Freeport Lng

May Natural Gas Futures Narrow Losses on Expiry Day; Cash Prices Fall

May Natural Gas Futures Narrow Losses on Expiry Day; Cash Prices Fall

Natural gas futures fell Friday, with the May contract touching lows below $1.500/MMBtu before bouncing back on its last day as the front month. The June contract also fell, under pressure from milder weather patterns taking over and delaying expectations for summer’s heat to arrive. At A Glance: May Nymex rolls off board LNG exports…

April 26, 2024
Natural Gas Futures Slide as Hefty Wind Generation Plumps Up Weekly Storage Print 

Natural Gas Futures Slide as Hefty Wind Generation Plumps Up Weekly Storage Print 

Natural gas futures tried to shake off a stronger-than-expected government inventory print Thursday but settled lower as benign weather and LNG hiccups weighed. At A Glance: EIA reports 92 Bcf injection West Texas cash flips negative Freeport LNG stays down Following a nearly 16-cent decline, the May Nymex contract settled down 1.5 cents day/day at…

April 25, 2024
Natural Gas Forwards Slide Overall as West Texas Outlook Brightens for Bulls

Natural Gas Forwards Slide Overall as West Texas Outlook Brightens for Bulls

With excess storage inventories continuing to hang over the market through the shoulder season, natural gas forwards declined notably at the front of the curve for most regions during the April 18-24 trading period, data from NGI’s Forward Look show. May fixed prices at benchmark Henry Hub exited the period at $1.653/MMBtu, down 6.1 cents…

April 25, 2024
Natural Gas Futures Steady Following Midweek Swoon — MidDay Market Snapshot

Natural Gas Futures Steady Following Midweek Swoon — MidDay Market Snapshot

After a midweek nosedive, natural gas futures hovered close to even through midday trading Thursday, largely weathering the bearish impact of a high-side injection miss in the latest U.S. Energy Information Administration (EIA) storage data. Here’s the latest: Soon-to-expire May Nymex futures down 2.2 cents to $1.631/MMBtu at around 2:10 p.m. ET Henry Hub spot…

April 25, 2024
Mild Weather and Supply Woes Weigh on May Natural Gas Bidweek Prices 

Mild Weather and Supply Woes Weigh on May Natural Gas Bidweek Prices 

Baseload natural gas prices were trending lower for May delivery as mild weather and a glut of supply in Texas kept bidders from rushing to buy on the first day of bidweek trading Wednesday (April 24), according to NGI’s Bidweek Alert (BWA). In West Texas, Waha traded at fixed prices between negative 44.0 cents and…

April 25, 2024
Freeport LNG Reports Second Train 3 Outage in Two Weeks as Maintenance Continues

Freeport LNG Reports Second Train 3 Outage in Two Weeks as Maintenance Continues

Freeport LNG Development LP has reported another outage of its third train, currently the only one not under extensive maintenance at its Texas terminal, days after production appeared to resume, according to pipeline data and regulatory filings. The firm told Texas environmental regulators the unit experienced a system trip on Tuesday afternoon that lasted until…

April 25, 2024
Natural Gas Futures Retreat as Freeport Hiccup, Expected Bearish Storage Print Spook Traders 

Natural Gas Futures Retreat as Freeport Hiccup, Expected Bearish Storage Print Spook Traders 

More operational wobbles at the Freeport LNG terminal and worries of an expected bearish government storage print Thursday triggered another bout of selling in natural gas futures Wednesday. At A Glance: Freeport LNG Train 3 trips EQT sees curtailments through May Analysts expect above-average build The May Nymex contract dove around 10.0 cents in the…

April 24, 2024
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
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