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

Tim Beggans recaps a sideways October market that still can’t hold $3: yesterday’s +44 Bcf print, a widening deficit vs last year, the February / El Niño fade watch, ERCOT with solar now the top renewable, volatile national power prices and data-center load, lingering Dallas–St. Louis heat vs incoming fall, EU/UK storage gaps, Typhoon Dewan staying offshore Japan, quiet Hormuz, mixed U.S. LNG (Cameron back, Freeport and Golden Pass off), a historically quiet Atlantic, ENSO fl

Tim Beggans covers storage-day October NG stuck between the 13- and 48-period EMAs, a possible run at the $3 options cluster, the February / El Niño fade watch, ERCOT and a volatile national grid (PJM spiked to $4,000/MWh yesterday), lingering Dallas–St. Louis heat, Europe/UK storage (Germany off target, UK ~33% full), Typhoon Dewan heading toward Japan during Silver Week, quiet Hormuz plus Houthi/Bab el-Mandeb risk, U.S. LNG feedgas with Cameron recovering, a quiet Atlantic,

Tim Beggans covers October holding above the 13- and 48-period EMAs without a crossover, LNG slipping vs lingering heat, tomorrow’s storage print, the February winter contract, ERCOT and national grid demand, a central-U.S. heat chimney into early October, Europe/UK storage (Rough empty), quiet Hormuz with one Qatar loader, Cameron down a train, tropics and Saharan dust, and the E&P watch list. Contract / levels: October near 2.923–2.936, up a few ticks Above the 13- and 48-p

Tim Beggans covers the October bounce toward a 13/48 EMA crossover, lingering record-warm September heat, Thursday’s storage setup, the Feb–Mar “widow maker” spread, ERCOT and national grid demand, Europe/UK storage gaps, JKM vs TTF for November cargos, quiet Hormuz, mixed U.S. LNG feedgas (Cameron off), a 40% Mid-Atlantic tropical watch (possible Fay), Saharan dust, Java Trench activity, and the E&P watch list. Contract / levels: October near 2.924–2.941, up ~3–5¢ Testing a

Tim Beggans covers the bounce back toward the 13- and 48-period EMAs, four top headlines, WTI over $104, ERCOT and national grid demand, lingering Texas heat vs incoming northern fall, Europe/UK storage, JKM vs NBP, quiet Hormuz after a weekend tanker hit, U.S. LNG feedgas ramping into winter, a Mid-Atlantic tropical watch (possible Fay), West drought, Lake Gatun, Java Trench quakes, and the E&P watch list. Top news: Iran–U.S. war expands to include Yemen and Saudi Arabia She

Source: EIA This Week's Main Drivers: EIA NG Storage: +40 BCF vs. +69 BCF last year and the +52 BCF 5-year average. The smaller injection keeps the storage deficit narrative alive as we approach winter. Crude oil rocketed above $100/BBL. as the Iran-US war continues to disrupt energy flows and effectively shut the Strait of Hormuz to LNG exports. No LNG tankers transited Hormuz Wednesday, underscoring the severity of the disruption. Summer heat is finally retreating, with the

Source: 2b1st The Strait of Hormuz crisis is forcing Gulf producers to rethink a fundamental question: Can natural gas reach global markets without passing through Hormuz? One intriguing possibility is Saudi Arabia. Saudi Arabia already has the Master Gas System (MGS) connecting major gas-producing and processing assets across the Kingdom. Aramco is expanding the system toward 17.5 Bcf/d by 2028. But here's the bigger idea: Could Saudi Arabia eventually extend its gas infrast

Tim Beggans opens with a 9/11 remembrance, then recaps October NG after yesterday’s storage print, the bounce off first support, ERCOT and national grid demand, lingering Texas heat vs incoming northern fall, Europe/Asia weather and storage, TTF/JKM January panic with Hormuz still tight, two tankers at Ras Laffan, strong U.S. LNG feedgas, a historically quiet Atlantic, West drought, and the E&P watch list. Contract / levels: October near 2.817–2.824 Below the 13- and 48-perio

Tim Beggans covers a third straight down day in October NG, today’s storage print, failed 13/48 EMA crossover, possible 114 Bcf/d production, WTI over $100 and a closed Hormuz, the Jan–Oct spread rebound, ERCOT demand with weak wind, lingering Texas heat vs incoming northern fall, Europe/Asia weather and storage, U.S. LNG feedgas, quiet tropics and Saharan dust, Anak Krakatau / Java Trench quakes, and the E&P watch list. Contract / levels: October near 2.778–2.788, down ~3–4¢

Tim Beggans covers the October selloff below the 13- and 48-period EMAs, tomorrow’s storage print, possible 114 Bcf/d production and Hue Brinson / Permian flows, ERCOT and national grid demand, lingering Texas heat vs northern cooling, JKM vs TTF arb into winter, EU/UK storage, quiet Hormuz / empty Ras Laffan, U.S. LNG feedgas, tropics and Saharan dust, Anak Krakatau, and the E&P watch list. Contract / levels: October near 2.837–2.841, down ~7–8¢ Below the 13- and 48-period E

Tim Beggans covers the October selloff, failed $3 tests, options open interest at $3 and $4, the Jan–Oct gap fill at 92.7¢, February / El Niño analog years, ERCOT and national grid demand, lingering southern heat vs northern cooling, Europe/UK storage, Asia temperatures, a Qatari LNG cargo through Hormuz, U.S. LNG feedgas, quiet tropics and Saharan dust, Severe Weather Europe snow outlook, Anak Krakatau, and the E&P watch list (now including LandBridge). Contract / levels: Oc

The UK is facing a precarious energy situation this winter. In this video, I react to Jacob Rees-Mogg’s assessment of the UK's gas storage crisis and domestic production decline. We dive deep into why the Rough storage field is empty, the impact of North Sea production drops, and why the UK is now so dependent on US LNG. With the Ormen Lange field underperforming and global supply routes like the Strait of Hormuz facing disruptions, what happens if the UK faces a "Dunkelflaut

Source: EIA This Week’s Main Drivers: The EIA reported a +30 BCF storage injection—right on expectations, but bullish versus +50 BCF last year and the +37 BCF five-year average. The storage surplus to the five-year average continues to narrow. Tropical Storm Edouard delivered heavy rain across East Texas, but had little apparent impact on LNG exports. Meanwhile, low Texas wind generation and weaker solar output increased gas-fired power demand, while the South Central salt-st

Source: Marine Traffic China remains the larger LNG importer, with 2026 imports projected at roughly 61–64 million MT, versus 28–29 million MT for India. But the more important story this year is how differently the two markets responded to the Iran-US conflict and the disruption of Middle Eastern LNG flows. Month-by-Month Jan–Feb: Demand was relatively normal before the conflict. India imported about 4.45 MT combined, while China’s February imports fell to approximately 3.38

Tim Beggans recaps the week in October NG: holding the 13-period EMA, no 13/48 crossover yet, yesterday’s +30 Bcf storage print, a tightening surplus vs last year and the 5-year average, the Jan–Oct injection spread, cooler ERCOT after Edouard, national heat and power prices, Europe/UK storage and weather swings, Asia cooling, U.S. LNG loadings (including Plaquemines and Golden Pass), tropics, West drought, NOAA’s strong El Niño outlook, and the E&P watch list. Contract / lev

Tim Beggans covers storage-day setup for October NG, narrow daily bars above the 13- and 48-period EMAs, the Jan–Oct injection spread, cooler ERCOT after Edouard, batteries on the Texas grid, national power-price volatility, lingering U.S. heat vs incoming northern fall, Europe/Asia weather and storage, JKM, U.S. LNG feedgas including a tanker at Golden Pass, tropics, West drought, Lake Gatun, and the E&P watch list. Contract / levels: October near 2.983–2.988, up ~3¢ Above t

Tim Beggans covers the bounce above the 48-period EMA, a possible push toward $3, tomorrow’s storage print, managed-money short covering in the COT report, the Jan–Oct spread, ERCOT after Edouard, national power-price volatility, lingering U.S. heat vs incoming northern fall, UK/NBP panic on low storage, Europe/Asia weather, two vessels loading at Ras Laffan, U.S. LNG feedgas, Edouard’s track, and the E&P watch list. Contract / levels: October near 2.944–2.946, up ~4¢ Above t

Tim Beggans covers the October contract selloff as Tropical Storm Edward approaches landfall between Beaumont and Houston, lower ERCOT load, battery charge/discharge on the Texas grid, national power-price volatility, the Jan–Oct spread, lingering U.S. heat into mid-September, Europe/Asia weather and storage, Hormuz tanker traffic, U.S. LNG feedgas around the storm track, and the E&P watch list. Contract / levels: October near 2.857–2.872, down ~6–8¢ Testing the 13-period EMA

Tim Beggans covers the top headlines, October price action, last week’s storage print, ERCOT and national grid demand, wind pickup across the Plains, lingering U.S. heat into mid-September, Europe/Asia weather and storage, U.S. LNG loadings, Tropical Storm Dolly remnants plus a 70% Gulf system off Louisiana, West drought, and the E&P watch list. **Top news:** 1. Iran–U.S. exchange of fire — crude and gas bid higher 2. Venture Global CP2 clears a legal hurdle 3. CNOOC signal