Natural Gas Futures Deepen Declines as Forecasts Cool Down Further — MidDay Market Snapshot
As weather forecasts trimmed more demand from the mid-August outlook, natural gas futures continued to move lower through midday trading Wednesday.
As weather forecasts trimmed more demand from the mid-August outlook, natural gas futures continued to move lower through midday trading Wednesday.
September natural gas futures were trading higher through midday Tuesday, supported by soaring summer temperatures and Chesapeake Energy Corp. holding the line on production cuts.
August natural gas futures fell below key support through midday trading Monday as weather forecasts trimmed demand outlooks and Lower 48 gas output rose to a new three-month high.
A roundup of news and commentary from NGI’s LNG Insight
A roundup of news and commentary from NGI’s LNG Insight
Feed gas deliveries to Cheniere Energy Inc.’s Sabine Pass liquefied natural gas (LNG) terminal ramped up over the holiday weekend and were at nearly 1.5 Bcf on Tuesday, pushing U.S. export demand to levels not seen since before Hurricane Laura made landfall Aug. 27.
Four days after Hurricane Laura made landfall near Lake Charles, LA, both Cheniere Energy Inc. and Sempra Energy reported minimal damage at the Cameron and Sabine Pass LNG terminals.
Natural gas forward prices experienced yet another surge in the week before Hurricane Laura, a Category 4 storm packing 150 mph winds, made landfall, according to NGI’s Forward Look.