LNG Canada Partners’ Gas Production Sets Another Record to Kick Off 2024

RBN estimates that the combined natural gas production of the equity partners in LNG Canada rose 0.09 Bcf/d in January to a record 2.02 Bcf/d (combined height of the rightmost colored bars in top chart below) and the first time above the 2 Bcf/d threshold.

EIA Issues New Weekly Purity Propane Data

The Energy Information Administration (EIA) reported new weekly inventory data for purity propane dubbed “Propane, fractionated and ready for sale” in its This Week in Petroleum report issued February 28 for the week ended February 23.

U.S. Weekly Propane Inventories Draw Over Average Industry Expectations

EIA reported that total U.S. propane/propylene inventories recorded a draw of 3.4 MMbbl for the week ended February 23, which was above the average of industry expectations for a draw of 2.1 MMbbl and the 1.9 MMbbl average decline for the week. Total U.S.

Ethane-to-Crude Oil Ratio Sinks to Lowest Level Since Mid-2019

As shown on the left-hand chart below, ethane’s price relative to crude oil (WTI Cushing) has plunged recently, hitting a low of 9% on February 16. This marks the lowest level the ratio has been since hitting 7.2% in late July 2019.

Energy Transfer Sheds Light on Natural Gas Warrior Project

In their 4Q 2023 earnings call, Energy Transfer alluded to the progress of their proposed Warrior AKA Midland Express pipeline.

U.S. Crude Exports on Upward Trend

The customary week-to-week volatilty in U.S.

Venture Global vs Customers: Will FERC end the dispute over contracts?

Venture Global requested a one-year extension of its construction permit for Calcasieu Pass from the Federal Energy Regulatory Commission (FERC).

QatarEnergy Plans Major Increase in LNG Capacity

QatarEnergy LNG, formerly known as Qatargas, announced major new discoveries in the North Field off the coast of Qatar. The North Field is already the largest non-associated gas field in the world.

Pembina Inks Ethane Supply Deal with Dow’s Fort Saskatchewan Ethane Cracker Expansion

Pembina Pipeline Corporation, a major Canadian pipeline and midstream operator, announced on February 22 that it has entered into an agreement to supply and transport up to 50 Mb/d of ethane to Dow Chemical Canada’s Path2Zero project, a major expansion of Dow’s ethane cracking facility located in

Natgas Crash and Burn – Only Three Days Lower in the Last 28 Years

With the exception of three days in 2020 when the pandemic was ravaging energy markets, natural gas prices held above $1.59/MMbtu for the past 28 years – until last week. The graph on the left below shows the daily front month futures price of natural gas going back to January 1996, with the clo

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