LNG

The U.S. Energy Information Administration (EIA) on Thursday reported an injection of 70 Bcf natural gas storage for the week ending Sept. 4, aligning with forecasts and easing early pressure on Nymex natural gas futures. Ahead of the report, a Bloomberg survey found estimates ranging from 60 Bcf to 73 Bcf, with a median of…

The Canadian government vowed Wednesday to attempt to salvage a mothballed C$2.2 billion ($1.6 billion) oil project offshore Newfoundland that the coronavirus pandemic threatens to sink. Rescue talks are underway, said Natural Resources Minister Seamus O’Regan, after Husky Energy Inc. teamed up with business and labor supporters to broadcast a group call for help for…

Ahead of the release of updated government inventory data, natural gas futures were down several cents in early trading Thursday as concerns over limited storage capacity into the end of the injection season appeared to overshadow any uplift from the recent strengthening in export demand. The October Nymex contract was down 6.0 cents to $2.346/MMBtu…

Natural gas futures wavered between gains and losses much of Wednesday before clawing out a modest gain as markets mulled positive export data against the prospects of cooler weather, a potentially bearish storage report and fall containment concerns. Coming off an 18.8-cent drop a day earlier, the October Nymex contract on Wednesday climbed six-tenths of…

A roundup of news and commentary from NGI’s LNG Insight ClipperData: LNG vessel Hough Gannet was berthed at Sabine Pass LNG in Louisiana on Wednesday and is “the first expected loading post Hurricane Laura.” SM Eagle was the last vessel to load at the facility on Aug. 23.  U.S. feed gas deliveries jumped to 6.35…

Demand for natural gas is likely to increase domestically and overseas heading into the winter, while production stagnates, pushing Henry Hub spot prices to an average of $3.40/MMBtu in January, the Energy Information Administration (EIA) said Wednesday. In the latest Short-Term Energy Outlook (STEO), forecasters said monthly average spot prices should “remain higher than $3.00/MMBtu…

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…