Freeport Lng

Natural Gas Futures Flop as Market Eyes LNG Weakness — MidDay Market Snapshot

Natural Gas Futures Flop as Market Eyes LNG Weakness — MidDay Market Snapshot

Amid signs of ongoing issues at a major U.S. LNG export terminal, and with physical market prices pointing to weak near-term fundamentals, natural gas futures were headed for heavy losses as of midday trading Wednesday.  Here’s the latest: May Nymex futures down 13.2 cents to $1.680/MMBtu as of 2:11 p.m. ET Day-ahead Henry Hub prices…

April 24, 2024
Natural Gas Futures Steady, Cash Mixed — MidDay Market Snapshot

Natural Gas Futures Steady, Cash Mixed — MidDay Market Snapshot

Natural gas futures visited both sides of even through midday Tuesday as traders mulled less-than-inspiring forecasts and strengthening export volumes. Cash markets were mixed, with some chilly spring weather failing to have much impact on Midwest and Northeast prices. Here’s the latest: May Nymex futures up 0.7 cents to $1.798/MMBtu as of 2:08 p.m. ET…

April 23, 2024
West Texas Clawing Back as Volatile Week Ends with Natural Gas Prices Still Lower; Futures Slip

West Texas Clawing Back as Volatile Week Ends with Natural Gas Prices Still Lower; Futures Slip

Struggles defined the weekly natural gas cash market as prices bounced between gains and losses amid seasonal factors including fickle weather and maintenance activity.  NGI’s Weekly Spot Gas National Avg. for the April 15-19 period ultimately lost 7.5 cents to $1.135/MMBtu. Meanwhile, the May Nymex futures contract jumped early in the week after reports of…

April 19, 2024
Natural Gas Futures Treading Water to Close Out Week; Cash Mixed — MidDay Market Snapshot

Natural Gas Futures Treading Water to Close Out Week; Cash Mixed — MidDay Market Snapshot

Natural gas futures were essentially flat through midday trading Friday, with prices seemingly lacking direction amid the competing fundamental trends of sagging export demand and fading production. Here’s the latest: May Nymex futures off fractionally at $1.756/MMBtu at around 2:30 p.m. ET U.S. drops three natural gas rigs in latest Baker Hughes Co. count The…

April 19, 2024
Oman Continues LNG Supply Push With Two New Deals – Three Things to Know About the LNG Market 

Oman Continues LNG Supply Push With Two New Deals – Three Things to Know About the LNG Market 

NO. 1: Feed gas deliveries to U.S. LNG export plants ticked back up on Thursday after recent downturns as maintenance season gets underway. Overall, U.S. feed gas demand was nominated at 10.8 Bcf, up 5% from Wednesday. Nominations for the Freeport liquefied natural gas export terminal in Texas on Thursday were at 276 MMcf, or…

April 18, 2024
Natural Gas Futures Retreat as TC Energy Limits Effects of Western Canada Pipeline Rupture

Natural Gas Futures Retreat as TC Energy Limits Effects of Western Canada Pipeline Rupture

Natural gas futures gave back some of Tuesday’s gains Wednesday after TC Energy Corp. said it was able to isolate the impacts of a rupture of its Nova Gas Transmission Ltd. (NGTL) pipeline in Western Canada. At A Glance: NGTL incident is contained Analysts expect moderate injection Production at 98.4 Bcf/d Futures jumped more than…

April 17, 2024
Natural Gas Futures Lower as Market Mulls Soft Demand — MidDay Market Snapshot

Natural Gas Futures Lower as Market Mulls Soft Demand — MidDay Market Snapshot

Natural gas futures remained lower through midday trading Wednesday as LNG export demand weakness continued to weigh on prices. Physical markets were strengthening somewhat amid modestly cooler weather expected later this week. Here’s the latest: May Nymex futures were off 3.1 cents to $1.701/MMBtu as of 2:01 p.m. ET Pipeline flows to U.S. liquefied natural…

April 17, 2024
Freeport LNG’s Extended Drop in Feed Gas Adds Pressure to U.S. Natural Gas Demand

Freeport LNG’s Extended Drop in Feed Gas Adds Pressure to U.S. Natural Gas Demand

Flows of natural gas to Freeport LNG have remained at a trickle for a week, fueling market concern that possibly all three trains at the facility could be offline after a reported issue with Train 3 last week. Nominations for natural gas to the liquefied natural gas facility had been reduced to about one-fourth of…

April 17, 2024
Negative West Texas Prices Weigh Down Weekly Spot Natural Gas Average; Futures See-Saw

Negative West Texas Prices Weigh Down Weekly Spot Natural Gas Average; Futures See-Saw

Despite bullish national production readings, weekly natural gas cash prices retreated alongside a West Texas supply glut and festering headwinds in the region.  NGI’s Weekly Spot Gas National Avg. for the April 8-12 period lost 25.0 cents to $1.210/MMBtu. West Texas prices, as they did the prior week, proved the principal source of weakness. Waha…

April 12, 2024
Natural Gas Futures Snap Winning Streak Following Bearish Storage Print; Cash Prices Clunk

Natural Gas Futures Snap Winning Streak Following Bearish Storage Print; Cash Prices Clunk

Natural gas futures on Thursday fumbled away gains made earlier this week following a stronger-than-expected government inventory print and forecasts for benign weather and weak demand ahead. At A Glance: EIA prints 24 Bcf build Production holds lower Weather demand fades Following modest gains over the prior four sessions, the May Nymex gas futures contract…

April 11, 2024
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