Natural gas futures extend rally

One day after posting the largest single-day gain in the last year and a half, natural gas futures moved another leg higher, surging past the long-term high established earlier this year. September Nymex gas settled Tuesday at $2.193, up 9.2 cents from Monday’s close. October rose 9.5 cents to $2.334.

Spot gas prices also continued to rally across most of the Lower 48, boosting NGI’s Spot Gas National Avg. by 13.0 cents to $1.920.

stronger gas pricing in Europe on Monday reflects a potential recovery in liquefied natural gas (LNG) demand. The prompt month landed price in the Netherlands increased by 25 cents versus Friday, “a noticeable improvement” for the U.S. market, which is eagerly awaiting a “return to normal” for LNG exports, according to Mobius Risk Group.

Touchstone Exploration Inc (LON:TXP) is a Canadian-based, international upstream oil and gas company currently active in the Republic of Trinidad and Tobago.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
X
LinkedIn

More articles like this

Touchstone Exploration

Touchstone Exploration maximise energy potential

Touchstone Exploration’s expanding exploration portfolio boasts 137,312 acres, with strategic assets such as Ortoire and Cipero holding significant potential for energy resources and long-term growth.

Touchstone Exploration

Touchstone Exploration advances growth in Trinidad

Touchstone Exploration solidifies its position in Trinidad’s energy sector with the recent acquisition of the Rio Claro block through its subsidiary, Primera Oil and Gas. Exciting new opportunities await.