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Don’t Look Now but North American Natural Gas Demand to Soar in ‘25 and Beyond, Says Halliburton CEO

Don’t Look Now but North American Natural Gas Demand to Soar in ‘25 and Beyond, Says Halliburton CEO

The timing for the next leg of growth in North America remains uncertain, but there’s “no question” that natural gas output will drive the market into 2025 and beyond because of LNG exports and rising electricity demand, Halliburton Co. CEO Jeff Miller said. Speaking to analysts during the first quarter conference call, Miller was asked…

April 23, 2024
MARAD Requests Updated Application for Delfin LNG Offshore Export Project

MARAD Requests Updated Application for Delfin LNG Offshore Export Project

The U.S. Maritime Administration (MARAD) has ordered Delfin LNG LLC to submit an updated application to build and operate its proposed export project in the Gulf of Mexico. Seven years after the agency granted Delfin a record of decision (ROD) for the more than 13 million metric tons/year (mmty) capacity project offshore Louisiana, MARAD staff…

April 23, 2024
May Natural Gas Futures Slightly Lower as Mild Forecast Pressures Prices

May Natural Gas Futures Slightly Lower as Mild Forecast Pressures Prices

With the market continuing to balance near-term oversupply against longer term bullishness, natural gas futures moved slightly lower at the front of the curve in early trading Tuesday. The May Nymex contract was down 1.7 cents to $1.774/MMBtu at around 8:45 a.m. ET. June was off 1.7 cents to $2.048. A recently updated outlook from…

April 23, 2024
Global Natural Gas Prices Stable as Fears Ease Over Middle East Conflict – LNG Recap

Global Natural Gas Prices Stable as Fears Ease Over Middle East Conflict – LNG Recap

Asian and European natural gas prices declined Monday as geopolitical tensions in the Middle East eased and the supply outlook strengthened. Prices were stable last week when the market shrugged off the impacts of attacks carried out by Israel and Iran. With no apparent threat to production in the Eastern Mediterranean or shipping in the…

April 22, 2024
Natural Gas Pipeline Nominations, Vessel Traffic Indicate Freeport LNG Production Returns

Natural Gas Pipeline Nominations, Vessel Traffic Indicate Freeport LNG Production Returns

Operations at Freeport LNG could be ramping up again after more than a week of near-zero gas flows to the Texas facility drove speculation that multiple trains were offline, according to pipeline and vessel data. Feed gas nominations for the liquefied natural gas terminal started rising over the weekend and have grown to about 17%…

April 22, 2024
Japan’s LNG Consumption Expected to Decline This Year 

Japan’s LNG Consumption Expected to Decline This Year 

Despite fuel restrictions at four of Jera Co. Inc.’s gas-fired power plants in Tokyo last month, Japan’s LNG imports are again expected to decline this year.  Liquefied natural gas stockpiles hit their lowest point since January 2021 last month, when they fell below the five-year average of 2.14 million tons (Mt). Cargo deliveries were delayed…

April 22, 2024
May Natural Gas Called Slightly Higher as Traders Eye Production, Cool Temps

May Natural Gas Called Slightly Higher as Traders Eye Production, Cool Temps

Natural gas futures nudged higher early Monday as near-term heating demand and soft springtime production offered support for prices. The May Nymex contract was up 2.1 cents to $1.773/MMBtu at around 8:45 a.m. ET. June was up 2.5 cents to $2.013. Updated estimates Monday showed domestic production remaining steady at sub-100 Bcf/d levels.  Bloomberg data…

April 22, 2024
Groningen Field to Permanently Close as the Netherlands Increases Pipeline and LNG imports

Groningen Field to Permanently Close as the Netherlands Increases Pipeline and LNG imports

The Netherlands is expected to permanently close the huge Groningen natural gas field, the Dutch Senate announced this week. Groningen, one of the largest gas fields in Europe, caused earthquakes and damage to local communities for more than 20 years, which created debate among politicians, local residents and gas industry supporters for years about whether…

April 19, 2024
U.S. LNG Could Be Heading for Open Arbitrage Moment, but Shipping Challenges Persist

U.S. LNG Could Be Heading for Open Arbitrage Moment, but Shipping Challenges Persist

With geopolitical tensions in the Middle East continuing to make the Suez Canal a risky crossing, almost 20% of all U.S. LNG exports have taken the longer route around southern Africa so far this year, according to data from Kpler. After conflict in Israel and Gaza sparked off in October, the threat of rocket attacks…

April 19, 2024
Slight Pullback for Natural Gas Futures Early as Shoulder Season Balances in Focus

Slight Pullback for Natural Gas Futures Early as Shoulder Season Balances in Focus

Natural gas futures eased lower at the front of the curve early Friday as the market continued to assess balances following updated storage data that landed in line with expectations. The May Nymex contract was down 2.6 cents to $1.731/MMBtu at around 8:30 a.m. ET. The U.S. Energy Information Administration (EIA) on Thursday reported a…

April 19, 2024
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