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Global Price Spikes Create ‘Favorable’ Conditions for Second Wave of North American LNG Projects, Expansions

Global Price Spikes Create ‘Favorable’ Conditions for Second Wave of North American LNG Projects, Expansions

Soaring natural gas prices in Europe and Asia and a tight global natural gas market could get planned North American liquefied natural gas (LNG) projects across the finish line. A trio of experts spoke Tuesday on dynamics in the LNG market at the LDC Natural Gas Forum in New Orleans. NGI’s LNG Insight Senior Editor…

October 12, 2021
Bearish Domestic Fundamentals Keeping Pressure on Natural Gas Futures Early

Bearish Domestic Fundamentals Keeping Pressure on Natural Gas Futures Early

Natural gas futures extended their losses in early trading Tuesday, with prices skidding double digits amid a bearish outlook for October fundamentals. After stumbling 22.0 cents in the previous session, the November Nymex contract was down another 13.7 cents to $5.208/MMBtu at around 8:45 a.m. ET. The European and American weather models both lost degree…

October 12, 2021
Natural Gas Futures Tumble Further as Warm Weather Pattern Intact Despite Cooler Shift

Natural Gas Futures Tumble Further as Warm Weather Pattern Intact Despite Cooler Shift

After testing some upside in overnight trading, natural gas futures reversed course once Monday’s trading session got underway. The initial rise in prices was attributed to cooler-trending weather models, which ultimately did little to alter the overall warm theme seen this fall. The November Nymex gas futures contract slid 22.0 cents to $5.345. December fell…

October 11, 2021
Global Natural Gas Thirst Unlikely to be Satiated by U.S. Production

Global Natural Gas Thirst Unlikely to be Satiated by U.S. Production

The global natural gas squeeze has been festering, but U.S. cargoes to overseas markets are unlikely to save the day as winter draws near, according to a group of industry experts. In a series of webinars hosted last week by Raymond James & Associates Inc., executives offered their views on the risks facing the gas…

October 11, 2021
Cheniere Inks Long-Term LNG Deal With China’s ENN in Another Sign of Market Strength

Cheniere Inks Long-Term LNG Deal With China’s ENN in Another Sign of Market Strength

Cheniere Energy Inc. has agreed to supply liquefied natural gas (LNG) to Chinese utility ENN Natural Gas Co. Ltd. for 13 years beginning in July 2022.  Under the sales and purchase agreement (SPA), subsidiary ENN LNG Pte Ltd. would purchase 900,000 metric tons annually on a free-on-board basis. ENN would pay prices indexed to Henry…

October 11, 2021
Sky’s the Limit for European Natural Gas Prices this Winter, Wood Mackenzie Says

Sky’s the Limit for European Natural Gas Prices this Winter, Wood Mackenzie Says

European natural gas stockpiles could be completely drained over the next few months, leaving the continent wholly dependent on Russian pipeline imports if this winter turns out to be unseasonably cold in both Europe and Asia, according to an analysis from Wood Mackenzie. Colder winter weather across the globe could raise European heating demand to…

October 11, 2021
Natural Gas Futures Pull Back Early After Initial Rally; Weather Data Trends Cooler

Natural Gas Futures Pull Back Early After Initial Rally; Weather Data Trends Cooler

Volatile natural gas futures probed both sides of even in after hours trading ahead of Monday’s session as the market weighed cooler weekend weather trends against easing domestic storage adequacy concerns. After earlier rallying to as high as $5.799/MMBtu, the November Nymex contract was down 13.5 cents to $5.430 at around 8:50 a.m. ET. Liquefied…

October 11, 2021
November Natural Gas Prices Tumble to Near $5.50 as Cold Not Yet on Radar; Cash Off

November Natural Gas Prices Tumble to Near $5.50 as Cold Not Yet on Radar; Cash Off

After another week of turbulent swings in the natural gas market, bulls and bears appeared ready to take a breather on Friday. November Nymex gas futures still gyrated in a more than 30-cent range, but were poised to settle nearly flat on the day before a late-session sell-off ended with the contract off 11.2 cents…

October 8, 2021
Domestic Supply Fears Easing as Natural Gas Forwards Retreat from Highs

Domestic Supply Fears Easing as Natural Gas Forwards Retreat from Highs

A jittery natural gas market bracing for a winter of extreme pricing turned in a week of volatile trading for the Sept. 30-Oct. 6 time frame, but forward prices trended lower overall as mild weather and rising stockpiles soothed nerves over the domestic supply situation. Forward prices at most trading locations took their cues from…

October 8, 2021
Forward Prices Retreat on Looser U.S. Balances as Natural Gas Market Braces for Winter Extremes

Forward Prices Retreat on Looser U.S. Balances as Natural Gas Market Braces for Winter Extremes

A jittery natural gas market bracing for a winter of extreme pricing turned in a week of volatile trading for the Sept. 30-Oct. 6 time frame, but forward prices trended lower overall as mild weather and rising stockpiles soothed nerves over the domestic supply situation. Forward prices at most trading locations took their cues from…

October 7, 2021