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EU Firms Up Green Investment Criteria, with Natural Gas Considered Later

EU Firms Up Green Investment Criteria, with Natural Gas Considered Later

The European Commission on Wednesday punted the question of natural gas as an energy transition fuel down the road as it moved closer to making official criteria for what it considers a “green” investment. The College of Commissioners reached a political agreement on the European Union (EU) Taxonomy Climate Delegated Act, which aims to provide…

April 21, 2021
Baker Hughes Raises Global LNG Demand Forecast to 2030

Baker Hughes Raises Global LNG Demand Forecast to 2030

Baker Hughes Co. is projecting global demand growth for oil and natural gas into the second half of the year, aligned with rising demand for carbon-neutral products. “As we look ahead to the rest of 2021, we remain cautiously optimistic that the global economy and oil demand will recover from the impact of the global…

April 21, 2021
IEA Cautions CO2 Emissions to Spike in 2021 as Global Economy Emerges From Pandemic

IEA Cautions CO2 Emissions to Spike in 2021 as Global Economy Emerges From Pandemic

Carbon dioxide (CO2) emissions are poised to soar in 2021 as energy use mounts alongside global economic momentum, the International Energy Agency (IEA) said in a report Tuesday. The Paris-based energy watchdog estimated that emissions would spike by 1.5 billion metric tons/year. It would mark the second-biggest increase on record and more than reverse the…

April 21, 2021
Mild Temps, Weaker Fundamentals Seen Keeping Pressure on Natural Gas Futures

Mild Temps, Weaker Fundamentals Seen Keeping Pressure on Natural Gas Futures

Natural gas futures retreated in early trading Wednesday amid forecasts for mild temperatures and lower weather-driven demand starting next week. The May Nymex contract was down 3.3 cents to $2.694/MMBtu at around 8:45 a.m. ET. The latest 15-day forecast from Bespoke Weather Services remained essentially unchanged early Wednesday, albeit with a slight change in the…

April 21, 2021
May Natural Gas Prices Retreat on Small Fluctuations in Supply/Demand Data

May Natural Gas Prices Retreat on Small Fluctuations in Supply/Demand Data

After a meaningful step higher over the past week or so, natural gas futures steadied a bit on Tuesday and traded in a tight range. Small deviations in supply and demand ultimately sent the May Nymex contract down 2.2 cents to settle at $2.727, while the June contract slipped 1.5 cents to $2.803. Spot gas…

April 20, 2021
European, Asian Natural Gas Prices Rally as Market Continues Tightening — LNG Recap

European, Asian Natural Gas Prices Rally as Market Continues Tightening — LNG Recap

Natural gas prices in Europe and Asia are moving higher as the market has continued to tighten in a trend that’s setting the stage for a  bullish summer for liquefied natural gas (LNG) exports.  Both the prompt Title Transfer Facility (TTF) and National Balancing Point contracts jumped above $7/MMBtu last week, while Japan-Korea Marker (JKM)…

April 20, 2021
Natural Gas Unlikely to Play Leading Role in Cutting Maritime Emissions, World Bank Says

Natural Gas Unlikely to Play Leading Role in Cutting Maritime Emissions, World Bank Says

Liquefied natural gas (LNG) is unlikely to play a significant role in decarbonizing maritime transport, according to a World Bank report.  Ammonia and hydrogen produced from renewable electricity are more promising options as the sector works to cut its emissions to comply with international standards in the coming decades, the bank said.   The International Maritime…

April 20, 2021
Despite Lower Demand, U.S. Natural Gas Market Expected to ‘Net Grow’

Despite Lower Demand, U.S. Natural Gas Market Expected to ‘Net Grow’

Natural gas isn’t going anywhere soon and overall demand for U.S. gas will keep growing on the back of rising exports, according to Mercuria Energy Co.’s Charles Blanchard. Blanchard, head of North American natural gas research, recently published an exhaustive study on the history of natural gas in the United States called, “The Extraction State.”…

April 20, 2021
Near-Record Export Demand Fuels More Gains for Natural Gas Futures, Cold Snap Boosts Cash

Near-Record Export Demand Fuels More Gains for Natural Gas Futures, Cold Snap Boosts Cash

Natural gas futures resumed their climb on Monday, buoyed by near-record export demand and the arrival of chilly weather. With the latest forecast extending and intensifying the cooler temperatures, the May Nymex contract settled 6.9 cents higher at $2.749. June climbed 6.4 cents to $2.818. Spot gas prices also moved higher in most areas outside…

April 19, 2021
NextDecade, Project Canary Launch GHG Monitoring Pilot for Rio Grande LNG

NextDecade, Project Canary Launch GHG Monitoring Pilot for Rio Grande LNG

U.S. liquefied natural gas (LNG) developer NextDecade Corp. is teaming up with Project Canary to measure greenhouse gas (GHG) emissions associated with cargoes from the planned Rio Grande export facility in Texas, an effort the companies said is the first of its kind in the global LNG industry. The joint pilot project would focus on…

April 19, 2021
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