Cove Point LNG

Natural gas futures rallied on Wednesday, extending a week-to-date win streak amid advancing cold in the North, strengthening spot prices and solid LNG demand. At A Glance: Production off 2023 high Colder northern weather Light injection expected The November Nymex gas futures contract gained 3.9 cents day/day and settled at $3.010/MMBtu. December rose 5.4 cents…

Natural gas futures rallied a second straight day, bolstered by cooler trends for the densely populated Northeast, spot market momentum and moderated production. At A Glance: Modest injection expected Mixed weather forecasts Production remains lower Coming off a 10.9 cent-gain the prior session, the November Nymex gas futures contract rose another 1.3 cents on Wednesday…

Natural gas futures fell for a second consecutive day, with cooler weather and diminished demand overshadowing hits to production and a seasonally light storage injection. At A Glance: EIA posts 64 Bcf storage injection Production lower on maintenance Cooling demand dissipates rapidly The October Nymex gas futures contract fell 12.3 cents day/day and settled at…

A mixed week of natural gas forwards price action brought strengthening in the south central Lower 48, countered by shoulder season moderation for the Northeast and out West, an analysis of NGI’s Forward Look data for the Sept. 14-20 trading period shows. With nary a hint of intimidating early season cold, at least for now,…

Natural gas futures floundered on Wednesday, continuing a topsy-turvy trading trend as market participants weighed continued strong supplies against robust – but varying – cooling demand and forecasts for more of the same. At A Glance: Front month sheds 6.5 cents Analysts see smaller injection Weather forecasts ease some Following a 4.5-cent gain for the…

An affiliate of Warren Buffett’s Berkshire Hathaway Inc. has agreed to boost its ownership stake in the Cove Point LNG export terminal in Lusby, MD, to 75% in a deal valued at $3.3 billion. Berkshire Hathaway Energy (BHE) said it would purchase Dominion Energy Inc.’s 50% stake, leaving Brookfield Infrastructure Partners with 25% interest in…

Natural gas futures took a breather Wednesday following a two-day rally at the front of the curve that lifted the prompt-month contract amid technically oversold conditions. Despite some intraday volatility, the November Nymex contract closed out Wednesday’s session at $5.606, off only seven-tenths of a penny from Tuesday’s close. December natural gas futures slipped 4.7…

The increased demand and value of U.S. LNG has inspired Cove Point LNG to pursue a new project that could help it export as much natural gas overseas as possible, management disclosed in a letter to FERC. Cove Point LNG LP has filed a preliminary request to the Federal Energy Regulatory Commission for a small…

A roundup of news and commentary from NGI’s LNG Insight Annual maintenance at the Cove Point LNG terminal in Maryland has concluded after 21 days. Feed gas flows to the terminal returned to their pre-work levels Tuesday. Overall, U.S. feed gas deliveries were nominated at 11.2 Bcf early Wednesday, up by roughly 1 Bcf from…