Natural gas futures on Monday advanced for a seventh consecutive session as robust domestic cooling demand and strong liquefied natural gas (LNG) export levels continued to drive up prices that are at their highest levels since 2018. The August Nymex contract advanced 4.2 cents day/day and settled at $4.102/MMBtu. The prompt month gained nearly 11%…
LNG
Articles from LNG
Heat, Supply Disruptions Send Global Natural Gas Prices Higher — LNG Recap
Global natural gas prices climbed higher Monday amid supply disruptions and sweltering heat. Gains for the Henry Hub contract led the way, as the U.S. benchmark traded near a three-year high Monday with the hottest weather of the summer in the United States on the way Tuesday. Henry Hub picked up where it left off…
Chart Industries Optimistic on U.S. LNG, Reports Record Orders for Third Straight Quarter
Chart Industries Inc. CEO Jill Evanko expressed optimism on Thursday that up to four large U.S. liquefied natural gas (LNG) export projects could be sanctioned early next year following a flurry of activity in the past two months. Evanko said she was “very bullish on one to four U.S. Gulf Coast export projects that already…
Natural Gas Forward Prices Surge on Heat, Lagging Production
With the scorching temperatures the South Central United States is used to seeing in the summer finally starting to build, and production lagging recent highs, August natural gas forward prices soared 32.0 cents on average during the trading period ending July 21, according to NGI’s Forward Look. Price gains were just as impressive for the…
Typhoon In-fa Squeezing LNG Supply in China — The Offtake
A roundup of news and commentary from NGI’s LNG Insight Typhoon In-fa was moving over Japan’s southern islands Friday ahead of a projected landfall in China Sunday or Monday in Zhejiang. Bloomberg reported that gas distributor ENN Group Co. Ltd. had to halt LNG truck deliveries from its Zhoushan terminal Friday due to the typhoon’s…
As Prompt-Month Henry Hub Surpasses $4, North American Gas Buyers Say Price Surge a Mixed Bag
Changes in regional and global natural gas pricing, along with the transition to low-carbon energy, are creating challenges and opportunities for large natural gas buyers in North America, a panel of experts agreed Wednesday (July 21). The discussion at the LDC Gas Forums-Northeast event in Boston came a day before prompt-month Henry Hub prices surpassed…
Santos Sees LNG Sales Drop After Darwin Selldown; Overall Revenue Hits Record on Stronger Pricing
Australian liquefied natural gas (LNG) exporter Santos Ltd. saw sales volumes and revenue from the super-chilled fuel drop in 2Q2021 following the sale of a chunk of its ownership in the Darwin LNG plant in the northern part of the country. Santos said Thursday it logged 1.04 million metric tons (mmt) in LNG sales volumes…
Steamy Summer Weather, Producer Discipline Drive Stout Gains for Natural Gas Forward Prices
With the scorching temperatures the South Central United States is used to seeing in the summer finally starting to build, and production lagging recent highs, August natural gas forward prices soared 32.0 cents on average during the trading period ending July 21, according to NGI’s Forward Look. Price gains were just as impressive for the…
Traders Shrug off Bearish Storage Result, Drive August Natural Gas Futures Above $4.00
Traders looked past a bearish storage print by the Energy Information Administration (EIA) on Thursday and focused instead on persistently strong demand and relatively light production, a combination favorable for continued strength in natural gas prices. The prompt month has climbed five straight days and on Thursday topped the $4.00/MMBtu threshold for the first time…
Natural Gas Projects Spurring Industrialization Opportunities in Southern Mexico, Central America
Economic analysts, Mexican President Andrés López Obrador and U.S. Vice President Kamala Harris have all said that liquefied natural gas (LNG) could fuel an industrial boom in southern Mexico and Central America and lead to prosperity. Central America, with its population of some 44 million, has four natural gas projects, each valued at some $1…