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LNG price

Pakistan seeks five LNG cargoes
Print

Pakistan seeks five LNG cargoes

SINGAPORE: State-owned Pakistan LNG is seeking five liquefied natural gas (LNG) cargoes for delivery from October to...
Published 31 Aug, 2021 03:15am
Opinion

LNG sector in Pakistan — IV

Gas pricing structure and excess capacities: Presently, the pricing of natural gas in the country is premised on the...
Published 05 Aug, 2021 04:34am
US natgas futures slip on mild weather forecast, exports decline
Markets

US natgas futures slip on mild weather forecast, exports decline

  • Traders noted gas prices were also following oil futures lower. US crude fell more than $2 a barrel on renewed global demand concerns as coronavirus cases in Asia rise, among other things.
  • Front-month gas futures fell 4.2 cents, or 1.4%, to $2.970 per million British thermal units.
Published 19 May, 2021 08:15pm
US natgas futures climb to fresh 10-week high on cooler forecast
Markets

US natgas futures climb to fresh 10-week high on cooler forecast

  • Front-month gas futures rose 2.8 cents, or 0.9%, to $2.994 per million British thermal units.
  • That kept the front-month in overbought territory with a Relative Strength Index (RSI) over 70 for a seventh straight day for the first time since November 2019.
Published 04 May, 2021 07:44pm
US natgas rises to fresh 9-wk high on record exports
Markets

US natgas rises to fresh 9-wk high on record exports

  • On its last day as the front-month, gas futures for May delivery rose 2.4 cents, or 0.8%, to $2.897 per million British thermal units.
  • That increase kept the front-month in overbought territory with a Relative Strength Index (RSI) over 70 for a third day in a row for the first time since August 2020.
Published 28 Apr, 2021 08:42pm
US natgas futures up to 7-week high on small storage build
Markets

US natgas futures up to 7-week high on small storage build

  • The US Energy Information Administration (EIA) said utilities added 38 billion cubic feet (bcf) of gas into storage during the week ended April 16.
  • That was less than the 49-bcf build analysts forecast in a Reuters poll and compares with an increase of 47 bcf in the same week last year and a five-year (2016-2020) average increase of 37 bcf.
Published 22 Apr, 2021 07:52pm
US natgas futures rise to one-week high on cooler forecasts
Markets

US natgas futures rise to one-week high on cooler forecasts

  • Traders also noted that mild weather this week will likely cause utilities to boost injections into storage by so much that the total amount of gas in inventory will rise above the five-year (2016-2020) average for the first time since the February freeze.
  • Front-month gas futures rose 1.9 cents, or 0.8%, to $2.541 per million British thermal units.
Published 09 Apr, 2021 06:56pm
Suez ship congestion could delay LNG deliveries to Europe
Markets

Suez ship congestion could delay LNG deliveries to Europe

  • The giant ship ran aground on Tuesday. The Suez Canal stepped up efforts on Friday to free the ship and end a blockage on the main route for European imports of LNG from the Middle East and for some cargoes heading to Asia from the Mediterranean.
  • There are now six LNG vessels waiting to enter the canal, with four of them at the southern Red Sea end and two in the Mediterranean, according to data intelligence firm Kpler. A seventh ship is already in the canal, the data showed.
Published 26 Mar, 2021 09:46pm
US natgas futures flat as mild weather offsets record LNG exports
Markets

US natgas futures flat as mild weather offsets record LNG exports

  • On its second to last day as the front-month, gas futures for April delivery remained unchanged at $2.568 per million British thermal units (mmBtu) .
  • Traders noted the 200-day moving average has become a strong price floor or technical level of support. The front-month has not settled below the 200-day since September 2020.
Published 26 Mar, 2021 08:16pm
Editorials

LNG value chain

EDITORIAL: Sometimes it seems that a new crisis about the energy sector makes it to the news with every passing day,...
Published 20 Mar, 2021 04:39am
US natgas futures slide ahead of expected small storage withdrawal
Markets

US natgas futures slide ahead of expected small storage withdrawal

  • If correct, last week's decrease would cut stockpiles to 1.776 trillion cubic feet (tcf), which would be 5.3% below the five-year average of 1.875 tcf for this time of year.
  • Front-month gas futures fell 3 cents, or 1.2%, to $2.498 per million British thermal units.
Published 18 Mar, 2021 08:34pm
Repsol makes first delivery of carbon-compensated LNG
Business & Finance

Repsol makes first delivery of carbon-compensated LNG

  • Tradeable offset credits aim to balance the planet-warming effects of emissions by supporting projects such as forestation and renewable energy generation sites elsewhere in the world.
  • Repsol said it had supplied 430 cubic metres of LNG to a 150-metre long chemical tanker owned by Swedish firm Furetank Rederi at a terminal owned by system operator Enagas in southeastern Spain.
Published 12 Mar, 2021 07:04pm
US natgas futures rise to 1-week high on colder forecasts
Markets

US natgas futures rise to 1-week high on colder forecasts

  • Front-month gas futures rose 2.8 cents, or 1.0%, to $2.867 per million British thermal units.3
  • Refinitiv projected average gas demand, including exports, would drop from 112.2 bcfd this week to 105.0 bcfd next week as the weather turns seasonally milder.
Published 03 Mar, 2021 07:58pm