Venture Global LNG Inc. is looking to import at least three liquefied natural gas cargoes to aid in commissioning of Plaquemines LNG, according to a Department of Energy (DOE) filing.
Markets
Articles from Markets
Natural Gas Futures Rallying as Freeport Volumes Return — MidDay Market Snapshot
With recovering flows to the Freeport LNG terminal bringing out the bulls, natural gas futures were rallying through midday trading Monday. Spot prices were climbing off the lows recorded for delivery over the weekend. Here’s the latest: June Nymex futures up 9.3 cents to $2.016/MMBtu as of 1:58 p.m. ET With slow stochastics “in extreme…
May Natural Gas Bidweek Ends with Whimper; Demand Too Weak to Trim Robust Supply
With mild weather on tap and natural gas supply remaining stubbornly high, baseload natural gas prices for May stayed depressed on Friday (April 26), the third day of bidweek trading, according to NGI’s Bidweek Alert (BWA). Activity trickled lower on the last day of bidweek trade for May baseload flows, with the Midwest and Midcontinent…
Could Summer Demand, Lower Production Curb East Region Natural Gas Inventory Surpluses?
Supplies of natural gas in storage are stout everywhere, but East region inventories are closer to historical norms than any other section of the Lower 48. Should the densely populated Northeast sizzle amid scorching temperatures as forecast this summer, utilities in the heavy-gas consuming corner of the country could burn through more gas in the…
LNG Uptick, Production Weakness Nudge Natural Gas Futures Higher Early
Natural gas futures clawed back some of their recent losses early Monday as soft production and hints of strengthening export demand supported prices. Coming off a 6.3-cent sell-off in Friday’s session, the June Nymex contract was up 2.3 cents to $1.946/MMBtu at around 8:45 a.m. ET. The May contract rolled off the board late last…
Weekly Natural Gas Cash Spot Prices Move Higher as Futures Stumble
Weekly natural gas cash prices gained ground on the back of strong gains in West Texas in a week that was marked by stronger LNG feed gas flows and modestly higher weather-driven demand. NGI’s Weekly Spot Gas National Avg. for the April 22-26 trading period climbed 9.5 cents to $1.230/MMBtu. Among the top weekly gainers,…
May Natural Gas Futures Narrow Losses on Expiry Day; Cash Prices Fall
Natural gas futures fell Friday, with the May contract touching lows below $1.500/MMBtu before bouncing back on its last day as the front month. The June contract also fell, under pressure from milder weather patterns taking over and delaying expectations for summer’s heat to arrive. At A Glance: May Nymex rolls off board LNG exports…
Discounts Abound in Natural Gas Markets to Close Out Week — MidDay Market Snapshot
As mild weather threatened to further pad storage surpluses, natural gas futures sagged through midday trading Friday. Meanwhile, spot market buyers seeking supplies for weekend and Monday delivery were finding bargains aplenty. Here’s the latest: June Nymex futures down 7.5 cents to $1.911/MMBtu as of 2:15 p.m. ET From recent levels, natural gas futures face…
May Natural Gas Bidweek Prices Depressed on Second Day of Trade
As bidweek continued into a second day Thursday (April 25), baseload prices maintained the weak tenor established in Wednesday’s opener, according to NGI’s Bidweek Alert (BWA). Deal volumes were predominantly lower from Wednesday levels. Bidweek trading concludes on Friday. Leading on volume, Dawn in the Midwest saw 249,000 MMBtu/d in total volumes traded in 64…
Ahead of May Expiry, Natural Gas Futures Faltering as Storage Surplus Grows
As traders contemplated a swelling storage surplus amid mild springtime temperatures, natural gas futures were down sharply ahead of the front month expiration Friday. With volume thin in its final day of trading, the May Nymex contract was off 9.9 cents to $1.539/MMBtu as of 8:35 a.m. ET. June was trading 5.5 cents lower at…