Updated Aug 30, 2024
8/30/24
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
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 Christopher Lenton on
North American natural gas futures were once again above the $2.00/MMBtu mark as the market turned to the post-summer season.
By Chris Newman on
Natural gas forwards slipped at the front of the curve for most locations alongside trimmed demand expectations for September, while hubs in Canada posted gains ahead of the nation’s first LNG export terminal.
By Kevin Dobbs on
In its debut run at the front of the Nymex natural gas futures curve, the October contract mustered momentum after a government inventory report met expectations and proved bullish relative to historical norms.
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 Jodi Shafto on
Gasping on its final day as the lead contract, September Nymex natural gas futures pushed back against early losses to a $1.856/MMBtu low and rolled off the board with a gain.
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 Kevin Dobbs on
In its final run as the prompt month, the September natural gas futures contract opened lower, with steady production and approaching fall weather trumping expectations for a favorable government inventory print.
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.
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