Market Watch

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May gas futures jumped 16.1¢ Monday to $2.275 per million Btu as forecasts turned colder and LNG feedgas demand set an all-time high of 14.85 billion cubic feet per day over the weekend. Gelber & Associates analysts said Northeast US temperatures are forecast to fall to 60% to 70% below normal from Apr. 24-30. “Despite the shoulder season, the market is closely watching any indication of a strong pricing trend,” the analysts said.

Gas Demand, Gas Inventories, Gas Supply, Gas Prices, Gas Pipelines
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Heightened gas market volatility and uncertainty in the wake of the Ukraine War has reinforced the major's preference for LNG offtake agreements and backfill projects over equity developments.
Tue, Sep 26, 2023
Turkey's natural gas demand struggles due to a lingering economic crisis while the country prepares to become a major exporter.
Tue, Sep 26, 2023