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Natural Gas Slips, Still Maintains $3 Handle as EIA Storage Print Reflects Tightening Balances

Natural Gas Slips, Still Maintains $3 Handle as EIA Storage Print Reflects Tightening Balances

After gaining 25 cents in the past three sessions, natural gas futures took a breather Thursday. The November Nymex gas futures contract settled at $3.007, down 1.6 cents day/day. December, however, fell a sharper 7.6 cents to $3.272, and similar declines were seen through the remaining winter contracts. Spot gas prices were mostly higher, but…

October 22, 2020
Natural Gas Clears $3.00 on Hiking LNG Demand, Shrinking Storage Surplus

Natural Gas Clears $3.00 on Hiking LNG Demand, Shrinking Storage Surplus

BREAKING: U.S. EIA reports a 49 Bcf injection into natural gas storage inventories for the week ending Oct. 16, confirming an increasingly tight supply/demand natural gas balance November natural gas climbs 11 cents as LNG demand surpasses 8 Bcf Natural gas traders may have had the theme of 1980s sitcom “Three’s Company” playing in their…

October 22, 2020
Natural Gas Futures Eke Out Small Gain, but Demand Outlook Still Clouded

Natural Gas Futures Eke Out Small Gain, but Demand Outlook Still Clouded

Oil rig, barge blocking key Gulf Coast waterways, preventing normal LNG traffic Weather models starting to trend colder, but lack consistency Cash rises sharply on strong power burns, pipeline work Natural gas futures started off the week lower amid further uncertainty surrounding the pace of liquefied natural gas (LNG) export recovery. A “complicated” weather outlook…

October 20, 2020
Latin America Sees Sharpest Decline in LNG Imports Amid Pandemic, Data Show

Latin America Sees Sharpest Decline in LNG Imports Amid Pandemic, Data Show

Imports of liquefied natural gas (LNG) to Latin America fell by 4.2 million tons (Mt), or 32%, during January-September versus the same period in 2019 as the coronavirus ravaged the region’s economies, according to new analysis by data intelligence firm Kpler. Latin America has seen a particularly sharp decline this year compared to other LNG-importing…

October 19, 2020
LNG Traffic Blocked from Two Gulf Coast Waterways After Oil Rig Sinks Near Sabine Pass

LNG Traffic Blocked from Two Gulf Coast Waterways After Oil Rig Sinks Near Sabine Pass

Liquefied natural gas (LNG) vessels and other deep draft traffic are currently blocked from entering two major Gulf Coast waterways after an oil rig sank Saturday in the Sabine Bank Channel and a barge remains submerged in the Calcasieu Ship Channel. The U.S. Coast Guard (USCG) said the large semi-submersible “Jasminia” rig drifted into the…

October 19, 2020
Natural Gas Futures Stabilize as Traders Await More Clarity on Weather, LNG Demand

Natural Gas Futures Stabilize as Traders Await More Clarity on Weather, LNG Demand

Natural gas futures steady as full LNG demand recovery still unclear Weather outlook turns chillier Cash weak on lackluster demand outside eastern U.S. Natural gas futures struggled to maintain momentum early Friday as traders tried to determine whether liquefied natural gas (LNG) and weather demand would be enough to ward off a toppling of storage…

October 19, 2020
Column: Mexico’s Stuttering Steps Toward Forming an LNG Export Hub on the Pacific Coast

Column: Mexico’s Stuttering Steps Toward Forming an LNG Export Hub on the Pacific Coast

Editor’s Note: NGI’s Mexico Gas Price Index, a leader tracking Mexico natural gas market reform, is offering the following column by Eduardo Prud’homme as part of a regular series on understanding this process. Prud’homme was central to the development of Cenagas, the nation’s natural gas pipeline operator, an entity formed in 2015 as part of…

October 16, 2020
Natural Gas Futures Rebound on Tight EIA Data, LNG Optimism

Natural Gas Futures Rebound on Tight EIA Data, LNG Optimism

Natural gas futures quickly bounced back from the prior day’s nosedive as traders were hopeful Gulf Coast exports would soon resume full operations after a barge sunk near a key export terminal. Buoyed further by the latest government storage data, the November futures contract jumped 13.9 cents to $2.775/MMBtu. December climbed 7.2 cents to $3.261.…

October 15, 2020
Mexico Said ‘Tremendous’ Growth Opportunity for Small-Scale LNG Market

Mexico Said ‘Tremendous’ Growth Opportunity for Small-Scale LNG Market

Stabilis Energy LLC sees Mexico’s small-scale liquefied natural gas (LNG) market growing in “double digits” in the coming years, CEO Jim Reddinger said Wednesday. The opportunities were discussed during a webinar organized by LDC Gas Forums. Although pipeline buildout in Mexico and across the U.S. border has been swift since 2014, “a lot of the…

October 15, 2020
Deep Plunge for November Natural Gas After Barge Incident Casts Doubt on LNG Recovery

Deep Plunge for November Natural Gas After Barge Incident Casts Doubt on LNG Recovery

BREAKING: The U.S. EIA reported a surprising low-side 46 Bcf injection into natural gas storage inventories for the week ending Oct. 9 Barge one of three obstructions blocking deep draft traffic in Calcasieu Ship Channel LNG recovery uncertainty, warmer weather drive massive loss for November natural gas Natural gas futures tanked Wednesday as news of…

October 15, 2020