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August Natural Gas Futures Rally Loses Steam Ahead of Expiry; Spot Prices Sputter

August Natural Gas Futures Rally Loses Steam Ahead of Expiry; Spot Prices Sputter

Natural gas futures on Tuesday finished lower for the first time in eight sessions, as traders took profits and customary volatility near the prompt month’s expiration emerged. Markets also weighed forecasts for modestly milder weather next week, though overall strong demand and tighter storage inventories that have fueled supply concerns could support a rebound in…

July 27, 2021
PGNiG Inks Another Sempra Deal after Scrapping Texas SPA, Boosts LNG Offtake from Venture Global

PGNiG Inks Another Sempra Deal after Scrapping Texas SPA, Boosts LNG Offtake from Venture Global

Polish Oil and Gas Co., aka PGNiG, has scrapped one deal and signed another with U.S. developer Sempra related to North American liquefied natural gas (LNG) supply.  The memorandum of understanding (MOU) announced Tuesday was signed after PGNiG canceled a previous sale and purchase agreement (SPA) to buy 2 million metric tons/year (mmty) of LNG…

July 27, 2021

European Natural Gas Market Tightens as Gazprom Again Snubs Ukranian Pipeline Capacity – The Offtake

A roundup of news and commentary from NGI’s LNG Insight  Gazprom PJSC did not book any of the 63.7 million cubic meters/day of interruptible natural gas pipeline capacity through Ukraine at a monthly auction on Tuesday. It was the fourth consecutive month that Gazprom did not take additional volumes. The company has been booking additional…

July 27, 2021
Even at $4.00, Higher Natural Gas Prices Needed, Says Raymond James

Even at $4.00, Higher Natural Gas Prices Needed, Says Raymond James

Natural gas prices crested the $4.00/MMBtu mark last week, and though the gains may have come quickly, price may need to be higher to incentivize more coal in power generation to help balance the market, according to Raymond James & Associates Inc. Coal’s share of the power generation stack would have to increase by more…

July 27, 2021
As Demand Further Strengthens, August Natural Gas Futures Extend Rally; Cash Prices Climb

As Demand Further Strengthens, August Natural Gas Futures Extend Rally; Cash Prices Climb

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%…

July 26, 2021
Heat, Supply Disruptions Send Global Natural Gas Prices Higher — LNG Recap

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…

July 26, 2021
Chart Industries Optimistic on U.S. LNG, Reports Record Orders for Third Straight Quarter

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…

July 26, 2021
Natural Gas Forward Prices Surge on Heat, Lagging Production

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…

July 23, 2021

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…

July 23, 2021
As Prompt-Month Henry Hub Surpasses $4, North American Gas Buyers Say Price Surge a Mixed Bag

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…

July 23, 2021
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