Rally

After a massive rise in the prior week, natural gas forwards softened a bit in the trading period ending July 7. Cooler weather and returning production contributed to a 7.0-cent decline in August prices, with small decreases extending through the remainder of summer (August-October), according to NGI’s Forward Look. Winter forward prices also fell, but…

U.S. natural gas prices finally retreated Tuesday after the longest stretch of gains in two decades, but warmer forecasts and a tight global market are seen keeping the outlook bullish. Unrelenting heat from the East to West Coasts, coupled with increasingly strong international demand for liquefied natural gas (LNG), helped the Henry Hub front month…

A roundup of news and commentary from NGI’s LNG Insight Chevron Corp. said Friday it would move ahead with a $4 billion project to boost compression from its Jansz-Io field in Australia. The project would take about five years to complete and is aimed at maintaining supplies to the three liquefaction trains at the company’s…

A roundup of news and commentary from NGI’s LNG Insight A global commodity rally continued Thursday. Dutch gas futures soared to an all-time record by jumping above $12/MMBtu, while spot LNG prices in North Asia were assessed near $14. In the United States, the Henry Hub prompt contract increased by 1 cent to close at…

Seven proved to be the natural gas market’s lucky number on Wednesday. Nymex futures managed to overcome an early decline and extended their streak of consecutive gains another day. The August Nymex futures contract settled 2.0 cents higher day/day at $3.650. September edged up 1.8 cents to $3.624. Spot gas prices, however, buckled across the…

A roundup of news and commentary from NGI’s LNG Insight Global gas benchmarks recorded another day of gains Friday. Europe’s Title Transfer Facility again grabbed headlines. The front-month contract climbed for a seventh straight day, continuing its push above $11/MMBtu. Tudor, Pickering, Holt & Co. (TPH) said European storage built by 79 Bcf this week,…

Asian and European natural gas prices on Tuesday soared to multi-month highs, continuing a run of strength as demand remained unseasonably high. Tuesday’s gains came after the prompt Title Transfer Facility benchmark finished Monday at $8.973/MMBtu and the prompt National Balancing Point broke through the $9.00 barrier to hit $9.05 after a stretch of continued…

The rally in Asian natural gas prices has finally lost momentum as temperatures have warmed and supplies are creeping up across the region. Spot prices fell below $10.00/MMBtu on Monday as the February contract gave way to March delivery. The decline followed a rapid climb from late November through last week when Japan Korea Marker…

Snow and bitter cold from Europe to North Asia, which has pushed liquefied natural gas (LNG) and electricity prices to record-setting highs, hasn’t eased as the rally stretches into another week. Winter weather has combined with supply outages and shipping constraints in recent weeks to create a historic stretch for the global gas market. Temperatures…