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Weakest Winter Suppresses Natural Gas Prices but Sizzling Summer Could Flip Script
Markets
North American Natural Gas Prices in Doldrums After Warm Winter – Mexico Spotlight
North American natural gas futures gained some ground on Thursday but overall, prices continued to languish. After six straight sessions of losses, the New York Mercantile Exchange contract for April rose on Thursday by 8.3 cents/MMBtu day/day to settle at $1.741. There was little room for optimism, though, for natural gas bulls. AccuWeather said the…
March 14, 2024Natural Gas Prices
Selling Weighted to Front of Natural Gas Forward Curves on Weak Near-Term Fundamentals
Against a backdrop of soft near-term fundamentals, exceptionally weak spot market pricing and plummeting Nymex futures, regional natural gas forwards came under widespread bearish pressure during the March 7-13 trading period, NGI’s Forward Look data show. For a market still threading the needle between near-term oversupply and anticipated future demand growth, selling was weighted toward…
March 14, 2024LNG
Freeport LNG Said Close to Restarting Train 3 – Three Things to Know About the LNG Market
NO. 1: Power usage at the Freeport LNG export terminal was ramping up on Thursday, according to Wood Mackenzie, as the facility prepares to restart its third train. The liquefaction unit has been offline since January, when extreme cold caused electrical issues at the plant on the upper Texas coast. An industry source with knowledge…
March 14, 2024LNG
Elba Island LNG Secures Positive Environmental Assessment from FERC
Federal regulators have found that Kinder Morgan Inc. (KMI) and its partners in Elba Island LNG could proceed with a 0.4 million metric tons/year (mmty) expansion project without significant environmental impact. Elba Liquefaction Co. LLC, a joint venture between KMI, Blackstone Credit and an undisclosed third party, filed a request with FERC last October to…
March 14, 2024Trending News
Markets
North American Natural Gas Prices in Doldrums After Warm Winter – Mexico Spotlight
Mar 14, 2024Natural Gas Prices
Selling Weighted to Front of Natural Gas Forward Curves on Weak Near-Term Fundamentals
Mar 14, 2024Natural Gas Prices