US energy report forecasts falling natural gas output in first half of 2024 before 2025 record surge led by LNG
The US government’s short-term energy report for May forecasts falling first-half 2024 dry natural gas production while liquefied natural gas exports are set to rise in 2025, along with the benchmark Henry Hub gas price.
US forecasts increase in LNG exports this year and a surge in 2025 as new liquefaction plants come on stream
The US Government expects the nation’s liquefied natural gas exports to increase in 2024 and to surge in 2025 as projects currently under construction start to come on stream.
ICE’s energy markets hit record open interest in late June for natural gas and oil futures and options
Intercontinental Exchange, the leading global provider of energy trading platforms for futures and options, reported record Open Interest including European natural gas and oil contracts amid further development of US Midland oil and the Brent crude basket.
US energy forecasts natural gas price rise in months ahead and in crude oil even amid record gas output
The United States forecasts an increase in natural gas prices for the summer months of 2023 due to inventories narrowing the surplus to the five-year storage average, though would be much lower than last year’s price of almost $8.00 per million British thermal units in some quarters.
EU energy regulators have plan to issue their own LNG price assessment from March to replace Dutch TTF
The European Union Agency for the Cooperation of Energy Regulators (ACER) said it planned to publish its own price assessment for LNG in Europe to replace the Dutch Title Transfer Facility (TTF) market price in a move seen as seizing control of prices and interfering with free markets.
Intercontinental Exchange reports surge in natural gas derivatives volumes linked to LNG demand
Intercontinental Exchange, the leading global provider of energy trading platforms for futures and options, has issued natural gas and oil trading volumes and related statistics for December contracts and those for other periods of 2022 when there was a jump in derivatives for gas and interest rates in the fourth quarter and the full year.
US forecasts high natural gas prices on winter demand and LNG exports as New England power bills surge
The US Government forecasts a rise in natural gas prices as a result of both higher winter demand and rising LNG exports while the Freeport LNG plant was seen ramping-up in the coming months to reach full capacity by March 2023 after going on stream later.
US forecasts further rise in LNG exports in 2023 while Henry Hub price falls but heating oil bills will soar
The US Government has reduced its previous benchmark Henry Hub price forecast my over $1 per million British thermal units while LNG exports are set to rise and American consumers will pay 45 percent more for their winter heating oil compared with last winter.
US energy outlook forecasts LNG exports will rise 16 percent in 2022 with demand and new capacity
The United States Government expects high levels of US LNG exports to continue into 2022, averaging 11.3 billion cubic feet per day for the year, a 16 percent increase from 2021 as new production comes on stream.
Cargo liftings rise while Asian and European prices lose steam amid Covid-19 curbs at Chinese LNG hubs
Liftings of liquefied natural gas cargoes increased while North Asian spot futures prices slumped by between 15 percent and 30 percent for March and April deliveries as major Chinese LNG importing hubs, Tianjin and Dalian, imposed strict Covid-19 curbs while European benchmarks also dropped.
