Rockies Natural Gas Discount Narrows as West Pull Strengthens
Mild winters have left the Western U.S. natural‑gas market oversupplied, pushing prices toward the $1.00/MMBtu level. Recent data show the Malin‑to‑Opal spread hitting a one‑month high, indicating the discount between the two hubs is narrowing. A hotter-than‑average spring and summer are expected to boost demand in the Rockies and California, potentially easing the storage glut. Traders are closely watching these dynamics as the West market tightens.
Antero Warns of Propane Shortages as Global Buyers Scramble to Buy NGLs Amid Iran War
Antero Resources reports a sharp increase in international demand for its natural gas liquids as buyers seek to replace Middle East supplies disrupted by the Iran‑Israel conflict. The company warns that propane inventories could become constrained by early summer, pushing...
Southeast Squeeze, Eastern Chill Set Up Clash in Spot Natural Gas Markets
Spot natural gas prices jumped on Tuesday as a brief cold snap hit the Northeast and Midwest while a force‑majeure outage knocked out a major Southeast pipeline. The supply constraint lifted prices at key hubs in the Southeast and added...
Could Production Dips, LNG Demand Finally Push Natural Gas to $3?
NYMEX natural‑gas futures rose on Monday as a confluence of lower domestic output, persistent liquefied natural‑gas (LNG) export demand, and a milder heating outlook in the Midwest and Northeast lifted market sentiment. Production is estimated at 106.6 billion cubic feet per...
Spot Natural Gas Prices Gaining as Weather Demand Builds
Natural gas spot prices edged higher on Monday, with the NGI Spot Gas National Average climbing 3 cents to $1.545 per MMBtu. The rally was driven by cooling weather forecasts that are expected to lift heating demand across the Northeast and...
LNG Vessel Finally Transits Strait of Hormuz, Others Moving Toward Waterway
The first fully loaded LNG tanker has successfully transited the Strait of Hormuz since the Iran‑UAE conflict began on Feb. 28. The vessel, named Mubaraz, is chartered by ADNOC and was loaded at the UAE’s 6 million‑ton‑per‑year Das Island export terminal on...
TC Energy Plans Major Appalachian Pipeline Expansion to Meet Surging Power Demand
TC Energy announced a $1.5 billion expansion of its Columbia Gas system to link Appalachian Basin gas supplies with the rising demand for natural‑gas‑fired power in the PJM Interconnection. The project, scalable to 2 billion cubic feet per day, aims to serve...
Permian Discounts Intensify While North American Natural Gas Forward Prices Slide
Physical natural gas markets weakened on April 30 as Texas and Midcontinent prices fell, while the Permian Basin saw its discount widen to roughly –$8 per MMBtu. May fixed‑price contracts slipped 16 cents, and forward prices across North America retreated...
Market Open: Natural Gas Futures Probe Higher, Fall Back as Bullish Catalysts Proving Elusive
Natural gas futures posted their biggest one‑day gain since March 11, driven by a 12‑cent jump and a modestly bullish storage report, before slipping back as demand forecasts turned bearish. Physical markets weakened across Texas and the Midcontinent, while the EIA...
MidDay Futures: Storage-Driven Pop Proves Fleeting as June Natural Gas Gives Back Gains
June NYMEX natural gas futures took over as the front‑month contract on April 29, 2026, edging higher after the latest EIA storage report but quickly surrendered those gains. The prompt‑month contract rose 4.5 cents to $2.692 per MMBtu before easing from...
Shell Adds ‘Missing Piece’ for LNG Canada Expansion With Feed Gas From ARC Deal
Shell has sealed a deal to acquire ARC Resources, adding a substantial Montney shale gas portfolio that will feed the LNG Canada project. The acquisition provides the missing feedstock needed to move the second phase of LNG Canada toward a...
Midmorning Markets: In-Line Natural Gas Storage Injection Supports Futures
The U.S. Energy Information Administration reported a 79 billion‑cubic‑foot (Bcf) natural‑gas injection for the week ending April 24, a level well above historical norms but in line with market expectations. Storage volumes are now 7.7% higher than the five‑year average, with the...
Argentina Balances LNG Export Ambitions With Ongoing Import Demand
Camuzzi Gas Inversora has signed a memorandum of understanding with global energy trader Vitol to develop the LNG del Plata project at the Port of La Plata. The facility is slated to begin commercial operations in 2028 and will be fed primarily by...
On the Cusp of Sale, Canadian Natural Gas Producer ARC Resources Delivers Bullish Results, Outlook
Shell is moving to acquire Canadian natural‑gas producer ARC Resources, a deal that would give the oil major access to ARC's extensive Montney shale assets. ARC reported record first‑quarter production, underscoring its role in meeting rising global gas demand. The...
Spot Prices Wrap: Northeast, Midwest Hubs Strengthen on Chilly Forecasts
Physical natural gas spot prices rose in the Northeast and Midwest on Tuesday as colder weather forecasts lifted heating demand. Seasonal maintenance at key production facilities and reduced export volumes constrained supply, while an unexpected uptick in power‑generation consumption added...
BP ‘Still Growing’ LNG Portfolio as Hormuz Risks Loom
BP said its first‑quarter natural‑gas marketing and trading performance was "average," reflecting a volatile market still sensitive to Middle‑East geopolitics. The company highlighted that its diversified global LNG portfolio is acting as a buffer against potential supply shocks. BP also...
Asia Leads Global LNG Demand Destruction as Middle East Conflict Knocks Out Supplies
Asian LNG imports have fallen to their lowest level since the 2020 pandemic as the Middle East conflict forced the shutdown of Qatar and United Arab Emirates supply routes. Spot JKM futures hovered around $16.55 per MMBtu on April 27, 2026, reflecting...
US Natural Gas Storage Surplus Set for Mixed Impacts in Next EIA Report
NGI projects the EIA weekly natural‑gas storage report for the week ending April 24 will show a 73 Bcf injection, trimming the year‑over‑year surplus to about 110 Bcf from 142 Bcf. Despite the lower surplus, the stock will sit 10 Bcf above the five‑year average,...
KMI Acquiring Monument Pipeline for $505M, Expanding Texas Natural Gas Reach
Kinder Morgan (KMI) agreed to purchase the Houston‑area Monument Pipeline from ARM Energy Holdings for $505 million in cash. The 225‑mile system serves LNG shippers, natural‑gas utilities, and petrochemical users across the Texas Gulf Coast. The deal adds long‑term take‑or‑pay contracts...
Flaring Scrutiny Intensifies at LNG Canada During Export Ramp-Up
British Columbia’s energy regulator has ordered LNG Canada to probe and remediate recent flaring incidents at its Kitimat export terminal. The regulator cited violations of black‑smoke permits stemming from January flaring events and gave the company until October 2026 to...
Futures Settle: Bears Tighten Grip on Natural Gas as May Contract Heads Toward Expiry
Natural gas spot prices fell Friday as a force majeure limited Permian northbound capacity, pushing regional prices toward record lows. The decline fed into NYMEX futures, with the May contract slipping below the $2.50 support level as storage builds and...
Forward Prices Rise on Western Strength Despite Permian Natural Gas Rout
During the week of April 15‑22, natural‑gas forwards climbed in the Western United States, pushing the PG&E Citygate price to $1.339 per MMBtu and delivering the strongest weekly gain in the winter strip. At the same time, spot prices in...
Storage Critical as Waha Buckles Under Permian Natural Gas Glut, KMI Says
Kinder Morgan executives warned that West Texas is facing a tightening natural‑gas market as the Permian Basin’s output outstrips pipeline capacity. The Waha hub price has plunged to roughly -$7 per MMBtu, reflecting a severe supply glut and limited take‑away...
Spot Prices Wrap: West Texas Natural Gas Stumbles as Oversupply Outweighs Warm Weather
West Texas natural‑gas spot prices slipped into negative territory on Thursday as mild spring weather dampened heating demand and pipeline constraints limited take‑away capacity. The oversupply situation outweighed any seasonal warm‑weather boost, driving the Waha hub to trade below $0...
Futures Settle: ‘Historically Large’ Storage Injection Snaps Nymex Natural Gas Win Streak
Natural gas futures slipped sharply on Thursday after the Energy Information Administration reported a 103 billion cubic‑feet weekly injection, the largest in recent history. The injection lifted total Lower 48 working inventories to 2,063 Bcf, well above the five‑year average. The surge in...
California, Rockies Rally Lifts May Natural Gas Forwards Higher Despite Permian Sell-Off
North American natural gas markets posted mixed signals in the April 15‑22 week as western regions rallied while the Permian basin saw price declines. Forward curves in California, including PG&E Citygate, jumped to $1.339 per MMBtu, turning previously negative basis into...
European Energy Watchdog Warns Hitting Natural Gas Storage Targets Could Prove Difficult
The EU has mandated that member states refill natural‑gas storage to about 80% of capacity before winter, a move driven by the Ukraine war and a desire to curb price volatility. The Agency for the Cooperation of Energy Regulators (ACER)...
On-Site Natural Gas Generation Gains Favor with Hyperscalers as Bridge to Grid
A year after a surge of off‑grid natural‑gas proposals, hyperscale cloud providers and data‑center developers now view behind‑the‑meter (BTM) gas generation as a temporary bridge rather than a permanent solution. The shift reflects growing frustration with lengthy interconnection queues for...
Wheatstone LNG Resumes Full Production, Adding Supplies to Market Rattled by Iran War
Wheatstone LNG announced it has returned to full‑production levels, restoring its 7.5 mtpa output to the global market. The restart comes as the LNG sector grapples with supply disruptions linked to the Iran‑U.S. naval standoff in the Strait of Hormuz. Iranian...
MidDay Futures: Bears Feast on Triple-Digit Natural Gas Storage Build
Natural‑gas futures slipped 12.9 cents to $2.593 per MMBtu as a triple‑digit storage build loomed in the upcoming EIA report. Mild temperatures curbed heating demand while early‑season cooling offered only modest support, leaving physical spot prices on a downward bias. The...
Spot Prices Wrap: Henry Hub Cash Maintains Premium to Nymex Despite Drop in Demand
The latest spot‑price wrap shows the Henry Hub cash market still trading at a modest premium to the NYMEX futures contract, even as natural‑gas demand slipped in the United States during the reporting week. Cash prices hovered around $2.85 per...
Waha Locked in Negative Territory Amid Natural Gas Market Fracture
Natural‑gas spot prices slipped on Tuesday as milder Midwest weather reduced demand, while futures remained above cash levels. Henry Hub cash prices have traded at a premium to NYMEX futures since late February, underscoring a broader market shift. In contrast,...
Alaska LNG Project Clearing Hurdles, Inching Toward Reality
Glenfarne Group LLC is pushing the Alaska LNG project closer to construction, with early pipeline work slated to begin soon. The company has secured all necessary federal permits, clearing a major regulatory hurdle. Tentative sales agreements have been signed for...
Spot Prices Wrap: Cash Climbs as Natural Gas Demand, Supply Indicators Trend Bullish
Natural gas futures posted a fourth consecutive session of modest gains as cooler weather and robust LNG exports lifted demand, while U.S. storage reports show a growing surplus. Traders remain cautious amid lingering geopolitical tension from the Iran‑U.S. conflict, which...
Futures Settle: Natural Gas Extends Quiet Winning Streak as LNG, Cool Temps Boost Demand
Natural‑gas futures posted a fourth straight session of modest gains as the market balanced comfortable supply with supportive demand cues. Midwest storage inventories remain below seasonal norms, heightening sensitivity to weather‑driven price moves ahead of the refill period. LNG feed‑gas...
Golden Pass LNG Nears First Export as QatarEnergy Vessel Berths in Texas
Golden Pass LNG in Sabine Pass, Texas, is poised to load its first cargo after a QatarEnergy LNG carrier docked at the terminal’s berth. The facility’s feed gas supply averages 0.31 billion cubic feet per day, enabling liquefaction to commence....
LNG Demand Seen Rising on European Cold Snap, but Asian Weakness Keeps Gains in Check
A brief cold snap across Northwest Europe is expected to boost LNG demand over the next two weeks, offsetting the otherwise mild weather patterns in the United States that are dampening domestic gas consumption. While the European uptick adds upward...
Bison XPress Startup Redirects Bakken Natural Gas to Cheyenne Hub, Reshapes Regional Spreads
Federal regulators have approved TC Energy Corp.'s Bison XPress expansion, enabling the project to begin full service. The startup adds roughly 300 MMcf/d (300,000 Dth/d) of incremental natural‑gas takeaway capacity from the gas‑rich Bakken Shale. By routing the new flow toward the Cheyenne...
LNG Canada Nearing Full Capacity as Iran War Squeezes Global Supply
LNG Canada is set to operate at full capacity in April, loading about 15 cargoes per month. The plant’s 14.6 mtpa output will primarily serve Asian buyers as global LNG supplies tighten due to the Iran conflict. Rising demand for North...
Futures Settle: Hints of New Demand Trump War Fallout, Boosting Nymex Natural Gas
Natural‑gas futures on the NYMEX held a tight range Friday but edged higher as traders sensed a modest lift in near‑term demand. The front‑month contract gained momentum after reports of President Trump’s peace overtures, which eased geopolitical concerns tied to...
Venture Global Secures Pre-Filing Waiver for CP2 Phase 3 Buildout
Venture Global received a pre‑filing waiver from the Federal Energy Regulatory Commission for the third phase of its Calcasieu Pass (CP2) LNG expansion. The waiver eliminates the need to submit a formal pre‑filing application, potentially shaving months off the project's...
California Natural Gas Prices Collapse to Historic Lows Amid ‘Perfect Storm’ of Oversupply
California’s PG&E Citygate natural gas cash price plunged to a historic $1.165 per MMBtu, the lowest level in 25 years, as a three‑basin supply glut erased the premium built earlier in the year. The Henry Hub winter 2026/27 strip fell...
U.S. Natural Gas Exports Surge as LNG Buildout, Mexico Pipeline Demand Grow
U.S. natural gas exports are projected to reach 20.5 billion cubic feet per day by 2027, driven primarily by new liquefied natural gas (LNG) capacity coming online. Pipeline shipments to Mexico are also rising as the neighboring country’s power sector increasingly...
Chile Weighs LNG Export Hub Role for Argentine Natural Gas
Chile’s new Energy Minister Ximena Rincón announced that the country is evaluating a Pacific‑coast LNG export hub to ship Argentina’s growing natural‑gas output to Asian and global markets. Argentine shale fields, especially the Neuquén basin and Vaca Muerta, are seeing production...
European Utility Expects New U.S. LNG Supply to Soften Blow of Qatari Outage
Italian utility Edison SpA announced it has secured seven LNG cargoes from the United States to compensate for a shortfall caused by QatarEnergy’s force‑majeure declaration. The outage follows Qatar’s shutdown of super‑chilled LNG production amid Middle‑East conflict. Edison’s CEO Nicola Monti cited...
Golden Pass LNG Hits First Production, Adding Demand to Gulf Coast Natural Gas Price Hubs
Golden Pass LNG in Texas announced its first commercial LNG cargo from Train 1. The startup adds roughly 2.5 billion cubic feet per day of feed‑gas demand to the Gulf Coast, tightening regional supply. The added demand is expected to lift the...
Golden Triangle Natural Gas Storage Gets Green Light to Expand to 60 Bcf-Plus
The Federal Energy Regulatory Commission approved Golden Triangle Storage LLC’s request to add 30 billion cubic feet (Bcf) of natural‑gas capacity at its Beaumont, Texas salt‑dome complex, pushing total storage above 60 Bcf. The expansion will be completed by the end of...
Lower Natural Gas Prices Lift U.S. Power Burn as Texas, Rockies Flip to Growth Mode
Natural gas‑fired power generation rose 7% year‑over‑year in March, bringing total output back to 2025 levels. The rebound was driven by a sharp decline in natural gas prices, which restored the fuel's cost competitiveness despite the mildest March weather in...
Futures Settle: Natural Gas Prices Gain as War Risks Offset Mildest March in 14 Years
Natural gas futures rose on Wednesday after earlier declines, driven by heightened geopolitical risk following Tehran's rejection of a U.S. peace proposal. The market also absorbed bullish signals from rising LNG feed‑gas demand and expectations of tighter storage balances. Despite...
Venture Global Plans to Pursue More Short-Term Supply Deals as LNG Output Grows
Venture Global Inc. announced a short‑term contract to supply Vitol Inc. with 1.5 million tonnes per year of LNG starting in 2026. The agreement ties pricing to the Henry Hub natural‑gas index, offering a market‑linked price mechanism. Venture Global said the...