Natural Gas Prices

Liquefied natural gas (LNG) prices continued to set records in North Asia on Wednesday as buyers scrambled for prompt cargo deliveries amid a supply shortage and cold snap. Trafigura Group Pte. Ltd. purchased a cargo from PetroChina Co. Ltd. at $21.70/MMBtu for delivery to China early next month. The transaction was above the previous high…

The owners of the Double E natural gas pipeline have asked federal regulators for permission to begin construction on the 135-mile Permian Basin conduit. In a Monday filing, Double E Pipeline LLC asked FERC to approve the start of construction by Friday. The Federal Energy Regulatory Commission authorized the pipeline in October. Project backer Summit…

Weather models pointed to fresh bouts of cold air over the Midwest and East LNG export levels held strong amid demand from Europe and Asia Cash prices advanced, led by demand in the Midwest and Texas Natural gas prices spiked Tuesday, extending the gain made a day earlier to jumpstart 2021 trading, as weather models…

Natural gas prices spiked Tuesday, extending the gain made a day earlier to jumpstart 2021 trading, as weather models pointed to fresh bouts of cold air over the Midwest and East in the second half of January. The February Nymex gas futures contract jumped 12.1 cents day/day and settled at $2.702/MMBtu. March advanced 11.2 cents…

Mexico should expect higher natural gas prices in 2021 as coronavirus vaccines become available and global economies heat up following the pandemic-inspired slump of 2020. Even the Waha hub in West Texas, which saw wild pricing swings and went negative on numerous occasions in 2020, should see more stability and a reduced differential to Henry…

A roundup of news and commentary from NGI’s LNG Insight Trafigura Group Pte. Ltd. purchased an LNG cargo from Gunvor Group Ltd. for $20.80/MMBtu for early February delivery to Incheon, South Korea, which set a record for Japan Korea Marker (JKM) prices, according to Bloomberg.  Sky-high JKM prices are pulling cargoes away from Europe, where…

U.S. liquefied natural gas exports were near record levels Production was flat and the weather-driven demand outlook improved Cash prices advanced 15 cents amid winter conditions Natural gas futures advanced Monday – the first trading session of 2021 – building on the nearly 12-cent gain to finish last year, with U.S. liquefied natural gas (LNG)…

Most U.S. energy executives expect Henry Hub natural gas prices to average $2.40-2.79/Mcf by the end of 2021, but a solid number foresee prices of as much as $3.19, according to a survey by the Federal Reserve Bank of Dallas. The Dallas Fed, as it is better known, every quarter surveys executives of exploration and…

Major fluctuations in the latest weather models resulted in big swings in natural gas bidweek prices, with solid gains on the East Coast and out West. However, much of the country’s midsection posted hefty losses amid healthy storage levels, leaving NGI’s January Bidweek National Avg. down 2.5 cents from December 2020 bidweek to $2.695/MMBtu. While…