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January Nymex natural gas futures ended a choppy Friday regular trading session slightly lower, off the prior day’s $2.585/MMBtu settlement. At A Glance: Futures finish slightly lower Long-range outlook bearish Cash prices mostly higher The front-month contract settled at $2.581/MMBtu. January futures probed the upside early, reaching a $2.610 intraday high, but quickly reversed gains…

Unable to escape a bearish fundamental outlook informed by production outperformance and mild December weather, regional natural gas forwards saw heavy discounts during the Nov. 30-Dec. 6 trading period, NGI’s Forward Look data show. National benchmark Henry Hub fell to $2.575/MMBtu for January delivery, a 24.4-cent slide versus week-earlier prices.   Winter bulls found little refuge…

Editor’s Note: NGI’s Mexico Gas Price Index, a leader tracking Mexico natural gas market reform, is offering the following column by Eduardo Prud’homme as part of a regular series on understanding this process. In the last decade, monumental infrastructure projects in Mexico have changed the landscape of the natural gas industry. The Ramones system bringing…

Natural gas residential customers have reported less satisfaction with utilities as bills in 2023 increased by about 17% from last year, but softening gas prices and companies increasing communication could reverse the trend, according to a recent survey by J.D. Power.  In its 2023 Gas Utility Residential Customer Satisfaction Study, the data and analytics firm…

Magnolia LNG LLC has filed for a new authorization to export the super-chilled fuel from its proposed facility in Louisiana, the second U.S. project to do so since U.S. regulators said in April they wouldn’t issue extensions to start operations in most cases. The Glenfarne Energy Transition LLC affiliate withdrew its request on Nov. 29…

The U.S. natural gas rig count climbed three units to 119 for the week ended Friday (Dec. 8), including an uptick in Haynesville Shale activity, the latest figures from Baker Hughes Co. (BKR) show. Oil-directed drilling declined by two rigs domestically, and the combined U.S. rig count finished the period at 626, up one rig…

Nymex January natural gas futures ended a seesaw Thursday trading session modestly higher at $2.585/MMBtu. Futuresgarnered little fresh directional support in the withdrawal from natural gas inventories, which was larger than most expectations. The front-month contract tumbled early to a $2.489 intraday low and spiked to a $2.621 intraday high following the midmorning storage data…

The heating season has arrived and utilities are drawing substantially more natural gas from storage to get furnaces cranking. But prices remain subdued. What gives? First and foremost: Natural gas production spiked about 4 Bcf/d this year and reached record levels above 106 Bcf/d in November. Output remains close to the all-time high in early…

High inventories, a bearish demand outlook and forecasts of a mild winter have failed to limit European LNG imports.  Although Kpler data shows the continent’s total liquefied natural gas intake year-to-date has fallen to 113.68 million tons (Mt) from 114.95 Mt, LNG is still expected to make up around 43% of the European Union’s total…