LNG

The U.S. Energy Information Administration (EIA) reported a 43 Bcf injection into natural gas storage inventories for the week ending Aug. 14, a figure that was right in line with market expectations. Natural gas futures, which were trading slightly lower ahead of the report, remained in the red after the data was released. At about…

The besieged Jordan Cove liquefied natural gas (LNG) export terminal proposed for Coos Bay, OR, faces yet another stumbling block. The Oregon supervisor of the U.S. Fish and Wildlife Service, Paul Henson, wrote in a letter to FERC Tuesday that Jordan Cove needed additional information for a pipeline connector, the 15.2-mile-long Blue Ridge Variation. The…

Winter premium in play as natural gas futures rally Storage containment still a risk if projected LNG demand falls short Western spot gas prices fall as heat set to ease Natural gas futures soared higher Tuesday as traders attempted to close the massive gap between the front of the curve and the winter contracts. Despite…

Natural gas futures soared higher Tuesday as traders attempted to close the massive gap between the front of the curve and the winter contracts. Despite little change in the fundamental backdrop, the September Nymex futures contract jumped 7.8 cents day/day to settle at $2.417. October climbed 8.0 cents to $2.556. Spot gas prices were mixed…

Mexico President Andrés Manuel López Obrador said during his morning press conference on Monday his government was planning to launch an infrastructure plan in the next two weeks. No details were provided, but immediately prior to the coronavirus shutdown a long-awaited public-private infrastructure plan including energy projects worth close to $100 billion was expected to…

Natural gas futures retreat as containment risk still on the table LNG demand is on the rise, but power burns are weaker California’s sizzling temperatures spark massive cash rally After another surprising rally at the end of last week, natural gas futures tapped the brakes Monday as traders appeared less confident in avoiding a storage…

After another surprising rally at the end of last week, natural gas futures tapped the brakes Monday as traders appeared less confident in avoiding a storage inventory crunch ahead of winter. The September Nymex gas futures contract hit a $2.396 intraday high before settling the day at $2.339, off 1.7 cents from Friday’s close. October…

September Nymex gas rallies 17 cents Technical trading likely in play Cash strong, especially in scorching California On what is typically a sleepy day in natural gas trading, Friday proved anything but as the front of the futures curve skyrocketed. Once the smoke had cleared, the September contract had surged 17.4 cents higher to $2.356,…

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…