Winter

Column: Mexico Gas Market Gears Up for Uncertain Winter Period

Column: Mexico Gas Market Gears Up for Uncertain Winter Period

Editor’s Note: NGI’s Mexico Gas Price Index, a leader tracking Mexico natural gas market reform, is offering the following column by Eduardo Prud’homme as part of a regular series on understanding this process. The opinions and positions expressed by Prud’homme do not necessarily reflect the views of NGI’s Mexico Gas Price Index. Recent increases in…

October 1, 2021
Global Natural Gas Rally Continues as Fears Grow Over Winter Energy Shortages — LNG Recap

Global Natural Gas Rally Continues as Fears Grow Over Winter Energy Shortages — LNG Recap

Natural gas prices across the world climbed higher on Tuesday, fueled by the prospect that there will be energy shortages from Europe to Asia this winter.  British and Dutch benchmarks closed higher Tuesday, beating an all-time record set Monday after finishing close to $30/MMBtu. In the United States, prices also continued climbing toward $6 as…

September 28, 2021
Markets ‘Very Nervous’ About Winter Natural Gas Price Surge

Markets ‘Very Nervous’ About Winter Natural Gas Price Surge

Colder than normal temperatures could trigger extreme upside volatility for natural gas prices this winter, according to industry experts. In a webinar Tuesday hosted by Refinitiv and NGI, a panel of experts said numerous factors have converged to create a far tighter market than what is normally seen at this time of year. “I traded…

September 22, 2021
European Industrial Blackouts Said Possible This Winter Amid Soaring Natural Gas Prices

European Industrial Blackouts Said Possible This Winter Amid Soaring Natural Gas Prices

Some of Europe’s industrial power consumers could face blackouts this winter if natural gas prices climb any higher, analysts with Goldman Sachs Commodities Research warned this week.  European benchmarks have soared to new heights as storage inventories remain short with colder weather approaching and traders baking in a winter risk premium. Goldman analysts led by…

September 16, 2021
LNG Market Seen Tightening Further With Little Relief in Sight as Winter Nears

LNG Market Seen Tightening Further With Little Relief in Sight as Winter Nears

This winter is shaping up to be one of the tightest in years for the global natural gas market as strong demand has continued throughout the year and left inventories woefully short.  Liquefied natural gas (LNG) supply disruptions in Angola, Brunei, Nigeria and Trinidad and Tobago, to name a few, have also led to incremental…

August 20, 2021
Stagnating Natural Gas Production a Boon to Northeast Forward Prices; Structural Drivers Behind Overall Rally

Stagnating Natural Gas Production a Boon to Northeast Forward Prices; Structural Drivers Behind Overall Rally

Natural gas forward markets rebounded sharply for the trading period ending Aug. 4 as widespread sweltering heat set to return sounded the alarm once again that U.S. storage inventories are on pace to fall uncomfortably short ahead of winter. September forward prices averaged 20.0 cents higher for the July 29-Aug. 4 period, according to NGI’s…

August 6, 2021
Polar Vortex Drives Massive Gains for Natural Gas Forwards, but Rally Loses Momentum

Polar Vortex Drives Massive Gains for Natural Gas Forwards, but Rally Loses Momentum

Massive snowstorms and intensifying frigid air in the coming weeks amped up the gains for natural gas forwards in the final days of January into early February. March prices averaged 19.0 cents higher for the period, while solid export demand seen this summer (April-October) lifted the strip an average 8.0 cents, according to NGI’s Forward…

February 5, 2021
Natural Gas Forwards Close Out 2020 with Steep Losses Amid Warm January Outlook

Natural Gas Forwards Close Out 2020 with Steep Losses Amid Warm January Outlook

With Old Man Winter appearing to trade in his snow boots for flip flops, natural gas forward prices ratcheted up declines during the final week of 2020. February prices tumbled an average of 11.0 cents from Dec. 24 to 30, while the balance of winter (February-March) fell an average 9.0 cents, according to NGI’s Forward…

December 31, 2020
EIA Says Natural Gas Storage Closes Traditional Injection Season Near Record Levels

EIA Says Natural Gas Storage Closes Traditional Injection Season Near Record Levels

Lower 48 working natural gas in storage finished the traditional injection season — April 1–Oct. 31 — at 3,920 Bcf, near the record-high of 4,047 Bcf reached in 2016, the U.S. Energy Information Administration (EIA) said Monday. Storage has run high this fall in part because of diminished demand last spring amid lockdown orders put…

November 16, 2020
PJM Says Power Generation Sufficient to Meet Winter Demand

PJM Says Power Generation Sufficient to Meet Winter Demand

PJM Interconnection expects to have ample resources to meet power demand this winter across its 13-state territory and the District of Columbia. The grid operator said it should have more than 186,000 MW of resources available to meet the projected peak demand of around 136,000 MW. PJM’s all-time winter peak is 143,295 MW, which was…

November 11, 2020