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Oct 20 (Reuters) - Natural gas prices at major U.S. trading hubs for the upcoming winter are expected to remain higher than in recent years, the Federal Energy Regulatory Commission (FERC) said on Thursday. Even if domestic gas production grows faster than domestic demand, "forecasts anticipate that continued growth in net exports, including from liquefied natural gas (LNG) export facilities, will place additional pressure on natural gas prices this winter," the agency said. "In total, the U.S. will add 43 gigawatts(GW)of net winter capacity between March 2022 and February 2023, mostly from solar and wind generation." "Natural gas pipelines in California may also face constraints this winter due to ongoing pipeline outages." The FERC warned that this winter, international markets will likely also affect the U.S. market, as they did at times last winter.
U.S. home heating bills expected to surge this winter - EIA
  + stars: | 2022-10-12 | by ( ) www.reuters.com   time to read: +1 min
The Skyline of New York City is seen covered by clouds during the pass of a winter storm as it is seen from Weehawken, New Jersey, U.S., February 25, 2022. The average cost for a home with gas last winter was $724, far cheaper than other major sources of heat. U.S. gas prices at the Henry Hub benchmark were up about 75% so far this year as soaring global gas prices feed demand for U.S. exports due to supply disruptions and sanctions linked to Russia's Feb. 24 invasion of Ukraine. It is more expensive than gas at an estimated $1,359 per household this coming winter - but that represents a more modest 10% increase from last winter. Register now for FREE unlimited access to Reuters.com RegisterReporting by Scott DiSavino Editing by Marguerita ChoyOur Standards: The Thomson Reuters Trust Principles.
U.S. home heating bills expected to surge this winter -EIA
  + stars: | 2022-10-12 | by ( ) www.reuters.com   time to read: +2 min
Nearly half of U.S. households rely on natural gas for heat, with the average winter heating cost expected to rise to $931, up by 28% from last year, EIA said. The average cost to heat a home with gas last winter was $724, far cheaper than other major sources of heat. It is more expensive than gas at an estimated $1,359 per household this winter - but that is just a 10% increase from last winter. Homes that rely on heating oil are concentrated in the Northeast, while the biggest propane users are in the Midwest. That compares with last winter's residential costs of $13.02/mcf for gas, $2.30-3.33 per gallon for propane, 14.0 cents per kWh of electricity and $3.90 per gallon for heating oil.
Cheniere Energy Inc.’s finance chief is working toward landing an investment-grade credit rating in the coming year, as the largest U.S. exporter of liquefied natural gas pays down debt and benefits from the run-up in energy prices. Photo: Cheniere Energy Inc. The company expects to reach investment grade next year based on its current rating and financial position, Mr. Davis said. An investment-grade rating would provide confidence to long-term investors and customers that the company can survive volatility in commodity markets, Mr. Davis said. Higher natural gas prices have been a boon to Cheniere’s finances, prompting it to accelerate plans to pay down debt.
Goldman says to buy these energy stocks ahead of earnings
  + stars: | 2022-07-25 | by ( Pippa Stevens | ) www.cnbc.com   time to read: +3 min
The firm said Monday in a note to clients that Diamondback Energy , EQT and Chesapeake Energy are solid bets for investors from a risk vs. reward standpoint. Key factors to watch for during earnings reports include production execution, management of inflationary pressures and capital return outlook, he added. Fellow natural gas player Chesapeake Energy is also on the firm's list of stocks to buy ahead of earnings. "We believe CHK is on track to provide strong capital returns to shareholders and close the value gap vs. its peers," the firm said. Chesapeake reports earnings after the market closes on Aug. 2.
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