Source: To Europe & Beyond The global natural gas market is increasingly divided into two worlds. The U.S. has relatively abundant gas and expanding LNG capacity, while Europe and Asia remain exposed to constrained global LNG supply, geopolitical risk and winter weather. That disconnect is the story — and the risk. Why the Market Has Split U.S. gas remains structurally cheaper because production is strong and LNG export capacity, while expanding, cannot instantly absorb every

Tim Beggans covers the giveback after yesterday’s squeeze to 3.317: a Columbia Gas / TCO force majeure of ~1.8 Bcf/d on Line MX-P 100 in West Virginia (weekend outage, Sunday update), yesterday’s +53 Bcf print, Friday options / Monday futures expiry, ERCOT and a volatile national grid plus an early East Coast nor’easter, the last heat-risk maps, Canadian cold into the Upper Midwest, the Nov–Mar strip snapping back into its channel, EU/UK storage (Rough still empty), Asia weat

Tim Beggans covers storage-day October holding just above $3, thin October open interest rolling into winter months, the $3 options pin into Friday expiry, ERCOT and national grid demand, the last week of extreme-heat maps, an early-October Canadian cold shot vs lingering southern warmth, the Nov–Mar winter strip testing the top of its channel, EU/UK storage (Rough still empty), Asia weather, one Ras Laffan loader, U.S. LNG with Golden Pass back near 541k, Fay plus Hurricane

Tim Beggans covers yesterday’s short-covering squeeze through $3, Thursday’s storage setup, Friday options / Monday futures expiry, thin October open interest, ERCOT and national grid demand, lingering Houston heat vs an early-October northern cold shot, the Feb–Mar widow-maker bounce, EU/UK storage (Rough still empty), Asia weather, one Ras Laffan loader and a quiet Hormuz, U.S. LNG with Golden Pass slipping back, Tropical Storm Fay plus Category 5 Hurricane Polo, U.S. nucle

Tim Beggans covers an October bounce that is still below the 13- and 48-period EMAs and short of $3, Thursday’s storage setup, ERCOT and national grid demand, lingering Texas heat vs an early-October Canadian cold push, the Jan ’28 vs Apr ’27 injection-season spread at record levels, softer TTF on U.S.–China / Iran talks, EU/UK storage (Rough still empty), Asia weather and Japan Silver Week, quiet Hormuz, U.S. LNG feedgas with Golden Pass ticking higher, Tropical Storm Fay we

Tim Beggans covers four top headlines, October still stuck between the 13- and 48-period EMAs and unable to hold $3, ERCOT and national grid demand, lingering southern heat into early October, EU/UK storage, quiet Hormuz (only ~4% of normal traffic), mixed U.S. LNG feedgas plus a Corpus Christi 2027 outage notice, Tropical Storm Fay weakening in the Mid-Atlantic, ENSO / Hawaii cold pool, and the E&P watch list (MGY back on the board). Top News for Natural Gas: 1.) Tropical S

Source: EIA This Week's Main Drivers: EIA storage increased +44 BCF well below last year's +87 BCF and the five-year average of +74 BCF—another materially bullish storage signal. Yet natural gas remains unable to break and hold above $3/MMBtu. LNG operations remain a key variable. Cameron LNG lost one train mid-week, while Golden Pass Train 1 continues its slow ramp, now around 62%. Meanwhile, the Strait of Hormuz remains severely restricted, with LNG flows still disrupted. A

Source: UK Department for Energy Security & Net Zero Britain is approaching winter with a dangerous energy-security equation: very low gas storage, heavy dependence on imports, and a weather wildcard that cannot be forecast with certainty. The UK’s only large-scale gas storage facility, Rough, is practically empty. Centrica says the market currently does not make storage commercially viable without a supporting framework. Rough can hold up to 54 Bcf—roughly enough to heat 2.4