A roundup of news and commentary from NGI’s LNG Insight 

  • European natural gas prices set records during trading Wednesday. The prompt Dutch Title Transfer Facility contract hit an all-time high and the prompt National Balancing Point hit its highest level since 2005 amid a deepening supply crunch on the continent. Japan-Korea Marker spot prices for August also hit $15/MMBtu as demand remains strong.
  • Spanish power company and natural gas utility Naturgy said Wednesday it would invest more than $16 billion in the energy transition by 2025 to increase renewable energy output and cut natural gas use. The company said its gas portfolio would shrink to roughly 130 terawatt-hours in 2025 from 200 terawatt-hours in 2018.
  • Nord Stream 2 AG said Wednesday its 5.3 Bcf/d natural gas pipeline...