Natural Gas Intelligence (NGI)

1 day ago | naturalgasintel.com | Chris Newman |Jodi Shafto

Chris Newman joined NGI in October 2023. He worked 18 years at Argus Media, starting in 2004 in Washington, D.C., where he covered U.S. thermal/coking coal markets and rail transportation. In 2014, he moved to Singapore to help lead Argus’ coverage of steel and its raw material feedstocks. A graduate of the University of Virginia, Chris returned to his native Virginia in 2021.

1 day ago | naturalgasintel.com | Carolyn Davis |Christopher Lenton |Chris Newman

The power grid extending across the New England states, New York and several Eastern Canadian provinces, should have adequate power for the summer months ahead, according to the Northeast Power Coordinating Council Inc. (NPCC). The assessment closely mirrors recent summer forecasts by federal and state regulators. If the summer weather is “average,” the grids should work as designed, regulators have said.

2 days ago | naturalgasintel.com | Jodi Shafto |Chris Newman |Christopher Lenton |Carolyn Davis

Natural gas forward prices strengthened during the May 29-June 4 period as warmer weather was expected to drive cooling demand and limit storage builds, halting the series of triple-digit injections that improved the overall supply and demand outlook. Prompt-month forward fixed prices were higher across the board. July forward fixed prices gained by an average of 53.7 cents to $3.190/MMBtu during the period, with sharp gains in the California and West Texas markets, NGI’s Forward Look data show.

2 days ago | naturalgasintel.com | Jamison Cocklin |Chris Newman |Christopher Lenton |Carolyn Davis

NO. 1: Feed gas deliveries at U.S. LNG export facilities continue to flow at some of the lowest levels in months as maintenance work continued and periodic outages cut into demand. Two trains at Cheniere Energy Inc.’s Sabine Pass LNG terminal in Louisiana, along with the Creole Trail Pipeline that feeds it, are offline for planned work that started at the end of May. The maintenance is expected to completed by the last week of June.

2 days ago | naturalgasintel.com | Josten Mavez |Chris Newman |Christopher Lenton |Carolyn Davis

Intelligence on natural gas market fundamentals presented by NGI’s data and price analystsThe official start of summer is still a couple of weeks away, but the weather has already begun to warm up in parts of the country – and in turn, driven up natural gas prices along the way. Southern California Gas Co. (SoCalGas) was continuing to issue operational flow orders as cooling demand increased.