LNG

Natural gas futures soared for a second consecutive day on Thursday after a light storage build provided a positive surprise and liquified natural gas (LNG) levels further recovered from interruptions imposed by a furious storm season in the Gulf of Mexico (GOM). The October Nymex contract jumped 12.3 cents day/day and settled at $2.248/MMBtu. A…

After sliding for much of the month, natural gas forwards rocketed higher during the Sept. 17-23 period as export demand steadily increased and on cooler changes to the long-range forecast. October prices jumped an average 17.0 cents during that time, while November launched 23.0 cents higher on average, according to NGI’s Forward Look. Strong, double-digit…

The U.S. Energy Information Administration (EIA) on Thursday reported an injection of 66 Bcf into storage for the week ending Sept. 18, comfortably below the low end of analyst estimates and reinforcing a morning rally for Nymex natural gas futures. Ahead of the EIA report, the October contract was up 8.7 cents at $2.212/MMBtu. The…

Macroeconomic and political uncertainty could stymie development of Argentina’s vast Vaca Muerta shale play in western Argentina, leading to a greater need for natural gas imports. “There is a lot of uncertainty because of the exchange rate, macroeconomic conditions, and fracking activity which is almost halted, not only due to the pandemic effect but because…

Natural gas futures on Wednesday rebounded in force after a steep slump earlier in the week, bolstered by signs of a liquefied natural gas (LNG) recovery, forecasts of greater weather-driven demand and new storage estimates that indicated containment worries may have been overblown. The October Nymex contract popped 29.1 cents day/day and settled at $2.125/MMBtu.…

Natural gas futures on Tuesday effectively punctuated the steep losses posted a day earlier, as markets absorbed news of lower liquefied natural gas (LNG) levels and expected demand impacts from Tropical Storm Beta, the latest severe weather development to menace the Gulf of Mexico (GOM). The October Nymex contract fell a tenth of cent day/day…

Global gas fundamentals are expected to tighten considerably this winter and over the long term, but U.S. liquefied natural gas (LNG) could face another painful summer in which cargo cancellations mount as early as May. In a research note released Monday, Raymond James & Associates Inc. analysts said the continued ramp-up of the Chinese economy,…

Click here to listen to the latest episode of NGI’s Hub & Flow podcast.  Senior Editor Jamison Cocklin, who oversees LNG Insight, is joined by NGI’s Patrick Rau, director of strategy and research, to give an overview of the commercial structures of U.S. export terminals, how the super-chilled fuel is priced and the advantages of…

Positive finish Friday ensured that futures did not close below $2 LNG feed gas topped 7.70 Bcf Spot gas prices slid as weather demand abated Natural gas futures dropped further early Friday, extending the steep losses posted a day earlier following a robust storage injection that amplified already simmering worries about fall containment. The October…