Summer

Natural gas futures lost momentum on Wednesday, despite intense near-term heat and lower production estimates. Coming off an 11.7-cent gain, the August Nymex gas futures contract shed 2.6 cents day/day and settled at $2.603/MMBtu. September fell 3.3 cents to $2.585. At A Glance: 40s Bcf injection expected Production slides further Signs of strong LNG demand…

Editor’s Note: This column is part of a regular series by industry veteran Brad Hitch for NGI’s LNG Insight dedicated to addressing the complexities of the global natural gas market. One of the themes that has been touched upon is the increasing integration of the global gas market. This means U.S. integration with the rest…

The power grid operator for New England, where natural gas makes up the majority of the energy resources, said there are adequate resources to meet the region’s electricity demands this summer under typical weather conditions. However, tight supply margins are possible if temperatures are hotter than expected. ISO New England Inc. (ISO NE) oversees the…

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…

An estimated two-thirds of the people living across wide swaths of the United States and parts of Canada are facing elevated risks from “insufficient operating reserves” for power generation this summer, as extreme heat and maintenance disruptions breach an abundance of natural gas supply, according to the North American Electric Reliability Corp. (NERC). In its…

As summer heat failed to provide the spark needed to sustain higher prices, lost demand from the Freeport liquefied natural gas (LNG) terminal outage continued to erode value in the natural gas forwards market during the June 16-22 trading period. According to NGI’s Forward Look data, benchmark Henry Hub fell 56.2 cents week/week to average…

As lagging storage inventories and robust demand pressure prices higher, Henry Hub natural gas spot prices will average $8.69/MMBtu in the third quarter, updated Energy Information Administration (EIA) projections show. Amid rising domestic production by next year, the national benchmark price should retreat to $4.74 in 2023, the agency said in the June edition of…

The electric grid operator for most of Texas expects to have sufficient resources in place to meet what it expects to be record power demand this summer. The Electric Reliability Council of Texas (ERCOT) said summer loads would likely reach 77,317 MW, which would be a new system-wide peak demand record for the region. The…

Strong demand from the industrial sector and the “ripple effect” of Europe’s energy crisis will be among the key factors putting upward pressure on natural gas prices this summer, according to projections from the Natural Gas Supply Association (NGSA). In its 2022 Summer Outlook, published Wednesday, the trade group predicted downward pressure from weather and…