LNG

Natural gas traders shrugged off a cooler change to forecasts over the weekend, sending prices rallying early Monday ahead of prompt month expiration. The expiring July contract was up 5.7 cents to $3.553/MMBtu at around 8:50 a.m. ET. August was up 5.6 cents to $3.576. There are “conflicting forces at work” in the natural gas…

With the western United States now in its second year of a widespread drought, the extraordinarily low water levels at some of the critical reservoirs are adding a layer of uncertainty to electric reliability this summer. The power generated from the West’s fleet of hydroelectric generating facilities is on pace to be much lower than…

The cost of supplying U.S. liquefied natural gas (LNG) to Asia has spiked this year, but with a shortage of natural gas to meet widespread demand across the world, that is likely to have little impact on output that is expected to reach record highs. An analysis by Rystad Energy found that the short-run marginal…

Liquefied natural gas (LNG) suppliers may cede valuable market share to renewables as project costs skyrocket and buyers become more concerned about emissions associated with the super-chilled fuel, according to the Global Energy Monitor (GEM). The nonprofit, which tracks energy projects around the world, in a recent report said North American suppliers are particularly vulnerable…

Mirroring the recent bullish summer run for Henry Hub futures, natural gas forwards rose from coast-to-coast during the June 17-23 trading period. Indications of a tight supply/demand balance, coupled with an overall bullish temperature outlook, saw natural gas prices maintain their upward momentum. Spurred by a bullish surprise in the latest Energy Information Administration (EIA)…

A roundup of news and commentary from NGI’s LNG Insight Global gas benchmarks recorded another day of gains Friday. Europe’s Title Transfer Facility again grabbed headlines. The front-month contract climbed for a seventh straight day, continuing its push above $11/MMBtu. Tudor, Pickering, Holt & Co. (TPH) said European storage built by 79 Bcf this week,…

Forecasts advertising hotter-trending temperatures in the near term helped natural gas futures continue to probe higher in early trading Friday. The July Nymex contract was up 1.3 cents to $3.431/MMBtu at around 8:45 a.m. ET. The updated forecast as of early Friday showed hotter trends for the next week or so, according to Bespoke Weather…

Mirroring the recent bullish summer run for Henry Hub futures, natural gas forwards rose from coast-to-coast during the June 17-23 trading period. Indications of a tight supply/demand balance, coupled with an overall bullish temperature outlook, saw natural gas prices maintain their upward momentum. Spurred by a bullish surprise in the latest Energy Information Administration (EIA)…

A China National Petroleum Corp. (CNPC) subsidiary has made a giant oil and natural gas discovery totalling an estimated 1 billion tons of reserves in the prolific Tarim Basin in northwestern China, according to reports. “This has been the largest discovery of oil exploration in the Tarim Basin in the recent decade,” Tarim Oilfield Co.’s…