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natural gas supply

India's natural gas consumption starts to rebound in June
Markets

India's natural gas consumption starts to rebound in June

  • "In the Indian market there was some slowdown, but the situation is not as bad as last year," Manoj Jain.
  • Due to falling local gas consumption in April and May, GAIL diverted two cargoes to international markets while Petronet deferred one cargo for delivery in June.
Published 09 Jun, 2021 06:52pm
US natgas futures slip to 3-week low on big storage build
Markets

US natgas futures slip to 3-week low on big storage build

  • The US Energy Information Administration (EIA) said US utilities added 71 billion cubic feet (bcf) of gas into storage during the week ended May 14.
  • That injection boosted stockpiles to 2.100 trillion cubic feet (tcf), or 4.0% below the five-year average of 2.187 tcf for this time of year.
Published 20 May, 2021 09:10pm
North Dakota monthly natgas output rises in March
Markets

North Dakota monthly natgas output rises in March

  • Monthly production touched an all-time high of 3.145 bcfd in November 2019.
  • Producers burned off, or flared, 0.184 bcfd of gas in March, down from 0.203 bcfd in February, the commission said, dropping the percentage of gas flared to 6% from 8%.
Published 20 May, 2021 07:00pm
US natgas futures rise for 5th day on cooler forecasts
Markets

US natgas futures rise for 5th day on cooler forecasts

  • Traders noted that even though temperatures may be lower, they were expected to remain around near-normal levels through late April.
  • Front-month gas futures rose 6.2 cents, or 2.4%, to $2.623 per million British thermal units.
Published 13 Apr, 2021 08:19pm
US natgas futures fall near 3pc on milder forecasts
Markets

US natgas futures fall near 3pc on milder forecasts

  • Front-month gas futures fell 7 cents, or 2.7%, to $2.569 per million British thermal units.
  • After utilities started injecting gas into storage in late March, which was earlier than usual, speculators cut their net long positions on the New York Mercantile (NYMEX) and Intercontinental Exchanges for a sixth time in a row last week to their lowest since July 2020.
Published 05 Apr, 2021 08:11pm
US natgas futures slide ahead of expected small storage withdrawal
Markets

US natgas futures slide ahead of expected small storage withdrawal

  • If correct, last week's decrease would cut stockpiles to 1.776 trillion cubic feet (tcf), which would be 5.3% below the five-year average of 1.875 tcf for this time of year.
  • Front-month gas futures fell 3 cents, or 1.2%, to $2.498 per million British thermal units.
Published 18 Mar, 2021 08:34pm
Repsol makes first delivery of carbon-compensated LNG
Business & Finance

Repsol makes first delivery of carbon-compensated LNG

  • Tradeable offset credits aim to balance the planet-warming effects of emissions by supporting projects such as forestation and renewable energy generation sites elsewhere in the world.
  • Repsol said it had supplied 430 cubic metres of LNG to a 150-metre long chemical tanker owned by Swedish firm Furetank Rederi at a terminal owned by system operator Enagas in southeastern Spain.
Published 12 Mar, 2021 07:04pm
Mexico begins receiving LNG as gas supply via pipeline rises
Markets

Mexico begins receiving LNG as gas supply via pipeline rises

  • The Marshall Island tanker Flex Courageous carrying US LNG docked on Friday at the Manzanillo terminal on the Pacific Coast, Refinitiv Eikon data showed.
  • A second cargo also from the United States on the tanker Seri Balhaf is waiting to discharge about 151,300 cubic meters of LNG at Mexico's Altamira terminal on the Gulf Coast.
Published 19 Feb, 2021 08:30pm