Story of the day
Natural Gas Futures Rally Above $2 on LNG Rebound, Supply Slowdown; Cash Jumps
E&P
Could Summer Demand, Lower Production Curb East Region Natural Gas Inventory Surpluses?
Supplies of natural gas in storage are stout everywhere, but East region inventories are closer to historical norms than any other section of the Lower 48. Should the densely populated Northeast sizzle amid scorching temperatures as forecast this summer, utilities in the heavy-gas consuming corner of the country could burn through more gas in the…
April 29, 2024
Natural Gas Prices
May Natural Gas Bidweek Ends with Whimper; Demand Too Weak to Trim Robust Supply
With mild weather on tap and natural gas supply remaining stubbornly high, baseload natural gas prices for May stayed depressed on Friday (April 26), the third day of bidweek trading, according to NGI’s Bidweek Alert (BWA). Activity trickled lower on the last day of bidweek trade for May baseload flows, with the Midwest and Midcontinent…
April 29, 2024
Natural Gas Prices
Freeport Restart Pushes Global Natural Gas Prices Lower – LNG Recap
European and Asian natural gas prices fell Monday as supply constraints eased, mainly at Freeport LNG on the upper Texas coast, which has restarted one of its three trains. Feed gas flows to the facility ticked upward over the weekend and were nominated Monday at nearly 800 MMcf/d, or their highest level in three weeks.…
April 29, 2024
Permian Basin
Chevron’s Permian Operations See Improvements in ‘Frack-to-Pop Cycle Times’
Chevron Corp.’s domestic operations, particularly in the Permian Basin, performed “stronger than we had anticipated” in the first quarter, with improved cycle times and natural gas and oil output, CEO Mike Wirth said Friday. During a conference call to discuss quarterly performance, Wirth explained to analysts how the Permian portfolio improved as the wellhead-to-sales times…
April 29, 2024
Infrastructure
Mexico’s CFE Touts Private Sector Natural Gas Partnerships as Pipeline Imports Grow
Mexico’s state power utility Comisión Federal de Electricidad (CFE) highlighted the expansion of its natural gas marketing business and partnerships with the private sector in a series of recent updates. In addition to its role as Mexico’s largest generator and distributor of electricity, CFE is the country’s primary importer and marketer of natural gas via…
April 29, 2024LNG
Venture Global Aims for Plaquemines LNG First Production By Summer – The Offtake
Venture Global LNG Inc. is looking to import at least three liquefied natural gas cargoes to aid in commissioning of Plaquemines LNG, according to a Department of Energy (DOE) filing.
April 29, 2024
LNG
Freeport Outage Cuts Into TotalEnergies’ First Quarter LNG Sales
TotalEnergies SE said Friday that its LNG sales decreased in the first quarter mainly due to lower demand in Europe and an unplanned outage at the Freeport export terminal on the upper Texas coast. The company has 2.2 million tons (Mt) of annual tolling capacity at Freeport’s Train 3, which was offline most of the…
April 29, 2024
NGI All News Access
Lower 48 E&P Activity Waning but Renewed Opportunities Seen in Deepwater GOM
The Gulf of Mexico (GOM) for decades was the breadbasket for U.S. natural gas and oil production, but the Lower 48 took over as unconventional drilling uncorked massive reserves. As onshore activity has waned, however, the deepwater is once again beckoning. Enverus Intelligence Research (EIR) director Andy McConn recently shared the firm’s outlook about the…
April 29, 2024
Energy Transition
TotalEnergies Amplifying U.S. RNG for Industrial Decarbonization
TotalEnergies SE has inked an agreement with BlackRock Inc.-backed Vanguard Renewables to advance nearly a dozen U.S. renewable natural gas (RNG) projects over the next year with total annual production capacity of 2.5 Bcf. Boston-based Vanguard, funded by BlackRock’s Diversified Infrastructure segment, plans initially to develop 10 projects. The first three from the joint venture…
April 26, 2024Recent News
Infrastructure
Mexico’s CFE Touts Private Sector Natural Gas Partnerships as Pipeline Imports Grow
Apr 29, 2024
Natural Gas Prices
Natural Gas Futures Rallying as Freeport Volumes Return — MidDay Market Snapshot
Apr 29, 2024
NGI All News Access
Lower 48 E&P Activity Waning but Renewed Opportunities Seen in Deepwater GOM
Apr 29, 2024
Natural Gas Prices
May Natural Gas Bidweek Ends with Whimper; Demand Too Weak to Trim Robust Supply
Apr 29, 2024
Permian Basin
Chevron’s Permian Operations See Improvements in ‘Frack-to-Pop Cycle Times’
Apr 29, 2024
Daily Gas Price Index
As one of only two price reporting agencies that include ICE trade data to determine natural gas price indexes, NGI delivers robust indexes at a competitive price.
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Markets
Natural Gas Futures Rally Above $2 on LNG Rebound, Supply Slowdown; Cash Jumps
Natural gas futures pushed higher on Monday, boosted by a full restart of Freeport LNG’s third train, supply interruptions in the Permian Basin and expectations for a below-average storage injection. At A Glance: June takes over as front month Freeport restarts third train NGI models 56 Bcf injection The June Nymex contract settled 10.7 cents…
April 29, 2024Natural Gas Prices
Freeport Restart Pushes Global Natural Gas Prices Lower – LNG Recap
April 29, 2024Mexico Gas Price Index
Daily news and natural gas pricing information service focused on price transparency in Mexico.
• Experienced insight into Mexican regulatory requirements, process guidelines and governmental oversight
• Regular interviews with Mexico natural gas subject matter experts
• NGI-calculated cost-plus-transport pricing, as well as official IPGN pricing
Infrastructure
Mexico’s CFE Touts Private Sector Natural Gas Partnerships as Pipeline Imports Grow
Mexico’s state power utility Comisión Federal de Electricidad (CFE) highlighted the expansion of its natural gas marketing business and partnerships with the private sector in a series of recent updates. In addition to its role as Mexico’s largest generator and distributor of electricity, CFE is the country’s primary importer and marketer of natural gas via…
April 29, 2024Regulatory
Mexico Energy Under Sheinbaum Could Follow Similar AMLO Model, Expert Analyst Says
April 26, 2024Shale Daily
Impactful news and transparent pricing for shale and unconventional plays across the U.S. and Canada.
• Natural gas prices at 20+ North American shale basins and unconventional plays
• Quickly understand major factors affecting on of the world’s largest natural gas supplies
• On-the-ground news coverage of crucial market events impacting supply and demand fundamentals
Markets
Natural Gas Futures Rally Above $2 on LNG Rebound, Supply Slowdown; Cash Jumps
Natural gas futures pushed higher on Monday, boosted by a full restart of Freeport LNG’s third train, supply interruptions in the Permian Basin and expectations for a below-average storage injection. At A Glance: June takes over as front month Freeport restarts third train NGI models 56 Bcf injection The June Nymex contract settled 10.7 cents…
April 29, 2024Infrastructure