficiencies Expand

More than 75% of new liquefied natural gas (LNG) global supply could be at risk because of quickly expanding renewable energy resources, according to an analysis by Wood Mackenzie. In a forecast issued on Wednesday, the consultancy said its scenario for worldwide gas demand is going to come under pressure as power sector investments increase…

December 9, 2020
Energy Transition Could Put Major Dent in Upstream Natural Gas Investment, Wood Mackenzie Says

Energy Transition Could Put Major Dent in Upstream Natural Gas Investment, Wood Mackenzie Says

Limiting human-induced global warming to under 2 degrees Celsius would put an estimated 65% dent in upstream natural gas investment through 2040, according to new analysis by Wood Mackenzie. Although natural gas is the cleanest-burning fossil fuel, there is more to the story of the molecule’s total climate-warming impact, researchers said Wednesday. Liquefied natural gas…

November 12, 2020

Permian Water Shortages Cited as Material Risk to E&P Profits, Output

Permian Basin operators have been raising more rigs and ramping up completions of late, but persistent water issues could be a material risk to future profitability and production, according to Wood Mackenzie.

June 11, 2018
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