Free Trial
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
NATGAS
Ample US natural gas supplies are weighing on prices in the near term but expected LNG export increases are giving support to longer dated contracts. Front month Henry Hub has fallen from nearly 4.5$/mmbtu at the start of the year to around 2.1$/mmbtu. Steady production, a warm winter and curtail LNG exports have all helped build storage levels and push near term prices lower.
- Longer term prices however are more supported with summer 2025 and 2026 trading at a premium to summer 2023 with prices up around 4$/mmbtu.
- New LNG exports projects are expected to begin operations and boost export demand from around the end of 2024 including Golden Pass in late 2024, Venture Global LNG's Plaquemines Phase 1 in 2024-2026, and Cheniere Energy’s Corpus Christi plant in Texas in 2025.
- Other planned projects which could start in 2026 or 2027 are Sempra Energy's Port Arthur, Energy Transfer’s Lake Charles and NextDecade Corp's Rio Grande.
- US Natgas APR 23 down -4.6% at 2.12$/mmbtu
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok