storage

Hot Weather, Low Storage Inventories Continue Driving Global Demand for Natural Gas — LNG Recap

Hot Weather, Low Storage Inventories Continue Driving Global Demand for Natural Gas — LNG Recap

Global natural gas prices were mixed on Monday, picking up where they left off last week, but the outlook remains strong as bullish market fundamentals in Europe, Asia and South America remain largely unchanged. The front-month National Balancing Point and Title Transfer Facility contracts in Europe traded sideways last week, but they remained stable around…

June 7, 2021
Natural Gas Futures Slip on Rebounding Supply, Weather Model Shifts; Cash Still Rocking

Natural Gas Futures Slip on Rebounding Supply, Weather Model Shifts; Cash Still Rocking

After a double-digit gain to start the week, natural gas futures retreated a bit Wednesday as a majority of the previously reported production decline recovered midweek. With traders eyeing another potential bearish storage injection, the July Nymex gas futures contract settled 2.9 cents lower at $3.075. August fell 3.2 cents to $3.094. Spot gas prices…

June 2, 2021
June Natural Gas Futures Dip as Demand Outlook Temporarily Dims; West Cash Cruises

June Natural Gas Futures Dip as Demand Outlook Temporarily Dims; West Cash Cruises

Natural gas futures kicked off the trading week Monday on a sour note as forecasted weather demand eased, production ticked up and power burns were light. At A Glance: Forecasts call for cooler conditions next week LNG holds strong, but production ticks up Spot prices advance along with demand in the West The June Nymex…

May 24, 2021
Duke, Malta Consider Converting Coal Plant to Zero-Emissions Energy Storage

Duke, Malta Consider Converting Coal Plant to Zero-Emissions Energy Storage

In an effort to further its goal of achieving net-zero carbon by 2050, Duke Energy is taking part in a study to convert retiring coal units into long-duration, zero-emissions energy storage systems. The North Carolina-based utility is studying the socioeconomic, environmental and operational benefits of integrating Malta Inc.’s 100 MW, 10-hour pumped heat energy storage…

May 21, 2021
European, Asian Natural Gas Prices See Another Week of Gains as Fundamentals Unchanged — LNG Recap

European, Asian Natural Gas Prices See Another Week of Gains as Fundamentals Unchanged — LNG Recap

Natural gas prices in Europe and Asia pressed higher last week, topping multi-month highs and continuing a bull run that has persisted for much of the spring.  In Europe, prompt prices notched their third straight week of gains. The Title Transfer Facility contract broke through $9.00/MMBtu and closed well beyond that mark most of the…

May 17, 2021
NW Natural’s Management of Oregon NatGas Reduced Extra Costs During Winter Freeze

NW Natural’s Management of Oregon NatGas Reduced Extra Costs During Winter Freeze

Portland, OR-based NW Natural finessed its natural gas supply and storage operations to avoid excessive extra costs during February, which helped lift first quarter profits by more than 20%, the CEO said last week. “During a widespread freeze in Oregon in February, our teams successfully managed gas operations to mitigate impacts on customers,” CEO David…

May 12, 2021
No ‘Excitement’ Needed as May Nymex Natural Gas Contract Expires Above $2.90

No ‘Excitement’ Needed as May Nymex Natural Gas Contract Expires Above $2.90

Part of a broad move higher across commodities, natural gas futures recorded a third straight day of gains despite an uptick in production and moderate weather outlooks. The May Nymex gas futures contract rolled off the board at $2.925, up 5.2 cents from Tuesday’s close. June, which takes over the prompt-month position on Thursday, climbed…

April 28, 2021
U.S. LNG Terminals Seen Running at Full Capacity Through Summer to Meet Global Demand

U.S. LNG Terminals Seen Running at Full Capacity Through Summer to Meet Global Demand

It’s shaping up to be a drastically different summer for U.S. liquefied natural gas (LNG) exporters as the global market has unexpectedly tightened and demand has spiked in a reversal of fortunes from last year when trade slumped to historic lows.  “Things changed a lot,” said Rystad Energy’s Carlos Torres Diaz, head of gas and…

April 23, 2021
WhiteWater Testing Interest in Permian Natural Gas Storage Facility

WhiteWater Testing Interest in Permian Natural Gas Storage Facility

WhiteWater Midstream LLC is gauging customer interest in 2 Bcf of capacity at a Permian Basin storage facility following the start of commercial service on a pipeline expansion. Austin, TX-based WhiteWater on Monday launched an open season through May 21 to solicit commitments for firm natural gas storage services at the Waha Hub in Pecos…

April 14, 2021
Modest Momentum Continues for Natural Gas Prices, with May Futures Ahead Fourth Straight Day

Modest Momentum Continues for Natural Gas Prices, with May Futures Ahead Fourth Straight Day

Natural gas futures advanced for a fourth consecutive session on Monday as a bout of chilly spring weather was forecast to sweep across large swaths of the Lower 48, likely providing a boost for demand and cash prices. The May Nymex contract settled at $2.561/MMBtu, up 3.5 cents day/day. June climbed 3.8 cents to $2.643.…

April 12, 2021
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