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October Natural Gas Futures Eke Out Gain to End Losing Streak; Spot Prices Slide Again
Daily GPI – Natural Gas Intelligence Sep 22, 2023 | 21:05 pmBoosted by early bargain buying, natural gas futures finished the week with a modest gain, snapping a two-day run of losses. But the front month struggled to muster much momentum amid strong supply levels, rapidly declining demand and weakening cash[…]
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South Central Gains, Coastal Selling in Mixed Week of Natural Gas Forwards Trading
Daily GPI – Natural Gas Intelligence Sep 22, 2023 | 20:00 pmA mixed week of natural gas forwards price action brought strengthening in the south central Lower 48, countered by shoulder season moderation for the Northeast and out West, an analysis of NGI’s Forward Look data for the Sept. 14-20 trading[…]
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U.S. Natural Gas Rigs Down Three and Oil Leads Double-Digit Drop in Combined Count
Daily GPI – Natural Gas Intelligence Sep 22, 2023 | 18:06 pmThe U.S. oil and gas rig count pulled back sharply during the week ending Friday (Sept. 22), falling 11 units to 630 amid notable losses in the Permian Basin and the Haynesville Shale, according to the latest Baker Hughes Co.[…]
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Australian LNG Union Workers End Strikes at Chevron’s Gorgon, Wheatstone Facilities
Daily GPI – Natural Gas Intelligence Sep 22, 2023 | 16:12 pmWork stoppages at two of Chevron Corp.’s Australian LNG terminals have ended while union members finalize negotiations with the company after almost two months of labor disputes. The Australian Workers’ Union (AWU), one of two organizations representing offshore and liquefied[…]
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FERC Approves Next Phase of Port Arthur LNG, Other Export Projects After Impasse
Daily GPI – Natural Gas Intelligence Sep 22, 2023 | 16:11 pmFERC has approved a suite of natural gas projects, including the second phase of the Port Arthur LNG project, following a key meeting on Thursday when it addressed the items that were struck from its agenda in July following an[…]
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Improving Natural Gas Infrastructure Paramount for Cold Weather Reliability, Says FERC Chair
Daily GPI – Natural Gas Intelligence Sep 22, 2023 | 14:01 pmWinter Storm Elliott, which slammed the East Coast in late 2022, made it “abundantly clear” that major improvements have to be made to the natural gas and electric grid systems, FERC Chair Willie Phillips said Thursday. Speaking during a regular[…]
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Louisiana’s Cameron Parish Advancing CCS Hub to Store Emissions from LNG, Petchem Facilities
Daily GPI – Natural Gas Intelligence Sep 22, 2023 | 13:23 pmA carbon capture project that would be sited offshore Louisiana’s industrial-heavy Cameron Parish is inching forward after Carbonvert Inc. and Castex Energy Inc. clinched an operating agreement with state officials. Houston-based Carbonvert, a carbon capture and storage (CCS) expert, is[…]
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Natural Gas Futures Pare Losses Early as Traders Mull Tight EIA Print
Daily GPI – Natural Gas Intelligence Sep 22, 2023 | 12:57 pmNatural gas futures pared their recent losses early Friday as traders and analysts continued to mull balances following a tighter-than-normal inventory build in the latest weekly government report. Coming off a 12.3-cent sell-off in the previous session, the October Nymex[…]
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Natural Gas Futures Falter Following In-Line Inventory Print; Cash Prices Called Lower
Daily GPI – Natural Gas Intelligence Sep 21, 2023 | 21:41 pmNatural gas futures fell for a second consecutive day, with cooler weather and diminished demand overshadowing hits to production and a seasonally light storage injection. At A Glance: EIA posts 64 Bcf storage injection Production lower on maintenance Cooling demand[…]
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Europe Continues to Lean Heavily on Russian LNG Imports
Daily GPI – Natural Gas Intelligence Sep 21, 2023 | 19:14 pmEurope continues to rely on Russian LNG imports to compensate for the decline in pipeline deliveries from the country, despite calls to ban the super-chilled fuel. For the first eight months of the year, Russian liquefied natural gas exports totaled[…]
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