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Trading natural gas futures


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Trading natural gas futures

  #291 (permalink)
Symple
Zuerich / Switzerland
 
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Symple

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  #292 (permalink)
 
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 SMCJB 
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Did Russian hackers blow up a Texas LNG pipeline on June 8?

https://www.washingtonexaminer.com/opinion/did-russian-hackers-blow-up-a-texas-lng-pipeline

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  #293 (permalink)
 
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 SMCJB 
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There's been several updates in the last few weeks that I haven't posted here as they only effected long dated contracts. This update was effective Friday 24th but I was travelling hence the late posting.

NG Margin changes effective COB June 24th , 2022

Maintenance margin's changing as follows (Note: Non-member initial margin rates will be 110% of these)

Tier 1 / Jul22 decreasing from $9400 to $8300 -$1100
Tier 2-8 / Aug22-Feb23 decreasing from $9200 to $8100 -$1100
Tier 9 / Mar23 decreasing from $7500 to $6600 -$900
Tier 10 / Apr23 unchanged $4400
...
Tier 16 / Oct23 unchanged $3600
...
Tier 19 / Jan24 unchanged $3000


https://www.cmegroup.com/notices/clearing/2022/06/Chadv22-242.html

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  #294 (permalink)
 
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 SMCJB 
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NG Margin changes effective COB June 30th , 2022

Maintenance margin's changing as follows (Note: Non-member initial margin rates will be 110% of these)

Tier 1 / Aug22 decreasing from $8300 to $7700 -$600
Tier 2-7 / Sep22-Feb23 decreasing from $8100 to $8100 -$1100
Tier 9 / Mar23 decreasing from $6600 to $6000 -$600
Tier 10 / Apr23 unchanged $4400
...
Tier 16 / Oct23 unchanged $3600
...
Tier 19 / Jan24 unchanged $3000


https://www.cmegroup.com/notices/clearing/2022/06/Chadv22-251.html

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  #295 (permalink)
 
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 SMCJB 
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U.S. Department of Transportation Pipeline and Hazardous Materials Safety Administration letter to Freeport LNG Development, LP

https://www.phmsa.dot.gov/sites/phmsa.dot.gov/files/2022-06/PHMSA%20NOPSO%20to%20Freeport%20LNG%20%2842022051%29%2006302022.pdf

It lays out several steps that Freeport must complete in order to receive approval to return to service and my understanding is that this has added several weeks/months to the potential outage and hence the market is reacting.

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  #296 (permalink)
 
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 SMCJB 
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Argus : Freeport LNG targets partial restart in October

https://www.argusmedia.com/en/news/2346716-freeport-lng-targets-partial-restart-in-october

TLDR:-
Freeport LNG, a key US LNG export terminal south of Houston, Texas, plans to resume partial operations in October, about one month past a previously planned restart.

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  #297 (permalink)
 
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 SMCJB 
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Good Bloomberg piece on the state of LNG around the world. I wasn't aware how much import capacity China was building. Would think that this is in direct competition to what Europe is trying to do, and hence supply becomes an issue.
China, the world’s top LNG buyer last year, is in the midst of one of the largest buildouts the industry has ever witnessed. Ten new import terminals are slated to come online in 2023 alone, and capacity will roughly double in the five years through 2025, according to BloombergNEF.
Bloomberg :- Natural Gas Soars 700%, Becoming Driving Force in the New Cold War
Shortages of the fuel are rippling throughout the global economy, threatening recessions and a further wave of inflation.

https://www.bloomberg.com/news/articles/2022-07-05/the-global-energy-crisis-just-got-even-worse-here-s-why

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  #298 (permalink)
 
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 SMCJB 
Houston TX
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NG Margin changes effective COB June 30th , 2022

Maintenance margin's changing as follows (Note: Non-member initial margin rates will be 110% of these)

Tier 1 / Aug22 increasing from $7700 to $8500 +$800
Tier 2-7 / Sep22-Feb23 increasing from $7500 to $8300 +$800
Tier 8 / Mar23 increasing from $6000 to $6800 +$800
Tier 9 / Apr23 increasing from $4400 to $4800 +$400
...
Tier 15 / Oct23 increasing from $3600 to $4000 +$400
...
Tier 18 / Jan24 increasing from $3000 to $3400 +$400
...
Tier 30 / Jan25 increasing from $2550 to $2950 +$400
...
Tier 42 / Jan26 increasing from $2150 to $2550 +$400
...

https://www.cmegroup.com/notices/clearing/2022/07/Chadv22-260.html

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  #299 (permalink)
 
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 SMCJB 
Houston TX
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Getting expensive to trade NG again!

NG Margin changes effective COB July 14th , 2022

Maintenance margin's changing as follows (Note: Non-member initial margin rates will be 110% of these)

Tier 1 / Aug22 increasing from $8500 to $9350 +$850
Tier 2-7 / Sep22-Feb23 increasing from $8300 to $9100 +$800
Tier 8 / Mar23 increasing from $6800 to $7500 +$700
Tier 9 / Apr23 unchanged at $4800
...
Tier 15 / Oct23 unchanged at $4000
...
Tier 18 / Jan24 unchanged at $3400


https://www.cmegroup.com/notices/clearing/2022/07/Chadv22-267.html

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  #300 (permalink)
 Trailer Guy 
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Nordstream staying closed for now.

https://www.zerohedge.com/energy/gazprom-declares-force-majeure-will-halt-gas-flows-germany-indefinitely

Green party leadership in Germany has made some very unscientific decisions and the chickens keep coming home to roost.

Why would Putin not use nat gas to help negotiate a deal for carving up Ukraine.

China is building a lot of re-gassification terminals. So the expected drop in Natty from the Russians and the EU reaching a peace plan with restoration of Nordstream pipeline flows will be short term.

I am thinking to buy into long term high payout stocks once the next leg down in the market hits. My opinion is the stock market is currently experiencing a relief rally and when it fails it will continue dragging energy down.

If you see a flaw in my thinking go ahead and hit me with it, I want to get this trade right rather than be personally right.

Looking at SJT and FLNG among others.

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