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sh.....would think that would depend on tankers lined up to be sent over seas.....etc .....
that puts a new twist in this and next year storage levels
thought I read some where they were storing about 3,500 to 4k will be normal storage rates
cc
sh.....I have all but discounted SA as they are wishey washey
flip flop on issues
this week they are pro
next wee
they are negative PR's
last news they were negative ng went posative
go figure
cc
probably good idea
wouldn't be supprized if fallz back to low 11.20'z
2.50 needs hold
cc
agreed the cost of natural gas in the USA is by far cheaper to use than that in China
edit....question.....does that mean manufacturing will swing towards the US....????
will we be able to be a manufacturer in the near future....????
Trump says he is trying to bring over seas $$$$$$$ back to the USA.....manufacturing $$$$$$ would be interesting
in China coal is cheaper and they will have to invest lots of $$$$$$$ to convert to natural gas....just like India
can be done ....will take a while to do it
as well as in India
read the entire EIA report on their web site......very interesting read
believe I have it on one of those pages
best of luck
cc
Unlike Japan, China and India are developing countries with huge populations. They also have large projected future energy demand and infrastructure investment needs. Looking to 2025, for example, China and India account for 53 percent of the increase in global energy demand. At present, gas is a relatively small part of their energy use—5 percent each for China and India. By contrast, the share of gas in energy demand is around 28 percent in the United States and around 25 percent in Europe.
China primarily uses coal for energy not natural gas.
Asia-Pacific, which is projected to account for over two-thirds of global energy demand through 2025.
A potential uptick in Asian demand and resultant shifts in global flows. In the baseline scenario, one-third of the increase in LNG trade would come
from a thirty-fold increase in U.S. LNG exports, which would be destined for Europe, India, Japan, and South Korea.
America’s gas prospects. On the demand side, China emerged as a significant consumer of gas rapidly, with demand increasing from 28 bcm to 188 bcm between 2000 and 2014, before the recent slowdown that threatens global gas market stability. A similar increase in gas demand from the Asia-Pacific, which is projected to account for over two-thirds of global energy demand through 2025.
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coal is their major player NOT ....LNG
they like Japan and most Asian energy users will have to convert to LNG to use LNG in their plants....this costs money $$$$$$$$$$
currently China primarily use coal not lng
Japan primary usage is nuclear from what I have read
Trump is trying to get them to convert to LNG....see if he succedes or not
cc
yah....know what u mean
it looks ugly from here
UGAZ.......
7.60 ish
5.08 ish
/ng.....
2.84
/ng.....trying to turn
some one moved over 6k contracts
cc
you are missing a major point....as indicated in the posts
differance between la. hub prices and their price is freight charges....from indications I'm getting
by the time it gets there we are higher....at these prices....from news/PR's I'm reading
good luck 2 u
cc
good luck
cc
not good idea.....broken chart
see......2.7 ish....next level
look back over my posts
from what can tell
our prices are tooooo high compared to other sellers like Russia...Africa....Australia....etc
our /ng prices need to be lower in order to sell our lng out of Louisiana plant
were good for Europe....but other parts of world we are pricey
cc
see....7.54 next support level
cc
don't believe I posted it
2.80 could be next low
have 2.863 as support on my chart
broke tru it......was tying to indicated from morning post it could drop from this mornings lows
DGAZ board they were saying was headed upward bound
sorry been busy with const. bus.
trying to order new computer....HP....business computer....14 inch screen
believe is what I want
this one sucks
using TOS.......differant time frames
am now looking back tru DGAZ....UGAZ....and..../ng charts to find which way headed
they are being very sneaky with direction
gotta stay up with market to find direction
what works today....something else works tomorrow
stay agile in this climate of trading
fricking MM's stay nimble.....u gatta stay ahead of the curve
cc
they just moved 244 contracts and dropped from 2.992 to 2.985
believe it drops to 2.958 ish
this needs to hold
breaks below 2.958 ish appears to have broken below upward channel
sold 1600 contracts and dropped from 2.992 to 2.957
cc
they just moved 244 contracts and dropped from 2.992 to 2.985
believe it drops to 2.958 ish
this needs to hold
breaks below 2.958 ish appears to have broken below upward channel
cc
come on sucker drop
i'tzzzzzzzz gonna have to break out here
still in downward movement
TOS=2.984 and investing=2.982 giving 2 differant closing numbers
cc
ng moving on low volume
sell off EOD....????????
edit....could have hit resistance at or near top end
support area......2.95.....???????
shall see......low volume movement
cc
closed 2.95 now 2.995
now reversing
could form reverse H & S
who knows 4 sure how this will turn out.....Asian market trading
edit
2.97 needs hold
cc
appears should have bought yesterdays low
cc
thanks.....u tooooo
I will wait this one out till turns
family will be together tomorrow....what counts
Wend will be working installing an alum canopy
have a happy 4th my friend
cc
ng.....still appears to be in downward motion
ng.....could get pop from here.....2.90 may be support level
see if holds
see what Asia does
cc
took my profit.....have my grandson here
will be out for rest of day
happy trading
been listening to Roger Miller.....Kenny Rogers
what a hoooooooooooooot Miller is....lol
cc
took my profit
probably should have held little longer
may come down little more for another stab at it
cc
here comes hard part.....break tru all that noise
could have to sea saw....rinse n wash to get tru
shall see how she does
edit....wonder if we see 3.20
cc
right at the channel line
might would wait for confirmation
to make sure has not broken tru support
see if goes side ways for a bit....????
edit.....always good to be cautious.....called conservation of capital
back to ng
MM's may have made traders say uncle
this drop could have done it
edit....nice run going on
cc
need to break 3.00
2.987 bottom of channel
cc
fricking NOAA crazy weather maps..... just changed
was hot this week and next.....cant even get it right
now showing 6 to 10 day outlook
below normal temps this week all along East Coast
http://www.cpc.ncep.noaa.gov/products/predictions/610day/index.php
8 to 14 day outlook
neutral to 40% below normal temps
http://www.cpc.ncep.noaa.gov/products/predictions/814day/index.php
wish Florida would be cooler than normal
will be there week of 17th....all week
cc
appears what used to work
even the talking heads scratching their heads
those in the know of how to read a chart got it wrong for week of July 1st
maybe it will head upward bound
the only thing I can think of is we will have to compete with foreign lng suppliers and we could be a little high right now
Russia...in order to sell to China we are gonna have to bring our prices down....shipping costs make it high....compared to Russia
We almost have a lock on Europe and South America.....Asia will be main consumer.....they are in manufacturing business and mostly use coal
they will have to convert over to lng.....will it be worth their while to convert.....Japan uses lots of nuclear energy....could be difficult converting them....Australia sells to them as well....we been selling lng to Japan for many years
cc
Yes it will and they will be competing with Russia for European natty sales
China will be tough sell as well
The price of natty will have to be low to compete with Russian natty
Not surprised at these prices
although thought should be headed little higher with opening
Shall see opening price in morning
cc
Future LNG usage for World....China....Asia....Europe
https://www.cfr.org/sites/default/files/report_pdf/Discussion_Paper_Cronshaw_Grafton_Hughes_Gas_in_Asia-Pacific_OR_1.pdf
https://www.iea.org/publications/freepublications/publication/PartnerCountrySeriesTheAsianQuestforLNGinaGlobalisingMarket.pdf
cc
Asia-Pacific, which is projected to account for over two-thirds of global energy demand through 2025.
A potential uptick in Asian demand and resultant shifts in global flows. In the baseline scenario, one-third of the increase in LNG trade would come
from a thirty-fold increase in U.S. LNG exports, which would be destined for Europe, India, Japan, and South Korea.
America’s gas prospects. On the demand side, China emerged as a significant consumer of gas rapidly, with demand increasing from 28 bcm to 188 bcm between 2000 and 2014, before the recent slowdown that threatens global gas market stability. A similar increase in gas demand from the Asia-Pacific, which is projected to account for over two-thirds of global energy demand through 2025.
Unlike Japan, China and India are developing countries with huge populations. They also have large projected future energy demand and infrastructure investment needs. Looking to 2025, for example, China and India account for 53 percent of the increase in global energy demand. At present, gas is a relatively small part of their energy use—5 percent each for China and India. By contrast, the share of gas in energy demand is around 28 percent in the United States and around 25 percent in Europe.
cc
Oversupply of LNG could cause reduced investment creating shortage of LNG in the near future
So far, this oversupply has caused gas prices to fall. As a result, the private sector has already begun scaling back on investments in infrastructure to produce, store, and transport gas. This trend is
reminiscent of the oil market in the 1990s, when low prices dissuaded companies from investing in new sources of production. By the 2000s, demand outpaced supply and oil prices rose relentlessly for a decade. A similar boom-bust cycle could be on the horizon for the gas market. Low gas prices are deterring upstream producers from exploration, and globally, new investments in infrastructure to export LNG halted in 2016. Whereas the current oversupply is the result of decisions made
over the last decade to invest in gas production and infrastructure, falling investment flows today could send the market into a shortage within the next decade, resulting in increasing prices as
boom turns to bust
Consistent with the IEA data from which the baseline scenario is derived, the model predicts that demand for natural gas will increase from 3,500 bcm in 2014 to 4,100 bcm in 2025
cc
Trade in LNG represents the remaining 32 percent of
traded gas.18 Australia, Malaysia, and Qatar account for 53 percent of LNG exports, and China,
Japan, and South Korea account for 56 percent of imports.19 Overall, trade in gas is projected to
grow 45 percent by 2026, with LNG accounting for two-thirds of this growth, fueled by an almost
60 percent surge in global LNG supply over the next decade.20
In the Asia-Pacific, where 38 percent of gas is imported via long-distance LNG shipping,
This market is made possible by flexible
regulations and an extensive network of pipelines, storage facilities, and LNG facilities that
converge in Louisiana’s Henry Hub, where a single market price is set and constantly updated.
Over the last several years, the European gas market, which used to function like its rigid, outdated
Asian counterpart, has moved toward gas-on-gas pricing like the North American market
cc
Poland received it's first LNG shipment Thursday from the US
On Thursday, the first ever liquefied natural gas shipment from the United States arrived in Poland, a landmark of sorts in Europe’s continuing drive to diversify the sources of its energy imports. The gas came from an export terminal in Louisiana that was first out of the gate to exploit the U.S. shale boom to supply the global market.
During the George W. Bush and Obama administrations, the United States sought to help Europe diversify its sources of energy. That’s because Russia habitually used disruptions of energy exports — especially in 2006 and 2009 — to try to cow smaller neighbors, such as Ukraine or the Baltic countries. U.S. efforts included working with Europe to build more connective tissue so that energy supplies could flow throughout Europe more easily, as well as supporting the development of new infrastructure like LNG terminals and pipelines.
http://foreignpolicy.com/2017/06/08/first-u-s-natural-gas-shipped-to-poland/
cc
Despite Trump trade deal, US natural gas exports to China face obstacles
The Commerce Department announced a deal to further open Chinese markets to U.S. natural gas exports.
"China is the world's largest buyer of LNG. Now that market really is going to be open to the American producers," Ross told CNBC's "
In fact, Japan is the largest market for LNG, followed by South Korea and then China, according to the International Gas Union. But China is the world's fastest-growing market for LNG, according to energy research firm Wood Mackenzie.
The deal positions the United States to capture part of that growth, which would represent $26 billion a year in purchases by 2030 at today's prices, according Massimo Di-Odoardo, head of global gas and LNG research at Wood Mackenzie.
However, he cautioned that U.S. LNG's fortunes in China "will depend on its competitiveness versus other global alternatives and Chinese buyer appetite for exposure to U.S. gas prices."
"China is much nearer and much cheaper to ship from Australia, for example, or Qatar," he said. "What I think we're more likely to see in the real world is that U.S. Gulf Coast LNG will primarily go to Europe."
However, Wood Mackenzie's Di-Odoardo said the Commerce Department's deal with China presents the opportunity for a "second wave of investment in US LNG" in the near term.
"Developers will now be able to target Chinese buyers directly, potentially supporting project financing. It could also support direct Chinese investment into liquefaction and upstream developments on U.S. soil," he said.
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LNG vessel SM Eagle departed Cheniere port for Korea on June 3
Cheniere Energy Inc., the sole exporter of liquefied natural gas from U.S. shale basins, commenced a 20-year supply agreement with Korea Gas Corp. at a ceremony in Louisiana on Sunday. Under the deal originally signed in 2012, Cheniere will make available for delivery about 3.5 million tons of the supercooled fuel annually to South Korea, the world’s second-biggest buyer last year, representing at least $548 million of revenue per year.
South Korea has already received eight cargoes loaded with Sabine Pass gas as of June 21, according to data compiled by Bloomberg. But the vessel that will arrive early next month will be the first to be received under the long-term supply deal.
https://www.bloomberg.com/news/articles/2017-06-25/cheniere-grabs-bigger-piece-of-global-gas-market-with-korea-deal
cc
NOAA & European Weather Maps
ECMWF.....European Weather Maps
Can give you CFS...ECMWF...GFS or GDPS Maps
http://www.pivotalweather.com/model.php?m=ECMWF
****** NatGasWeather forcasts ******
http://www.natgasweather.com/
NOAA weekly weather forecast & Climate Prediction ******
Digital Weather Prediction
http://digital.weather.gov/
Weekly Weather Prediction
http://www.weatherstreet.com/states/u-s-min-temperature-forecast.htm
Climate Prediction Center
http://www.cpc.ncep.noaa.gov/products/predictions/long_range/two_class.php
CFTC COMMITMENTS OF TRADERS REPORT
http://www.naturalgasintel.com/CFTC
6 to 10 Day Weather outlook.....and
8 to 14 DAy Weather outlook
http://www.cpc.ncep.noaa.gov/products/predictions/610day/index.php
cc
June 30-July 6:: Cooler than normal conditions will continue across the north-central US into early next week as weather systems with showers result in comfortable highs of upper 60s and 70s. However, temperatures will warm back into the 80s to 90s over the East today through the weekend as high pressure returns. It remains hot over much of the West and the south-central US/Texas with highs in the upper 80s to 100s, which will expand to include much of the east-central US next week as national demand increases to above normal levels. Overall, nat gas demand will be increasing to high.
http://contours.hamweather.net/wxY2DkKFVSmV/contours/png/640x480/forecasts/us_forecasthighs_day2_i5_points.png
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Massive Ridge To Bring Heat & Strong Early July Demand
http://www.natgasweather.com/natgasweather/massive-ridge-to-bring-strong-early-july-demand/
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Weather next week....June 30-July 6:: Cooler than normal conditions will continue across the north-central US into early next week as weather systems with showers result in comfortable highs of upper 60s and 70s. However, temperatures will warm back into the 80s to 90s over the East today through the weekend as high pressure returns. It remains hot over much of the West and the south-central US/Texas with highs in the upper 80s to 100s, which will expand to include much of the east-central US next week as national demand increases to above normal levels. Overall, nat gas demand will be increasing to high.
cc
Trump Says Energy Plan Moving U.S. Toward Era of ‘Dominance'
"My administration has just approved the construction of a new petroleum pipeline to Mexico, which will further boost American energy exports," Trump said.
Trump included in his initiatives an agreement he said Sempra Energy signed Thursday "to begin the sale of more American natural gas to South Korea."
cc