natural gas data

Jalisco Company Serving up Natural Gas to Tequila Industry With New Pipeline

Jalisco Company Serving up Natural Gas to Tequila Industry With New Pipeline

The Tequila Valley Pipeline is soon to begin operations, allowing natural gas to reach tequila producers in Mexico’s Jalisco state, Rolando Martinez D’Meza Violante, Business Development Manager in Corporación CH4, told NGI’s Mexico GPI. “The fact that we were able to construct a natural gas pipeline is going to allow us to enter the big…

March 8, 2024
Mild March Weather Reigns as Natural Gas Futures Slightly Lower — MidDay Market Snapshot

Mild March Weather Reigns as Natural Gas Futures Slightly Lower — MidDay Market Snapshot

Natural gas futures slightly lower through midday trading as underwhelming weather limiting upside April Nymex contract down 1.1 cents to $1.807/MMBtu as of 2:30 p.m. ET; May off 2.7 cents to $1.925 U.S. down four natural gas rigs, including three in Haynesville Shale, per latest Baker Hughes Co. count Production totaling 101.5 Bcf/d for Friday,…

March 8, 2024
April Natural Gas Futures Stumble for Second Day as EIA Print Fails to Impress

April Natural Gas Futures Stumble for Second Day as EIA Print Fails to Impress

Natural gas futures traded lower Thursday after a meager storage result confirmed seasonally weak demand but no upside surprises for recent production cuts. The April Nymex gas futures contract settled at $1.818/MMBtu, down 11.1 cents day/day. NGI’s Spot Gas National Avg. fell 10.0 cents to $1.470 as prices fell across most regions. The warmest U.S.…

March 8, 2024
Mexico Natural Gas Market Undergoing Restructure Amid Sub-$2 Prices – Spotlight

Mexico Natural Gas Market Undergoing Restructure Amid Sub-$2 Prices – Spotlight

North American natural gas prices got a bump earlier in the week when top U.S. producer EQT Corp. announced it was curtailing output, but the rally was short-lived. On Thursday, the New York Mercantile Exchange contract for April settled at $1.818/MMBtu, down 11.1 cents day/day. Mexico pipeline imports of natural gas for the 10-day period…

March 7, 2024
LNG Hopes Briefly Bump Natural Gas Futures Above $2 as Spot Prices Stay Flat

LNG Hopes Briefly Bump Natural Gas Futures Above $2 as Spot Prices Stay Flat

Natural gas futures spiked briefly above the $2.000/MMBtu level Tuesday after the Golden Pass Pipeline updated federal regulators on its progress, sending a signal that the export terminal is advancing. At A Glance: Nymex front month hits $2.009/MMBtu West Texas averages flip negative Mexico exports at around 6.3 Bcf/d That initial reaction was pared back,…

March 6, 2024
EQT’s Output Cuts Send Natural Gas Futures Up Toward $2 as Cash Lags Behind

EQT’s Output Cuts Send Natural Gas Futures Up Toward $2 as Cash Lags Behind

Natural gas futures rallied on Monday after the largest U.S. natural gas producer announced it would cut 1 Bcf/d of output through the end of March, chopping into a supply glut caused by one of the mildest winters on record. At A Glance: EQT cuts March output by 1 Bcf/d Forecast one of warmest in…

March 5, 2024
Weekly Natural Gas Cash Prices Fail to Follow Futures Higher As Winter Fades

Weekly Natural Gas Cash Prices Fail to Follow Futures Higher As Winter Fades

Weekly natural gas cash prices sank to their lowest levels of the year as weakening weather-driven demand outweighed supportive trends in production and LNG exports. NGI’s Weekly Spot Gas National Avg. for the February 29 to March 1 trading period for March gas delivery fell 11.0 cents/MMBtu to $1.440. Leading regional declines were the Northeast…

March 1, 2024
Natural Gas Futures Weighed Down By Balmy March Forecasts; Cash Trends Lower

Natural Gas Futures Weighed Down By Balmy March Forecasts; Cash Trends Lower

Natural gas futures fell for a second day Friday as winter’s apparent absence in early March forecasts was poised to add further to the country’s mounting inventory surplus.  At A Glance: Output slips to 101 Bcf/d March forecasts stay warm Mild weather into weekend The April Nymex gas futures contract settled at $1.835/MMBtu, down 2.5…

March 1, 2024
Meek March Weather Weighing Down Natural Gas Futures — MidDay Market Snapshot

Meek March Weather Weighing Down Natural Gas Futures — MidDay Market Snapshot

Natural gas futures drifting lower to close out work week as March set to deliver more blowtorch temps April Nymex futures off 1.4 cents to $1.846/MMBtu as of 2:10 p.m. ET First 15 days of March on track to be fourth warmest for the period on record, according to Maxar meteorologist Brad Harvey “Daily record…

March 1, 2024
Dip in Output Promotes Some Strengthening Along 2024 Natural Gas Forward Curves

Dip in Output Promotes Some Strengthening Along 2024 Natural Gas Forward Curves

Regional natural gas forward curves offered hints of a market climbing out of the doldrums for the upcoming injection season, even as many hubs held flattish week/week for April delivery, NGI’s Forward Look data show. Fixed prices at Henry Hub for April delivery added 2.2 cents for the Feb. 22-28 trading period to reach $1.897/MMBtu,…

March 1, 2024