September Natural Gas Prices Retreat in Face of Dangerously Low Storage

The latest round of government storage data was about as bullish as it could be, but sellers came into the fold once weather models showed the upcoming heat being a little less intense. The September Nymex gas futures contract settled Thursday at $4.140, off 1.8 cents day/day. October slipped 1.5 cents to $4.148. Spot gas…

Cheniere Sees Record LNG Exports, but Commodity Price Exposure Leads to Losses

Cheniere Energy Inc. reported record liquefied natural gas (LNG) exports from its terminals in Louisiana and Texas during the second quarter, when demand surpassed expectations as the global market tightened further.  The largest U.S. gas exporter loaded 139 cargoes, or 496 TBtu of LNG, in the second quarter. Results shattered a previous record of 133…

August 5, 2021

Atlantic Hurricane Season Looking to Reignite, Impact Natural Gas Production, Says NOAA

Conditions are ripe for another above-average hurricane season that could potentially send ripples throughout natural gas production in the Gulf of Mexico (GOM) over the next three months, the National Oceanic and Atmospheric Administration (NOAA) said in a new forecast. Should the NOAA’s Climate Prediction Center forecast bear out, it would mark the sixth consecutive…

August 5, 2021

September Natural Gas Prices Retract Early Gains Despite EIA’s ‘Uncomfortably Tight’ 13 Bcf Injection

Natural gas futures overcame an early slide after the U.S. Energy Information Administration (EIA) reported a modest 13 Bcf injection into storage inventories for the week ending July 30. After hitting a $4.116/MMBtu low, the September Nymex gas futures contract bounced back to $4.199 as the storage figure crossed trading desks. However, traders failed to…

August 5, 2021

ConEd, 174 Power Global Get OK for Battery Storage System in New York

Consolidated Edison Inc. (ConEd) and 174 Power Global are set to move forward with the East River Energy Storage Project, a 100 MW battery storage system in New York City, after the state Public Service Commission (PSC) gave recent approval for the project.  Irvine, CA-headquartered 174 Power Global, which specializes in renewable energy projects, has…

August 5, 2021