LNG

Indications of a drop in liquefied natural gas (LNG) export demand had natural gas futures trading sharply lower early Wednesday. The August Nymex contract was down 8.9 cents to $1.662/MMBtu at around 8:40 a.m. ET. Estimates from Genscape Inc. showed U.S. LNG feed gas demand down to 3.1 Bcf/d early Wednesday, a 1.1 Bcf/d day/day…

New outlook for more extreme heat fueled optimism about seasonally stronger energy demand Monday’s gain marked a stark contrast from the prior week, when the July contract plummeted to a 25-year low before moving off the board  Spot prices surged Monday Natural gas futures posted a strong double-digit advance Monday, lifted by updated outlooks for…

Natural gas futures posted a strong double-digit advance Monday, lifted by updated outlooks for more extreme July heat that could drive seasonally stronger energy demand. The August Nymex contract surged 16.5 cents day/day and settled at $1.709/MMBtu. It marked a stark contrast from the prior week, when the July contract plummeted to a 25-year low…

Natural gas futures fought off a fifth-consecutive decline amid forecasts for above-normal temperatures A day earlier, futures dropped to a 25-year low after a massive storage build spooked markets  Spot prices lost ground amid lingering concerns about oversupply Natural gas futures traded in the red much of Friday but staved off a fifth-consecutive decline, recovering…

Natural Gas futures sunk to a low last seen in 1995 Storage injection easily surpassed analysts’ expectations and magnified supply/demand imbalance worries Summer heat has intensified in June, but the outlook is mixed Natural gas futures plunged Thursday after a hefty storage injection that easily surpassed the high end of analysts’ expectations and magnified supply/demand…

Extending the previous session’s losses, natural gas futures were down several cents in early trading Thursday as the market prepared for the release of government storage data expected to show a plump triple-digit injection. The July Nymex contract was down 4.1 cents to $1.556/MMBtu at around 8:45 a.m. ET. Estimates have the U.S. Energy Information…

A midday weather outlook disappointed, with reduced cooling degree days News of significant LNG cargo cancellations also dragged on prices Bolstered by current heat waves, spot prices soared An early rally Monday on expectations for increasing heat across much of the Lower 48, including temperatures in excess of 100 over swaths of the West Coast,…

After surviving protests and the Covid-19 pandemic, Coastal GasLink (CGL) plans to start  laying pipe for the only liquefied natural gas (LNG) export project underway on the northern Pacific coast of British Columbia (BC). CGL said construction employment would roughly triple to peak at more than 2,500 in September as work accelerates along the 416-mile…

Natural gas flowing from the Western Canada Sedimentary Basin to the western United States languished in April and May as higher prices north of the border kept supplies in the country, according to the U.S. Energy Information Administration (EIA). The EIA said that Canadian imports through western pipelines fell to an estimated average of 6.2…