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Natural Gas Futures Extend Rally in Week’s Closing Session
Daily GPI – Natural Gas Intelligence May 17, 2024 | 21:38 pmJune natural gas futures surged Friday, extending a rally that brought the contract to near a four-month high as fundamentals suggest a balancing market. At A Glance: Futures up 13.1 cents Production stabilized Waha down after storm The front-month contract[…]
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Australia Looks to Couple Natural Gas Development With Net-Zero Goals
Daily GPI – Natural Gas Intelligence May 17, 2024 | 20:32 pmAustralia’s government has included initiatives for substantial natural gas development with the launch of its Future Gas Strategy plan intended to help the country transition to cleaner energy by 2050. The latest plan assures global energy partners and foreign investors[…]
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No Weekly Change in U.S. Natural Gas Drilling Activity, Latest BKR Count Shows
Daily GPI – Natural Gas Intelligence May 17, 2024 | 19:03 pmThe U.S. natural gas rig count held steady at 103 for the week ended Friday (May 17), while a small increase in oil-directed drilling raised the combined domestic tally one unit to 604, according to the latest numbers from Baker[…]
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Gulfstream LNG Project Begins Regulatory Review Process at FERC, Secures Seed Funding
Daily GPI – Natural Gas Intelligence May 17, 2024 | 16:45 pmFERC has approved Gulfstream LNG Development LLC’s request to start the pre-filing permitting process, kicking off the regulatory review for its 4 million metric tons/year (mmty) liquefied natural gas export project planned for Plaquemines Parish, LA. The company submitted a[…]
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Lower Natural Gas Prices and Curbed Inflation Set Stage for Infrastructure-Supportive Interest Rate Cuts
Daily GPI – Natural Gas Intelligence May 17, 2024 | 14:53 pmNatural gas prices are on the rise in May, but they are coming off some of the lowest levels of the decade in April, as well as weakness through most of 2024. This sapped the will of natural gas bulls[…]
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Alberta’s Peyto Better Prepared for Wildfires, Expects Low Natural Gas Prices to Linger
Daily GPI – Natural Gas Intelligence May 17, 2024 | 13:17 pmAs wildfires rage across Western Canada, Peyto Exploration & Development Corp. has taken measures to mitigate potential impacts to its natural gas operations, according to CFO Tavis Carlson. Carlson and CEO Jean-Paul Lachance hosted a conference call to discuss first[…]
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When MVP Spigot Opens, Natural Gas Flows to Begin as Trickle, Putting Focus on SE Price Spreads
Daily GPI – Natural Gas Intelligence May 17, 2024 | 13:14 pmWhen the long-delayed Mountain Valley Pipeline LLC (MVP) starts up in the coming weeks, the natural gas flowing south into downstream markets is not expected to be anywhere near the pipeline’s full 2 Bcf/d capacity. That’s because past the southern[…]
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Natural Gas Futures Extend Rally; No LNG Impacts Observed After Houston Hit by Storms
Daily GPI – Natural Gas Intelligence May 17, 2024 | 13:00 pmBulls remained in control in natural gas futures trading early Friday as recent inventory data pointed to tight underlying balances heading into the peak summer months. The June Nymex contract was up 4.9 cents to $2.544/MMBtu as of 8:36 a.m.[…]
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Natural Gas Futures Add to Gains as Market Balances, Cash Varies
Daily GPI – Natural Gas Intelligence May 16, 2024 | 21:49 pmNatural gas futures on Thursday soared amid rising demand and the release of the latest storage data outlining an injection that was a bullish miss against expectations and historical averages. At A Glance: Storage up 70 Bcf Production dips Demand[…]
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Freeport LNG Restart Marks 1.5 MMty Production Boost as Debottlenecking Project Wraps Up
Daily GPI – Natural Gas Intelligence May 16, 2024 | 19:22 pmFreeport LNG Development LP is gearing up to expand its output of cargoes to the spot market after completing an expansion project during extended maintenance. Freeport management recently confirmed that all three trains at the Texas facility are back online[…]
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