Mmbtu

Natural gas will trade in a moderate range of US$6.00-9.00/MMBtu this winter, Canada’s National Energy Board (NEB) predicts in an annual heating season forecast.

Natural gas will trade in a moderate range of US$6.00-9.00/MMBtu this winter, Canada’s National Energy Board (NEB) predicts in an annual heating season forecast.

After breaking above the $13/MMBtu price level on Tuesday, July natural gas futures continued to explore the upside throughout Wednesday. The prompt-month contract climbed an astounding 25.8 cents to finish Wednesday’s regular session at $13.210, backed by low storage injection expectations for the week ended June 13, a $2.67/bbl bump in July crude futures due to Nigerian strike fears and a “couple of distinct waves” traveling in the tropical Atlantic and the Caribbean.

Prices skyrocketed to as high as $19.50/MMBtu Wednesday in the Northeast as low temperatures ranging from single digits to the 20s were forecast to keep the region chilled out Thursday. But with warming trends due in the South and Midwest while the West essentially maintains its status quo of seasonably cold to mild conditions, the market outside the Northeast saw mixed price movement that was mostly close to flat and biased toward the downside.

The backer of a liquefied natural gas (LNG) receiving terminal on Oregon’s Columbia River said it will cost $4/MMBtu to land LNG on the West Coast. The gas supply will be more than welcomed by the market, according to speakers at a recent industry conference.

The backer of a liquefied natural gas (LNG) receiving terminal on Oregon’s Columbia River said it will cost $4/MMBtu to land LNG on the West Coast. The gas supply will be more than welcomed by the market, according to speakers at an industry conference.

It’s not exactly free, but at 7 cents/MMBtu, the new all-time low cash quote reported Tuesday to NGI’s price survey for Rockies gas into Kern River, it’s very close to giving it away. Close behind was another record-breaking 8-cent quote for Cheyenne Hub. This follows on a 15-cent package that was sold on CIG as recently as last week (see Daily GPI, Sept. 5), which tied NGI’s all-time low cash quote established by both Kern River and Opal in April 2002 (the record also was tied in June of this year).

Natural gas prices need to be “at least” $9/MMBtu to maintain current North American supply available to the United States, an energy analyst suggested last week.

Natural gas prices need to be “at least” $9/MMBtu to maintain current North American supply available to the United States, an energy analyst suggested Monday.