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1 day ago | 
naturalgasintel.com | Kevin Dobbs |Chris Newman |Carolyn Davis |Jacob Dick
North American natural gas prices in the physical market exploded in recent sessions amid a blistering heat wave and flat production. Western Canadian prices, however, proved the exception and floundered as they have most of this year.
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1 day ago | 
naturalgasintel.com | Carolyn Davis |Chris Newman |Jacob Dick |Kevin Dobbs
Calgary-based Keyera Corp. is snapping up most of Plains All American Pipeline LP’s natural gas liquids (NGL) business in a bid to expand the Canadian infrastructure corridor across Alberta, Manitoba, Ontario, Saskatchewan and beyond. The cash transaction, valued at C$5.5 billion ($4.02 billion), includes most of the Canada NGL business of Houston-based Plains. Some U.S. assets are included in the deal.
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2 days ago | 
naturalgasintel.com | Jacob Dick |Chris Newman |Carolyn Davis |Kevin Dobbs
A look at the global natural gas and LNG markets by the numbers• $2: Global natural gas benchmarks continued to cool Wednesday as tensions in the Middle East appeared to ratchet down. The prompt Title Transfer Facility finished just above $12/MMBtu at market close, marking a nearly $2 drop from the beginning of the week. East Asian LNG prices maintained a premium amid a lingering heat wave over the region, but also pared down to the mid-$13 range.
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2 days ago | 
naturalgasintel.com | Jacob Dick |Chris Newman |Carolyn Davis |Kevin Dobbs
Freeport LNG Development LP is seeking more time to commercialize and build a fourth train at its Texas export facility, potentially shifting first production into the next decade. The Houston-based company in 2019 was authorized by FERC to build the 5 million ton/year (Mt/y) Train 4 project. Since then, the Federal Energy Regulatory Commission has extended Freeport’s deadline twice, with the latest deadline for the commencement of operations set for the beginning of August 2028.
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2 days ago | 
naturalgasintel.com | Carolyn Davis |Chris Newman |Jacob Dick |Kevin Dobbs
Natural gas-fired generation could be built more quickly and face less scrutiny under proposals by the Trump administration to scuttle Biden-era emissions regulations. The U.S. Environmental Protection Agency (EPA) earlier this month proposed eliminating rules finalized by the Biden administration in April 2024 and the Obama administration in 2015. EPA also wants to repeal amendments to the 2024 Mercury and Air Toxics Standards, which increased oversight and costs for coal-fired power plants.
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2 days ago | 
naturalgasintel.com | Chris Newman |Carolyn Davis |Jacob Dick |Kevin Dobbs
In the evening market column posted online on Tuesday (June 24) and in NGI’s Daily Gas Price Index on Wednesday (June 25), Cracking Heat Dome, Precarious Peace Press Natural Gas Futures Lower, the expiration for the Nymex July futures contract was misstated. The July contract expires at the close of business Thursday. NGI regrets the error.
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3 days ago | 
naturalgasintel.com | Kevin Dobbs |Chris Newman |Carolyn Davis |Jacob Dick
A combination of robust domestic cooling needs and mounting calls for exports is widely expected to send natural gas demand surging through the balance of summer in the South Central region of the Lower 48. This could minimize storage injections and bolster Permian Basin spot prices. Already, Texas and neighboring states have waded through sticky, hot summer conditions in June. Mexico’s needs for Permian gas also rose quickly this month.
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3 days ago | 
naturalgasintel.com | Jacob Dick |Chris Newman |Carolyn Davis |Kevin Dobbs
Thailand’s state-owned PTT Public Co. Ltd. has signed a tentative agreement to participate in the Alaska LNG export project, including a pathway to buy up to 2 million tons/year (Mt/y) of U.S. natural gas. Developer Glenfarne Group LLC disclosed Monday that management met with PTT executives, Thai diplomats and U.S. State Department staff to sign a cooperative agreement for the proposed 20 Mt/y capacity project.
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3 days ago | 
naturalgasintel.com | Chris Newman |Carolyn Davis |Jacob Dick |Kevin Dobbs
Natural gas futures and cash prices are converging ahead of the prompt-month contract’s expiration this week, with a heat wave boosting spot markets while trader positioning adds selling pressure for futures. The July New York Mercantile Exchange (Nymex) futures contract on Monday saw its premium to NGI’s Henry Hub spot price sink below 20.0 cents, a fraction of the near-dollar gap a week earlier. July fell 14.9 cents to $3.698/MMBtu, while Henry Hub cash jumped 41.5 cents to $3.515.
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4 days ago | 
naturalgasintel.com | Jacob Dick |Chris Newman |Carolyn Davis |Kevin Dobbs
Global natural gas prices were left in flux at the start of the week as traders prepared to react to expanding conflict in the Middle East that could impact a significant portion of the world’s LNG trade. European and Asian gas benchmarks rose throughout the day on Monday on the anticipation that Iran could respond to U.S.-led airstrikes on key nuclear facilities in the country. The Title Transfer Facility (TTF) dropped slightly compared to last week, holding near the mid-$13/MMBtu range.
