International

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…

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…

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…

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…

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…

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…

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…

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…

Natural gas futures on Tuesday rallied with vigor amid continued strength in U.S. exports of liquefied natural gas (LNG) and renewed concerns about European supplies that sent global gas prices higher. The December Nymex contract jumped 16.0 cents day/day and settled at $5.177/MMBtu. A day earlier, the prompt month posted a 22.6-cent gain. January advanced…