natural gas

Natural gas futures reversed early gains Tuesday as weaker physical prices squashed initial optimism from another producer curtailment to send the prompt contract to its fifth straight decline.  At A Glance: CNX cuts 30 Bcf equivalent Two Freeport LNG trains offline National Avg. sinks to $1.285 The April Nymex contract settled at $1.714/MMBtu, down 4.5…

Natural gas futures fell on Monday for a fourth session as the possibility of an early season storage build later this week outweighed cooler weather trends into late March. At A Glance: NGI models 3 Bcf withdrawal National Avg. notches new 2024 low West Texas cash prices flip negative The April Nymex contract settled at…

Argentina’s 51% state-owned oil and gas company YPF SA is aiming to sanction a large-scale LNG export project by mid-2025, with the first 1-2 million metric tons/year (mmty) of liquefaction capacity online by 2027, the firm’s new management said.  “Our goal is to become a global LNG player through the massive monetization of our shale…

Natural gas futures floundered for a third day, closing down modestly Friday as mild March weather and growing storage surpluses kept bulls on the back foot. At A Glance: Nymex front-month falls for third day March forecasts point to cooldown Surpluses could grow to 650-700 Bcf The April Nymex contract settled at $1.805/MMBtu, down 1.3…

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…

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,…

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.…

Calgary-based Vermilion Energy Inc., whose North American exploration expertise extends overseas, said it is advancing key growth projects to add more “premium-priced” European natural gas to the portfolio, while divesting higher cost assets in Canada.  “With this high-graded asset base, we were able to deliver on the midpoint of our annual production guidance of 84,000…

Negotiations between Russia and China over the Power of Siberia 2 (POS 2) pipeline, which would further link the countries, have shown no signs of gaining traction.  Although Moscow is eager to close the deal, disagreements over pricing, tariffs, taxes, financing and the pipeline route may make it difficult for the project to meet its…