gulf coast express pipeline

Brightening LNG Demand Outlook Helping to Lift Natural Gas Forwards; West Texas Production Constrained

Brightening LNG Demand Outlook Helping to Lift Natural Gas Forwards; West Texas Production Constrained

North American natural gas forwards rallied across the 2024 strip during the May 2-8 trading period as sagging production readings and an incrementally supportive LNG export outlook stirred bullish optimism. Benchmark Henry Hub set the tone, with June fixed prices rallying 25.5 cents week/week to reach $2.194/MMBtu, according to NGI’s Forward Look. Negative Basis in…

May 9, 2024
Natural Gas Futures Rally Back Above $2 as Freeport Flows Strengthen — MidDay Market Snapshot

Natural Gas Futures Rally Back Above $2 as Freeport Flows Strengthen — MidDay Market Snapshot

Buoyed by higher volumes flowing to a major export terminal and continued production weakness, natural gas futures were rallying through midday trading Thursday. Here’s the latest: June Nymex futures up 10.4 cents to $2.036/MMBtu as of 2:25 p.m. ET, back in line with Monday’s close Production off to slow start for May, estimates show Wood…

May 2, 2024
Natural Gas Futures Slide; West Texas Cash Back Above Zero — MidDay Market Snapshot

Natural Gas Futures Slide; West Texas Cash Back Above Zero — MidDay Market Snapshot

Natural gas futures drifting lower through midday trading as balances in focus ahead of Thursday’s U.S. Energy Information Administration (EIA) storage report April Nymex contract down 3.0 cents to $1.927/MMBtu as of 1:50 p.m. ET Reuters poll sees median 40 Bcf Lower 48 storage draw for week ended March 1 based on 13 estimates from…

March 6, 2024
Kinder Morgan Testing Support to Expand Permian Natural Gas Pipeline

Kinder Morgan Testing Support to Expand Permian Natural Gas Pipeline

A Kinder Morgan Inc. (KMI) subsidiary has launched an open season to gauge shipper interest in expanding a pipeline system that transports natural gas from the Permian Basin to South Texas markets. Gulf Coast Express Pipeline LLC (GCX) said the expansion could boost capacity on the Permian conduit by nearly 570 MMcf/d, pending a final…

May 17, 2022