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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
Oman Continues LNG Supply Push With Two New Deals – Three Things to Know About the LNG Market 

Oman Continues LNG Supply Push With Two New Deals – Three Things to Know About the LNG Market 

NO. 1: Feed gas deliveries to U.S. LNG export plants ticked back up on Thursday after recent downturns as maintenance season gets underway. Overall, U.S. feed gas demand was nominated at 10.8 Bcf, up 5% from Wednesday. Nominations for the Freeport liquefied natural gas export terminal in Texas on Thursday were at 276 MMcf, or…

April 18, 2024
From LNG to Data Centers, Kinder Morgan Bullish on Natural Gas Growth

From LNG to Data Centers, Kinder Morgan Bullish on Natural Gas Growth

Producers of natural gas may be struggling with low prices, but for pipeline operators like Kinder Morgan Inc. (KMI), the outlook is anything but bearish. The Houston-based midstreamer, which transports about 40% of the natural gas consumed in the United States, kicked off the first quarter earnings season with stellar results and a positive message…

April 18, 2024
Portion of Plaquemines LNG’s 2 Bcf/d Pipeline Project Ready for Service, Venture Global Says

Portion of Plaquemines LNG’s 2 Bcf/d Pipeline Project Ready for Service, Venture Global Says

The chances of feed gas being introduced to Venture Global LNG Inc.’s Plaquemines LNG project by the end of the year could be rising as the firm awaits approval to place a portion of its pipeline in service. Venture Global asked FERC to allow it to begin introducing natural gas to the 11.7-mile, 42-inch diameter…

April 18, 2024
Canadian Natural Gas Production Holds Strong, on Track for Record Year Despite Price Weakness

Canadian Natural Gas Production Holds Strong, on Track for Record Year Despite Price Weakness

Natural gas production held near all-time highs through the first quarter in Canada, even as prices slumped following a mild winter that left supplies in storage at robust levels. That’s because producers are looking beyond near-term weakness and toward an anticipated jump in export demand, according to analysts. LNG Canada is slated to begin operations…

April 17, 2024
Industry Rails Against Biden LNG Pause With Research on Environmental Advantages

Industry Rails Against Biden LNG Pause With Research on Environmental Advantages

U.S. natural gas trade groups this week unveiled a study to demonstrate that American LNG is mostly better for the environment than competing fossil fuels in overseas markets as they continue to push back against the Biden administration’s pause on export project authorizations. “American natural gas is not only critical to our economy, but it…

April 17, 2024
Freeport LNG’s Extended Drop in Feed Gas Adds Pressure to U.S. Natural Gas Demand

Freeport LNG’s Extended Drop in Feed Gas Adds Pressure to U.S. Natural Gas Demand

Flows of natural gas to Freeport LNG have remained at a trickle for a week, fueling market concern that possibly all three trains at the facility could be offline after a reported issue with Train 3 last week. Nominations for natural gas to the liquefied natural gas facility had been reduced to about one-fourth of…

April 17, 2024