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Mixed Natural Gas Price Trends Seen for November Baseload amid Winter Risk, Robust Supply

Mixed Natural Gas Price Trends Seen for November Baseload amid Winter Risk, Robust Supply

With hints of chillier weather arriving in the Lower 48 in November, along with an expected rise in LNG demand, baseload natural gas prices for November were trending higher, according to NGI’s Bidweek Alert (BWA). Northeast locations swung from a discount to a premium over benchmark Henry Hub prices as brief blasts of frigid air…

October 26, 2022
Cheniere Signals Natural Gas Emissions Worth Monitoring at Sabine Pass, Corpus Christi LNG Terminals

Cheniere Signals Natural Gas Emissions Worth Monitoring at Sabine Pass, Corpus Christi LNG Terminals

Cheniere Energy Inc. has begun measuring greenhouse gas (GHG) emissions at its two Gulf Coast LNG export terminals to demonstrate its progress to export “cleaner” natural gas. The Houston-based liquefied natural gas exporter has joined the United Nations Environment Programme’s (UNEP) Oil and Gas Methane Partnership (OGMP) 2.0. Cheniere has also initiated the quantify, monitor,…

October 26, 2022
Montney Natural Gas Output Poised to Reach 9.2 Bcf/d on Pipeline Expansions

Montney Natural Gas Output Poised to Reach 9.2 Bcf/d on Pipeline Expansions

Processing plant and pipeline additions should enable natural gas production to more than double in the Montney Shale, according to the Canada Energy Regulator (CER). Expansions by 46 plants have grown capacity in northeastern British Columbia (BC) along the Alaska Highway to 9.2 Bcf/d, or 59% more than the current 5.8 Bcf/d processing volume, a…

October 26, 2022
Hampered by Weak Heating Demand Outlook, Natural Gas Futures Reverse Lower

Hampered by Weak Heating Demand Outlook, Natural Gas Futures Reverse Lower

Amid a continued lack of early winter heating demand in the latest forecasts, natural gas futures reversed lower in early trading Wednesday. After rallying 41.4 cents in the previous session, the November Nymex contract was down 25.8 cents to $5.355/MMBtu at around 8:40 a.m. ET. December was off 32.9 cents to $5.837. With forecasts showing…

October 26, 2022
Bargain Buyers Sustain Natural Gas Futures Rally; West Texas Cash Prices Flip Negative

Bargain Buyers Sustain Natural Gas Futures Rally; West Texas Cash Prices Flip Negative

Natural gas futures on Tuesday advanced a second-straight session amid calls for colder weather patterns, production interruptions and the looming expiration of the prompt month contract. After a steep sell-off last week, traders also stepped back into the market to buy gas at a discount ahead of winter. Following a 24.0-cent rally in the previous…

October 25, 2022
Trinidad Eyes Increased Global LNG Re-Exports with Venezuela Natural Gas

Trinidad Eyes Increased Global LNG Re-Exports with Venezuela Natural Gas

As the major LNG exporting country adapts to declining domestic production, the government of Trinidad and Tobago is exploring options to import natural gas from neighboring countries in order to re-export it to the global market, and in particular, Europe. One of the most viable options, according to Trinidadian officials, could be tapping ample Venezuelan…

October 25, 2022
France, Portugal, Spain Ditch MidCat Natural Gas Expansion for Subsea ‘Green Energy Corridor’

France, Portugal, Spain Ditch MidCat Natural Gas Expansion for Subsea ‘Green Energy Corridor’

France, Portugal and Spain have agreed to plan new energy connections between the three countries, not through an expansion of the Midi-Catalonia natural gas project – or MidCat – but through a “green energy corridor,” the countries’ leaders said in a joint statement. Ahead of the European Commission’s Thursday meeting on energy price policies in…

October 25, 2022
Why Are European LNG Prices Lower than TTF? Listen Now to NGI’s Hub & Flow

Why Are European LNG Prices Lower than TTF? Listen Now to NGI’s Hub & Flow

Click here to listen to the latest episode of NGI’s Hub & Flow. Spark Commodities CEO Tim Mendelssohn joins NGI’s Jamison Cocklin, editor of LNG Insight, to discuss the growing gap between the price of LNG landing in Europe and pipeline hubs on the continent like the Title Transfer Facility. The conversation also touches on…

October 25, 2022
Shell Boosts Stake in Qatar’s North Field LNG Expansion

Shell Boosts Stake in Qatar’s North Field LNG Expansion

QatarEnergy has selected Shell plc as its second partner in the North Field South (NFS) project, awarding a 9.75% stake in the 16 million metric tons/year (mmty) LNG expansion.  QatarEnergy CEO Saad Sherida Al-Kaabi was joined by Shell CEO Ben van Beurden at a signing ceremony in Doha Sunday. Shell joins TotalEnergies SE, which was…

October 25, 2022
Natural Gas Futures Recover Some Ground as Weather Model Adds Modest Demand

Natural Gas Futures Recover Some Ground as Weather Model Adds Modest Demand

Stronger cash prices, short-covering and caffeine following late-night celebrations as the Houston Astros swept the New York Yankees to advance to their fourth World Series in six years. Those were among the myriad reasons market observers gave for Monday’s recovery along the Nymex natural gas futures curve. At A Glance: HDDs added to long-range forecasts…

October 24, 2022