natural gas exports

Natural gas futures advanced most of Friday, spurred higher by supply interruptions and the potential for a sustained production pullback. But the prompt month gave up gains late and finished flat as traders paused to digest the latest rig count data.    At A Glance: Storage miss motivates bulls Production remains wildcard Weather demand on hiatus…

A federal appeals court has upheld FERC’s approval of the Alaska LNG project, denying a new challenge from environmental groups that sought to halt the 2.6 Bcf/d facility’s advance. On Tuesday, the U.S. Court of Appeals for the District of Columbia Circuit (DC Circuit) “denied in part and dismissed in part” an appeal from the…

U.S. LNG exports continued to grow at a faster pace than pipeline deliveries into the country from Canada, which once dominated cross-border traffic in North America.  Liquefied natural gas shipments rose 8.5% to 10.6 Bcf/d last year, up from 9.7 Bcf/d in 2021, according to the U.S. Department of Energy.  The top four LNG destinations…

As New Fortress Energy Inc. targets deploying its first Fast LNG unit in the waters offshore Mexico’s eastern coast by June, it’s unveiled new plans to move the successive phases of Altamira LNG to land. For the past several years, the liquefied natural gas vessel firm has been working to become a fuel supplier through…

Natural gas futures found their footing on Friday, ending a four-day losing streak that was fueled by a litany of bearish fundamentals. The June Nymex gas futures contract gained 3.6 cents day/day and settled at $2.137/MMBtu. July rose 2.4 cents to $2.321. At A Glance: Technical resistance enters mix Supply/demand favors bears Stout storage surplus…

Natural gas futures ended the week on solid footing after notching two straight days in the green. Though the near-term outlook remains bearish, traders covered short positions ahead of the weekend. A fire on a small portion of a natural gas pipeline also fueled some of the early momentum for the June Nymex gas futures…

With late spring cold waning, but convincing signs of early summer heat absent from the latest forecasts, regional natural gas forwards lost ground during the April 20-26 trading week, NGI’s Forward Look data show. Henry Hub fixed prices for June delivery gave up 9.0 cents for the period to finish at $2.132/MMBtu. Fixed price discounts…

May natural gas futures stumbled into expiration Wednesday as production held strong, mostly benign weather prevailed in forecasts, and analysts looked for an injection that would sustain storage surpluses. At A Glance: BREAKING: U.S. EIA reports 79 Bcf injection into storage Production holds strong into spring Demand mixed by region The May contract fell 19.0…

North American natural gas futures limped along this week as shoulder season settles in and demand fails to meet ample supply. On Thursday, the May New York Mercantile (Nymex) gas futures contract settled 8.6 cents lower at $2.007/MMBtu. June futures slid 7.0 cents to $2.197. Longer term, the natural gas market in Mexico and the…