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Natural Gas Forwards Nosedive on December Warmth, But Global Prices Still Seen Posing Risks

Natural Gas Forwards Nosedive on December Warmth, But Global Prices Still Seen Posing Risks

The natural gas market returned from Thanksgiving seemingly ready to pull the plug on winter.  Amid forecasts insisting on a milder December pattern that would substantially mitigate risks of a winter supply crunch, natural gas forwards dropped sharply during the Nov. 24-Dec. 1 trading period, NGI’s Forward Look data show. Henry Hub fixed price forwards…

December 3, 2021
U.S. Poised to Become World’s Biggest LNG Exporter, EIA Says

U.S. Poised to Become World’s Biggest LNG Exporter, EIA Says

The United States will become the world’s largest liquefied natural gas (LNG) exporter in 2022 once the sixth train at Cheniere Energy Inc.’s Sabine Pass terminal and Venture Global Inc.’s Calcasieu Pass facility come online in Louisiana next year, according to the Energy Information Administration (EIA). At that point, peak U.S. LNG production capacity would…

December 3, 2021

Venture Global Officially Files at FERC to Build Fourth LNG Terminal — The Offtake

A roundup of news and commentary from NGI’s LNG Insight Venture Global Global Inc. has filed with FERC for authorization to build a fourth LNG export terminal in Louisiana. The company also filed for a certificate to build an 85-mile natural gas pipeline to feed the 20 million metric tons/year (mmty) CP2 LNG facility, which…

December 3, 2021
Despite Northeast Surge, December Natural Gas Bidweek Prices Backtrack Amid Murky Demand Picture

Despite Northeast Surge, December Natural Gas Bidweek Prices Backtrack Amid Murky Demand Picture

Natural gas prices lost ground in December bidweek trading as markets mulled rising production levels and waning weather-driven demand across much of the Lower 48. NGI’s December Bidweek National Avg. shed 24.0 cents month/month to $5.890/MMBtu. Still, that more than doubled the $2.720/MMBtu average for December 2020, when prices were recovering from the demand destruction…

December 1, 2021
Russia’s Arctic LNG 2 Secures Financing, Clearing Path to Completion

Russia’s Arctic LNG 2 Secures Financing, Clearing Path to Completion

PAO Novatek said this week that the 19.8 million metric tons/year (mmty) Arctic LNG 2 project in Russia’s Far North signed loan agreements with a consortium of international banks, securing all the facility’s external funding. The banks agreed to provide $10.8 billion for up to 15 years for the $21 billion project that is to…

December 1, 2021
What’s Ahead for Lower 48 Oil and Gas Players in 2022? Listen Now to NGI’s Hub & Flow

What’s Ahead for Lower 48 Oil and Gas Players in 2022? Listen Now to NGI’s Hub & Flow

Click here to listen to the latest episode of NGI’s Hub & Flow podcast in which NGI’s Patrick Rau, director of Strategy & Research, shares takeaways from the third quarter energy company earnings results and insight into what’s ahead for operators in the Lower 48. In “Shale 4.0 — Natural Gas Earnings Takeaways from 3Q21,”…

December 1, 2021
Demand Pressure Prevails on Natural Gas Prices, with January Futures Falling a Second Day

Demand Pressure Prevails on Natural Gas Prices, with January Futures Falling a Second Day

Natural gas futures tumbled further on Tuesday as traders looked past robust demand for U.S. exports and fixated on exceptionally light domestic weather demand expectations heading into December. The January Nymex contract dropped 28.7 cents day/day and settled at $4.567/MMBtu. February fell 26.2 cents to $4.506. At A Glance: Forecasters call for warm December Production…

November 30, 2021
Australia Unveils Plan to Ensure Domestic Natural Gas Demand Is Met

Australia Unveils Plan to Ensure Domestic Natural Gas Demand Is Met

The Australian Government has outlined a program that it contends will help the country secure natural gas supplies over the next two decades. “The National Gas Infrastructure Plan supports a strategic approach to gas infrastructure investment over the next 20 years and aims to guide industry to priority areas that need to be addressed to…

November 30, 2021
January Natural Gas Futures Plunge in Debut Amid Mild Weather Signs, Coronavirus Concerns

January Natural Gas Futures Plunge in Debut Amid Mild Weather Signs, Coronavirus Concerns

Natural gas futures nosedived on Monday on forecasts for benign weather into December and worries about the possible effects of a new coronavirus variant on energy demand. The January Nymex contract, on its opening day as the prompt month, dropped 62.3 cents day/day and settled at $4.854/MMBtu. February fell 59.6 cents to $4.768. NGI’s Spot…

November 29, 2021
Global Natural Gas Markets Monitoring Spread of Latest Covid-19 Variant — LNG Recap

Global Natural Gas Markets Monitoring Spread of Latest Covid-19 Variant — LNG Recap

Natural gas prices in Asia and Europe moved higher Monday despite growing concerns over a new variant of Covid-19 that weighed on commodities late last week. A colder shift in the forecast and a reduction in pipeline imports in Europe were supporting prices as traders continue to monitor the potential impacts of the Omicron variant…

November 29, 2021
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