Natural Gas News – May 16, 2025
Natural Gas News – May 16, 2025
Natural Gas Retreats Amid Repeated Large Injections
In an EBW Analytics Group report sent to Rigzone by the EBW team today, Eli Rubin, an energy analyst at the company, outlined that natural gas “retreat[ed]…amid repeated substantial injections”. “Yesterday’s EIA (U.S. Energy Information Administration)-reported 110 billion cubic foot injection (3.9 billion cubic feet per day looser than five-year norms and the third consecutive triple-digit injection in only the first full week of May) is deflating initial enthusiasm following the huge post-tariff April deleveraging sell-off,” Rubin stated in the report. “In our view, the bullish impulses of the gas market may prove correct – but are just early,” he added.… https://tinyurl.com/5628fmb6
Vistra to Acquire Natural Gas Assets Building on Industry
Vistra Corp. (NYSE: VST) today announced that it has executed a definitive agreement to acquire seven modern natural gas generation facilities, totaling approximately 2,600 MW of capacity, from Lotus Infrastructure Partners (“Lotus”). The acquisition includes five combined cycle gas turbine facilities and two combustion turbine facilities located across PJM, New England, New York, and California, further geographically diversifying Vistra’s natural gas fleet. “We are excited to announce another opportunistic expansion of our generation footprint in some of our key competitive markets,” said Vistra President and CEO Jim Burke. … For more info go to https://tinyurl.com/2usha52r
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