Natural Gas News – December 9, 2021

Natural Gas News – December 9, 2021

Global LNG exports hit eight-month high

Global LNG loadings increased in November compared with recent months, and were at their quickest since March, as stronger US and
Malaysian output offset slower Qatari exports. Aggregate global LNG exports rose to 32.8mn t of LNG in November from 31.8mn t a year
earlier and 32.6mn t in October, and were at their quickest since the 33.2mn t exported in March, preliminary data from Vortexa show.
Loadings had held above an average of 31mn t/month in the first and second quarters of this year, but fell to average 30mn t/month in July -September, before rebounding in October. Supply from facilities located east of the Suez Canal edged higher to around 20.8mn t last month from 19.9mn t a year earlier and 19.84mn t in October, while west of Suez output also rose to around 12.25mn t from 11.8mn t a year earlier and 12.03mn… For more info go to https://bit.ly/3lKsgHJ

Coal retirements, supply constraints promise upside for gas in MISO

Upcoming coal plant retirements in the Midcontinent Independent System Operator, along with supply constraints on the fuel, could boost market share for gas in the ISO’s generation stack this winter. Earlier this year, Ameren Missouri reaffirmed its decision to retire its Meramec Unit 3 and Unit 4 generating stations near St. Louis next year, taking nearly 600 MW of coal-fired capacity offline. According to S&P Global Platts Analytics data, the retirements could come as early as the first quarter. Ameren’s upcoming plant closures add to at least six other retirements in MISO this year which have collectively taken nearly 1 GW of coal-fired capacity offline. Combined, the recent and upcoming capacity changes should boost market share for gas-fired generation in the Midwest this winter. In November, natural gas acco… For more info go to https://bit.ly/3lQamTL

Market Condition Report - Disclaimer
The information contained herein is derived from sources believed to be reliable; however, this information is not guaranteed as to its accuracy or completeness. Furthermore, no responsibility is assumed for use of this material and no express or implied warranties or guarantees are made. This material and any view or comment expressed herein are provided for informational purposes only and should not be construed in any way as an inducement or recommendation to buy or sell products, commodity futures or options contracts.

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