Updated Aug 22, 2024
8/22/24
Market turmoil amid geopolitical standoffs and global inflation is forecast to result in “significantly lower” LNG trading results for the third quarter, Shell plc said Thursday.
As the relentless march higher for natural gas prices finally began to show signs of slowing down, forwards prices recorded discounts throughout the Lower 48 during the April 14-20 trading period, NGI’s Forward Look data show.
Intercontinental Exchange Inc. (ICE) has reported fresh records for Asian natural gas futures in August, with Japan-Korea Marker (JKM) volumes surpassing 100,000 lots traded during the month.
Mexico’s CFEinteranacional (CFEi) transacted 3.79 Bcf/d of natural gas during the second quarter, up 23% year/year, according to the latest NGI Top North American Natural Gas Marketers rankings.
Southern Company, among the largest U.S. electric and natural gas distribution companies, said Thursday it had signed a deal to sell Sequent Energy Management, its wholesale gas trading and services business, in a move to reduce risk.