LNG

While volatile in 2020, natural gas prices are poised to settle into a price range of $2.00-3.00/MMBtu and hold there into 2021, Moody’s Investor Service said in a new forecast. The credit ratings analyst said shut-in oil wells and scaled back associated natural gas volumes amid fallout from the coronavirus pandemic would keep prices higher…

A federal court on Thursday paused a rescission by the U.S. Environmental Protection Agency (EPA) of Obama-era regulations to curb methane emissions from the oil and gas industry. Swift legal action against the sweeping rule change had been promised by environmental advocates, and judicial intervention had been widely anticipated by experts. The U.S. Court of…

The prompt month dropped more than 20 cents on the day The latest EIA storage report showed a robust injection ‘Nobody should be surprised the natural gas bubble has burst’ Natural Gas Futures Plummet as Imbalance Worries Intensify Natural gas futures plunged Thursday amid intensifying imbalance concerns and escalating worries about looming storage surpluses as…

Brazil is set to be the center of new liquefied natural gas (LNG) demand activity in Latin America at least over the next decade, according to experts who spoke at a webinar Tuesday organized by the Institute of the Americas. “Gas remains the transition fuel in Brazil because it allows for the highest possible penetration…

The U.S. Energy Information Administration (EIA) on Thursday reported an injection of 89 Bcf into natural gas storage for the week ending Sept. 11. The result exceeded the high end of analyst expectations and pointed to substantial near-term imbalance of supply and demand. Futures plummeted in morning trading. Ahead of the EIA report, the October…

U.S. liquefied natural gas volumes held above 7 Bcf Production was down with analysts pointing to precautionary shut-ins as Hurricane Sally approached Spot gas prices moved lower along with milder temperatures Natural gas futures posted a second consecutive day of gains Tuesday as liquefied natural gas (LNG) levels remained strong and production was curtailed as…

With a major hurricane making landfall early Wednesday over the Gulf Coast, natural gas futures were down a few cents in early trading as plump storage inventories continued to weigh on prices near the front of the curve. The October Nymex contract was off 2.7 cents to $2.335/MMBtu at around 8:50 a.m. ET. Hurricane Sally…

Natural gas futures posted a second consecutive day of gains Tuesday as liquefied natural gas (LNG) levels remained strong and production was curtailed as slow-moving Hurricane Sally was expected to impose torrential rains and flooding. The October Nymex contract settled at $2.362/MMBtu, up 5.2 cents day/day. November rose one-tenth of a cent to $2.741. Spot…

U.S. liquefied natural gas demand strengthened Hurricane Sally barreled to the Gulf of Mexico, compelling production shut-ins Cash prices climbed as temperatures sizzled in the West Natural gas futures advanced on Monday as U.S. liquefied natural gas (LNG) demand strengthened and Hurricane Sally barreled to the Gulf of Mexico (GOM), compelling production shut-ins. The October…