global-hydrogen-hub global-hydrogen-hub global-hydrogen-hub
Global LNG Hub Logo
No Result
View All Result
  • Login
  • Premium Content
  • Blog
  • Events
  • Industry Links
    • LNG Industry Association
    • LNG Market Advisors
    • Government Body
    • LNG Market Information
    • LNG Legal Advisors
    • LNG Research Institute
    • LNG Training & Education
  • Other Hubs
    • GLOBAL MARITIME HUB
    • EUROPEAN GAS HUB
    • THE COAL HUB
    • GLOBAL HYDROGEN HUB
    • GLOBAL MINERALS HUB
  • FREE TRIAL
  • My account
  • Login
Cart / €0.00

No products in the cart.

  • Premium Content
  • Blog
  • Events
  • Industry Links
    • LNG Industry Association
    • LNG Market Advisors
    • Government Body
    • LNG Market Information
    • LNG Legal Advisors
    • LNG Research Institute
    • LNG Training & Education
  • Other Hubs
    • GLOBAL MARITIME HUB
    • EUROPEAN GAS HUB
    • THE COAL HUB
    • GLOBAL HYDROGEN HUB
    • GLOBAL MINERALS HUB
  • FREE TRIAL
  • My account
  • Login
Global LNG Hub
No Result
View All Result
Home Infrastructure

September’s contract trades near $7.72/MMBtu

Editor by Editor
3 years ago
Reading Time: 2 mins read
Share on FacebookShare on TwitterShare on Linkedin

Even with fluctuations in the near-term temperature outlook, the general temperature pattern over the course of the 15-day outlook is supportive of ramped-up natural gas cooling demand.

RELATED POSTS

LNG-prices

Weekly review of natural gas and LNG prices

1 day ago
global-LNG-supply-growth

Global LNG supply growth is set to accelerate in 2026

2 days ago
LNG-Prices

Weekly review of natural gas and LNG prices

1 week ago

The current gas weighted degree days (GWDDs) for the period of August 2-15 is the second most for the period in the last five years, even when accounting for the potential cool down in temperatures at the end of the first week of August.

When taking into consideration the continuation of hot summer temperatures combined with a storage deficit versus the five-year average that is just south of 350 Bcf, it doesn’t take much to spark a buying spree.

As was witnessed yesterday, the timing of the rally in prices, which climbed to an intraday high of $8.298/MMBtu, appeared to be based on a news blip that the Freeport LNG will be coming back online in October.

While this wasn’t exactly new news to the market, what the blip failed to mention is that if the LNG facility comes back in October it is slated to only be partially operational, processing a much smaller percentage of daily volumes compared to volumes prior to the early June outage.

With all of this in mind, it seems that NYMEX front-month gas futures priced at $8.30/MMBtu (or higher) for the month of September is excessive.

This is particularly the case when taking into consideration that dry gas production is wobbling at record highs near 97.5 Bcf/d and looks to see even more growth in the relative near-term with some modeling that suggests volumes will surpass 98 Bcf/d in the weeks ahead.

This coupled with a seasonal transition in temperatures to cooler conditions as the calendar presses forward will only create larger weekly storage builds in the relative near-term, all of which is not bullish for prices.

Until the summer heat relents, it seems that the market would be more appropriately priced in the $7.00/MMBtu to $7.50/MMBtu area, which is a price area that has been seen in the past when similar weather, storage, and supply/demand fundamentals were in play.

Source: Gelber and Associates

Tags: Freeport LNGGelber and AssociatesLNG demandU.S LNG exports
Editor

Editor

Related Posts

LNG-prices
LNG Contracts & Pricing

Weekly review of natural gas and LNG prices

1 day ago
global-LNG-supply-growth
LNG Supply

Global LNG supply growth is set to accelerate in 2026

2 days ago
LNG-Prices
LNG Contracts & Pricing

Weekly review of natural gas and LNG prices

1 week ago
TTF-JKM-correlation
LNG Contracts & Pricing

TTF-JKM correlation hit record levels in the first half of 2025

1 week ago
Plaquemines LNG
LNG Contracts & Pricing

European LNG imports surge by a staggering 40%

2 weeks ago
LNG-prices
LNG Contracts & Pricing

Review of natural gas and LNG prices

2 weeks ago

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

No Result
View All Result

Trending Posts

Asian-LNG-buyers

Asian LNG buyers are most exposed to Strait of Hormuz crisis

June 24, 2025
risk-premium-LNG

All eyes on LNG demand as gas prices recede

June 30, 2025
TTF-JKM-correlation

TTF-JKM correlation hit record levels in the first half of 2025

July 9, 2025

Recent Post

LNG-prices

Weekly review of natural gas and LNG prices

July 16, 2025
global-LNG-supply-growth

Global LNG supply growth is set to accelerate in 2026

July 16, 2025
LNG-shipping

LNG shipping rates remain elevated despite the recent de-escalation of tensions in Iran

July 10, 2025
LNG-Prices

Weekly review of natural gas and LNG prices

July 9, 2025
TTF-JKM-correlation

TTF-JKM correlation hit record levels in the first half of 2025

July 9, 2025
Plaquemines LNG

European LNG imports surge by a staggering 40%

July 3, 2025
LNG-HUB-Logo

Online platform for sharing analysis and information on Global and regional LNG markets. Weekly newsletter each Wednesday more info

Categories

  • Asian LNG
  • Australian LNG
  • European LNG
  • Global LNG
  • LNG Africa
  • LNG Bunkering
  • LNG Latin America
  • LNG North America
  • LNG Projects
  • LNG Trade and Pricing
  • Middle East LNG
  • Small Scale LNG
  • FLNG

Recent Posts

Weekly review of natural gas and LNG prices

Global LNG supply growth is set to accelerate in 2026

LNG shipping rates remain elevated despite the recent de-escalation of tensions in Iran

Energise your Wednesday!

Sign up to receive our weekly newsletter with new LNG market reports, presentations & analysis. Every Wednesday!

Your subscription could not be saved. Please try again.
Your subscription has been successful.

By signing up, I agree to our TOS and Privacy Policy.

© 2020 GlobalLngHub | All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Premium Content
  • Blog
  • Events
  • Industry Links
    • LNG Industry Association
    • LNG Market Advisors
    • Government Body
    • LNG Market Information
    • LNG Legal Advisors
    • LNG Research Institute
    • LNG Training & Education
  • Other Hubs
    • GLOBAL MARITIME HUB
    • EUROPEAN GAS HUB
    • THE COAL HUB
    • GLOBAL HYDROGEN HUB
    • GLOBAL MINERALS HUB
  • FREE TRIAL
  • My account
  • Login

© 2020 GlobalLngHub | All Rights Reserved

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.