- Liquidity Natural Gas Daily
- Posts
- Natural Gas Update March 19,2026
March 19, 2026
Overview
Natural Gas--NG is up 12.6 cents at $3.191
NG futures are higher --following the rest of the energy complex. Again today the NG futures are being led by the December 2026 through February 2027 strip. Concern over an increase in LNG demand next winter outstripping production is said to be behind the winter contracts' strength. European TTF futures have risen to a fresh multi-year high.
The TTF European gas futures have gapped higher today on the back of the news of the attack on the Ras Laffan LNG plant in Qatar which suffered extensive damage. The damage to the Ras Laffan hub as a result of the Iranian strikes “fundamentally alters the global gas market outlook,” according to Wood Mackenzie. Wood Mackenzie adds that "disruption to global natural gas supply was now likely to last longer than two months, adding such a prolonged outage would keep natural gas prices “elevated for longer.” (CNN) The TTF futures rose to their highest value for the spot contract since January 10,2023. The high today for the spot TTF futures is Euro 74.000, which was an increase of 35.38% from the settlement price from Wednesday. The Euro 74/Mwh price equates to $24.89/MMBtu. The spot TTF futures contract is currently printing near Euro 65/Mwh (=$21.86/MMBtu).
Today's EIA gas storage data is seen as a build of 26 to 31 BCF, as per WSJ and Reuters surveys. That compares to the 5 year average draw of 29 BCF and the 1 BCF draw seen last year.
Late Tuesday saw the 11-14 day cumulative HDD count increase to 100.92 in the Lower 48 states, up from 65.43 in the previous run. This is 48 HDD above the 10-year normal. (Market News)
Regarding the winter contracts' strength, several major US LNG export facilities are expected to be fully operational by 2026/2027, including Plaquemines LNG, Corpus Christi Stage 3, and Golden Pass LNG. While production is expected to rise, demand is forecasted to outpace it, with storage inventories predicted to drop below the five-year average over 2026–2027. (EIA.gov)
Technically the April NG spot futures still have negative momentum, but they remain mired in the trading range seen this month. Yet, NG futures have again shown that spot futures prices below $3 are not sustainable, given the rebound from sub-$3 seen yesterday. Resistance for the spot April futures comes in at 3.277-3.281 and then at 3.379-3.385. Support is seen at 3.097-3.100 and then at 3.019-3.021.
Enjoyed this article?
Subscribe to never miss an issue. Daily updates provide a comprehensive analysis of both the fundamentals and technical factors driving energy markets.
Click below to view our other newsletters on our website:
Disclaimer
This article and its contents are provided for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any commodity, futures contract, option contract, or other transaction. Although any statements of fact have been obtained from and are based on sources that the Firm believes to be reliable, we do not guarantee their accuracy, and any such information may be incomplete or condensed.
Commodity trading involves risks, and you should fully understand those risks prior to trading. Liquidity Energy LLC and its affiliates assume no liability for the use of any information contained herein. Neither the information nor any opinion expressed shall be construed as an offer to buy or sell any futures or options on futures contracts. Information contained herein was obtained from sources believed to be reliable, but is not guaranteed as to its accuracy. Any opinions expressed herein are subject to change without notice, are that of the individual, and not necessarily the opinion of Liquidity Energy LLC
Reply