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May Natural Gas Prices Retreat on Small Fluctuations in Supply/Demand Data

May Natural Gas Prices Retreat on Small Fluctuations in Supply/Demand Data

After a meaningful step higher over the past week or so, natural gas futures steadied a bit on Tuesday and traded in a tight range. Small deviations in supply and demand ultimately sent the May Nymex contract down 2.2 cents to settle at $2.727, while the June contract slipped 1.5 cents to $2.803. Spot gas…

April 20, 2021
U.S. Natural Gas Exports to Mexico Beating Expectations as Pemex Production Growth Fizzles

U.S. Natural Gas Exports to Mexico Beating Expectations as Pemex Production Growth Fizzles

Only a few months after President Andrés Manuel López Obrador vowed to end his nation’s dependence on natural gas imports from the United States, Mexico’s need for Lower 48 gas is surging. April is usually a month of lower energy demand in Mexico, when natural gas infrastructure undergoes maintenance and gas imports drop, but this…

April 20, 2021
ExxonMobil Eyeing $100B Carbon Capture Project in Houston Area

ExxonMobil Eyeing $100B Carbon Capture Project in Houston Area

ExxonMobil is looking for local, state and federal support to build a $100 billion project that would capture carbon emissions from the largest U.S. petrochemical complex along the Houston Ship Channel and bury them in the Gulf of Mexico. If the landmark project were to be built, ExxonMobil estimates that by 2030 the initial phase…

April 20, 2021
PG&E to Expand Use of Permanent Microgrids in Northern California

PG&E to Expand Use of Permanent Microgrids in Northern California

Pacific Gas and Electric Co. (PG&E) on Tuesday introduced a program to help Northern California communities develop permanent, multi-customer microgrids to ensure off-the-grid electricity to critical facilities and vulnerable customer groups. The first installation is set for the Yurok Tribe of Native Americans. The Community Microgrid Enablement Program (CMEP) would provide technical support and capital…

April 20, 2021
European, Asian Natural Gas Prices Rally as Market Continues Tightening — LNG Recap

European, Asian Natural Gas Prices Rally as Market Continues Tightening — LNG Recap

Natural gas prices in Europe and Asia are moving higher as the market has continued to tighten in a trend that’s setting the stage for a  bullish summer for liquefied natural gas (LNG) exports.  Both the prompt Title Transfer Facility (TTF) and National Balancing Point contracts jumped above $7/MMBtu last week, while Japan-Korea Marker (JKM)…

April 20, 2021
DOI’s Haaland Revokes Trump Orders Affecting Natural Gas, Oil Development, Creates Climate Task Force

DOI’s Haaland Revokes Trump Orders Affecting Natural Gas, Oil Development, Creates Climate Task Force

Department of the Interior (DOI) Secretary Deb Haaland has revoked a series of energy-related secretarial orders (SO) issued under the Trump administration and established a climate task force to coordinate across the department. Haaland did so last Friday by signing two SOs of her own, reflecting a see-saw pattern of executive action that is becoming…

April 20, 2021
Natural Gas Futures Rise Further on Strong Export Demand, Cooler Weather

Natural Gas Futures Rise Further on Strong Export Demand, Cooler Weather

Exports to Mexico hit fresh highs Hike because of lower production, strong power burns and industrial demand LNG exports also near record levels Natural gas futures resumed their climb on Monday, buoyed by near-record export demand and the arrival of chilly weather. With the latest forecast extending and intensifying the cooler temperatures, the May Nymex…

April 20, 2021
North Dakota, Others Defend DAPL, Cite Economic Harm of Potential Shutdown

North Dakota, Others Defend DAPL, Cite Economic Harm of Potential Shutdown

While opponents of Energy Transfer LP’s Dakota Access Pipeline (DAPL) have been seeking a shutdown of the line after a federal judge vacated a key permit last year, advocates of the controversial oil conduit are warning of major economic damage to stakeholders should operations cease. In a filing submitted Monday to the U.S. District Court…

April 20, 2021
Enbridge Predicting Oil Capacity Growth for Mainline Conduit to Lower 48

Enbridge Predicting Oil Capacity Growth for Mainline Conduit to Lower 48

Alberta and Saskatchewan oil producers stand to gain committed customers, reliable tolls and shipping capacity growth from the hotly contested service overhaul proposal for their chief conduit to markets across Canada and the United States, according to Enbridge Inc. The Calgary pipeline conglomerate predicted the benefits in a 94-page response to industry furor ignited by…

April 20, 2021
Natural Gas Unlikely to Play Leading Role in Cutting Maritime Emissions, World Bank Says

Natural Gas Unlikely to Play Leading Role in Cutting Maritime Emissions, World Bank Says

Liquefied natural gas (LNG) is unlikely to play a significant role in decarbonizing maritime transport, according to a World Bank report.  Ammonia and hydrogen produced from renewable electricity are more promising options as the sector works to cut its emissions to comply with international standards in the coming decades, the bank said.   The International Maritime…

April 20, 2021
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