Exports

Global natural gas prices remain strong coming off a week shortened by Christmas and heading into another with limited trading activity as the New Year holiday nears. The Dutch Title Transfer Facility (TTF) contract for February delivery finished the short week on Thursday at $6.321/MMBtu, while the UK’s National Balancing Point finished at $7.015 and…

After large swings the past three weeks, natural gas forward prices took a breather as moderate weather settled over the United States in between bouts of colder temperatures. January prices fell only 4.0 cents on average from Dec. 17-23, as did the balance of winter (January-March), according to NGI’s Forward Look. The rest of the…

Natural gas futures plummeted Wednesday as weather models continued to seesaw, production increased, export cargoes were reportedly cancelled, and the latest government inventory print fell shy of market expectations. The January Nymex contract settled at $2.608/MMBtu, down 17.2 cents day/day. February fell 16.1 cents to $2.588. NGI’s Spot Gas National Avg., meanwhile, dropped 18.0 cents…

The UK would end government-funded financial support for overseas oil, natural gas and coal projects under a plan announced this month by Prime Minister Boris Johnson as the country continues to jockey for position in the global fight against climate change.  The policy would end taxpayer support for export finance, aid funding and trade promotion…

Global natural gas prices are soaring as the week gets underway amid increasing demand in Asia and colder weather in Europe. The Dutch Title Transfer Facility, the dominant price marker in Europe, hit its highest point in nearly two years during Tuesday trading. TTF is moving higher after falling last week amid lackluster heating demand,…

U.S. liquefied natural gas (LNG) developers are anticipating that 2021 will be much different than 2020. Covid-19 and uncertain long-term economics dashed the plans for a number of U.S. gas export projects to make a positive final investment decision (FID) this year. Most of those projects pushed their planned FID dates into 2021, with the…

Natural gas futures pause on fluctuating weather outlooks, lower LNG demand Adequate supplies seen for remainder of winter despite upcoming cold blasts Northeast cash rallies again on approaching winter storm Natural Gas Futures Stall as Major Snowstorms Heads Toward East Coast Natural gas futures shifted into neutral Tuesday amid some inconsistencies in the weather data…

U.S. liquefied natural gas (LNG) exports to China have ramped up this year but remain far below the levels specified in a phase one trade deal signed in January by the two countries to try to improve trade relations. Since U.S. LNG exports to China resumed in March after a hiatus of more than one…

Asian liquefied natural gas (LNG) spot prices are at two-year highs and are projected to remain strong enough next summer to prevent significant cancellations of U.S. LNG cargoes in 2021, BofA Global Research analysts said. Projected U.S. LNG export arbitrages for next summer are now positive, in the range of $0.75-$1.00/MMBtu, the analysts said in…