LNG

The European Energy Exchange (EEX) said this week that it has taken steps to enable negative prices on its natural gas spot markets beginning Oct. 1, following a “number of key price fluctuations” that have occurred on the market in recent months. “The move will allow the exchange to handle any price scenario that may…

After dropping sharply in the previous session, natural gas futures clawed back some of their recent losses in early trading Wednesday as analysts were on the lookout for additional gains in export demand. The October Nymex contract was up 4.9 cents to $2.449/MMBtu at around 8:40 a.m. ET. The October contract is coming off a…

Feed gas deliveries to Cheniere Energy Inc.’s Sabine Pass liquefied natural gas (LNG) terminal ramped up over the holiday weekend and were at nearly 1.5 Bcf on Tuesday, pushing U.S. export demand to levels not seen since before Hurricane Laura made landfall Aug. 27. Feed gas deliveries scheduled for delivery to all U.S. LNG export…

The average spot basis at many natural gas trading hubs in the United States narrowed during the first half of 2020 (1H2020) versus the same period last year, the Energy Information Administration (EIA) said Tuesday, citing NGI data. Basis refers to the difference between the natural gas price at a given hub and the Henry…

The global market is tightening with three major liquefied natural gas (LNG) facilities offline in the United States and Australia, supporting a price rally that began last month as fundamentals started improving.  The Sabine Pass and Cameron LNG terminals on the Gulf Coast, the two largest in the United States with a combined export capacity…

Natural gas exports, hammered by Hurricane Laura only days after reaching levels not seen since pre-Covid-19, were at the forefront of a steep decline in October forward prices during the Aug. 27-Sept. 2 period. The rest of the forward curve fared better, however, as the potential for further production decreases and stronger global demand this…

Analysts continued to keep a close eye on signs of post-Laura recovery in liquefied natural gas (LNG) export activity early Friday as natural gas futures probed a few cents higher. The October Nymex contract was up 2.8 cents to $2.515/MMBtu at around 8:50 a.m. ET. Balance data early Friday showed no major changes day/day for…

Natural gas futures broke even Thursday as markets looked past improved U.S. liquefied natural gas (LNG) export demand and a light storage report to the expected onset of fall weather, eased cooling demand and the likelihood of more robust stockpile injections in coming weeks. The October Nymex contract inched up one-tenth of a cent day/day…

Natural gas exports, hammered by Hurricane Laura only days after reaching levels not seen since pre-Covid-19, were at the forefront of a steep decline in October forward prices during the Aug. 27-Sept. 2 period. The rest of the forward curve fared better, however, as the potential for further production decreases and stronger global demand this…