henry hub

LNG Recap: Global Natural Gas Prices Gaining Momentum After Last Week’s Steep Declines

LNG Recap: Global Natural Gas Prices Gaining Momentum After Last Week’s Steep Declines

Global natural gas prices fell across the board last week, weighed down by warmer weather in Europe and North America, along with continued measures to battle the coronavirus that have cut demand. January Japan Korea Marker (JKM) futures slid  to $6.375/MMBtu on Friday, finishing well below the $7.00 mark near where the contract has been…

November 23, 2020
LNG Rebound Still Fragile as European Storage, Winter Weather Patterns Remain Wildcards

LNG Rebound Still Fragile as European Storage, Winter Weather Patterns Remain Wildcards

Goldman Sachs Commodities Research analysts this week reiterated their belief that last summer was “the peak of the current bearish cycle in global gas markets,” saying in a forecast that they expect tighter conditions in Asia, Europe and the United states through next year. Goldman analysts said they see this year’s bearish drivers “largely reversing”…

November 19, 2020
Natural Gas Futures Rebound as Weather Forecasts Stabilize, Spot Prices Mount, and Pandemic’s Potential End in Sight

Natural Gas Futures Rebound as Weather Forecasts Stabilize, Spot Prices Mount, and Pandemic’s Potential End in Sight

Regional heating demand is expected to heighten along with colder temperatures in the Mountain West and snow over the Northern Plains this week, helping to counter warmth elsewhere across the Lower 48 and fueling a long-awaited rally on Tuesday in natural gas futures. Over the prior six trading sessions, the prompt month shed nearly 50…

November 10, 2020

The Offtake: Vessel Finally Departs Cameron LNG

A roundup of news and commentary from NGI’s LNG Insight The Golar Seal departed Cameron LNG on Wednesday, transiting the Calcasieu Ship Channel with a draft of 35.8 feet, according to Bloomberg ship tracking data. The ship’s draft was below the 36-foot restrictions in place from a sunken rock barge in the CSC. The vessel…

October 22, 2020
Natural Gas Punches Through $3.00 as LNG Demand Reaches Fresh High; Traders Expecting Small Storage Build

Natural Gas Punches Through $3.00 as LNG Demand Reaches Fresh High; Traders Expecting Small Storage Build

Natural gas traders may have had the theme of 1980s sitcom “Three’s Company” playing in their heads Wednesday as they knocked on the door of $3.00/MMBtu gas. With the resumption of maximum exports imminent and weather models adding more demand, they got the job done. The November Nymex futures contract settled 11.0 cents higher at…

October 21, 2020
$5 Henry Hub Natural Gas Possible on Colder Winter, Says Morgan Stanley

$5 Henry Hub Natural Gas Possible on Colder Winter, Says Morgan Stanley

Record natural gas production declines and a potential rebound in winter demand could create the tightest market of the past decade, with Henry Hub prices soaring to $5.00/MMBtu if weather is colder than normal, according to Morgan Stanley. Researchers said that the precipitous drop in oil prices has stalled growth in the “free” associated gas…

October 6, 2020
Declining Natural Gas Production Seen Pushing Up U.S. Natural Gas Prices This Winter

Declining Natural Gas Production Seen Pushing Up U.S. Natural Gas Prices This Winter

Henry Hub spot natural gas prices are sitting under $1.50/MMBtu, but lower production is expected to drive a more than $2 rebound by February/March, assuming normal weather, according to IHS Markit. IHS Markit analysts expect the tightening supply/demand balance to lift Henry Hub cash prices to the $2.50 range by year’s end, up from an…

September 24, 2020
Natural Gas Basis Prices Narrowed in 1H2020 on Warmer Temps, Pandemic Effects

Natural Gas Basis Prices Narrowed in 1H2020 on Warmer Temps, Pandemic Effects

The average spot basis at many natural gas trading hubs in the United States narrowed during the first half of 2020 (1H2020) versus the same period last year, the Energy Information Administration (EIA) said Tuesday, citing NGI data. Basis refers to the difference between the natural gas price at a given hub and the Henry…

September 8, 2020
LNG Recap: Henry Hub Leads Global Gas Benchmarks Higher

LNG Recap: Henry Hub Leads Global Gas Benchmarks Higher

U.S. natural gas prices have surged this week, breaking out of a narrow trading range with the largest single-day increase in more than 18 months and pushing up other benchmarks across the world. A day after Henry Hub jumped 30 cents to finish at $2.10, the September contract gained another 9.2 cents to finish at…

August 5, 2020
EIA Says Henry Hub Natural Gas Averaged $1.81/MMBtu January-June

EIA Says Henry Hub Natural Gas Averaged $1.81/MMBtu January-June

U.S. natural gas benchmark Henry Hub prices tracked nearly $1 below year-ago levels in the first half of the year, averaging only $1.81/MMBtu, according to the Energy Information Administration (EIA). This included a record low of $1.61 in June and sub-$2 gas in each month from February through June. Before 2020, the Henry Hub price…

July 13, 2020
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