-
Brightening LNG Outlook Spurs Further Natural Gas Futures Gains — MidDay Market Snapshot
Daily GPI – Natural Gas Intelligence May 13, 2024 | 19:12 pmWith summer cooling demand just around the corner, and with continued signs of renewed strength at a major U.S. export terminal, natural gas futures were charting another leg higher through midday trading. Here’s the latest: June Nymex futures up 12.3[…]
Read more... -
Global Natural Gas Prices Mixed on Stable Fundamentals – LNG Recap
Daily GPI – Natural Gas Intelligence May 13, 2024 | 18:10 pmGlobal natural gas prices were stable Monday as the market weighed easing supply constraints against forecasts for hotter weather in parts of the northern hemisphere and continued geopolitical tensions. In Europe, the Title Transfer Facility declined again, with the prompt[…]
Read more... -
Energy Transfer Works Texas Natural Gas Price Spreads With Midstream Capacity, Storage Assets
Daily GPI – Natural Gas Intelligence May 13, 2024 | 13:32 pmEnergy Transfer LP is using its intrastate natural gas pipeline capacity in Texas to allow its customers to take advantage of the wide price spreads caused by sub-zero pricing in the Permian Basin. NGI’s Waha daily cash price has averaged[…]
Read more... -
Saudi Aramco in Search of LNG Offtake Contracts to Gain Foothold in Global Trade
Daily GPI – Natural Gas Intelligence May 13, 2024 | 12:35 pmState-owned Saudi Arabian Oil Co., better known as Aramco, is working to secure LNG supply contracts for global trading as it continues to build on a strategy aimed at moving into the world’s natural gas market. Offtake contracts and a[…]
Read more... -
Natural Gas Futures Steady as Consolidation Said Possible After May Rally
Daily GPI – Natural Gas Intelligence May 13, 2024 | 12:01 pmHaving surged higher since the start of the month, natural gas futures were steady in early trading Monday as the market continued to weigh a mixed shoulder season fundamental outlook. The June Nymex contract was up fractionally at $2.253/MMBtu as[…]
Read more... -
Natural Gas Futures Take Breather to Stall Strong Win Streak; Spot Prices Vary
Daily GPI – Natural Gas Intelligence May 10, 2024 | 21:31 pmNatural gas futures finished Friday on a low note yet capped a solid week overall that was built on fading production, LNG advances and sections of strong weather-driven demand. The June Nymex gas futures contract settled at $2.252/MMBtu on Friday,[…]
Read more... -
Natural Gas Forward Prices Rally as LNG Demand Seen Sharply Higher; Production Remains Off Highs
Daily GPI – Natural Gas Intelligence May 10, 2024 | 20:18 pmNorth American natural gas forwards rallied across the 2024 strip during the May 2-8 trading period as sagging production readings and an incrementally supportive LNG export outlook stirred bullish optimism. Benchmark Henry Hub set the tone, with June fixed prices[…]
Read more... -
U.S. Natural Gas Count Up One as Offshore Rig Added
Daily GPI – Natural Gas Intelligence May 10, 2024 | 18:23 pmThe U.S. natural gas rig count inched up by one to 103 operating for the week ended Friday (May 10), according to updated figures from oilfield services provider Baker Hughes Co. (BKR). The 103 active U.S. natural gas rigs as[…]
Read more... -
Sempra Doubling LNG Export Capacity Ahead of Forecast Demand Surge
Daily GPI – Natural Gas Intelligence May 10, 2024 | 14:34 pmSempra is betting on substantial growth in global LNG demand over the coming years despite regulatory uncertainty over the future of U.S. exports, management said. CEO Jeffrey Martin hosted a conference call to discuss first quarter 2024 earnings for the[…]
Read more... -
Golden Pass LNG Expects ‘Near Term’ Construction Impacts Amid Possible EPC Changes
Daily GPI – Natural Gas Intelligence May 10, 2024 | 13:09 pmGolden Pass LNG confirmed interruptions on the Texas export project could be coming after reported worker furloughs, citing ongoing negotiations between its engineering, procurement and construction (EPC) contractors. San Antonio-based Zachry Group informed hourly subcontractors Thursday not to come to[…]
Read more...