International

Natural Gas Futures Spiral Lower as Warmth Seen Lingering Through Early January; Cash Mixed

Natural Gas Futures Spiral Lower as Warmth Seen Lingering Through Early January; Cash Mixed

It won’t be death by a thousand cuts for natural gas. It’ll be far less than that after an increasingly bearish December weather outlook slashed another hefty chunk off natural gas prices to start the week, leaving prompt-month prices down about $1.20 since last Monday (Nov. 29). With production recovering from recent lows and sitting…

December 6, 2021
Aramco’s Jafurah Natural Gas Field Set to Produce 2.2 Bcf/d by 2030

Aramco’s Jafurah Natural Gas Field Set to Produce 2.2 Bcf/d by 2030

Saudi Arabia, the world’s largest oil producer, has ramped up development at the natural gas-rich Jafurah field in the Eastern Province, considered the largest unconventional field of its kind in the Kingdom. State-owned Saudi Arabian Oil Co., aka Aramco, secured regulatory approval in early 2020 to develop the mega field, which holds an estimated 200…

December 1, 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
Argentina Advancing Vaca Muerta Natural Gas Pipeline Project

Argentina Advancing Vaca Muerta Natural Gas Pipeline Project

Natural gas output from Argentina’s Vaca Muerta formation in the Neuquén Basin has been growing steadily, and President Alberto Fernández has greenlighted an infrastructure project to move the fuel to market. The aim of the project is to further spur natural gas production from Vaca Muerta and to reduce the nation’s reliance during winter months…

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
RSG Seen as Key to Unlocking More Natural Gas Export Demand in Developed Countries

RSG Seen as Key to Unlocking More Natural Gas Export Demand in Developed Countries

Responsibly-sourced natural gas (RSG) is key to unlocking more demand for the fuel overseas, but largely in countries that can afford it, according to a panel of U.S. producers and exporters that spoke in Washington, DC, earlier this month. “RSG is a contract between a region that is privileged to have the supply and a…

November 24, 2021
Montney Natural Gas Growth Fueling Proposed NGL Conduit from BC to Alberta

Montney Natural Gas Growth Fueling Proposed NGL Conduit from BC to Alberta

Growth in Montney Shale natural gas production is fueling a C$350 million ($280 million) proposal for a natural gas liquids (NGL) pipeline from the northeastern British Columbia (BC) industry hotspot to a processing and trading location in Alberta. NorthRiver Midstream NEBC Connector GP Inc. set a completion target of late 2024 for the conduit in…

November 23, 2021
Biden Orders Release of Oil Reserves in Concert With Other Countries to Curb Price Inflation

Biden Orders Release of Oil Reserves in Concert With Other Countries to Curb Price Inflation

With gasoline prices recently hovering near multi-year highs and crude production lagging demand in 2021, President Biden on Tuesday said his administration would tap the Strategic Petroleum Reserve (SPR) as part of a broader international move to boost supply and curb costs at the pump. The United States is coordinating the release along with similar…

November 23, 2021
Tough Winter Ahead for the LNG Market? – Listen Now to NGI’s Hub & Flow

Tough Winter Ahead for the LNG Market? – Listen Now to NGI’s Hub & Flow

Click here to listen to the latest episode of NGI’s Hub & Flow podcast for an overview of what’s moving LNG markets as colder weather settles in across the Northern Hemisphere.  NGI’s Senior LNG Editor Jamison Cocklin is joined by Jason Feer, global head of business intelligence at consultancy and shipbroker Poten & Partners, to…

November 22, 2021
Natural Gas Prices Reverse Course, with December Futures in Freefall

Natural Gas Prices Reverse Course, with December Futures in Freefall

Natural gas futures careened on Wednesday amid profit-taking and expectations for a relatively plump storage increase for mid-November. The December Nymex contract dropped 36.1 cents day/day and settled at $4.816/MMBtu. January fell 35.6 cents to $4.914. NGI’s Spot Gas National Avg. shed 18.5 cents to $4.845. The prompt month had advanced more than 38 cents…

November 17, 2021