LNG

The fundamentals were in place for natural gas futures to continue climbing on Tuesday, but the threat of a hurricane striking the Gulf Coast (again) later this week sent prices down several notches. The November Nymex gas futures contract settled at $2.520, off 9.5 cents from Monday’s close. December fell 6.5 cents to $3.096. Spot…

Driven by demand from the electric power sector, the United States set new records in natural gas production, consumption and gross exports in 2019, the U.S. Energy Information Administration (EIA) reported Monday. In its Natural Gas Annual report, EIA said 2019 gas consumption increased 3%, led by a 7% increase in power sector demand that…

The United States forged new formal ties with Israel and the United Arab Emirates (UAE), agreeing to collaborate and leverage shared research and technology to develop oil and gas as well as renewable energy sources, the countries’ top energy officials said. The deal followed Israel’s agreements in recent weeks to normalize relations with the UAE,…

Estimates showing strengthening liquefied natural gas (LNG) demand boosted gas futures in early trading Monday, while yet another named storm could threaten production and exports later this week. The November Nymex contract was up 8.8 cents to $2.526/MMBtu at around 8:45 a.m. ET. Data as of early Monday showed feed gas flows to U.S. LNG…

After a brief move into positive territory on Friday, the weight of bloated natural gas storage inventories and the seasonal lull in demand ahead of winter proved too much for Nymex futures to overcome. The November contract capped off another volatile week firmly in the red, closing at $2.438, down 8.9 cents. December fell 7.1…

November Nymex natural gas futures swung in a 15-cent range Thursday before ultimately finishing the day exactly where they started. After government data showed an on-target storage report, the prompt month went on to settle Thursday flat at $2.527. December, however, fell 5.5 cents to $3.062. The stability at the front of the Nymex curve…

The Energy Information Administration (EIA) reported a 76 Bcf injection into natural gas storage inventories for the week ending Sept. 25, a figure that offered no surprises to the market but initially knocked prices down a couple of notches. The November Nymex gas futures contract was trading about 5.5 cents lower in the minutes leading…

Coming off a stretch of day/day declines going back to last week, natural gas futures recouped some of their recent losses in early trading Thursday as traders awaited the latest round of government inventory data. The November Nymex contract was up 1.8 cents to $2.545/MMBtu at around 8:45 a.m. ET. Estimates this week have the…

Australian Prime Minister (PM) Scott Morrison wants to create a transparent domestic natural gas hub along the east coast similar to Henry Hub in order to lower gas prices in the region and spur an economic recovery from the Covid-19 pandemic. The idea was among a number of measures that Morrison proposed earlier this month…