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Strong Exports, Persisting Chill Drive Modest Gains for Natural Gas Forward Prices

Strong Exports, Persisting Chill Drive Modest Gains for Natural Gas Forward Prices Lingering cold weather and strong export demand fueled a modest rebound for natural gas forward prices across North America during the trading period from April 15-21, according to NGI’s Forward Look. Falling prices on the U.S. East Coast, however, brought the overall average down at the front of the curve, while more notable gains were seen for the upcoming winter. May prices rose an average of only 1.0 cent for the period ending Wednesday, coming in a couple of cents shy of increases at the Henry Hub. Gains throughout the rest of the curve were more closely aligned with the benchmark, where the balance of summer (May-October) was up 4.0 cents to around $2.820, and the winter strip (November 2021-March 2022) climbed 6.0 cents on average,

European, Asian Natural Gas Prices Rally as Market Continues Tightening - LNG Recap

Natural gas prices in Europe and Asia are moving higher as the market has continued to tighten in a trend that’s setting the stage for a  bullish summer for liquefied natural gas (LNG) exports.  Both the prompt Title Transfer Facility (TTF) and National Balancing Point contracts jumped above $7/MMBtu last week, while Japan-Korea Marker (JKM) futures shot above $8. The strength has spilled into this week as buying remains strong in both regions. All three benchmarks closed higher on Monday and Tuesday.   “The writing is on the wall, the global gas market is incredibly tight right now, and we don’t see this reversing course anytime soon,” said analysts at Tudor, Pickering, Holt & Co (TPH). 

European Demand Driving U S LNG Exports - LNG Recap - Natural Gas Intelligence

Feed gas deliveries to U.S. liquefied natural gas (LNG) export terminals have been near capacity, flowing at almost 12 Bcf each day over the last week. The European natural gas market is helping drive U.S. export demand. Prices on the continent closed higher last week. The Dutch Title Transfer Facility finished at $6.620/MMBtu and the UK’s National Balancing Point settled at $6.531 ahead of the Good Friday holiday.  European markets were closed for Easter Monday, but colder weather late last week along with strong natural gas demand being created by the need to replenish depleted storage stocks pushed prices higher. 

Nymex Natural Gas Futures Crumble on Warming April Forecast; Cash Weakens Further

Nymex Natural Gas Futures Crumble on Warming April Forecast; Cash Weakens Further
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