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The Latest Breaking News from Natural Gas

Nat-Gas Prices Jump on Forecasts for Significant Heat in the Western U.S.

Aug Nymex natural gas (NGQ23 ) on Monday closed +0.087 (+3.37%). Nat-gas prices Monday closed sharply higher on forecasts for hot weather across most of the western U.S. and Texas, boosting nat-gas demand from electricity providers to power air conditioning. Forecaster Atmospheric G2 said significant heat will be seen in...

Barchart

Nat-Gas Prices Fall as Weekly EIA Inventories Climb More Than Expected

Aug Nymex natural gas (NGQ23 ) on Friday closed -0.027 (-1.03%). Nat-gas prices Friday dropped to a 2-week low and closed moderately lower. A larger-than-expected build in weekly EIA gas stockpiles weighed on prices after the EIA reported nat-gas inventories rose +72 bcf last week, above expectations of +65 bcf....

Barchart

4 Reasons to Expect Higher Energy Prices in the Second Half of 2023

The energy sector includes the traditional commodities that power the world. Oil, natural gas, and coal are hydrocarbons, while ethanol is an alternative fuel. The energy sector edged marginally lower in Q2 2023 but remained the worst-performing commodity market sector over the first half of 2023.

Barchart

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Oil and gas exploration firms told to replace decades-old pipelines in Konaseema of Andhra Pradesh

Dr. B.R. Ambedkar Konaseema District Collector Himanshu Shukla on Friday directed officials of Reliance, Oil and Natural Gas Corporation (ONGC) and Gas Authority of India Limited (GAIL) to replace old pipelines in the Konaseema region to ensure the safety of local communities and prevent mishaps

The Hindu

PTT in advanced talks with Qatar for LNG deal

SINGAPORE/LONDON: Thailand's largest energy company, state-controlled PTT, is in advanced talks with Qatar for a 15-year liquefied natural gas (LNG) supply deal, according to four trading sources.

Bangkok Post

Nat-Gas Prices Close Lower on Forecasts for Cooler U.S. Temps

Aug Nymex natural gas (NGQ23 ) on Thursday closed -0.048 (-1.81%). Nat-gas prices Thursday moved moderately lower for a third session on the outlook for cooler U.S. temperatures, which will crimp nat-gas demand from electricity providers to power air conditioning. Forecaster Maxar Technologies said below-normal temperatures are expected in the...

Barchart

Australian energy ministers to consider renaming natural gas to ‘fossil gas’ in law

Meeting to discuss updating national gas law to reflect fuel’s environmental impact as well as overhauling hydrogen strategy

The Guardian - AU

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Nat-Gas Prices Under Pressure on the Outlook for Cooler U.S. Temps

Aug Nymex natural gas (NGQ23 ) on Wednesday closed -0.052 (-1.92%). Nat-gas prices Wednesday closed moderately lower on the outlook for cooler U.S. temperatures, which will crimp nat-gas demand from electricity providers to power air conditioning. Forecaster Maxar Technologies said below-normal temperatures are expected in the upper Midwest and Great...

Barchart

Trials on for Chennai’s first batch of piped natural gas connections to an apartment

Trial has begun at 55 houses at an apartment in Anna Nagar in Chennai for the supply of piped natural gas (PNG).

The Hindu

The earth might hold huge stores of natural hydrogen – and prospectors are already scouring South Australia for it

Hydrogen comes in an ever-increasing range of colours. Green hydrogen, made by cracking water into oxygen and hydrogen. Blue hydrogen, made from natural gas with the carbon emissions captured and stored. Grey hydrogen, using natural gas with carbon dioxide emissions released to the atmosphere.

The Conversation

Nat-Gas Prices Fall on a Cooler U.S. Weather Forecast

Aug Nymex natural gas (NGQ23 ) on Monday closed -0.089 (-3.18%). Nat-gas prices Monday fell moderately on a cooler U.S. weather forecast, which will crimp nat-gas demand from electricity providers to power air conditioning. Forecaster Maxar Technologies said below-normal temperatures are expected in the upper Midwest, the Great Lakes region,...

Barchart

Leviathan Gas Field To Boost Production With New Pipeline

Energy consortium plans $568 million project to increase gas flow from Israel's largest gas field

Zenger

Dangerous digging, the biggest threat to piped gas network expansion in Bengaluru

Safer, cheaper and far more easier to use than LPG cylinders, Piped Natural Gas (PNG) should have spread its network far and wide across Bengaluru by now. But poor multi-agency coordination triggering dangerous leaks, glaring awareness gaps and lack of an official push have all slowed down network growth.

The Hindu

Nat-Gas Prices See Support as Gas Rigs Drop

Aug Nymex natural gas (NGQ23 ) on Friday closed +0.097 (+3.59%) but remained below Monday's 3-1/4 month high. Nat-gas prices Friday saw support after news that the number of active U.S. gas rigs fell by -6 rigs to a new 1-1/4 year low of 124 rigs. Nat-gas prices continue to...

Barchart

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Capital & Main

New Mexico Energy Transition Proposal Would Violate Ban on ‘Fossil Fuel Development’

Program at San Juan College School of Energy would certify “clean” fossil fuels.

The Independent UK

New Mexico regulators fine oil producer $40 million for burning off vast amounts of natural gas

New Mexico oilfield and air quality regulators announced unprecedented fines against a Texas-based oil and natural gas producer on accusations that the company flouted local pollution reporting and control requirements as it burned off vast amounts of natural gas

Barchart

Nat-Gas Prices See Boost From Smaller-Than-Expected EIA Inventory Build

Aug Nymex natural gas (NGQ23 ) on Thursday closed up +0.033 (+1.24%), reversing some of the overall -7.7% sell-off seen on Tuesday and Wednesday. Nat-gas prices on Thursday saw a boost from the +76 bcf increase in weekly EIA inventories, which was a smaller build than market expectations of +82...

The Independent UK

ConocoPhillips faces potential $914,000 fine over Alaska gas blowout, leak

ConocoPhillips Alaska faces a potential $914,000 fine over what a state regulatory agency called a “shallow underground blowout” of a well that released natural gas at the company’s Alpine field on Alaska’s petroleum-rich North Slope last year

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Daily Mirror

New hydrogen trial could see two-thirds reduction in CO2 emissions in paper-making

The Tawd Mill paper mill in Lancashire will be the first in the UK to trial the new process, switching natural gas for hydrogen in its drying processes

Barchart

Nat-Gas Prices Fall on Forecasts for a Break in Texas Heat

Aug Nymex natural gas (NGQ23 ) on Wednesday closed down -0.121 (-4.34%), adding to Tuesday's decline of -3.56%. July futures expired on Wednesday. Nat-gas prices on Wednesday fell sharply for a second day on forecasts that excessive heat in Texas will start to moderate this weekend, according to Atmospheric G2,...

Capital & Main

Who is Blocking Climate Action in Pennsylvania?

Two blocked climate bills show the oil and gas industry, related unions can still sway the new Democratic House majority.

The Texas Tribune

Solar power proves its worth as heat wave grips the state

Texas has seen a boom in solar power in recent years, and experts say that’s helped the state grid weather an intense June heat wave.

Barchart

Nat-Gas Prices Fall Back on Forecasts for a Break in Texas Heat

July Nymex natural gas (NGN23 ) on Tuesday closed down -0.028 (-1.00%). Nat-gas prices on Tuesday ran into some long liquidation pressure after Monday's breakout to match a 3-1/4 month high. Also, nat-gas prices fell back a bit on forecasts that excessive heat in Texas and nearby regions will start...

The Independent UK

Eni chief executive says plan for pipeline to move gas to Cyprus 'part of our discussion'

The chief executive of the Eni energy company says Cyprus-Israeli plans for a pipeline to move offshore natural gas from those two countries to Cyprus are “part of our discussion” with the Cypriot government

Barchart

Nat-Gas Prices Rally on Hot Weather and Russia

July Nymex natural gas (NGN23 ) on Monday closed up +0.062 (+2.27%), extending last Friday's +4.64% rally and matching May's 3-1/4 month high. Hot weather continues to be the main bullish factor for nat-gas prices, with the scorching weather in Texas expected to continue into this week. Utilities in Texas...

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