Natural Gas News – February 21, 2018
Natural Gas News – February 21, 2018
Industry Professionals ‘Confident About Future of Gas’
Energy Live News reported: Most oil and gas professionals are confident about the role of natural gas up to 2050. That’s according to a new report published by the Energy Institute, which explores the opinions of almost 200 industry leaders towards reducing the climate change impacts of the fuel. Those responding to the survey said carbon capture and storage (CCS) offers the greatest potential of any technology to reduce emissions in the natural gas lifecycle, with around 90% saying they believe industry has a role to play in developing and implementing this technology. The report estimates it is possible to avoid 75% of current methane emissions in the natural gas supply chain and up to half of these emissions could be avoided at no net cost. For more on this story visit energylivenews.com or click http://bit.ly/2EGgDKd
Natural Gas Futures Rally As Cold Weather Seen Returning
Investing. com reported: Natural gas futures were higher on Tuesday, moving further away from their lowest levels in almost two years set last week, as updated weather forecasting models showed a return to colder weather over the eastern U.S. during the first week of March. Front-month U.S. natural gas futures climbed 7.0 cents, or around 2.8%, to $2.628 per million British thermal units (btu) by 8:20AM ET. It reached its best level since Feb. 9 at $2.662 earlier in the session, well above last Thursday’s 21-month low of $2.530. Natural gas prices are down almost 30% since late January, amid speculation the end of the winter heating season will bring warmer temperatures throughout the U.S. and cut into demand for the fuel. Market experts warned that futures are likely to remain vulnerable in the near-term as the coldest part of the winter has effectively passed and belownormal temperatures in April mean less than they do in January and February. For more on this story visit investing.com or click http://bit.ly/2EDlZdc
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