Jeremiah Shelor

Dealing yet another legal blow to the embattled Atlantic Coast Pipeline LLC (ACP), the U.S. Court of Appeals for the Fourth Circuit has ruled that the U.S. Forest Service (USFS) erred when it signed off on the project’s plans to cross federal lands.

January natural gas futures were down 14.5 cents to $4.262/MMBtu shortly before 9 a.m. ET Wednesday as forecasters pointed to guidance showing warmer conditions could linger to the end of the month.

A little less than a year removed from a stretch of intense cold that blasted the East Coast and sent natural gas prices skyrocketing in early January, New York’s grid operator said it’s prepared to meet electricity demand this winter.

January natural gas futures were down 6.9 cents to $4.476 shortly before 9 a.m. ET Tuesday as diverging outcomes from the major weather models were raising uncertainty over the timing of a potential return to colder temperatures later this month.

As liquefied natural gas (LNG) expands its share of global trade, the world’s gas demand will grow at the fastest rate among fossil fuels through 2040, according to a recent report from the Gas Exporting Countries Forum (GECF).

Natural gas futures sold off across the winter strip Tuesday as markets awaited further clues on the timing and strength of a potential return to colder temperatures later this month. In the spot market, prices sold off across most of the Lower 48 on expectations for milder national demand over the next few days, though points in volatile New England lurched higher; the NGI Spot Gas National Avg. fell 8.0 cents to $4.545/MMBtu.

Natural gas futures sold off across the winter strip Tuesday as markets awaited further clues on the timing and strength of a potential return to colder temperatures later this month. In the spot market, prices sold off across most of the Lower 48 on expectations for milder national demand over the next few days, though points in volatile New England lurched higher; the NGI Spot Gas National Avg. fell 8.0 cents to $4.545/MMBtu.

January natural gas futures were down 4.1 cents to $4.447/MMBtu shortly before 9 a.m. ET Monday, with forecasters noting milder trends over the weekend, but there are hints of cold returning later this month.

Between structural shifts in supply/demand balance and historically lean stockpiles, natural gas prices face major upside risks this winter, but even after recent gains, Henry Hub bulls should have room to run before U.S. liquefied natural gas (LNG) exports start to become uneconomic, according to analysts.