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Sempra’s Energia Costa Azul LNG in Mexico Advancing to Summer 2025 Start
Shale Daily – Natural Gas Intelligence May 13, 2024 | 19:19 pmSempra is betting on substantial growth in global LNG demand over the coming years despite regulatory uncertainty over the future of U.S. exports, management said. CEO Jeffrey Martin hosted a conference call to discuss first quarter 2024 earnings for the[…]
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Brightening LNG Outlook Spurs Further Natural Gas Futures Gains — MidDay Market Snapshot
Shale Daily – Natural Gas Intelligence May 13, 2024 | 19:12 pmWith summer cooling demand just around the corner, and with continued signs of renewed strength at a major U.S. export terminal, natural gas futures were charting another leg higher through midday trading. Here’s the latest: June Nymex futures up 12.3[…]
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Global Natural Gas Prices Mixed on Stable Fundamentals – LNG Recap
Shale Daily – Natural Gas Intelligence May 13, 2024 | 18:10 pmGlobal natural gas prices were stable Monday as the market weighed easing supply constraints against forecasts for hotter weather in parts of the northern hemisphere and continued geopolitical tensions. In Europe, the Title Transfer Facility declined again, with the prompt[…]
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Energy Transfer Works Texas Natural Gas Price Spreads With Midstream Capacity, Storage Assets
Shale Daily – Natural Gas Intelligence May 13, 2024 | 13:32 pmEnergy Transfer LP is using its intrastate natural gas pipeline capacity in Texas to allow its customers to take advantage of the wide price spreads caused by sub-zero pricing in the Permian Basin. NGI’s Waha daily cash price has averaged[…]
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Saudi Aramco in Search of LNG Offtake Contracts to Gain Foothold in Global Trade
Shale Daily – Natural Gas Intelligence May 13, 2024 | 12:35 pmState-owned Saudi Arabian Oil Co., better known as Aramco, is working to secure LNG supply contracts for global trading as it continues to build on a strategy aimed at moving into the world’s natural gas market. Offtake contracts and a[…]
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Natural Gas Futures Steady as Consolidation Said Possible After May Rally
Shale Daily – Natural Gas Intelligence May 13, 2024 | 12:01 pmHaving surged higher since the start of the month, natural gas futures were steady in early trading Monday as the market continued to weigh a mixed shoulder season fundamental outlook. The June Nymex contract was up fractionally at $2.253/MMBtu as[…]
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Weekly Natural Gas Spot Prices Mixed Due to Waha Wildcard; Futures Rally on Lighter Production
Shale Daily – Natural Gas Intelligence May 10, 2024 | 21:50 pmWeekly natural gas cash prices were mixed as continued declines in production and pockets of strong demand empowered bulls, but weakness in West Texas kept bears in that region on the prowl. NGI’s Weekly Spot Gas National Avg. for the[…]
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Natural Gas Futures Take Breather to Stall Strong Win Streak; Spot Prices Vary
Shale Daily – Natural Gas Intelligence May 10, 2024 | 21:31 pmNatural gas futures finished Friday on a low note yet capped a solid week overall that was built on fading production, LNG advances and sections of strong weather-driven demand. The June Nymex gas futures contract settled at $2.252/MMBtu on Friday,[…]
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Natural Gas Forward Prices Rally as LNG Demand Seen Sharply Higher; Production Remains Off Highs
Shale Daily – Natural Gas Intelligence May 10, 2024 | 20:18 pmNorth American natural gas forwards rallied across the 2024 strip during the May 2-8 trading period as sagging production readings and an incrementally supportive LNG export outlook stirred bullish optimism. Benchmark Henry Hub set the tone, with June fixed prices[…]
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Mexico Energy Industry Expecting Improved Dialogue with Next Government
Shale Daily – Natural Gas Intelligence May 10, 2024 | 19:30 pm“My first hope for the next presidential administration in Mexico, whoever wins, is that they are receptive and listen to the voices of the sector,” Beatriz Marcelino, CEO of Grupo CIITA, told NGI’s Mexico GPI. “During the first years of[…]
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