natural gas exports

Cross-border natural gas prices jumped in 2021 but stopped short of regaining peak annual averages reached in 2005 and 2008, according to the latest annual international trade scorecard compiled by the United States Department of Energy. Canadian exports to the United States fetched a price of $3.64/MMBtu in 2021, up 87% year/year. U.S. sales to…

Natural gas futures soared Tuesday, extending to three days a heated rally and pushing the prompt month above the $8.00/MMBtu threshold in intraday action. Traders assessed warmer weather patterns, the potential for robust summer cooling demand and vulnerable storage levels.  The June Nymex gas futures contract ultimately closed at $7.954, ahead 47.9 cents day/day. The…

With production light and demand steady, natural gas futures on Friday cruised higher for the fourth time in five sessions. The June Nymex gas futures contract settled at $7.244/MMBtu, up 35.6 cents day/day. July advanced 36.1 cents to $7.355. NGI’s Spot Gas National Avg. shed 3.0 cents to $6.525, though prices were up across the…

Natural gas futures took a step lower Thursday after three straight days of gains, with production showing signs of recovery amid ongoing maintenance. Some loosening in the latest government inventory data also influenced pricing, sending the June Nymex gas futures contract down 45.1 cents to $6.888/MMBtu. July futures shed 44.2 cents to hit $6.994. Spot…

Natural gas futures crossed $7.00/MMBtu again this week, and global supply worries gained traction when Russia said it was cutting off gas access to Poland and Bulgaria. Rystad Energy analysts said the action by Russia “should be viewed as a precedent.” Meanwhile, U.S. natural gas production also failed to find momentum, dropping to around 93…

The regulatory process for a proposed floating liquefied natural gas (FLNG) terminal by New Fortress Energy Inc. (NFE) offshore Louisiana has begun, kicking off what the company intends to be a sprint to startup. The Maritime Administration and the U.S. Coast Guard stated in the Federal Register that they found NFE’s application to license the…

The Department of Energy (DOE) on Wednesday approved an additional 500 MMcf/d of liquefied natural gas (LNG) exports from two Gulf Coast projects, one of which could be the largest addition to U.S. capacity for several years. Exports from Golden Pass, set to begin exports in 2024, is a venture by ExxonMobil and Qatar Energy…

Natural gas futures traders hit the pedal Tuesday, accelerating price gains after the latest production data showed another sharp decline in output. Contract expirations also played into intraday volatility along the Nymex curve, ultimately pushing the May contract up 18.1 cents to $6.850/MMBtu. June futures climbed 17.3 cents to $6.978. Spot gas prices also strengthened…

Natural gas futures volatility continued ahead of contract expirations this week, with the May Nymex contract up early as freeze-offs in the Rockies over the weekend dented production. The prompt month traded in a nearly 50.0-cent range before settling Monday at $6.669/MMBtu, up 13.5 cents from Friday’s close. June futures rose 14.2 cents to $6.805.…