Exports

February Natural Gas Futures Fail to Finish Strong in Volatile Trading Day

February Natural Gas Futures Fail to Finish Strong in Volatile Trading Day

In an erratic day of trading that saw natural gas futures swing between gains and losses several times, the prompt month eventually finished in the red despite the potential for a surge in freezing temperatures and robust heating demand in late January. Lower production, rising U.S. liquefied natural gas (LNG) volumes and expectations for a…

January 13, 2021
Short-Term LNG Export Authorizations Dropped in Federal Deregulatory Blitz

Short-Term LNG Export Authorizations Dropped in Federal Deregulatory Blitz

The U.S. Department of Energy (DOE) will no longer issue separate authorizations for short-term liquefied natural gas (LNG) exports, which now are to be covered by long-term licenses, according to a policy change that took effect on Tuesday.  The move comes only days before President-elect Biden is to be sworn in and come as part…

January 12, 2021
IEA Mapping Global Route for Energy Operators, Governments to Reach Net-Zero Emissions by 2050

IEA Mapping Global Route for Energy Operators, Governments to Reach Net-Zero Emissions by 2050

The world’s first comprehensive roadmap for the energy sector, designed to help governments and companies reach net-zero emissions by 2050, is set to be issued later this year as climate change issues dominate, according to the International Energy Agency (IEA). The global energy watchdog said the report, to be issued in May, would “set out…

January 11, 2021
Spanish Natural Gas Prices Hit Record as Competition for LNG Cargoes Heats Up

Spanish Natural Gas Prices Hit Record as Competition for LNG Cargoes Heats Up

Global natural gas prices continued a relentless move higher on Friday, as spot prices in Spain shattered records and all-time highs in the northern Asia market showed no signs of slowing amid a cold snap and supply crunch supporting the bullish run.  In Spain, a major gas-consuming country that hosts more liquefied natural gas (LNG)…

January 8, 2021
Natural Gas Forwards Rally Sharply on Sustained LNG Demand, but Market Waiting for More Cold

Natural Gas Forwards Rally Sharply on Sustained LNG Demand, but Market Waiting for More Cold

A four-day winning streak spurred by chillier forecasts for the second half of January resulted in sharp increases in natural gas forward prices. Gains were particularly strong on the East Coast, nearing 60.0 cents at several pricing hubs during the shortened Dec. 30-Jan. 6 trading period, according to NGI’s Forward Look. Nymex futures mounted solid…

January 8, 2021
CME to Launch Asian LNG Futures Contracts Aimed at Japanese Power Producers

CME to Launch Asian LNG Futures Contracts Aimed at Japanese Power Producers

CME Group said late Wednesday it plans to launch two Asian liquefied natural gas (LNG) futures contracts and four Japanese electricity futures contracts in February. While the electricity contracts would expand CME’s suite of global power futures and options, the two LNG contracts could provide Japanese power producers another tool to manage price risk, the…

January 7, 2021
Despite Demand Uncertainty, February Natural Gas Futures Keep 2021 Win Streak Alive

Despite Demand Uncertainty, February Natural Gas Futures Keep 2021 Win Streak Alive

Natural gas prices hovered in a narrow range of gains and losses early Wednesday as traders mulled strong demand for U.S. liquefied natural gas (LNG) exports against weakened weather outlooks. But futures held firmly into the green in the afternoon as analysts rolled out forecasts for a substantial withdrawal with Thursday’s government storage report. The…

January 6, 2021
Asia LNG Prices Skyrocket as Buyers Scramble for Supplies Amid Cold Snap, Power Shortages

Asia LNG Prices Skyrocket as Buyers Scramble for Supplies Amid Cold Snap, Power Shortages

Liquefied natural gas (LNG) prices continued to set records in North Asia on Wednesday as buyers scrambled for prompt cargo deliveries amid a supply shortage and cold snap. Trafigura Group Pte. Ltd. purchased a cargo from PetroChina Co. Ltd. at $21.70/MMBtu for delivery to China early next month. The transaction was above the previous high…

January 6, 2021
NGI’s Daily LNG Data Available for Free Download for Limited Time

NGI’s Daily LNG Data Available for Free Download for Limited Time

The key daily data that drives both the global natural gas market and NGI’s LNG Insight is now available at no cost for a limited time.  NGI subscribers and website visitors may access a daily Microsoft Excel spreadsheet for download that includes more than 20 sets of data compiled each day. Subscribers of all NGI…

January 5, 2021
Natural Gas Forwards Close Out 2020 with Steep Losses Amid Warm January Outlook

Natural Gas Forwards Close Out 2020 with Steep Losses Amid Warm January Outlook

With Old Man Winter appearing to trade in his snow boots for flip flops, natural gas forward prices ratcheted up declines during the final week of 2020. February prices tumbled an average of 11.0 cents from Dec. 24 to 30, while the balance of winter (February-March) fell an average 9.0 cents, according to NGI’s Forward…

December 31, 2020
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