What's New in Natural Gas - November Futures (NGX26 @ 3.041) | 10.05.2026
Tim Beggans covers four headlines: at least one Freeport train down since Friday, South Korea pushing back on Alaska LNG investment, Chevron growing LNG via offtakes rather than new plants, and a Russian plague-lab death that he flags and then moves past. Also: November stuck between the pivot and first resistance, light ERCOT load with batteries charging on wind, a chimney of warmth from Texas to the Dakotas, the crowded Super El Niño winter short, EU storage at 72.4%, UK injections with Rough still empty, one Ras Laffan loader, U.S. LNG with Golden Pass still stuck near 244k, a 70% Bay of Campeche watch, nuclear outages at 15.5 GW, and the E&P watch list.
Top news:
Freeport LNG down at least one train
South Korea pushes back on Alaska LNG investment
Chevron expanding global LNG trading through offtakes
Russian plague-lab death raises questions
Contract / levels:
November near 3.035–3.041, roughly flat to +0.6¢
Daily pivot ~2.999
First resistance ~3.087
First support ~2.948
RSI sideways, trying to lean up; afternoon fade possible if Freeport / Golden Pass stay soft
Top News for Natural Gas:
1.) Freeport LNG down 1 Train
2.) South Korea pushes back on Alaska LNG investment
3.) Chevron expanding global LNG trading through offtakes
4.) Russian plague fears rise after death
NG Stock Watch List Oil & Gas EMP Sector
Market Cap 2-10B, High short float over 10%
BKV | CNX | CRGY | CRK | LB | MGY | MTDR | NOG
Timestamps
0:00 – Open & top four headlines
0:52 – November sideways; mixed LNG news
1:24 – Hourly pivot, first resistance, first support
1:56 – ERCOT under 67 GW; batteries charging on wind
2:46 – National grid (SPP, MISO) fairly calm
3:11 – U.S. models: Rockies cold vs Texas–Dakota chimney
4:34 – 6-10 day & 8-14 day outlooks
5:01 – Winter strip still in the sell channel
5:37 – EU storage 72.4%; Germany / UK / NL lag
6:21 – UK NBP off; Hormuz optimism
6:42 – Europe weather near normal
7:09 – UK flows: injecting; Rough still empty (~35.5%)
7:50 – Asia weather; Beijing pipe gas vs coastal LNG
8:46 – Pacific storms; Nolo eyewall; Rachel offshore
9:27 – Bay of Campeche convection
9:38 – Ras Laffan: one loader
9:51 – U.S. LNG (Freeport struggling; Golden Pass ~244k)
10:40 – Plaquemines FERC uprate watch
11:14 – Bay of Campeche 70% in 7 days
11:42 – Wider tropics; water temps
12:20 – Saharan dust light
12:31 – Nuclear outages (~15.5 GW)
13:07 – El Niño pool vs Hawaii cold pool
13:41 – Teleconnections (AO / NAO / PNA positive)
14:17 – ENSO peak mid-winter, fade by spring
15:02 – E&P watch list
15:21 – Recap & close
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