Leticia Gonzales

In the throes of the shoulder season, natural gas forward prices sank further during the March 28-April 3 period amid a healthy supply picture, mild weather and storage inventories that were seen as easily being replenished this summer. May, June and balance-of-summer (May-October) prices slid an average 5 cents, while Permian Basin forward prices joined their cash counterparts in negative territory, according to NGI’s Forward Look.

After a temporary stall, natural gas futures moved decisively lower Thursday as the potential for more cold later this month didn’t appear to be such a big deal after the Energy Information Administration (EIA) delivered a huge bearish miss on storage data. The Nymex May gas futures contract settled 3.4 cents lower at $2.643/MMBtu, while June fell 2.9 cents to $2.686.

After a temporary stall, natural gas futures moved decisively lower Thursday as the potential for more cold later this month didn’t appear to be such a big deal after the Energy Information Administration (EIA) delivered a huge bearish miss on storage data. The Nymex May gas futures contract settled 3.4 cents lower at $2.643/MMBtu, while June fell 2.9 cents to $2.686.

Total SA’s stake in Tellurian Inc.’s planned Louisiana liquefied natural gas (LNG) export project is nearing the $1 billion mark after the French major agreed to invest another $500 million in the facility.

Traders kept a watchful eye on weather models Wednesday, but with little significant change to long-term outlooks, opted to hold their positions intact ahead of fresh storage data expected Thursday that is likely to reflect the first build of the season. The Nymex May gas futures contract settled only seven-tenths of a cent lower at $2.677, as did June, which landed at $2.715.

Traders kept a watchful eye on weather models Wednesday, but with little significant change to long-term outlooks, opted to hold their positions intact ahead of fresh storage data expected Thursday that is likely to reflect the first build of the season. The Nymex May gas futures contract settled only seven-tenths of a cent lower at $2.677, as did June, which landed at $2.715.

NextDecade Corp. took the global stage late Monday in announcing the first long-term supply deal from its proposed Rio Grande liquefied natural gas (LNG) export project in South Texas.

Although high pressure that started building across the country eased natural gas demand and prices on Tuesday, early signals for more cold weather later this month limited any significant declines. The Nymex May gas futures contract slipped 2.4 cents to settle at $2.684. June fell 2.7 cents to $2.722.

Although high pressure that started building across the country eased natural gas demand and prices on Tuesday, early signals for more cold weather later this month limited any significant declines. The Nymex May gas futures contract slipped 2.4 cents to settle at $2.684. June fell 2.7 cents to $2.722.