NGI The Weekly Gas Market Report

Investment firm 8 Rivers Capital LLC has unveiled plans to build what could be the first pair of net-zero natural gas-fired power plants in the world. One facility would be in Decatur, IL, with a second on the Southern Ute Indian Reservation in Colorado. Each would generate 280 MW. The announcements follow plans by utilities,…

FERC on Thursday finalized in a 3-2 vote an immediate change in policy to clarify how it plans to consider market rules proposed by regional grid operators that want to incorporate carbon prices into the wholesale market. With Republicans James Danly and Mark Christi in partial dissent, the Federal Energy Regulatory Commission finalized the policy…

Mexico’s natural gas market is still in its early stages and suffers from a lack of competition, but that’s not too far from how things were in the United States when the market started, according to Mercuria Energy Co.’s Charles Blanchard. Blanchard, head of North American natural gas research, recently published an exhaustive study on…

Stronger-than-expected demand for natural gas across the world as the shoulder season gets underway is lifting sentiment in the shipping market, where rates to charter vessels are creeping upward.  “We are witnessing a rare scenario as the start of 2Q2021 has been rather exciting compared to previous years,” analysts at shipbroker Fearnleys AS said this…

EQT Corp., the nation’s largest natural gas producer, is pushing to ensure most of its Appalachian Basin supply is responsibly sourced and marketed as the globe transitions from fossil fuels. The pilot program, set to be launched this month, is designed to certify around 4 Bcf/d gross from 200-plus well pads in Pennsylvania’s Greene and…

Continental Resources Inc. said Tuesday it is on track to meet or exceed its 2021 full-year oil and natural gas production guidance. The Oklahoma City-based exploration and production (E&P) company also indicated that it has lowered its total debt by 10% since the end of 2020. In an update ahead of its 1Q2021 earnings call…

A coterie of European natural gas infrastructure companies this week expanded its vision for an extensive network of hydrogen pipelines to meet the continent’s future energy needs.  The European Hydrogen Backbone (EHB) initiative, which consists of 23 natural gas transmission system operators, proposed in a report released Tuesday building a nearly 25,000-mile hydrogen grid. Growth,…

Search and rescue efforts were continuing offshore Louisiana late Wednesday for 12 people who were missing after a commercial liftboat with a crew of 19 capsized. As of midday Wednesday, six people had been rescued, with one person confirmed dead after a Seacor Power liftboat, with a beam of 129 feet, capsized about 4:30 p.m.…

Liquids-rich natural gas and prolific oil properties in northwestern Alberta, known as the Charlie Lake field, inspired C$526 million (US$421 million) in deals announced this week by Calgary-based operators.  In one transaction, Tamarack Valley Energy Ltd. paid C$247.5 million ($198 million) cash and traded 105.3 million shares valued at C$2.34/share ($1.87) for Anegada Oil Corp.…