Articles tagged natural gas demand

Baseload natural gas prices continued to be mixed on Friday, the second day of August bidweek trading, with the bias to the downside at hubs in major producing regions.

Natural gas futures on Monday advanced for a third consecutive session as export activity improved and forecasts advertised stronger cooling demand over the dog days of summer in August.

Natural gas futures bounced higher in early trading Monday, supported by the continued recovery of a key Texas LNG terminal damaged by former Hurricane Beryl.

Pipeline operator Kinder Morgan Inc. (KMI) is moving ahead with a major natural gas pipeline expansion to serve growing demand from the electric power sector in the Southeast.

August Nymex natural gas futures were higher Friday, abruptly ending a three-day routing to close the week with a 6.1-cent gain, as traders covered short positions and anticipated a demand boost.

Prompt-month natural gas futures were on track to end a three-day losing streak through midday trading Friday, pushed higher by short sellers taking chips off the table ahead of the weekend.

Canada’s fledgling LNG export industry could be reaching a milestone as one major project nears start-up and another receives critical support.

Energy-intensive bitumen production in the Alberta oilsands, along with rising natural gas-fired power generation, are expected to drive substantial growth in the province’s gas demand over the next nine years, according to the government.

Freeport LNG Development LP’s export facility on the upper Texas coast was still offline on Wednesday, four days after it was shut down ahead of former Hurricane Beryl as the region continued to grapple with the effects of the storm.

U.S. LNG exports are forecast to more than double by 2030 from 2022 levels, with domestic natural gas consumption declining “only slightly” over the next 25 years, according to BP plc.