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Brightening LNG Outlook Spurs Further Natural Gas Futures Gains — MidDay Market Snapshot

Brightening LNG Outlook Spurs Further Natural Gas Futures Gains — MidDay Market Snapshot

With summer cooling demand just around the corner, and with continued signs of renewed strength at a major U.S. export terminal, natural gas futures were charting another leg higher through midday trading. Here’s the latest: June Nymex futures up 12.3 cents to $2.375/MMBtu at around 2:30 p.m. ET Flows to U.S. LNG terminals surpassing 13…

May 13, 2024
Energy Transfer Works Texas Natural Gas Price Spreads With Midstream Capacity, Storage Assets

Energy Transfer Works Texas Natural Gas Price Spreads With Midstream Capacity, Storage Assets

Energy Transfer LP is using its intrastate natural gas pipeline capacity in Texas to allow its customers to take advantage of the wide price spreads caused by sub-zero pricing in the Permian Basin. NGI’s Waha daily cash price has averaged in the negative for much of the past two months, including a four-year low of…

May 13, 2024
Global Natural Gas Prices Rise as Competition for Cargoes Intensifies – LNG Recap

Global Natural Gas Prices Rise as Competition for Cargoes Intensifies – LNG Recap

Global natural gas prices continued to climb on Monday amid hotter weather, supply constraints and increasing competition among buyers.  The prompt Dutch Title Transfer Facility gained 4% Monday to finish just above $10/MMBtu. The contract increased by 9% last week, when the Japan-Korea Marker also climbed by 3%. Extreme heat has gripped South and Southeast…

May 6, 2024
Data Center Natural Gas Opportunities? Bring It, Says EnLink CEO

Data Center Natural Gas Opportunities? Bring It, Says EnLink CEO

Dallas-based EnLink Midstream LLC, whose natural gas transport options extend from the Permian Basin to Louisiana, is looking to the “longer-term setup” for incremental demand growth, including the potential to power artificial intelligence (AI) data center growth, CEO Jesse Arenivas said. He discussed first quarter performance during a recent conference call and highlighted how the…

May 6, 2024
Global Natural Gas Prices Slide Further as High Inventories Trump Volatility – LNG Recap

Global Natural Gas Prices Slide Further as High Inventories Trump Volatility – LNG Recap

Natural gas prices worldwide have continued to edge down as lagging winter weather and abundant storage win out over increasing risks in the Middle East and earthquakes in Japan. Gas markets were relatively muted Tuesday despite a New Year’s Day tremor that impacted Japan, the world’s second largest LNG buyer. The 7.6 magnitude quake originated…

January 2, 2024
Canada Mapping Electric Path, with Natural Gas-Fired Generation in Mix

Canada Mapping Electric Path, with Natural Gas-Fired Generation in Mix

Natural gas-fired power plants would continue to be a reliable energy supplier for Canada under proposed revisions to the nation’s electricity regulations. Under draft rules issued Thursday, thermal generation including natural gas would be accepted if the operations include removing greenhouse gas (GHG) emissions using carbon capture and storage (CCS). Federal and provincial incentives would…

August 11, 2023
Natural Gas Futures, Spot Prices Find Fresh Footing as Forecasts Show Intense Heat

Natural Gas Futures, Spot Prices Find Fresh Footing as Forecasts Show Intense Heat

Natural gas futures forged ahead on Monday, bolstered by forecasts for peak summer heat and robust cooling demand. The August Nymex gas futures contract settled at $2.669/MMBtu, up 8.7 cents day/day. September rose 7.1 cents to $2.641. At A Glance: Prompt month gains 8.7 cents Cooling demand set to mount Production recovers in July  NGI’s…

July 10, 2023
Transmission Operators Facing New Rules by FERC, NERC for Extreme Weather Events

Transmission Operators Facing New Rules by FERC, NERC for Extreme Weather Events

Federal energy regulators have finalized rules targeting the bulk power system’s reliability against extreme weather events that pose an “unacceptable risk to life and economic harm.” Under the rule, the North American Electric Reliability Corporation (NERC) would develop reliability standards for transmission organizations to prepare for extreme weather events “for the first time,” said FERC…

June 16, 2023
Mexico ‘Needs to Move Fast’ to Shore Up Energy Grid, Snag Nearshoring Opportunity

Mexico ‘Needs to Move Fast’ to Shore Up Energy Grid, Snag Nearshoring Opportunity

Mexico is at a pivotal moment as it gears up for an election next year amid a global rearrangement of supply chains. Ensuring reliable and affordable energy is key to the nation’s success, said participants at the Mexico Gas Summit in San Antonio, TX last week. The country needs investment in its natural gas supply…

June 12, 2023
Lack of Cooling Demand Drives Steep Decline for Natural Gas Futures

Lack of Cooling Demand Drives Steep Decline for Natural Gas Futures

Natural gas futures extended their losses on Monday, with prices tumbling by double digits amid light weather demand and lofty production that has held near the century mark despite maintenance events that have curtailed output. The June Nymex gas futures contract settled 18.5 cents lower at $2.400/MMBtu. July futures dropped 15.6 cents to $2.551. At…

May 22, 2023
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