The management team of Southwestern Energy Co. sees strengthening natural gas prices on the horizon, as U.S. producers tap the brakes on output and LNG exports continue to rise. CEO Bill Way hosted a conference call to discuss third quarter results for the natural gas-weighted independent, which operates in the Appalachian Basin and the Haynesville…
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December Natural Gas Futures Debut with Thud Amid ‘Overbought’ Conditions; Spot Prices Surge
The December natural gas futures contract opened its front-month campaign with a whimper, hampered by warming trends in weather forecasts, profit-taking and expectations for one more stout storage increase. At A Glance: Futures shed 13.1 cents Forecasts trend warmer NGI models 82 Bcf build Coming off solid gains over the course of the prior week,…
Egypt Signals Return of LNG Cargoes as Global Prices Continue to Plunge
Egypt has resumed loading LNG cargoes after months of absence from the export market, adding a further supply buffer for Europe as prices continue dipping. A ship controlled by TotalEnergies SE loaded at the Idku liquefied natural gas terminal in Egypt Thursday (10/5) before making a possible voyage to an import terminal in Europe, according…
What’s Natural Gas Futures Broker Steve Blair’s View on Price Drivers? Listen Now to NGI’s Hub & Flow
Click here to listen to the latest episode of NGI’s Hub & Flow, in which NGI Senior Markets Editor Kevin Dobbs interviews Marex North America LLC’s Steve Blair, senior account executive. Blair addresses possible production cuts, supplies in storage, weather demand, Australian LNG strikes, war in Russia and more – setting the stage for winter…
Uptick in Chinese Natural Gas Imports Places Further Pressure on Global LNG Supply
Despite a slower than expected economic recovery from the Covid-19 pandemic, China gradually regained its position as the world’s largest LNG importer in July, raising the potential for a winter supply squeeze. China’s liquefied natural gas imports from the beginning of the year through July totaled 42.2 million tons (Mt), placing it around 2 Mt…
New Asian LNG Buyers Slowly Influencing Global Natural Gas Market – Column
Asian natural gas consumption is the foundation upon which the LNG industry has been built.
With Robust Production, September Natural Gas Futures Fail to Sustain Momentum; Sideways Spot Prices
Natural gas futures lost ground Monday as production held strong and power burns eased following a weekend of regionally milder weather. At A Glance: Output near 101 Bcf/d August looks to be hot Storage strong for now Coming off a 4.3-cent gain in its debut as the front month on Friday, the September Nymex gas…
EU’s Joint Natural Gas Tender Platform ‘Exceeding Expectations,’ but Call for Transparency Continues
European Commission (EC) officials have called the bloc’s Aggregate EU joint natural gas purchasing platform a success after closing the second tender, but market participants and analysts are still calling for more information around contracts. Out of the nearly 12 Bcm matched in the second tender, liquefied natural gas accounted for 5.5 Bcm and the…
Russia Still Counting on Asian Demand as Natural Gas Output, Exports Continue Falling
Moscow has revised its gas strategy repeatedly since western sanctions were placed on Russia last year after it invaded Ukraine, and it is counting on Asia as an export destination to replace the loss of Europe’s 150 billion cubic meter (Bcm) market. The Russian government revised pipeline export targets last month to increase deliveries to…
Leaf River Adds to Roster of Natural Gas Storage Projects Targeting Gulf Coast
In another indication of renewed interest in natural gas storage capacity, Mississippi’s Leaf River Energy Center is seeking to modify its facility to maximize injections and withdrawals in response to customer requests for greater flexibility. NJR Midstream’s Leaf River, the third largest underground salt cavern in the Gulf Coast region, filed a proposal with FERC…