Natural Gas May '22 (NGK22)
Natural Gas Futures Market News and Commentary
August Nymex natural gas (NGQ26) on Tuesday closed up +0.094 (+2.96%).
Nat-gas prices recovered from a 1.5-week low on Tuesday and settled sharply higher. Above-normal US temperatures and increased US LNG exports pushed nat-gas prices higher on Tuesday.  The Commodity Weather Group on Tuesday said forecasts remained hot, with above-average temperatures expected across the eastern half of the US through July 4, potentially boosting nat-gas demand from electricity providers to power air-conditioning.
Strength in US LNG exports is shrinking domestic supplies and is also bullish for prices. BNEF gas data showed estimated gas flows to LNG export terminals on Tuesday rose to 19.7 bcf/day, the most in more than two months.Â
US (lower-48) dry gas production on Tuesday was 112.2 bcf/day (+2.9% y/y), according to BNEF. Lower-48 state gas demand on Tuesday was 79.4 bcf/day (+3.4% y/y), according to BNEF. Estimated LNG net flows to US LNG export terminals on Tuesday were 19... Read more
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