3 Key Factors Will Decrease Natural Gas Prices This Winter
Natural gas prices in North America hit record highs in 2022. In fact, prices quadrupled from what they were before the onset of the pandemic in March 2020. Winter is the time of year when we use the most natural gas–both for heating and to power electric generation. The question arises, what will prices do this winter with an increase in demand? A McKinsey & Company analyst answers that question. He says three key factors could *decrease* natural gas prices in North America in the short term (i.e., this winter). What are those three factors?
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This is a sad and very angering tale. During the Trump administration, we were close to granting waivers for the Jones Act and its archaic restrictions on transporting LNG via ships that are not U.S.-built and crewed (see 
For at least five years, MDN has reported that the primary source of imported LNG for Boston, Trinidad & Tobago, has seen falling output of natural gas (see 
Today we bring you a guest post from MDN friend Garland Thompson, a gifted reporter/writer who covers energy and technology issues for US Black Engineer & Information Technology magazine, the Philadelphia Tribune, and other periodicals. State Sen. Gene Yaw will host a hearing in Philadelphia on Thursday to explore LNG, its role on the world stage, and the potential role Philly can play in providing it. Using the upcoming hearing as a jumping-off point, in this post, Garland connects the dots between proposed House Bill 2458 (see 
As part of its third quarter 2022 update, Kinder Morgan (KM) CEO Richard Kinder said his company is bullish on U.S. LNG exports. Kinder said he expects (predicts) U.S. LNG exports will more than double, from the current 11 billion cubic feet per day (Bcf/d) to 28 Bcf/d by 2030–less than eight years away. KM flows around 50% of all the molecules that get exported as LNG from this country, so Kinder should know a thing or two about the LNG market.
In June, seemingly out of nowhere, a plan to build an LNG export facility on the banks of the Delaware River south of Philadelphia made big headlines in Philly (see 
Once upon a time, a few years ago, Europe turned its nose up to American “fracked” gas as filthy and vile, preferring to buy its gas from Vladimir Putin instead. American companies fell all over themselves to win the love of arrogant Europeans for our natural gas–primarily by “proving” our gas (turned into LNG) is “responsible.” Responsible gas certification programs appeared overnight and have been adopted by most (if not all) of the major drillers in the Marcellus/Utica (see 
As happens at the beginning of most winters (at least in recent years), we are beginning to see articles with warnings from the electric grid operator in New England, ISO New England Inc., that if the region experiences “an extremely cold winter,” it’s a pretty safe bet there will be electric blackouts. The region relies almost exclusively on natural gas to generate electricity. The reason there will be blackouts is due to Maura Healey. Healey is the Attorney General of Massachusetts. During her tenure as AG, Healey has blocked two different natgas pipeline projects–because she irrationally hates (yet still uses) fossil energy. Healey is now running for governor of MA and is likely to win. You know what? Massachusetts residents will get the blackouts they deserve if they elect Healey.
The second-largest LNG export terminal in the U.S., Freeport LNG, located near Galveston, Texas, experienced an explosion and fire in early June (see 
Two days ago, MDN told you that the Apostle of LNG, Toby Rice (CEO of EQT), had convinced his buddies at Williams and TC Energy (two pipeline companies) to join him in his latest effort to push for more U.S. LNG exports (see 
President Joe Biden has, on many occasions, stated that the U.S. would step up LNG exports to help our European friends (see 
EQT CEO Toby Rice has been and is on a mission to spread the gospel of LNG (see 
On Saturday, Oct. 1, Berkshire Hathaway Energy shut down the Cove Point, Maryland, LNG export facility to perform regular annual maintenance. Berkshire Hathaway (Warren Buffett), while a minority owner of Cove Point, is the operator of the facility. Natural gas flowing to the plant for liquefaction and export averaged 0.76 billion cubic feet per day (Bcf/d) in September (three-fourths of a Bcf). Those flows dropped to near zero on Oct. 1. Cove Point is typically offline for three weeks each year for maintenance. Now we hold our collective breath until it comes back online. Three-fourths of a Bcf each and every day is a lot of gas. Where will it go?