Articles tagged Demand

Natural gas generation is likely to expand as a proliferation of data centers are built across North America, offering a fortuitous advantage for midstream giant Kinder Morgan Inc., according to Chief Commercial Officer Will Brown.

Dallas-based EnLink Midstream LLC, whose natural gas transport options extend from the Permian Basin to Louisiana, is looking to the “longer-term setup” for incremental demand growth, including the potential to power artificial intelligence (AI) data center growth, CEO Jesse Arenivas said.

Mexico's natural gas demand will be driven by its power and industrial sectors through 2037, according to a report from Mexico’s energy ministry Sener.

Natural gas futures fell on Monday for a fourth session as the possibility of an early season storage build later this week outweighed cooler weather trends into late March.

Canadian natural gas production and storage are both elevated heading toward shoulder season – much like in the United States – and bearish pressure on prices persists.

Norway’s Equinor ASA has agreed to supply one of India’s largest chemical manufacturers using its growing portfolio of Norwegian and U.S. LNG under a new long-term sales and purchase agreement (SPA).

The U.S. Department of Energy (DOE) has awarded $1.1 billion to Pacific Gas and Electric Co. (PG&E) to extend the life of California’s last remaining nuclear power plant. The decision could further minimize natural gas consumption in the nation’s most populous state.

A growing number of analysts have penciled in lower natural gas prices and more gas and oil production cuts for 2024 to remedy supply-demand imbalance, which worsened late in 2023 amid a mild start to winter and record production levels.

Mexico could boom thanks to the new global economic system, and natural gas will be key, according to experts.

Natural gas futures on Monday lost ground, succumbing to weaker fundamentals as production notched another all-time high and early winter warmth deflated demand. The December Nymex gas futures contract settled at $3.264/MMBtu, down 25.1 cents day/day. January fell 23.1 cents to $3.564.