natural gas exports

Natural gas futures fell for the third time this week after the latest government inventory data showed the biggest boost to underground storage this year, reflecting waning demand and robust production. The October Nymex gas futures contract dropped 69.0 cents day/day and settled at $7.089/MMBtu. November fell 63.4 cents to $7.193. NGI’s Spot Gas National…

The U.S. Department of Energy has authorized small-scale LNG provider Stabilis Solutions Inc. to export the super-chilled fuel across the world.  Stabilis has been cleared to export 51.75 Bcf of liquefied natural gas annually, or 140 MMcf/d, for a term of 28 years until Dec. 31, 2050.  “The DOE’s approval provides us with the ability…

Natural gas futures gave up more ground Tuesday despite a bout of near-term heat and a drop in production, extending to four days a string of consecutive losses. The October Nymex gas futures contract shed 3.5 cents day/day and settled at $7.717/MMBtu. November fell 3.2 cents to $7.772. NGI’s Spot Gas National Avg. on Tuesday…

Coming off a 56.0-cent sell-off to close out last week’s trading, natural gas futures on Monday shrugged off recent bearish developments and reversed course, trading in positive territory most of the day. Still, futures lost momentum late, despite seasonally stout cooling demand forecast for this week, and the October Nymex gas futures contract settled at…

Natural gas futures floundered a second consecutive day on Friday as markets continued to digest a bearish storage report, looming fall weather and an averted railroad strike that could have snarled supply chains and wreaked havoc across the U.S. economy. The October Nymex natural gas futures contract settled at $7.764/MMBtu, down 56.0 cents day/day. A…

The October Nymex natural gas futures contract spiked 83.0 cents day/day on Wednesday to surge above $9.00/MMBtu. It then plummeted back to earth on Thursday as rumors of a potential railway workers strike faded in the United States. The news “that a strike has likely been averted triggered the start of selling early this morning,…

As individual natural gas markets around the world become more integrated, thanks to the rise of LNG exports, U.S. natural gas price data have become an important tool in determining which way the trade winds are blowing. As a result, NGI has begun publishing its two key Henry Hub natural gas spot market prices on…

An opening regulatory move has been made toward building a Canadian LNG export terminal on the east coast by the New Brunswick arm of Spain’s Repsol SA, but natural gas deliveries are years away. The plan by Saint John LNG Development Co. (SJLNG) aims for initial exports of 300 MMcf/d, or only 40% of the…

Natural gas futures on Tuesday forged ahead a fourth-consecutive session as near-term weather conditions took a bullish turn and domestic production declined amid maintenance events. Festering fears about European supply woes added upward price pressure. Coming off a 25.3-cent rally on Monday – and gains over the two prior sessions last week — the October…