LNG

Natural gas futures gave up more ground Thursday — a fourth consecutive daily decline — as traders focused more on weather-induced demand weakness than the first storage withdrawal of the season, a bullish print that pointed to balances tightening ahead of winter. The December Nymex contract fell 10.4 cents day/day and settled at $2.942/MMBtu. The…

Natural gas futures fell for a third consecutive day Wednesday as mild fall weather and its dampening effect on demand eclipsed robust liquefied natural gas (LNG) levels and overall tightened balances. The December Nymex contract settled at $3.046/MMBtu, down 1.3 cents day/day. January fell 1.8 cents to $3.177. Diminished near-term weather demand also dragged spot…

Total SE returned to profitability in the third quarter as the global economy recovered from lows brought on by the Covid-19 pandemic, but the company continues to face low global commodity prices and uncertainty as the year comes to a close.  The French supermajor took an $8.1 billion impairment in the second quarter when commodity…

Natural gas traders waking up with any neck pain on Friday may have a case of whiplash after Thursday’s wild ride in the futures market. The December Nymex contract, on the first day in the prompt-month position, plunged early to a $3.151 intraday low before screaming back higher to settle at $3.301, up a penny…

The U.S. Energy Information Administration (EIA) reported a much smaller-than-expected 29 Bcf injection into natural gas storage inventories for the week ending Oct. 23, quickly trimming early losses at the front of the Nymex futures curve. The reported build compares with last year’s 89 Bcf injection and the five-year average build of 67 Bcf. The…

Natural gas futures soared to a nearly two-year high for the second time this week, but the price spike had little to do with supply or demand. Instead, analysts said options trading and massive speculative positioning ahead of the November Nymex contract’s upcoming expiration factored into Tuesday’s price behavior. The prompt month went on to…

The Energía Costa Azul (ECA) natural gas export project in Mexico’s Baja California has yet to receive an export approval from the Mexican government despite a new push to support the exports but sanctioning could happen later this year, Infraestructura Energética Nova (IEnova) executives said last Thursday. The proposed two-phase liquefied natural gas (LNG) project,…

Lower natural gas production and stronger export demand may keep bulls in the driver’s seat in the weeks and months ahead, but Mother Nature refused to sit back and not have her say. A warmer turn in the latest weather forecasts pushed the November Nymex futures contract back below the coveted $3.00/MMBtu mark on Friday,…

Natural gas liquefaction technology made by Chart Industries Inc. can be modified relatively easily to also liquefy hydrogen for export, the CEO said Thursday. Ball Ground, GA-based Chart provides liquid gas technologies and equipment for the energy, water and space industries, among others. It has in the last few years become more focused on the…