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Rising Export Demand, Strong Power Burns Spark Massive Rally for Weekly Spot Gas Prices

Rising Export Demand, Strong Power Burns Spark Massive Rally for Weekly Spot Gas Prices

Strong power burns and rising export demand launched spot gas prices sharply higher for the Oct. 19-23 period. Fueled by gains of more than 50.0 cents across much of the United States, but countered by steep losses in California and Appalachia, NGI’s Weekly Spot Gas National Avg. ultimately rose 42.5 cents to $2.405. Benchmark Henry…

October 23, 2020
Rising Export Demand Fuels Big Rally for Natural Gas Forward Prices

Rising Export Demand Fuels Big Rally for Natural Gas Forward Prices

After multiple setbacks, liquefied natural gas (LNG) demand ramped up in a big way during the Oct. 15-21 period, tightening up supply/demand balances and boosting natural gas forward prices across the country, according to NGI’s Forward Look. November prices jumped an average 26.0 cents for the period, with double-digit gains extending through the winter months…

October 23, 2020
Northern Chill, Rebound in LNG to Drive Strong Winter U.S. Natural Gas Demand, Analysts Say

Northern Chill, Rebound in LNG to Drive Strong Winter U.S. Natural Gas Demand, Analysts Say

Recovering liquefied natural gas (LNG) demand, forecasts for a colder winter that were supported by an early Midwest chill, low production and abating storage containment worries should support gas prices in the final months of this year and establish momentum for 2021, analysts argue. “While U.S. storage is projected to exceed 4 Tcf by the…

October 23, 2020
LNG Infrastructure Easily Modified to Liquefy Hydrogen, Says Chart CEO

LNG Infrastructure Easily Modified to Liquefy Hydrogen, Says Chart CEO

Natural gas liquefaction technology made by Chart Industries Inc. can be modified relatively easily to also liquefy hydrogen for export, the CEO said Thursday. Ball Ground, GA-based Chart provides liquid gas technologies and equipment for the energy, water and space industries, among others. It has in the last few years become more focused on the…

October 23, 2020
Weather Outlook Sheds Heating Demand as Natural Gas Futures Slide Early

Weather Outlook Sheds Heating Demand as Natural Gas Futures Slide Early

A milder shift in the latest forecasts saw natural gas futures give back some of their recent gains in early trading Friday. After cresting the $3/MMBtu mark earlier in the week, the November Nymex contract was down 3.5 cents to $2.972/MMBtu at around 8:45 a.m. ET. In the overnight weather data, the European model removed…

October 23, 2020
LNG Imports in Latin America Fall as Pandemic Takes Toll

LNG Imports in Latin America Fall as Pandemic Takes Toll

Imports of liquefied natural gas (LNG) to Latin America fell by 4.2 million tons (Mt), or 32%, during January-September versus the same period in 2019 as the coronavirus ravaged the region’s economies, according to new analysis by data intelligence firm Kpler. Latin America has seen a particularly sharp decline this year compared to other LNG-importing…

October 22, 2020
LNG Market Not ‘Out of the Woods’ as Volatility Likely a Mainstay for Years

LNG Market Not ‘Out of the Woods’ as Volatility Likely a Mainstay for Years

Nikos Tsafos, a senior fellow at the Center for Strategic & International Studies’ Energy Security and Climate Change Program, believes the global natural gas market can count on turbulence in the years ahead, with more volatility likely and an increasingly murkier role to play in the energy transition.  NGI: It was a rough summer for…

October 22, 2020

The Offtake: Vessel Finally Departs Cameron LNG

A roundup of news and commentary from NGI’s LNG Insight The Golar Seal departed Cameron LNG on Wednesday, transiting the Calcasieu Ship Channel with a draft of 35.8 feet, according to Bloomberg ship tracking data. The ship’s draft was below the 36-foot restrictions in place from a sunken rock barge in the CSC. The vessel…

October 22, 2020
Exports, Colder Near-Term Forecasts Lead to Big Gains for Natural Gas Forward Prices

Exports, Colder Near-Term Forecasts Lead to Big Gains for Natural Gas Forward Prices

After multiple setbacks, liquefied natural gas (LNG) demand ramped up in a big way during the Oct. 15-21 period, tightening up supply/demand balances and boosting natural gas forward prices across the country, according to NGI’s Forward Look. November prices jumped an average 26.0 cents for the period, with double-digit gains extending through the winter months…

October 22, 2020
November Natural Gas Called Slightly Lower as Traders Await Inventory Data

November Natural Gas Called Slightly Lower as Traders Await Inventory Data

After punching through the $3/MMBtu barrier in the previous session, natural gas futures held relatively steady in early trading Thursday as the market awaited the latest round of government inventory data. The November Nymex contract was off 2.1 cents to $3.002 at around 8:40 a.m. ET. The November contract settled at $3.023 Wednesday, marking the…

October 22, 2020
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