LNG

Baseload natural gas prices for May remained under pressure relative to benchmark Henry Hub as bidweek trading commenced on Monday, hindered by benign weather and continued strong production levels. Weakness was pronounced in the nation’s midsection, according to NGI’s Bidweek Alert (BWA), with prices low across the Midwest and Midcontinent. Chicago Citygate basis was trading…

Despite a precipitous slide in global natural gas prices over the last year and easing demand, buyers in Europe and Asia are likely to face a tighter market for years to come. For much of the week, liquefied natural gas to Asia held under $13/MMBtu while the prompt Dutch Title Transfer Facility moved closer to…

NextDecade Corp.’s Rio Grande LNG project has cleared a major hurdle that opens a clearer path to reaching a final investment decision (FID) after FERC reaffirmed its approval for the facility and an associated pipeline in a long-awaited order issued late Thursday.  In a 3-1 vote, the Federal Energy Regulatory Commission found its 2019 approvals…

With the market contemplating signs of continued looseness offered up in the latest government inventory data, natural gas futures eased lower in early trading Friday. The May Nymex contract was off 0.8 cents to $2.241/MMBtu at around 8:40 a.m. ET. The Energy Information Administration (EIA) on Thursday reported a 75 Bcf injection into U.S. natural…

As Waha natural gas prices languish below $1/MMBtu, attention is increasingly turning to Mexico as a possible outlet for incremental gas volumes from the Permian Basin. With more than 6 Bcf/d of LNG export projects in varying stages of development, Mexico presents an interesting opportunity to move West Texas gas to the global LNG market,…

After soaring in 2022, North American natural gas prices have sunk this year. But this could change as soon as this summer, and certainly starting next year when new U.S. LNG capacity comes online. April New York Mercantile Exchange natural gas futures rolled off the board at $1.991/MMBtu last month, “but it’s not clear if…

Click here to listen to the latest episode of NGI’s Hub & Flow podcast. NGI’s Senior Editor Christopher Lenton, who oversees coverage of Mexico and Latin America, chats with Poten & Partners’ senior LNG analyst Sergio Chapa about the changing liquefied natural gas panorama in North America. Following Russia’s invasion of Ukraine, new momentum was…

After soaring in 2022, North American natural gas prices have sunk this year. But this could change as soon as this summer, and certainly starting next year when new U.S. LNG capacity comes online. April New York Mercantile Exchange natural gas futures rolled off the board at $1.991/MMBtu last month, “but it’s not clear if…

Natural gas futures flipped lower Thursday, snapping a modest two-day winning streak after the latest government inventory data confirmed robust supplies heading into the shoulder season and forecasts pointed to benign weather through most of April. Cash prices slid in tandem. The May Nymex gas futures contract shed 14.4 cents day/day and settled at $2.011/MMBtu.…