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Vista Projects
Copper Tip Energy Services
Vista Projects
Copper Tip Energy


U.S. natgas futures slip on forecast for less hotter weather


These translations are done via Google Translate

Front-month gas futures fell 8.3 cents, or 1%, to $8.183 per million British thermal units (mmBtu) at 9:23 a.m. EDT (1323 GMT).

“Expected temperature moderation across Eastern regions within 6–14-day time frame poised to limit upside follow through (in the market),” Ritterbusch & Associates wrote in a note.

The U.S. Energy Information Administration will release its weekly storage report at 10:30 a.m. EDT (1430 GMT).

ROO.AI Oil and Gas Field Service Software
GLJ

Meanwhile, “reports of Freeport LNG restart in early October that could revive as much as 2 bcf/d of export activity,” was supportive for natgas prices, Ritterbusch & Associates added.

Freeport LNG said in a release on Wednesday that it entered into a consent agreement with the U.S. Pipeline and Hazardous Materials Safety Administration (PHMSA) that should allow the plant “to resume initial operations in early October.”

Gazprom will receive 50% of a new Russian entity replacing the Sakhalin Energy liquefied natural gas (LNG) project, a government decree showed, as Moscow re-writes rules for foreign firms operating in the country amid sanctions.



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