Force Majeure

Natural Gas Futures Slip as Laura Threatens to Crush Demand; Cash Softens

Natural Gas Futures Slip as Laura Threatens to Crush Demand; Cash Softens

Natural gas traders were on high alert Tuesday as Hurricane Laura churned toward the Gulf Coast, with impacts to supply and demand reverberating across the market ahead of the storm’s projected landfall late Wednesday or early Thursday. Volatility was on full display, with the September Nymex gas futures plunging to an early $2.451 intraday low…

August 25, 2020

The Offtake: LNG in Brief

A roundup of news and commentary from NGI’s LNG Insight Henry Hub settled at a 25-year low on Thursday at $1.482, down 7.2% day/day, while the front-end of the Nymex forward curve collapsed after a 120 Bcf injection into storage. U.S. futures extended their losses in early trading Friday, but the July contract rolled off…

June 26, 2020
LNG Recap: Oil’s Tailspin Seen Having Varying Impacts on Global NatGas Trade

LNG Recap: Oil’s Tailspin Seen Having Varying Impacts on Global NatGas Trade

As oil prices plunged on Monday and sent global energy markets into turmoil, plenty of implications were seen for liquefied natural gas (LNG), including the possibility of higher prices for U.S. buyers and relief for offtakers overseas.

March 9, 2020
Force Majeure Shuts In Most of REX Zone 3 Receipts

Force Majeure Shuts In Most of REX Zone 3 Receipts

A force majeure declared Tuesday on the Rockies Express Pipeline (REX) system remained in effect Wednesday morning and has resulted in an approximately 1.1 Bcf/d reduction in east-to-west flow from the recent throughput level of 1.8 Bcf/d.

March 2, 2016