Updated Sep 25, 2024
9/25/24
The coming winter is expected to bring higher average natural gas prices into 2025 that help stabilize production, but the supply and demand balance could still be fragile, especially for regional markets such as the Midwest.
Natural gas forward prices strengthened at the front of the curve over the Sept. 5-11 trading period as traders baked in crisp autumn air taking hold in the Northeast and a massive new pipeline relieving trapped supply in the Permian Basin.
Industrial giant Methanex Corp. agreed Monday to bolster its global natural gas-dependent business with a $2.05 billion cash-and-stock transaction for Amsterdam’s OCI Global.
Natural gas forward prices firmed up at the front of the curve, with some of the biggest moves in Texas upstream and downstream of a massive new pipeline in the early stages of startup, NGI’s Forward Look data show.
Modest and directionally mixed forward prices during the July 18-24 trading period hinted at impending strength in natural gas markets amidst ongoing supply concerns and changing weather patterns.
As U.S. LNG exporters race to be the next project built on the Gulf Coast, natural gas demand is forecast to soar through the decade, causing near-term supply and infrastructure constraints throughout the market.
Natural gas forward market trading was choppy at the front of the curve for the trading period ending July 28. Heat was forecast to ease in the near term, dragging down summer prices by more than 20 cents in the Northeast, according to NGI’s Forward Look.
Intercontinental Exchange Inc. (ICE) is extending the forward curve for Dutch Title Transfer Facility (TTF) natural gas futures by more than 18 months following record levels of interest and strong trading activity.
Small price gains were seen along U.S. natural gas forward curves for the Jan. 7-13 period, but they did not tell the whole story. Volatility was in full swing as weather models continued to tease the market with signals that truly frigid winter weather may loom. February prices averaged 5.0 cents higher for the period, while the balance of winter averaged 4.0 cents higher, according to NGI’s Forward Look.