Natural Gas

[behappyalways]

US Catches Up With Qatar As The World's Largest LNG Exporter
https://www.zerohedge.com/energy/us-cat ... g-exporter

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How Europe Reduced Its Natural Gas Consumption
https://www.zerohedge.com/energy/how-eu ... onsumption

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China Becomes World's Biggest LNG Buyer With Flurry Of Long-Term Deals
https://www.zerohedge.com/markets/china ... term-deals

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Turkey Says Its Black Sea Natural Gas Discoveries Are Worth Over $500 Billion
https://www.zerohedge.com/energy/turkey ... 00-billion

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European Natural Gas Prices Are Set For A Sixth Consecutive Weekly Loss
https://www.zerohedge.com/markets/europ ... eekly-loss

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US NatGas Drilling Collapses At Fastest Rate Since 2016
https://www.zerohedge.com/commodities/u ... -rate-2016

[winston]

Natural Gas: Are We Being Deceived by This Market?

By Barani Krishnan

100-bcf storage builds are likely here; last week’s rise could last 2 more weeks

Gas bulls say trade is deceived by current output/ demand that could change

Technical charts show next target for bulls would be $2.64

Source: Investing.com

https://www.investing.com/analysis/natu ... s_headline

[winston]

This Commodity Looks Poised for a Big Rally

by Jeff Clark

Natural gas peaked last summer when it traded near $9.50 per million British thermal units (MMBTU).

Today, the “widow maker” trades near $2.50. That’s a 74% decline over the past nine months.

For whatever reason, the price of natural gas tends to rally during the summer.

If natural gas can close convincingly above the resistance line of the consolidation pattern – at about $2.60 – then there’s no real resistance until about $5.00. In other words, natural gas looks poised for a 100% rally.

Source: Jeff Clark Trader

This Commodity Looks Poised for a Big Rally
by Jeff Clark, Jeff Clark Trader • June 25

[winston]

China is buying natural gas like there’s still an energy crisis

The government continues to back efforts by state-owned buyers to sign long-term contracts and even invest in export facilities, in order to bolster energy security through the middle of the century.

The nation is on track to be the world’s top importer of liquefied natural gas in 2023. And for the third straight year, Chinese companies are agreeing to buy more of it on a long-term basis than any single nation.

Several other importers, including India, are also looking to sign more deals to avoid future shortages and curb dependence on spot deliveries, yet China is locking in contracts at a much faster pace. So far this year, 33% of long-term LNG volumes signed went to China.

The deals will help feed the roughly dozen new import terminals that are slated to start construction across China’s coastal cities in this decade. The nation’s LNG imports could rise to as high as 138 million tonnes by 2033, about double current levels.

Source: Bloomberg

https://theedgemalaysia.com/node/673226

[behappyalways]

European NatGas Prices Explode 40% Higher
https://www.zerohedge.com/energy/europe ... -40-higher