Midstream

Cold Snap, Bullish Storage Expectations Fail to Send Natural Gas Futures Higher; Spot Prices Steady

This post was originally published on this siteNatural gas futures probed higher early Monday, with bulls seizing upon favorable near-term weather, steady export demand and market expectations for a seasonally robust inventory withdrawal. But intensifying stress in the global financial system ultimately curbed the momentum and left futures in the red as markets closed. At

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Italy’s Eni Adds to Mexico Oil, Gas Production Potential With New Discovery

This post was originally published on this siteItaly’s Eni SpA, one of Mexico’s leading private sector oil producers, has found more oil and natural gas offshore Mexico. Its most recent find was in the Yatzil exploration prospect in Block 7, located in the mid-deep water of the Cuenca Salina in the Sureste Basin in the

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Chilly Winter, Hot Summer Fuel All-Time U.S. Natural Gas Demand in 2022

This post was originally published on this siteStrong peaks in the winter and summer drove U.S. natural gas consumption to an all-time high last year, averaging 88.5 Bcf/d, according to the Energy Information Administration (EIA). The federal agency said natural gas consumption peaked last year in January and July. EIA noted that natural gas peaks

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With $1.7B IPL Deal, CF to Expand Louisiana Ammonia and CCS Projects

This post was originally published on this siteCF Industries Holdings Inc., which uses natural gas in its hydrogen and nitrogen manufacturing, agreed to pay nearly $1.7 billion for the Incitec Pivot Ltd. (IPL) ammonia production complex in Waggaman, LA. The IPL facility has a nameplate capacity of 880,000 tons/year of ammonia, CF noted.  The companies

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Decarbonizing Transportation Via Natural Gas-Derived Ammonia Set to Disrupt Maritime Sector

This post was originally published on this siteAmogy, a Brooklyn-based startup company, has found a way to use ammonia to power the world’s first zero-emissions tugboat. This announcement comes after the company successfully powered a semi-truck. In an interview with NGI, CEO Seonghoon Woo talked about how using ammonia could decarbonize transportation. “Beyond its incredible

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Global Natural Gas Prices Keep Falling as Demand Weakens, Banking Crisis Weighs on Markets – LNG Recap

This post was originally published on this siteGlobal natural gas prices continued falling Monday, picking up where they left off last week amid warmer weather, ample supplies and turmoil in the banking sector that has weighed on commodities.  In Europe, the May Title Transfer Facility (TTF) contract fell 13% last week. It gave up another

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