Exports

The Australian Government has outlined a program that it contends will help the country secure natural gas supplies over the next two decades. “The National Gas Infrastructure Plan supports a strategic approach to gas infrastructure investment over the next 20 years and aims to guide industry to priority areas that need to be addressed to…

Natural gas prices in Asia and Europe moved higher Monday despite growing concerns over a new variant of Covid-19 that weighed on commodities late last week. A colder shift in the forecast and a reduction in pipeline imports in Europe were supporting prices as traders continue to monitor the potential impacts of the Omicron variant…

Responsibly-sourced natural gas (RSG) is key to unlocking more demand for the fuel overseas, but largely in countries that can afford it, according to a panel of U.S. producers and exporters that spoke in Washington, DC, earlier this month. “RSG is a contract between a region that is privileged to have the supply and a…

A roundup of news and commentary from NGI’s LNG Insight European carbon prices hit record highs this week. The allowances purchased by the power and manufacturing sectors for emissions closed at 69.32 euros/metric ton ($78.25) on Friday.  Stronger gas prices, colder weather and rules for an international carbon market reached at COP26 have all prompted…

U.S. natural gas spot prices are set to average $5.53/MMBtu over the next few months as near-average winter inventory draws and higher liquefied natural gas (LNG) exports figure to help keep prices elevated into early 2022, the Energy Information Administration (EIA) said Tuesday. In its latest Short-Term Energy Outlook (STEO), EIA reported an average Henry…

Weekly cash prices dived lower as frosty temperatures early in the week were not enough to galvanize strong national heating demand. NGI’s Weekly Spot Gas National Avg. for the Nov. 1-5 period dropped 29.0 cents to $5.285. Freezing overnight temperatures arrived early in the week over swaths of the Northern Plains and Upper Midwest, with…

Natural gas futures jumped higher on Wednesday, posting a second-consecutive gain as markets focused on forecasts for increased heating needs around mid-November and continued strong demand for U.S. exports of liquefied natural gas (LNG) amid tight global balances. At A Glance: Futures advance for second straight day Demand outlook strengthens in coming weeks Cash prices…

With limited global supplies and robust demand entering the peak winter season, Raymond James analysts this week boosted their already bullish natural gas price forecasts for this year and 2022. Analysts J.R. Weston and John Freeman said they raised their full-year 2021 Henry Hub average price forecast 6% to $3.70/MMBtu and their expectation for next…

After trading sideways for the better part of Wednesday’s session, natural gas futures surged in the last half hour as the tight global supply backdrop provided bulls the justification for another rally. The November Nymex gas futures contract settled at $5.170/MMBtu, up 8.2 cents on the day. December edged up 9.7 cents to $5.447. Spot…