natural gas shortage

Additional LNG, Natural Gas Storage Facilities Needed to Reduce German Supply Risk, INES Says

Additional LNG, Natural Gas Storage Facilities Needed to Reduce German Supply Risk, INES Says

Germany, Europe’s largest natural gas user, will continue to be at risk of supply shortfalls for the next four years until additional gas storage capacity and LNG terminals can be placed online, according to the country’s gas storage system operator. System operator Initiative Energien Speichern eV’s (INES) forecasters plotted outcomes for “normal, warm and cold…

August 23, 2023
Natural Gas Futures Close to Unchanged Early; ‘Bullish Setup’ as Massive Draw Expected

Natural Gas Futures Close to Unchanged Early; ‘Bullish Setup’ as Massive Draw Expected

As traders and analysts contemplated the supply/demand balance implications of unprecedented disruptions in the natural gas system over the past week, futures prices hovered close to even in early trading Friday. The March Nymex contract was up 0.6 cents to $3.088/MMBtu at around 8:45 a.m. ET. Milder temperatures over the weekend and moderating prices in…

February 19, 2021
Natural Gas Futures Called Higher as Analysts See ‘Conflicting Forces’ Amid Unprecedented Conditions

Natural Gas Futures Called Higher as Analysts See ‘Conflicting Forces’ Amid Unprecedented Conditions

While energy markets were still reeling from the unprecedented conditions driving physical natural gas prices into the hundreds of dollars per MMBtu at hubs all over the country, futures price action appeared markedly more calm early Wednesday.  After locking in a 21.7-cent gain in the previous settle, the March Nymex contract was trading 3.0 cents…

February 17, 2021