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Natural Gas Futures Surge Past $9 Early as Contract Expiration, Storage Loom

Natural Gas Futures Surge Past $9 Early as Contract Expiration, Storage Loom

Natural gas futures were rallying in early trading Wednesday as analysts pointed to tight fundamentals, while the looming Nymex prompt month contract expiration raised the possibility of volatile price action ahead.  The expiring June contract was up 36.2 cents to $9.158/MMBtu at around 8:45 a.m. ET. July was trading 35.4 cents higher to $9.190. EBW…

May 25, 2022
Natural Gas Futures Volatile Ahead of Prompt Month Expiry, but Finish Up Near $9.00

Natural Gas Futures Volatile Ahead of Prompt Month Expiry, but Finish Up Near $9.00

Natural gas futures fluctuated Tuesday as traders assessed an inconsistent production recovery, a mixed domestic weather outlook, ongoing uncertainty in Europe and the looming expiration of the June contract. The June Nymex gas futures contract ultimately settled at $8.796/MMBtu, up 5.2 cents day/day. It had gained 66 cents a day earlier. The July contract ticked…

May 24, 2022
Protests Fail to Derail Shell’s Annual Meeting with Shareholders Strongly Supporting Energy Transition

Protests Fail to Derail Shell’s Annual Meeting with Shareholders Strongly Supporting Energy Transition

Shell plc’s energy transition strategy got a thumb’s up Tuesday from shareholders during an annual general meeting that was disrupted for hours by protestors. During a live feed of the proceedings in London, demonstrators shouted insults and sang protest songs, which led Chairman Andrew Mackenzie to formally delay the event. Before police arrived, some protestors…

May 24, 2022
LNG Demand Seen Driving Natural Gas Prices Higher This Summer, FERC Says

LNG Demand Seen Driving Natural Gas Prices Higher This Summer, FERC Says

Driven in part by liquefied natural gas (LNG) exports, demand growth will outpace supply gains this summer, leading to higher prices year/year, FERC said in its 2022 outlook on summer energy markets. Compared with summer 2021 levels, total domestic dry natural gas production is expected to increase 3.4% this summer, while total consumption is projected…

May 24, 2022
Texas Natural Gas Exports Via Corpus Christi Up 50%-Plus

Texas Natural Gas Exports Via Corpus Christi Up 50%-Plus

For the first four months of 2022, liquefied natural gas (LNG) exports from Texas’ Port of Corpus Christi were up 56.2% over the previous tonnage record set in January through April 2020, the port authority said Monday. The Port of Corpus Christi’s CEO Sean Strawbridge said “we have the table set for meeting the increasing…

May 24, 2022
Natural Gas Futures Find Footing, Soar to Snap Brief Losing Streak

Natural Gas Futures Find Footing, Soar to Snap Brief Losing Streak

Natural gas futures raced ahead Monday, snapping the two-day slump that closed out the prior week, as U.S. exports gathered more momentum and modest production offset cooler near-term weather forecasts. The June Nymex gas futures contract settled at $8.744/MMBtu, up 66.1 cents day/day. July gained 64.9 cents to $8.827. NGI’s Spot Gas National Avg. rose…

May 23, 2022
European Natural Gas Prices Hit Three-Month Low – LNG Recap

European Natural Gas Prices Hit Three-Month Low – LNG Recap

Natural gas prices in Europe on Monday slumped to their lowest level since Russia invaded Ukraine in February as weak demand and the steady arrival of liquefied natural gas (LNG) cargoes have combined to weigh down benchmarks.  Storage inventories are filling rapidly as the continent races to displace Russian supplies. Inventories were at about 43%…

May 23, 2022
Sempra Explores Decarbonizing Cameron LNG, Louisiana CCS Hub with Potential Partners

Sempra Explores Decarbonizing Cameron LNG, Louisiana CCS Hub with Potential Partners

Sempra Infrastructure has announced an initial deal with existing equity partnerships to curb emissions at its Cameron liquefied natural gas (LNG) terminal and potentially build a carbon capture hub in coastal Louisiana. The subsidiary of San Diego-based Sempra said Monday it had secured a participation agreement with TotalEnergies, Mitsui & Co. and Mitsubishi Corp. to…

May 23, 2022
June Heat Weakens in Latest Forecasts as Natural Gas Futures Called Lower

June Heat Weakens in Latest Forecasts as Natural Gas Futures Called Lower

Cooler weekend weather model trends, dialing back expectations for early June heat, saw natural gas futures slide in early trading Monday. The June Nymex contract was down 10.9 cents to $7.974/MMBtu at around 8:45 a.m. ET. July was off 11.4 cents to $8.064. The early June temperature outlook trended cooler over the weekend in the…

May 23, 2022
FERC Says LNG Export Growth Key Factor in Higher Summer Natural Gas, Electric Prices

FERC Says LNG Export Growth Key Factor in Higher Summer Natural Gas, Electric Prices

Driven in part by liquefied natural gas (LNG) exports, demand growth will outpace supply gains this summer, leading to higher prices year/year, FERC said in its 2022 outlook on summer energy markets. Compared with summer 2021 levels, total domestic dry natural gas production is expected to increase 3.4% this summer, while total consumption is projected…

May 20, 2022