Articles tagged natural gas supply

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.

With weather models shedding more summer heat and Lower 48 supply trending higher, September natural gas futures resumed declines in early trading Wednesday.

Natural gas futures fell further in early trading Friday as the market continued to mull a larger-than-expected inventory build and signs of returning production volumes.

Natural gas futures tumbled in early trading Wednesday after the largest U.S. natural gas producer reaffirmed its 2024 sales volumes, signaling a further unwinding of supply curtailments put in place earlier this year to help balance the market.

Natural gas futures moved lower in early trading Tuesday as production levels ticked higher to undercut bullish sentiment from a post-Hurricane Beryl recovery in LNG exports.

Williams has filed with FERC for authorization to build its Southeast Supply Enhancement Project that would add about 1.6 Bcf/d of capacity to its Transcontinental Gas Pipe Line Co. (Transco) for natural gas deliveries from Virginia to Georgia.

Global commodities trader Gunvor Group Ltd. has secured a 400 million euro loan ($437 million) backed by the Italian government to buy more natural gas and LNG for industrial consumers in the country.

In another indication of renewed interest in natural gas storage capacity, Mississippi’s Leaf River Energy Center is seeking to modify its facility to maximize injections and withdrawals in response to customer requests for greater flexibility.

More than a year after the invasion of Ukraine, it still remains unlikely that Russia will regain its role as the European Union’s (EU) leading natural gas supplier, but an eventual increase in the country’s exports to the continent isn’t out of the question. 

The European Commission (EC) plans to extend its call for voluntary natural gas reduction measures until next year, said energy commissioner Kadri Simson.