Posts Categorized: Articles

Natural gas risks are largely to the upside and gas markets will likely be tight for the remainder of the year. We’ve said for a while that Henry Hub prices may be undervalued and the forward strip is starting to reflect that optimism: HH futures at this writing exceed $3/MMBtu… Read more »

Natural gas’ most important competitor for baseload demand, coal, is experiencing a recovery of sorts. U.S. coal production and consumption, along with electricity demand, are rising as the COVID-19 pandemic recedes. While the U.S. coal industry faces immense, probably insurmountable obstacles in the medium and long-terms, coal will continue to… Read more »

Corpus Christi and Moda Midstream are well-positioned to benefit as the U.S. and world economies recover from COVID-19. Moda’s Ingleside Energy Center terminal is the largest export terminal in the Gulf Coast’s hottest market, can partially load more economically efficient Very Large Crude Carriers (VLCCs), appears to enjoy the fastest… Read more »

“Mont Belvieu fractionation capacity is not overbuilt – it is ahead of its time by few quarters.” At least, that is what one executive from a midstream company with a frac and storage position at Mont Belvieu told me in a recent conversation. While he was directionally correct, he was… Read more »

On February 22, Kinder Morgan and Brookfield sold a 25% stake in their Chicago-to-USGC NGPL pipeline to ArcLight Capital Partners for $830 million. In this article, we discuss two key drivers behind NGPL’s current and future demand: natural gas demand in the Midwest and the USGC. NGPL distributes gas to… Read more »

Will the 2021-22 heating season be a challenging year for propane? To be more specific, will it be a challenging year for U.S. propane exports? For the first time in many years, we are seeing lack of consensus amongst the analyst community and market pundits, and for good reasons. Since… Read more »