Nat Gas

EIA reported a 108 Bcf injection for the week ended June 5, exceeding estimates and lifting Lower 48 stocks to 2,686 Bcf (151 Bcf above five-year average). July futures fell sharply to around $3.089/MMBtu midday despite power burn topping 43 Bcf/d and LNG feedgas exceeding 18 Bcf/d. The build signals ample near-term supply amid rising summer demand. Read →

Henry Hub spot prices averaged $2.94/MMBtu in May and futures moved higher with warmer temperatures boosting power-sector demand. EIA's Short-Term Energy Outlook projects summer domestic demand up 2.3% year-over-year to 76.7 Bcf/d average. Production growth remains strong at +2.6% year-over-year for the latest week. Read →

Working gas in Lower 48 storage reached 2,686 Bcf after a 108 Bcf net injection, 5 Bcf below year-ago levels but 151 Bcf above the five-year average. The build came amid early summer conditions with regional gains led by the Midwest and East. Inventories position the market for continued injections into peak cooling season. Read →

JERA took delivery of its inaugural Barossa-project LNG cargo via the Sohshu Maru at the Futtsu terminal on June 12. The cargo comes from Santos-operated Barossa gas processed at Darwin LNG, replacing Bayu-Undan supply. It marks the start of regular offtake for JERA's 12.5% equity share and supports Japan's supply security. Read →

Latvenergo secured a package of roughly 1 TWh annual regasification rights at Lithuania's Klaipeda LNG terminal. The volume equals one standard LNG cargo and runs long-term through the 2030s. It was part of a broader allocation where five firms booked 71% of offered capacity. Read →

The Philippines Department of Energy said the Malampaya project will shut from June 15 to July 15 for scheduled maintenance. Gas supply to power plants will halt, forcing switches to alternative fuels. The DOE warned of tighter power reserves in Luzon during the period. Read →

Front-month July futures rose 4.5 cents or 1.4% to settle at $3.185/MMBtu on forecasts for hotter-than-normal weather boosting gas-fired power demand over the next two weeks. LNG feedgas flows fell to 16.5 bcfd in June from 17.1 bcfd in May due to spring maintenance at export plants, trimming export volumes. Lower US production narrowed the storage surplus to about 5.6% above normal. Read →

July futures snapped a three-day slide, bouncing as power burn topped 43 Bcf/d with early summer heat lifting electricity demand and spot prices. LNG feedgas deliveries recovered signs of life above 18 Bcf/d despite maintenance. The rebound built momentum ahead of Thursday's EIA storage report, with builds expected to trail the prior year's pace. Read →

A building heat wave drove Southeast cash prices to a 14-week high near $4/MMBtu, lifting the national average even as discounted Western Canadian and Permian supply weighed on some hubs. Rising temperatures increased cooling-related power demand for gas. The move highlights regional strength in physical markets despite broader futures volatility. Read →

Futures picked up on forecasts for warmer weather supporting demand while LNG exports faced maintenance constraints. Traders positioned ahead of the weekly EIA storage report expected to reflect modest builds. The moves underscore sensitivity to near-term weather and inventory trends in a market with ample overall supply. Read →

German utility Uniper signed a letter of interest with Ksi Lisims LNG for up to 2 million tonnes per annum of supply from the planned British Columbia project. The deal advances long-term diversification of Uniper’s LNG portfolio away from higher-risk sources. It supports Europe’s push for secure, lower-emission Atlantic basin LNG amid ongoing global supply constraints. Read →

European benchmark TTF natural gas futures reached 50.51 EUR/MWh on June 11, gaining more than 1% intraday. The move reflects sustained pressure from Middle East geopolitical risks and the need to rebuild storage inventories ahead of winter. Prices have risen over 8% in the past month and nearly 39% year-over-year. Read →

Northeast Asian LNG spot price JKM climbed to 18.92 USD per million British thermal units. The gain tracks firmer regional demand and competition for cargoes diverted from disrupted Middle East routes. JKM has increased more than 11% over the past month. Read →

Deutsche Energy Terminal confirmed Germany’s fifth floating storage and regasification unit will start operations in September. The addition expands regasification capacity to handle more spot and contracted LNG cargoes. It comes as Europe competes with Asia for flexible supplies amid tight global markets and storage refill targets. Read →

Transco Zone 4 cash prices widened their premium to Henry Hub amid rising power-burn and LNG feedgas demand in the Southeast. Hot weather forecasts are boosting electricity generation needs while LNG export facilities pull additional supply. The competition highlights tightening regional balances despite national storage surpluses. Read →

NYMEX natural gas futures recovered Tuesday morning after an early-week selloff, with bargain buyers stepping in. Physical prices for next-day delivery rose on mounting heat expected to drive power demand higher. Traders appear to view recent weakness as overdone amid supportive summer fundamentals. Read →

The upcoming EIA storage report is forecast to show an injection that trims the year-over-year surplus while widening the gap versus the five-year average. South Central region inventories flipped to a deficit in late May amid flat production and rising demand. Analysts expect the data to have nuanced effects on near-term pricing. Read →

Petronas will supply Japan's JERA with 2 million metric tons of LNG per year for 20 years starting 2028 under a new long-term agreement. The deal, announced by leaders of both countries, extends a decades-long partnership and supports Japan's efforts to secure Asian LNG supplies. It bolsters global LNG trade flows from Malaysia to Northeast Asia. Read →

Three explosions hit a 1,200 mm trunk gas pipeline in Kizilyurt, Dagestan, causing a fire that emergency crews contained. The incident on a key Russian domestic line was reported by TASS citing regional authorities. Any sustained disruption could affect regional gas supply reliability in the North Caucasus. Read →

U.S. Deputy Secretary of State Christopher Landau said Washington aims to release strategic energy reserves and increase LNG and LPG sales to ASEAN nations. The move supports regional energy security and diversification amid global supply pressures. It positions U.S. exports as a key alternative supplier for Southeast Asia. Read →

ADNOC upstream CEO Musabbeh Al Kaabi said the firm is assessing Canadian upstream and LNG opportunities through its international arm XRG. Comments came at the Global Energy Show in Calgary amid Canada's push for energy development. The interest signals potential new capital inflows into North American gas and LNG projects. Read →

Natural gas futures retreated for a second straight session Monday despite expectations of peak seasonal power burns this week. Shifting forecasts to cooler conditions in the eastern two-thirds of the US for mid-June reduced anticipated cooling demand. Resurgent renewable generation further weighed on gas-fired power needs, pressuring prices lower amid ample storage. Read →

July NYMEX natural gas futures extended losses midday Monday as weather models trended cooler, muting near-term power burn upside. Henry Hub cash prices rose on regional strength in the West offsetting Gulf Coast weakness tied to ongoing pipeline maintenance. LNG feedgas flows remained soft near two-week lows around 16.9 Bcf/d. Read →

Physical Henry Hub cash prices weakened Tuesday amid pipeline maintenance that cut LNG feedgas deliveries to a two-week low of 16.9 Bcf/d. Spot gains in the West were offset by declines in the Gulf Coast and Southeast. Traders noted all storage regions remain above five-year averages heading into stronger summer demand. Read →

The market reacted bearishly to cooler weather changes over the weekend despite short-term heat support. Lower-48 production ticked slightly higher while LNG demand held steady. Storage builds continue below average, with the prior EIA report showing a 95 Bcf injection versus 99 Bcf expected. Read →

Morgan Stanley forecasts the Asian JKM benchmark rising to $25/MMBtu in Q3-Q4, more than 30% above the forward curve and last seen in early 2023. Hotter Asian weather and European inventory rebuilding are the key demand drivers. The outlook signals upside risks for global LNG prices amid supply constraints. Read →

The Al Daayen tanker, loaded at Ras Laffan on June 1, transited eastbound toward China per Kpler and LSEG tracking. This marks the fifth Qatari-controlled loaded exit and ninth overall since the Iran conflict began. A ballast ADNOC tanker also re-entered the strait, showing limited but ongoing traffic through the key LNG route. Read →

Adani Ports' subsidiary Adani Harbour International FZCO, in consortium with Meridian Group, secured the contract from Southern Energy S.A. via global tender. It covers marine services for Argentina's inaugural LNG export facility, marking Adani's South America entry. The deal expands Indian involvement in emerging LNG supply chains. Read →

Sempra Infrastructure announced first LNG production at the Ensenada facility as part of commissioning. Substantial completion is targeted for summer 2026, with commercial operations and long-term SPA sales to follow. The project adds new North American LNG export capacity to global markets. Read →

Sempra Infrastructure’s Energía Costa Azul LNG project in Baja California reached first LNG production during commissioning. The milestone adds new export capacity on Mexico’s Pacific coast, increasing demand for Permian Basin gas via pipelines. It supports higher US exports and regional flows as commercial operations near in summer 2026. Read →

US South Central natural gas storage flipped into deficit territory for the week ending May 29. Flat production combined with rising demand creates tighter conditions that could support prices in coming weeks. The shift highlights emerging regional supply tightness ahead of peak summer cooling loads. Read →

Lower 48 natural gas power burn hit near 40 Bcf/d on multiple May days, a level typically seen later in summer. The early strength raises the possibility of a structurally higher demand floor this season. Sustained hot weather would further lift gas-fired generation needs. Read →

US natural gas futures fell about 2% to around $3.255/MMBtu, pulling back after reaching a 16-week high. Average flows to major LNG export terminals dropped to 16.4 bcfd in early June from 17.1 bcfd in May due to seasonal maintenance. Above-normal temperatures through mid-June continue to support power-sector demand despite ample inventories. Read →

Delfin Midstream took a $5 billion final investment decision for Delfin FLNG 1, the first floating LNG facility in the US and largest globally, with 4.4 million tonnes per year capacity off Louisiana. The project, delayed by a pipeline explosion, secured backing from Global Infrastructure Partners (BlackRock), Mitsui O.S.K. Lines, Vitol and Diameter Capital, backed by long-term offtake deals. First production is slated for 2030, with plans for two more vessels. Read →

Singapore's Energy Market Authority secured enough replacement LNG cargoes from Australia, the US and Africa to cover Qatar supply losses through year-end, meeting 100% of needs. Qatar had supplied 10% of Singapore's power-generation gas. The city-state can resell excess if Qatari output resumes and seeks further diversified purchases. Read →

Centrica signed a 10-year deal for 50,000 MMBtu per day of Canadian natural gas starting 2029, equivalent to about five LNG cargoes annually, priced against Europe's TTF benchmark. The contract at AECO hub gives Peyto long-term exposure to LNG-linked pricing and helps Centrica optimize its global LNG portfolio. Read →

Offshore Alliance unions will escalate four-hour stoppages at Inpex's Ichthys LNG facilities in Australia to eight hours daily plus work bans starting Thursday over wages and conditions. Ichthys represents about 10% of Australia's LNG exports; the site is a key supplier amid global disruptions. Read →

Nymex July natural gas settled down 3.2% at $3.229/MMBtu after profit-taking on cooler near-term forecasts. A below-average 92 Bcf storage injection last week narrowed the surplus to 144 Bcf above the five-year average, providing some support but not enough to hold gains. Traders cited moderating demand signals and seasonal LNG maintenance as the key drivers for the weekly 1.9% loss. Read →

Nymex July gas added to prior gains and settled up 6.1% at $3.285/MMBtu on a 92 Bcf injection that missed the 96 Bcf WSJ analyst consensus and five-year average. Inventories reached 2,483 Bcf, trimming the surplus versus the prior week. Analysts noted the market's outsized reaction to the modest miss amid bullish positioning. Read →

Front-month futures fell 0.4% to $3.167/MMBtu as average flows to nine major US LNG plants dropped to 16.0 bcfd in early June from 17.1 bcfd in May. Maintenance at Golden Pass and Freeport LNG drove the decline from April's 18.8 bcfd record. Milder weather supported storage builds while warmer June forecasts were expected to lift power-sector demand. Read →

The total US oil and gas rig count rose by one to 563, its highest since May 2025. Oil rigs increased by two to 431 while gas rigs fell by one to 124. EIA data cited in the report project Lower 48 gas output rising to 110.6 bcfd in 2026 from 107.7 bcfd in 2025 despite softer Henry Hub prices. Read →

Nymex natural gas settled down 3.2% at $3.229/MMBtu after advancing prior sessions on hotter weather forecasts. A below-average storage injection and South Central regional tightening provided support despite the pullback. LNG export flows remain a floor but maintenance at facilities weighed on sentiment. Read →

Serbia confirmed a three-month gas supply extension from Gazprom until late September. Energy Minister Dubravka Djedovic Handanovic highlighted stable, affordable deliveries covering up to 90% of needs. The deal follows prior extensions and efforts to diversify with Azerbaijan and Greek LNG. Read →

Eskom signed a long-term LNG supply agreement with Zululand Energy Terminal for its stalled 3,000 MW Richards Bay gas-fired project. The deal grants open access to South Africa's first LNG import terminal infrastructure. It supports the country's pivot to gas as a transitional fuel targeting 6,000 MW by decade's end. Read →

Sempra Infrastructure announced first LNG production at the ECA Phase 1 project in Ensenada, Mexico, during commissioning. The 3.25 Mt/y facility, a JV with TotalEnergies, targets substantial completion this summer and commercial operations with offtakes to TotalEnergies and Mitsui. It marks Mexico's first large-scale Pacific Coast LNG export. Read →