Markets

North American natural gas futures ended a two-day losing streak on Thursday. The April New York Mercantile Exchange natural gas futures contract gained 7.5 cents day/day and settled at $2.514/MMBtu. May advanced 8.0 cents on the day to $2.626. NatGasWeather analysts said, “It’s been difficult to pinpoint the primary drivers of prices this week with…

Markets

U.S. natural gas consumption averaged 88.5 Bcf/d last year, an all-time high in records dating back to 1949, according to the Energy Information Administration (EIA). The federal agency said natural gas consumption peaked last year in January and July. EIA noted that natural gas peaks twice a year in the United States, driven by the…

Markets

Though late-season cold was boosting heating demand across most of the Lower 48, natural gas forward prices continued to decline during the March 9-15 period, according to NGI’s Forward Look. In a sign that the chilly weather arrived too little too late, fixed price decreases averaged 11.0 cents for the April contract, Forward Look data…

Infrastructure

NextDecade Corp. said in a regulatory filing on Thursday that it has amended its agreements with Bechtel Energy Inc. to lock in the prices of its engineering, procurement and construction (EPC) contracts until June 15 for the proposed Rio Grande LNG export terminal in South Texas. The company extended the agreement after missing a deadline…