Updated Aug 30, 2024
8/30/24
October Nymex natural gas futures settled higher Thursday on some bullish implications from the latest storage data and potential lingering strong demand on the possibility that hot weather may continue through September.
By Jodi Shafto
on
By Jamison Cocklin on
NO. 1: Following a series of delays, Golden Pass LNG has asked the Federal Energy Regulatory Commission for a three-year extension to finish construction of the 18 million metric tons/year export project in Texas.
By Jodi Shafto on
Natural gas futures reversed early steeper losses but held the downside following the latest storage data, which outlined a largely expected injection for the week ended Aug. 23.
By Andrew Baker on
Singapore-based LNG Alliance Pte Ltd., sponsor of the proposed Amigo LNG export project in Mexico, signed a long-term offtake agreement with Malaysia’s E&H Energy SDN BHD, the companies said.
By Kevin Dobbs on
Weak natural gas prices through most of 2024 challenged the industry’s profitability, but they helped to dramatically ease the pace of U.S. inflation and, by extension, nudged the Federal Reserve (Fed) to the doorstep of interest rate cuts.
By Therese Robinson on
If global natural gas demand continues at the same pace as the previous four years, rising consumption could exceed output, resulting in a steep supply shortfall by 2030 without additional investment in production, the International Gas Union (IGU) warned in its 2024 Global Gas Report.
By Andrew Baker on
The U.S. oil and gas sector maintained robust profits and upstream capital expenditures (capex) in 2023, despite a substantial drop in commodity prices, according to a new analysis by Ernst & Young LLP, aka EY.
By Kevin Dobbs on
The September Nymex gas futures contract on Wednesday limped along early on its last day at the front of the curve. It was down 1.1 cents to $1.893/MMBtu as of 8:40 a.m. ET.
By Jodi Shafto on
Pressured ahead of Wednesday’s expiration, September Nymex natural gas futures slid another 5.2 cents Tuesday in low volume trade.
By Jodi Shafto on
A force majeure on the Natural Gas Pipeline Co. of America LLC (NGPL) has cut feed gas deliveries to Cheniere Energy Inc.’s Sabine Pass LNG terminal through September, potentially increasing demand for natural gas from Henry Hub and Moss Bluff.
By Jacob Dick on
QatarEnergy has inked a long-term LNG supply agreement with state-owned Kuwait Petroleum Corp. (KPC) as the nearby Middle Eastern oil producer looks to ease mounting natural gas supply and power demand issues.
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