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Natural Gas Futures Pare Gains Ahead of EIA Report as Analysts Watch Global Price Trends

Natural Gas Futures Pare Gains Ahead of EIA Report as Analysts Watch Global Price Trends

Natural gas futures pared their recent gains early Thursday as traders prepared to digest updated government inventory data that was expected to show a notably larger weekly injection compared to recent reports. The October Nymex contract was down 8.3 cents to $5.377/MMBtu at around 8:55 a.m. ET. That the October contract began to sell off…

September 16, 2021
No End in Sight for Surging October Natural Gas Futures, Spot Prices

No End in Sight for Surging October Natural Gas Futures, Spot Prices

Natural gas futures on Wednesday rallied for a third consecutive session, again touching a new high for the year as traders fixated on potentially sparse supplies in the United States and Europe ahead of the peak winter demand season.  At A Glance: Futures rally a third straight day Storage worries weigh on markets Cash prices…

September 15, 2021
Pipeline Integrity Programs a ‘Growing Business’ for CNG, Small-Scale LNG Providers

Pipeline Integrity Programs a ‘Growing Business’ for CNG, Small-Scale LNG Providers

Outages caused by maintenance, repair or replacement of aging pipelines is giving a boost to providers that don’t rely on pipes to transport natural gas to customers, industry experts said Tuesday. Pipeline integrity programs are a growing business for small-scale liquefied natural gas (LNG) specialist Stabilis Solutions Inc. to keep molecules flowing to end users…

September 15, 2021
Chevron Tripling Low-Carbon Spending to Expand Opportunities, Entice New Customers

Chevron Tripling Low-Carbon Spending to Expand Opportunities, Entice New Customers

Using the financial muscle of its global natural gas and oil portfolio, Chevron Corp. is tripling its investments in low-carbon ventures with an eye on becoming a force in renewable fuels, hydrogen, carbon capture and offsets. The nation’s No. 2 oil producer on Tuesday pledged to earmark $10 billion in capital spending for low-carbon opportunities…

September 15, 2021

Freeport LNG Still Offline; European Natural Gas Continues Meteoric Rise — The Offtake

A roundup of news and commentary from NGI’s LNG Insight  Freeport LNG remained offline late Wednesday, a spokesperson said. Electricity at the terminal isn’t expected to be restored until CenterPoint Energy Inc. completes repairs on its system. Tropical Depression Nicholas made landfall in Texas on Tuesday as a Category 1 hurricane and knocked out power…

September 15, 2021
‘All Fear in the Market’ as Natural Gas Futures Rally Early

‘All Fear in the Market’ as Natural Gas Futures Rally Early

Natural gas futures rocketed higher early Wednesday as supply concerns continued to grip the market. The October Nymex contract was up 17.4 cents to $5.434/MMBtu at around 8:45 a.m. ET. The continued gains in Henry Hub futures coincide with rallying prices overseas and storage adequacy concerns both at home and abroad, according to Bespoke Weather…

September 15, 2021
Supply Worries, Strong Cash Prices Boost October Natural Gas Futures to 2021 High

Supply Worries, Strong Cash Prices Boost October Natural Gas Futures to 2021 High

Natural gas futures on Tuesday extended the ferocious rally launched a day earlier, hitting a high point for the year, as traders fixated on supply/demand imbalance concerns and cash prices continued to escalate. The October Nymex contract gained 2.9 cents day/day and settled at $5.260/MMBtu. A day earlier, the prompt month soared nearly 30 cents.…

September 14, 2021
Tropical Storm Nicholas Shuts Down Freeport LNG, Threatens Other U.S. Export Terminals — LNG Recap

Tropical Storm Nicholas Shuts Down Freeport LNG, Threatens Other U.S. Export Terminals — LNG Recap

Tropical Storm Nicholas, which moved onshore Texas early Tuesday, has temporarily shut down the Freeport liquefied natural gas (LNG) terminal south of Houston, and is projected to sweep over all of the Gulf Coast’s major export facilities in the coming days. The storm’s turn toward Louisiana may threaten exports at a time when the global…

September 14, 2021
Uniper Completes Early Trials in Germany to Move LNG by Rail

Uniper Completes Early Trials in Germany to Move LNG by Rail

An affiliate of German power company Uniper SE said it has successfully completed tests to move liquefied natural gas (LNG) by rail in specialized tank cars, bringing the mode of transporting the fuel one step closer to wider use across the world. Rail logistics company Vtg AG carried out initial trials on behalf of Uniper’s…

September 14, 2021
Natural Gas Futures, Already Above $5.00, Could Soar Further Amid ‘Extreme Tightness’

Natural Gas Futures, Already Above $5.00, Could Soar Further Amid ‘Extreme Tightness’

Following a hot summer that fueled robust domestic cooling needs and strong demand for U.S. exports of liquefied natural gas (LNG), Henry Hub prices surged and could climb even higher this winter if the season is exceptionally cold and supplies of gas in storage prove perilously low. This was a key theme to emerge during…

September 14, 2021
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