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December Natural Gas Futures Creep Higher on Modest Heating Demand Improvement

December Natural Gas Futures Creep Higher on Modest Heating Demand Improvement

BREAKING: U.S. EIA reports injection of 31 Bcf into natural gas storage for the week ending Nov. 13 Liquefied natural gas volumes held strong Production continued to climb, pressuring spot prices December Natural gas futures edged up on Wednesday, led higher by steadily solid liquefied natural gas (LNG) volumes and weather forecasts that shifted cooler.…

November 19, 2020
December Natural Gas Futures Flat as LNG Strengthens but Weather Demand Eases

December Natural Gas Futures Flat as LNG Strengthens but Weather Demand Eases

  Markets considered modest domestic demand and rising production Liquefied natural gas volumes hovered near record levels Spot prices declined amid mild fall temperatures Natural gas futures on Tuesday traded sideways as markets weighed modest weather-driven demand and rising production against continued strength in exports. The December Nymex contract flipped between slight gains and losses…

November 18, 2020
Momentum Eludes December Natural Gas Futures as Production Rises, Domestic Demand Tapers

Momentum Eludes December Natural Gas Futures as Production Rises, Domestic Demand Tapers

Natural gas futures on Tuesday traded sideways as markets weighed modest weather-driven demand and rising production against continued strength in exports. The December Nymex contract flipped between slight gains and losses throughout much of Tuesday’s session and ultimately settled at $2.692/MMBtu, down a half-cent day/day. January fell 2.0 cents to $2.844. A day earlier, the…

November 17, 2020
Energía Costa Azul Sanctioned, Looks to Become Mexico’s First LNG Export Project

Energía Costa Azul Sanctioned, Looks to Become Mexico’s First LNG Export Project

San Diego-based Sempra Energy has reached a final investment decision (FID) for the development, construction and operation of a natural gas liquefaction plant in Mexico’s Baja California. Energía Costa Azul (ECA) is a liquefied natural gas (LNG) joint venture between subsidiaries Sempra LNG and Infraestructura Energética Nova (IEnova). It is the first LNG export project…

November 17, 2020
Market Slow to Embrace CME’s U.S. LNG Futures Contract One Year After Launch

Market Slow to Embrace CME’s U.S. LNG Futures Contract One Year After Launch

Roughly a year after CME Group launched its U.S. liquefied natural gas (LNG) futures contract, the first ever available in the world for physical LNG delivery, it has yet to trade as the spot market continues to evolve and global players have long been slow to adopt new financial tools in their deals.  Developing a…

November 17, 2020
Politics Obstructing Cohesive Natural Gas Strategy in Mexico, Experts Say

Politics Obstructing Cohesive Natural Gas Strategy in Mexico, Experts Say

Politics are preventing Mexico from taking full advantage of natural gas as a means to develop its economy, according to local experts. Pipeline imports of the molecule from the United States have risen steadily as new pipelines commissioned by state power company Comisión Federal de Electricidad (CFE) have entered service and Mexican gas production has…

November 16, 2020
Natural Gas Tumbles on Bearish Forecasts as ‘Old Man Winter Remains Tardy’

Natural Gas Tumbles on Bearish Forecasts as ‘Old Man Winter Remains Tardy’

Natural gas futures traded sharply lower early Monday as the latest forecasts lowered weather-driven demand expectations and signaled that mild weather could stretch into early December. The December Nymex contract was off 15.1 cents to $2.844/MMBtu at around 8:40 a.m. ET. Weather data was “decidedly” bearish trending over the weekend, with forecast demand dropping compared…

November 16, 2020
December Natural Gas Futures Lose Ground Amid Demand Uncertainty

December Natural Gas Futures Lose Ground Amid Demand Uncertainty

Cold air boosted near-term demand, but outlook cloudy LNG feed gas volumes continued to improve Spot prices advances a fourth straight day Natural gas futures traded in a narrow range of gains and losses throughout most of Thursday’s session, as traders awaited more clarity on weather and storage levels. The December Nymex contract ultimately dipped…

November 13, 2020
December Natural Gas Futures Tread Lightly Ahead of Storage Report; Spot Prices Climb

December Natural Gas Futures Tread Lightly Ahead of Storage Report; Spot Prices Climb

Natural gas futures traded in a narrow range of gains and losses throughout most of Thursday’s session, as traders awaited more clarity on weather and storage levels. The December Nymex contract ultimately dipped lower late in the session and shed 5.5 cents day/day to settle at $2.976/MMBtu on Thursday. January fell 5.7 cents to $3.094.…

November 12, 2020
Heightened Seasonality, Volatility Possible as U.S. Natural Gas Goes Global

Heightened Seasonality, Volatility Possible as U.S. Natural Gas Goes Global

After a years-long period of relatively low volatility, Henry Hub natural gas prices are expected to see more “peaks and valleys” ahead on growing export demand and a lack of infrastructure development, according to RBN Energy LLC President David Braziel. On Monday, the first day of the 2020 LDC Natural Gas Forum in San Antonio,…

November 10, 2020