Natural Gas Prices

Against a consistent backdrop of lackluster natural gas demand, robust production, lagging exports and unseasonably high storage inventories, forward prices continued to crumble during the March 16-22 period, according to NGI’s Forward Look. Natural gas fixed prices declined more than 30.0 cents on average for April, with several U.S. locations recording even steeper decreases for…

LNG

LNG vessel rates continue to plunge, recently hitting some of their lowest points in months, as more ships have become available to move the super-chilled fuel, particularly in the Atlantic Basin. Spark Commodities on Thursday assessed the roundtrip cost of moving an April cargo from the United States to Europe at $49,500/day, down $1,000 from…

LNG

New Asian LNG buyers are making forays into the spot market amid a drop in regional prices, but global volatility and the risk of more price spikes could create hurdles for government policies to reduce reliance on coal. Asian spot prices fell in February and March because of a mild winter, lower demand from Europe…

LNG

A roundup of news and commentary from NGI’s LNG Insight Freeport LNG Development LP has canceled up to four cargoes that were scheduled to be loaded this month as it continues working through issues to fully restart the plant on the upper Texas coast after an explosion nine months ago, according to Reuters.  Market sources…