The developers of second wave liquefied natural gas (LNG) export facilities are closely watching the battle to stop fossil fuel infrastructure in the United States, which could upend some of their projects if more pipelines are delayed or canceled. “Additional pipeline capacity is and remains an issue that the LNG industry is especially concerned about…
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Natural Gas Futures Higher Even After Bearish Storage Stat
Natural gas futures eke out small gain after EIA prints larger-than-expected build Containment still a risk with two-plus months in the injection season Cash rallies in California, producing regions amid scorching summer heat The U.S. government’s latest storage data failed to inspire a large deviation of the previous day’s trading range, leaving September Nymex natural…
Natural Gas Futures Churn Out Small Gain After ‘Neutral’ EIA Storage Report
The U.S. government’s latest storage data failed to inspire a large deviation of the previous day’s trading range, leaving September Nymex natural gas futures only 3.0 cents higher day/day at $2.182. October climbed 2.7 cents to $2.324. Spot gas prices were mostly higher except on the East Coast, resulting in a 7.5-cent increase for NGI’s…
Natural Gas Futures See Uptick as Production Slides, LNG Demand Stays Strong
Natural gas futures recover slightly as production slips 2 Bcf/d from Monday LNG demand holding above 4.5 Bcf/d as arbitrage has improved Cash continues to climb as heat seen continuing another day Natural gas futures rebounded a bit Tuesday as production declined and liquefied natural gas (LNG) demand held firmly above the 4.5 Bcf/d mark.…
Facing Unprecedented Economic Contraction, Mexico’s Government Urged to Change Course on Energy Policy
Mexican business chamber Confederación Patronal de la República (Coparmex) has issued a statement warning that Mexican energy policy as outlined in a memorandum from President Andrés Manuel López Obrador to energy sector regulators is damaging to investor confidence at a time when the country desperately needs to jumpstart economic activity. Mexico’s gross domestic product (GDP)…
Large Pullback for Natural Gas Futures as Weather Outlooks Back Off Heat; Cash Rallies
Weather models trend cooler over into Monday, keep heat out West LNG demand gaining momentum, but production also higher Cash prices soar as hotter weather moves back into key demand regions Natural gas futures retreated Monday in a move that was not completely unexpected given the quick pace at which prices rallied last week. With…
Natural Gas Futures Close Out Strong Week with 7-Cent Gain
Natural gas futures recover losses as forecasts trend hotter Another pullback not out of the question as export demand still unclear Cash slides further amid light weekend demand With former Hurricane Isaias in the rearview mirror and hot weather back in the near-term and long-range forecasts, natural gas futures quickly recouped Thursday’s losses, and then…
Natural Gas Futures Slip as EIA Storage Data Reflects ‘Woefully Oversupplied’ Market
Natural gas futures buckled under pressure Thursday after a slightly larger-than-expected storage injection sapped the momentum prices had earlier in the week. The September Nymex futures contract settled at $2.165, down 2.6 cents day/day. October also slipped 2.6 cents to $2.305. Spot gas prices softened across the board as well, dragging down NGI’s Spot Gas…
Sempra Bullish on Natural Gas Infrastructure Projects, Including Mexico LNG Export Facility
San Diego-based Sempra Energy executives remain confident that the Energía Costa Azul (ECA) liquefied natural gas (LNG) export project in Mexico’s Baja California will go ahead as planned despite the ongoing delay in receiving an export permit from the Mexican government. CEO Jeff Martin acknowledged during the second quarter call to discuss results that the…
Two-Day Surge Ends for Natural Gas Futures; Transwestern Outage Impacts Permian Cash
BREAKING: U.S. EIA reports a highball 33 Bcf injection into storage inventories for week ending July 31 Natural gas futures on steadier foot after wild two-day rally Analysts say stronger pricing may be here to stay Transwestern force majeure drags Permian cash lower After a two-day rally that added roughly 40 cents to the price…