Replies to post #4423 on °¿°

[Myself °¿°]

BG CEO: Expect Liquefied Natural Gas Demand to Increase 4%-6% Annually Through 2020
http://www.morningstar.com/news/dow-jones/foreign-markets/TDJNDN_201510271406/bg-ceo-expect-liquefied-natural-gas-demand-to-increase-46-annually-through-2020.html

SINGAPORE--Global demand for liquefied natural gas is likely to grow strongly over the long term, according to the head of U.K.-based gas and oil company BG Group (BG.LN), despite the recent slump in prices in regions such as Asia.

"There should be no doubt LNG will have an increasingly influential role in the changing landscape of global energy supply," said Helge Lund, BG chief executive at an energy conference in Singapore, on Tuesday.

Liquefied natural gas prices have been dealt a severe blow this year as demand in key importing countries such as China has moderated. Robust supply growth and competitive coal pricing have also put gas prices under pressure.

The benchmark U.S. natural-gas price tumbled to its biggest one-day percentage drop overnight since February 2014 on expectations of a deepening supply glut.


Write to Jenny Hsu at [e-mail]


Subscribe to WSJ: http://online.wsj.com?mod=djnwires

(END) Dow Jones Newswires

October 27, 2015 03:57 ET (07:57 GMT)

Copyright (c) 2015 Dow Jones & Company, Inc.

[Myself °¿°]

~in 1/2 position DGAZ @11.3998 for a scalp

[Myself °¿°]

~in 1/2 position DGAZ @11.3998 for a scalp

[Myself °¿°]

tapped out of DGAZ @11.42 looking for something better

[Myself °¿°]

Natural Gas Rises From Three-Year Lows... BUT_SEE_BOLD
Natural gas prices have slumped in the past week on worries over moderate weather
By NICOLE FRIEDMAN
Oct. 27, 2015 10:32 a.m. ET
http://www.wsj.com/articles/natural-gas-rises-from-three-year-lows-1445956320
NEW YORK--Natural gas futures rose slightly Tuesday after falling below $2 a million British thermal units for the first time in three years on concerns about weak demand.

Futures for November delivery recently traded up 2.2 cents, or 1.1%, at $2.084/mmBtu on the New York Mercantile Exchange, after falling to as low as $1.948/mmBtu in overnight trading. The November contract expires at settlement Wednesday. The more-actively traded December contract recently rose 3.6 cents, or 1.5%, to $2.389/mmBtu.

Natural gas prices have slumped in the past week on worries that moderate weather will limit indoor-heating demand and keep the market oversupplied. Natural gas is used as the primary heating fuel in about half of U.S. households.

Forecasts for the next six to 10 days call for warmer-than-normal weather in the eastern U.S., according to Commodity Weather Group LLC.

“No one wants to own the November gas contract,” said Houston investment bank Tudor, Pickering, Holt & Co. in a note to clients, noting that already-ample inventories are likely to hit a record high.

Inventories as of Oct. 6 stood 4.5% above the five-year average for the week, according to the Energy Information Administration. The EIA will release its inventory data for the week ended Oct. 23 on Thursday.

“The primary culprit for the [price] weakness is burgeoning storage driven by a warmer forecast,” said Simmons & Co. International, an investment bank, in a note.

Physical gas for next-day delivery at the Henry Hub in Louisiana last traded at $2.09/mmBtu, compared with Monday’s range of $2.13-$2.18. Cash prices at the Transco Z6 hub in New York last traded at $1.98/mmBtu, compared with Monday’s range of $2.15-$2.20.

Write to Nicole Friedman at [e-mail]

[Myself °¿°]

U.S. Natural Gas Storage/Inventory Forecast...
http://www.investing.com/economic-calendar/natural-gas-storage-386

 Release Date	Time	Actual	Forecast	Previous	 
 Oct 29, 2015	10:30	??B 	69B	        81B	 
 Oct 22, 2015	10:30	81B	88B	        100B	 
 Oct 15, 2015	10:30	100B	93B	        95B	 
 Oct 08, 2015	10:30	95B	98B	        98B	 
 Oct 01, 2015	10:30	98B	100B	        106B	 
 Sep 24, 2015	10:30	106B	96B	        73B	

[Myself °¿°]

See Bold Natural Gas Gains on Smaller-Than-Expected Surplus
New contract’s bounce ends 18% fall over six sessions
By TIMOTHY PUKO
Oct. 29, 2015 11:19 a.m. ET
http://www.wsj.com/articles/natural-gas-gains-on-smaller-than-expected-surplus-1446131957
Natural gas added to gains Thursday after a smaller-than-expected stockpile addition.

The U.S. Energy Information Administration said producers added 63 billion cubic feet of natural gas to storage in the week ended Oct. 23. That is 5 bcf less than the average forecast of 22 analysts and traders surveyed by The Wall Street Journal.

Natural gas for December delivery is up 5.3 cents, or 2.3%, at $2.351 a million British thermal units on the New York Mercantile Exchange. December prices are usually higher because of the winter, and the new contract’s bounce ends what had been an 18% fall over six sessions.

The smaller-than-expected weekly surplus adds ammunition for bulls who think the oversupplied market could come into a better balance by winter. Natural gas is used as the primary heating fuel in about half of U.S. households, and prices can rise rapidly when extreme weather comes.

“You are going to have weather. It’s inevitable,” said John Woods, president of JJ Woods Associates and a Nymex trader.

Stockpiles grew to 3.9 trillion cubic feet. That is 4.1% above their five-year average level for this week of the year and 12% above their level at this time a year ago. At this pace, the market could set a record of around 4 trillion cubic feet heading into the winter heating season, analysts have said.

Those heavy stockpiles have played a large role in the recent descent of gas. Many forecasters are predicting a warmer-than-normal winter, and tepid demand could leave an unprecedented glut heading into the spring.

November is likely off to a warm start, too, according to weather reports that show above-average temperatures widespread--most predicting they will cover half the country or more. Those have changed little since Wednesday, though Commodity Weather Group is now showing an expanded peak next week, with temperatures as much as 15-degrees-Fahrenheit above normal from Mexico to New England.

That is likely to keep weighing on prices, brokers and analysts have said. Donald Morton, senior vice president at Herbert J. Sims & Co., said the market rally Thursday is likely temporary.

“We’ve been pounded...so it’s entitled to a burp. That’s all it is,” Mr. Morton said.

Physical gas for next-day delivery at the Henry Hub in Louisiana last traded at $2.14/mmBtu, compared with Wednesday’s range of $2.07-$2.13. Cash prices at the Transco Z6 hub in New York last traded at $2.07/mmBtu, compared with Wednesday’s range of $2.09 to $2.15.

Write to Timothy Puko at [e-mail]