LNG Recap: Global Natural Gas Prices Gaining Momentum After Last Week’s Steep Declines

Global natural gas prices fell across the board last week, weighed down by warmer weather in Europe and North America, along with continued measures to battle the coronavirus that have cut demand. January Japan Korea Marker (JKM) futures slid  to $6.375/MMBtu on Friday, finishing well below the $7.00 mark near where the contract has been…

Global Oil, Natural Gas Producers Commit to More Transparency in Reporting Methane Emissions

A group of 62 oil and natural gas operators, which together represent 30% of the world’s production, agreed Monday to report their methane emissions with a “higher level” of transparency. The Oil and Gas Methane Partnership (OGMP) is a Climate and Clean Air Coalition (CCAC) initiative led by the United Nations Environment Programme (UNEP), the…

November 23, 2020

Natural Gas Forward Prices Plummet Despite ‘Resolutely Bullish’ Core Fundamentals

A balmy weather outlook that was seen potentially extending through the first third of December weighed heavily on natural gas market sentiment during the Nov. 12-18 period, sending forward prices crashing down by an average of 36.0 cents, according to NGI’s Forward Look. Similar to the prior week, the steepest losses occurred in Appalachia. However,…

November 20, 2020

Total Completes World’s Largest LNG Bunkering Operation

Total SE said this week that an affiliate has completed the largest marine refueling with liquefied natural gas (LNG) ever to take place.  The company said it filled the CMA CGM Jacques Saadé, a large containership, with 17,300 cubic meters of LNG at the Port of Rotterdam in the Netherlands last week, making it the…

November 20, 2020

With Storage Injection and Weather Bearish, December Natural Gas Futures Slide Lower

Weak weather-driven demand and a higher-than-expected storage injection weighed down natural gas futures on Thursday. The December Nymex contract shed 12.0 cents day/day and settled at $2.592/MMBtu. January fell 11.8 cents to $2.720. NGI’s Spot Gas National Avg. declined 4.5 cents to $2.125. After weather models shifted cooler earlier in the week, they reverted back…

November 19, 2020