Latest news with #NaturalGas
Economic Times
6 days ago
- Business
- Economic Times
ONGC squandered its future once. Can it be different this time?
Many veterans in the Indian energy sector still swear by that relatively pleasant day of February 1974. A roar of triumph echoed across the Arabian Sea, as engineers and seismic surveyors confirmed what they long envisioned – a vast oil reserve beneath the seabed off the coast of Mumbai. This discovery, which would later be known as Mumbai High, added fuel to India's energy dreams. And at the core of all the actions was Oil and Natural Gas
Time of India
6 days ago
- Business
- Time of India
ONGC squandered its future once. Can it be different this time?
Many veterans in the Indian energy sector still swear by that relatively pleasant day of February 1974. A roar of triumph echoed across the Arabian Sea, as engineers and seismic surveyors confirmed what they long envisioned – a vast oil reserve beneath the seabed off the coast of Mumbai. This discovery, which would later be known as Mumbai High, added fuel to India's energy dreams. And at the core of all the actions was Oil and Natural Gas
The Hindu
6 days ago
- Business
- The Hindu
Soft China dampens Asia LNG demand while Europe's imports ease: Russell
Asia's imports of liquefied natural gas stagnated in May while Europe's continued to ease as demand in both of the world's top-importing regions entered the seasonal slump between winter and summer peaks. Imports of the super-chilled fuel to Asia are on track to reach 22.53 million metric tons in May, up from 21.89 million in April, according to data compiled by commodity analysts Kpler. However, it's worth noting that this actually represents a small drop on a per day basis, with May's 727,000 tons fractionally less than April's 730,000. Compared to the year earlier month, Asia's arrivals are down 4.5%, continuing the pattern of softer demand seen so far in 2025. For the first five months of the year Asia imported 112.45 million tons of Liquefied Natural Gas (LNG), down 6.2% from the 119.83 million for the same period in 2024. Blame for the decline can largely be attributed to China, the world's biggest LNG importer, where volumes have slipped this year amid high spot prices that have rendered LNG uncompetitive against domestic output and natural gas supplied via pipelines from central Asia and Russia. China's LNG imports are expected to drop to 4.61 million tons in May, down from 4.86 million in April, and the weakest on a per day basis since March 2020, according to Kpler data. The spot price of LNG in Asia declined from its mid-February peak of $16.50 per million British thermal units (mmBtu) to $11, the lowest in a year, on May 2. But even this drop wasn't enough to renew Chinese buying interest, with any price above $10 per mmBtu believed to make spot purchases uneconomic. The spot price has also rallied since the early low in May, reaching $12.40 per mmBtu in the week to May 23, with the higher prices likely to weigh on future Chinese demand. With China's appetite limited, the question is why is the spot price rising, and it may be driven more by supply than demand. Shipments from top regional supplier Australia dropped to a three-month low of 6.61 million tons in May amid a reported outage at a major plant, while Malaysia's exports slid to a nine-month low of 1.71 million tons in May. Markets were also buoyed by reports that Egypt is seeking 40-60 LNG cargoes for the upcoming northern summer amid an energy crunch, which would likely suck some LNG away from Asian markets, especially from Middle East producers like Qatar and the United Arab Emirates. Europe trims European LNG demand continued to ease in May, dropping to 9.91 million tons from 10.37 million in April, according to Kpler data. Europe's intake has been dropping since reaching a 27-month high of 12.78 million tons in March as the continent's storages have been rebuilt after being depleted by a larger than normal amount over the winter demand period. The United States remains Europe's top supplier, although imports dropped to a five-month low of 5.53 million tons in May, down from 5.87 million in April. However, the U.S. exporters have been able to switch more volumes to Asia, with Kpler tracking imports of 1.86 million tons in May, up from 1.35 million in April and the highest since December. It's also likely that Asia's imports from the United States will move higher again in June, with Kpler estimating arrivals of 2.1 million tons. Several Asian countries are seeking to buy more U.S. LNG, and other commodities such as crude oil, as part of efforts to get trade deals with the administration of the U.S. President Donald Trump. The problem with trying to buy more from the United States is that if several countries all try it at the same time, the available supply will quickly be exhausted. Whether buyers are prepared to pay a premium for U.S. LNG will then be an interesting geopolitical question.
Yahoo
21-05-2025
- Business
- Yahoo
Should You Invest in the First Trust Natural Gas ETF (FCG)?
The First Trust Natural Gas ETF (FCG) was launched on 05/08/2007, and is a passively managed exchange traded fund designed to offer broad exposure to the Energy - Natural Gas segment of the equity market. An increasingly popular option among retail and institutional investors, passively managed ETFs offer low costs, transparency, flexibility, and tax efficiency; they are also excellent vehicles for long term investors. Investor-friendly, sector ETFs provide many options to gain low risk and diversified exposure to a broad group of companies in particular sectors. Energy - Natural Gas is one of the 16 broad Zacks sectors within the Zacks Industry classification. It is currently ranked 16, placing it in bottom 0%. The fund is sponsored by First Trust Advisors. It has amassed assets over $336.35 million, making it one of the larger ETFs attempting to match the performance of the Energy - Natural Gas segment of the equity market. FCG seeks to match the performance of the ISE-REVERE Natural Gas Index before fees and expenses. The ISE-Revere Natural Gas Index is an equal-weighted index comprised of exchange-listed companies that derive a substantial portion of their revenues from the exploration and production of natural gas. Cost is an important factor in selecting the right ETF, and cheaper funds can significantly outperform their more expensive counterparts if all other fundamentals are the same. Annual operating expenses for this ETF are 0.60%, making it on par with most peer products in the space. It has a 12-month trailing dividend yield of 3.54%. While ETFs offer diversified exposure, which minimizes single stock risk, a deep look into a fund's holdings is a valuable exercise. And, most ETFs are very transparent products that disclose their holdings on a daily basis. This ETF has heaviest allocation in the Energy sector--about 97.50% of the portfolio. Looking at individual holdings, Eqt Corporation (EQT) accounts for about 4.95% of total assets, followed by Conocophillips (COP) and Expand Energy Corporation (EXE). The top 10 holdings account for about 43.65% of total assets under management. The ETF has lost about -7.36% so far this year and is down about -15.47% in the last one year (as of 05/21/2025). In that past 52-week period, it has traded between $19.37 and $27.63. The ETF has a beta of 0.87 and standard deviation of 32.30% for the trailing three-year period, making it a high risk choice in the space. With about 42 holdings, it has more concentrated exposure than peers. First Trust Natural Gas ETF carries a Zacks ETF Rank of 3 (Hold), which is based on expected asset class return, expense ratio, and momentum, among other factors. Thus, FCG is a reasonable option for those seeking exposure to the Energy ETFs area of the market. Investors might also want to consider some other ETF options in the space. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report First Trust Natural Gas ETF (FCG): ETF Research Reports ConocoPhillips (COP) : Free Stock Analysis Report EQT Corporation (EQT) : Free Stock Analysis Report Expand Energy Corporation (EXE) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Yahoo
21-05-2025
- Business
- Yahoo
Hawaii launches pilot project to harness hydrogen energy
HONOLULU (KHON2) — Hawaii Gas is partnering with Canadian energy tech company Ayrton Energy on a new pilot project aimed at advancing hydrogen as a clean fuel for the islands. Earthquake off Kau Coast bears no tsunami threat The project is set to launch in early 2026 and will test Ayrton's proprietary liquid organic hydrogen carrier (e-LOHC™) technology, a system designed to store and transport hydrogen safely and efficiently at room temperature. The goal is to explore whether this new method could make hydrogen a more practical and scalable energy solution for Hawaii.'Hydrogen has long been recognized as a zero-carbon fuel, but storing and transporting it has been a major hurdle,' said Nicolas Rodier, executive director of clean energy and innovation at Hawaii Gas. 'This pilot project with Ayrton Energy will help us bring scalable hydrogen projects to life and continue decarbonizing our fuel supply in a safe and cost-effective way.' 'Hydrogen's potential as a global energy solution depends on overcoming critical storage and transportation challenges,' said Natasha Kostenuk, CEO of Calgary-based Ayrton Energy. 'This project will show how our technology can make hydrogen accessible where it's needed most.' Hawaii Gas already blends up to 15% hydrogen into its synthetic natural gas on Oahu which is more than any other utility in the United States. In 2024, the company announced plans to build the state's first green hydrogen facility in partnership with Eurus Energy America, as part of its broader push toward renewable energy. Download the free KHON2 app for iOS or Android to stay informed on the latest news The upcoming pilot will be based at Hawaii Gas' Synthetic Natural Gas Plant on Oahu. Officials say it could pave the way for wider use of hydrogen across the state, helping meet Hawaii's ambitious climate goals. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
