Natgas Hits One-Month High as Cheniere's Corpus Christi Plant Returns to Full Output
LNG sits 50% above its 52-week low of $186.2.
Summary
U.S. natural gas futures jumped over 5% to a one-month high on warmer September forecasts, lifting the entire LNG complex. Cheniere's Corpus Christi export plant is returning to full production after maintenance, with feedgas nominations rising to 2.5 bcfd. This operational recovery, combined with strong cooling demand, supports near-term export volumes and revenue. The EIA storage report due Thursday will be the next key data point for gas prices.
At the time of this announcement, LNG was trading at $278.80 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $57.6B. The 52-week trading range was $186.20 to $300.89. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Reuters.