storage

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
Mid-April Cold Snap Drives Gains for Natural Gas Futures; Western Cash Prices Rally

Mid-April Cold Snap Drives Gains for Natural Gas Futures; Western Cash Prices Rally

Natural gas futures managed to hold onto early gains midweek despite little change in fundamentals. The May Nymex gas futures contract traded in a nearly 10-cent band before settling Wednesday at $2.520, up 6.4 cents day/day. June picked up 6.1 cents to reach $2.597. Spot gas prices were mixed on Wednesday as the low price…

April 7, 2021
Nymex Natural Gas Futures Crumble on Warming April Forecast; Cash Weakens Further

Nymex Natural Gas Futures Crumble on Warming April Forecast; Cash Weakens Further

Natural gas futures took a dramatic fall after the Easter holiday weekend as weather forecasts shifted much warmer for the next couple of weeks. With April on pace to be warmer than normal, the May Nymex gas futures contract plunged 12.8 cents Monday to settle at $2.511/MMBtu. June fell 11.5 cents to $2.582. Spot gas…

April 5, 2021
European Demand Driving U.S. LNG Exports — LNG Recap

European Demand Driving U.S. LNG Exports — LNG Recap

Feed gas deliveries to U.S. liquefied natural gas (LNG) export terminals have been near capacity, flowing at almost 12 Bcf each day over the last week. The European natural gas market is helping drive U.S. export demand. Prices on the continent closed higher last week. The Dutch Title Transfer Facility finished at $6.620/MMBtu and the…

April 5, 2021
Natural Gas Futures Forge Ahead as April Contract Rolls Off Board; Cash Prices Climb

Natural Gas Futures Forge Ahead as April Contract Rolls Off Board; Cash Prices Climb

Natural gas futures gained ground Monday. April closed out its run as the prompt month amid forecasts for light domestic demand but robust export volumes. The April Nymex contract settled at $2.586/MMBtu, up 2.9 cents day/day. May, which becomes the prompt month on Tuesday, advanced 3.4 cents to $2.653. NGI’s Spot Gas National Avg. gained…

March 29, 2021
Weekly Natural Gas Prices Creep Lower Despite Snowstorm in Rockies

Weekly Natural Gas Prices Creep Lower Despite Snowstorm in Rockies

Weekly natural gas cash prices inched lower despite jumps in the Rocky Mountains region after a snowstorm to start the week. The early week boost was not enough to offset mild temperatures, light heating demand and flattish pricing across much of the Lower 48 as the week wore on. NGI’s Weekly Spot Gas National Avg.…

March 26, 2021
Low European Natural Gas Stocks ‘Good News’ for U.S. LNG Exporters

Low European Natural Gas Stocks ‘Good News’ for U.S. LNG Exporters

European Union (EU) natural gas storage inventories are trending below the 5-year average, setting the stage for a potential boost for U.S. exporters in the coming weeks and months. “Low EU gas stocks are good news for U.S. LNG exporters, notably as U.S. LNG netbacks are relatively high for both Asia and Europe, which should…

March 17, 2021
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