Natural gas prices rose by 9.1% to ₹387.3 due to record flows to LNG export facilities and higher-than-expected demand forecasts for next week. Despite near-record output and mild weather projections, gas demand in the Lower 48 states is expected to fall from 118.8 bcfd this week to 115.2 bcfd next week. Weather forecasts indicate temperatures…
Shell’s LNG Outlook 2025 predicts a 60% rise in global demand for liquefied natural gas (LNG) by 2040, driven by Asia’s economic growth, decarbonization in industry and transport, and the impact of artificial intelligence. The forecast predicts global LNG demand to reach between 630 million and 718 million tonnes annually by 2040, a higher forecast…
Welspun Corp declared on Monday that it had won orders for natural gas pipeline projects in the United States totaling Rs 3000 crore. “We are happy to announce receipt of new orders in the USA, including two large orders for HSAW Pipes and additional orders for HFIW Pipes, valued at approximately Rs 3,000 crore for…
Natural gas prices dropped by 0.63% to ₹285.7 due to increased U.S. production and reduced tariff risks. President’s suspension of tariffs on Canada and Mexico reduced import costs, reducing price support. Average U.S. gas output rose to 106.0 bcfd in February, but daily production dropped to 105.1 bcfd. Weather remains a key driver, with forecasts…
Cold weather forecasts have led to a 4.52% increase in natural gas prices, with severe cold likely to push daily gas demand to a new high, with LSEG estimating 172.2 billion cubic feet per day (bcfd) on January 21, surpassing the previous record of 168.4 bcfd. Cold weather has already affected production, and historically, similar…
Natural gas prices fell 3.22% to ₹300.6 on lower heating demand and lower-than-expected output from frozen wells. Daily gas supplies in the eastern United States fell to a six-week low of 102.6 billion cubic feet (Bcf) due to severe cold in the eastern United States, and in January, gas flows to LNG export plants rose…
A cold January weather forecast and strong demand for LNG exports helped natural gas prices rise 1.08% to ₹318.6. LNG exports hit 15.16 billion cubic feet per day (bcfd) on rising global demand, while production rose to 103.3 bcfd in December from 101.5 bcfd in November. According to LSEG, demand in the Lower 48 states…
Natural gas prices rose by 0.85% to ₹284.3 due to higher global LNG demand and colder weather in the U.S. by mid-January. Industry estimates increased demand forecasts by 18 billion cubic feet, signaling the onset of the withdrawal season. Concerns over Russian gas reaching Europe via Ukraine have driven demand for U.S. LNG exports. U.S….
Natural gas prices have risen by 7.02% to ₹320.2 due to increased global LNG demand and forecasts of colder weather in the US. A cold front is expected halfway through January, leading to an 18 billion cubic feet increase in demand forecasts. The EIA data shows natural gas storage levels fell by over 100 billion…
Natural gas prices rose by 4.5% to ₹299.6 due to a larger-than-expected storage draw, with the U.S. Energy Information Administration (EIA) reporting a withdrawal of 190 billion cubic feet from storage for the week ending December 6. Despite the decline, storage levels remain 1.8% higher year-over-year and 4.6% above the five-year average. Gas flows to…
