Posted by Jonathan Freedman
Ships regularly import LNG into the U.S.
The natural gas market is in contango with each month trading at a premium to the succeeding month.
What is the market trying to tell us? It is telling us that we don’t need supply in the short term and that the market is bidding for storage in the long term. Physical producers do not see the need to pay a premium to guarantee physical delivery in the short term.
It is my job…
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Posted by Jonathan Freedman
Image of a shale shaker isolating drill cuttings from the drilling fluids
The supply and demand relationship for natural gas has been very tight for a long time. Currently the United States is producing about 61BCF a day and using about 64 BCF a day. The shortfall between daily production and usage comes out of storage. This shortfall flip flops as the weather heats up and we are able to refill the storage. In the last decade the push was to import LNG from around the…
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Posted by Jonathan Freedman
As one of the oldest and cleanest sources of energy available today, natural gas is starting to move to the forefront again. The industrial community has long been using natural gas to power production of everything from plastic bottles to bricks and even candy. It’s efficient, clean, and delivers a high btu (British thermal unit – a measure of heat) output.
Some businesses spend millions of dollars each year on natural gas with little understanding of the factors that most influence their spending. I’d like to change that with…
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