Natural Gas
Why Natural Gas Prices Go Negative at Waha: The Physics of Stranded Associated Gas
In the Permian, gas is a byproduct of oil, and when the pipes fill up producers will literally pay to hand it off, which
By Mike Miller · 6 min
The Three Global Gas Benchmarks: How Henry Hub, TTF, and JKM Diverged Into Separate Worlds
Henry Hub, TTF, and JKM are supposed to describe one global gas market, but a shortage of liquefaction plants and ships
By Christy Davis · 6 min
Henry Hub and the Peculiar Physics of the American Gas Price
US natural gas swings harder than oil and occasionally sells for less than nothing in West Texas, and the reason comes d
By Aaron Wilson · 7 min
Associated Gas: The Byproduct That Shale Drillers Can't Give Away
In the Permian, natural gas comes up whether you want it or not, and when the pipes fill the price goes below zero and t
By Mike Miller · 5 min
Mexico's Natural Gas Imports Hit Record 6.6 Bcf/d as Pemex Output Keeps Sliding
Mexico pulled a record 6.6 Bcf/d of pipeline gas from the United States in 2025 to cover about three-quarters of demand,
By Mike Miller · 4 min
ExxonMobil Cuts Permian Flaring Intensity Toward Zero-Routine Target
The company says it has ended routine flaring across its operated Permian assets and is folding the former Pioneer acrea
By Mike Miller · 5 min
Aramco Starts Up Jafurah, the Kingdom's Giant Unconventional Gas Play
Saudi Aramco has begun output from the first phase of Jafurah, the largest non-associated gas development the kingdom ha
By Mike Miller · 5 min
Aramco Q3 Adjusted Income Rises to $28 Billion on Higher Volumes, Raises Gas Targets
The Saudi oil giant leaned on production gains to lift adjusted profit, held its base payout steady at $21.1 billion, an
By Christy Davis · 5 min
EU's 19th Sanctions Package Bans Russian LNG Imports
Brussels set two firm cutoff dates to end Russian liquefied natural gas purchases and widened its net against the tanker
By Christy Davis · 5 min
TotalEnergies Signs Contracts to Advance $10 Billion Gas Growth Project in Basra
The final construction contracts for Iraq's Gas Growth Integrated Project put all four pieces of the $10 billion scheme
By Mike Miller · 5 min
Permian Natural Gas Prices Turn Negative Again on Pipeline Constraints
Waha spot gas fell below zero as autumn pipeline maintenance trapped record associated-gas volumes with nowhere to go.
By Mike Miller · 5 min
OFAC Lets Venezuela LPG Offloading License 40D Expire
The last U.S. authorization for delivering cooking-gas cargoes to PdVSA-controlled terminals lapsed on September 5, clos
By Christy Davis · 5 min
Matterhorn Partners Sanction 2.5 Bcf/d Compression Expansion to Ease Permian Gas Glut
The WhiteWater-led group behind Matterhorn Express greenlit a new 2.5 Bcf/d Gulf Coast line and is bringing a half-Bcf/d
By Karen Anderson · 5 min
US Revokes Trinidad's Dragon Field Licenses, Freezing Cross-Border Gas Ambitions
Washington's decision to pull the OFAC licenses behind the Dragon and Manakin-Cocuina fields has stalled a project holdi
By Christy Davis · 5 min
BlackRock-Led Consortium Signs $11bn Jafurah Gas Midstream Lease With Aramco
Aramco keeps operational control of its flagship gas project while handing 49 percent of a new midstream company to Glob
By Christy Davis · 5 min
Israeli Strikes on South Pars Halt Two-Thirds of Iran's Gas Output
The opening night of Israel's air campaign hit the world's largest gas field and the refineries that feed it, choking of
By Mike Miller · 5 min
KRG Signs $110 Billion Gas Deals With HKN and WesternZagros, Angering Baghdad
Kurdistan's prime minister signed two US natural gas contracts worth up to $110 billion in Washington, and Iraq's federa
By Mike Miller · 5 min
U.S. Natural Gas Market Emerges as Global LNG Powerhouse
After years of being more or less isolated from the rest of the world, U.S. benchmark natural gas prices are becoming an
By Mike Miller · 5 min