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Natural Gas Futures Flounder as Quick Warm-Up Seen Negating Impacts from Winter Storm Mara
Daily GPI – Natural Gas Intelligence Feb 1, 2023 | 23:03 pmNatural gas futures failed to sustain momentum, sliding midweek as traders brushed off what are likely to be temporary declines in production related to freeze-offs and instead focused on a quick warm-up expected this weekend. The March Nymex contract settled[…]
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Oman Continues to Advance LNG Supply Agreements in Latest Deal With Botas
Daily GPI – Natural Gas Intelligence Feb 1, 2023 | 21:10 pmOman has agreed to provide Turkey’s Botas with LNG beginning in 2025, continuing a streak of supply agreements that began last year as the nation looks to increase output of the super-chilled fuel. Oman LNG LLC would supply 1 million[…]
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Ohio Slaps ‘Green’ Label on Natural Gas as ‘An Opinion Statement,’ Says Governor
Daily GPI – Natural Gas Intelligence Feb 1, 2023 | 21:01 pmNatural gas is officially labeled “green” in Ohio after Gov. Mike DeWine last month signed House Bill (HB) 507 into law, though the green stamp may not carry much legislative weight for funding or regulations, according to the governor’s office. […]
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Enterprise Preparing to Launch Expanded Crude, NGL and Natural Gas Systems
Daily GPI – Natural Gas Intelligence Feb 1, 2023 | 20:58 pmEnterprise Product Partners LP has $3.6 billion of assets scheduled to begin commercial operations this year to expand natural gas, liquids and crude oil systems across the United States, with almost $2 billion more rolling off the boards through 2025,[…]
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‘Disappointed’ TC Energy Projecting 29% Cost Increase for Coastal GasLink Natural Gas Pipeline
Daily GPI – Natural Gas Intelligence Feb 1, 2023 | 17:16 pmTC Energy Corp. has again upwardly revised the expected cost of the Coastal GasLink (CGL) natural gas pipeline in Western Canada, citing challenges on multiple fronts. TC now expects the project to cost C$14.5 ($10.9 billion), up from C$11.2 billion[…]
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Global Natural Gas, Oil Exploration Soaring, with Focus on High-Value Assets
Daily GPI – Natural Gas Intelligence Feb 1, 2023 | 14:09 pmThe global natural gas and oil exploration sector had its strongest year in 2022 in a decade as national oil companies and majors focused on taking advantage of what might be a short-term window of opportunity. The sector created some[…]
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Bearish Temps Keeping Pressure on Natural Gas Futures, Though Other Factors Lend Support
Daily GPI – Natural Gas Intelligence Feb 1, 2023 | 14:00 pmAn exceptionally mild temperature outlook heading into the second week of February kept the pressure on natural gas futures early Wednesday as overnight forecasts trended warmer. The March Nymex contract was down 2.1 cents to $2.663/MMBtu at around 8:45 a.m.[…]
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Natural Gas Futures Eke Out Gain; Spot Prices Advance Third Straight Day
Daily GPI – Natural Gas Intelligence Jan 31, 2023 | 22:52 pmNatural gas futures stabilized on Tuesday, supported by a cold front, eased production and strength in cash markets Coming off a 17.2-cent drop in its debut as the front month a day earlier, the March Nymex gas futures contract on[…]
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Freeport LNG Ready to Introduce Feed Gas to Train 3 For First Time in Months
Daily GPI – Natural Gas Intelligence Jan 31, 2023 | 21:03 pmFreeport LNG Development LP has requested FERC’s approval to reintroduce feed gas to one of its three trains more than seven months after a fire and explosion knocked the Texas plant offline. In a filing on Monday, Freeport also said[…]
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Initial Expansion of TAP Natural Gas System Launches Bid to Double Azerbaijan Exports to Europe
Daily GPI – Natural Gas Intelligence Jan 31, 2023 | 20:49 pmAn initial capacity expansion of 1.2 billion cubic meters/year (Bcm/y) is underway on the Trans Adriatic Pipeline (TAP), the western connection bridging Azerbaijan’s natural gas production to Europe, as the European Union (EU) seeks to double imports through the system[…]
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