A published report claiming that FERC has informed liquefied natural gas (LNG) developers that reviews of project applications are 12-18 months behind schedule is incorrect, according to Chairman Kevin McIntyre.
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Natural Gas Futures Continue Slide as Another Light EIA Build Expected
The prospect of low stockpiles heading into the winter hasn’t bothered natural gas futures traders as of late, a trend that continued Wednesday as prices fell ahead of government storage data expected to show another leaner-than-average build. In the spot market, SoCal Citygate turned in another day of volatility, gaining big as most other regions pulled back; the NGI National Spot Gas Average dropped 4 cents to $2.70/MMBtu.
Another Light EIA Build Expected as NatGas Futures Slide; SoCal Spikes Again
The prospect of low stockpiles heading into the winter hasn’t bothered natural gas futures traders as of late, a trend that continued Wednesday as prices fell ahead of government storage data expected to show another leaner-than-average build. In the spot market, SoCal Citygate turned in another day of volatility, gaining big as most other regions pulled back; the NGI National Spot Gas Average dropped 4 cents to $2.70/MMBtu.
Global Natural Gas, Oil Spend Rising, with U.S. Unconventionals Still A Good Bet, Says IEA
Fossil fuel investments increased worldwide last year for the first time since 2014, with U.S. shale/tight oil and gas prospects improving, the International Energy Agency (IEA) said Tuesday.
Cooler Weather Helps Drag Down Natural Gas Futures as Production Keeping Bears in Control
Natural gas futures continued their recent slide Tuesday as strong production and cooler weather trends conspired to help drag down prices. In the spot market, more volatility in Southern California and retreating prices in the Northeast headlined a day of generally small adjustments; the NGI National Spot Gas Average gave back a penny to finish at $2.74/MMBtu.
Natural Gas Futures Slide Further on Production, Cooler Weather
Natural gas futures continued their recent slide Tuesday as strong production and cooler weather trends conspired to help drag down prices. In the spot market, more volatility in Southern California and retreating prices in the Northeast headlined a day of generally small adjustments; the NGI National Spot Gas Average gave back a penny to finish at $2.74/MMBtu.
August Natural Gas Called Higher as Overnight Forecasts Seen Slightly Cooler
August natural gas futures were set to open Tuesday about 2.2 cents higher at around $2.782/MMBtu, bouncing off of support around $2.75 even as forecasters noted slightly cooler trends overnight in the major weather models.
Developing Asian LNG Benchmark No Simple Task, Say Panelists
Even as a majority of global liquefied natural gas (LNG) demand is focused in Asia, developing a transparent price index — or multiple indexes — to reflect the region’s supply and demand dynamics remains a significant challenge, according to a group of panelists at last month’s 2018 World Gas Conference in Washington, DC.
People — Rusty Braziel
E. Russell “Rusty” Braziel has been appointed to serve on the National Petroleum Council (NPC) by Energy Secretary Rick Perry. The NPC is a self-funded advisory body to the Energy secretary whose members represent all sectors of the oil and gas industries and related interests. “The challenges facing today’s energy markets have never been greater, and I look forward to collaborating with other NPC members to address the important issues facing our industry,” Braziel said. “In particular, I hope to assist in the council’s work on an assessment of U.S. oil and gas transportation infrastructure,” which the Trump administration requested in 2017. Braziel is president and CEO of Houston-based RBN Energy, an energy market consultancy and analytics company. He is the author of “The Domino Effect: How the Shale Revolution Is Transforming Energy Markets, Industries, and Economics.” Braziel also is a member of the North American Energy Standards Board.
Steel Tariff Exemption Rejections Frustrating Members, Says API Execs
Officials with the American Petroleum Institute (API) said their member companies have been frustrated with the process the Trump administration established for requesting an exemption to tariffs on imported steel, with several petitions already rejected on vague grounds.