The global gas market continues to focus on the newly-agreed European cap on natural gas prices. The regulatory moves from the European Union fuelled the volatility on the European market, leading the TTF to rise on the news before falling consecutively session after session. The mild temperatures for the time of year in Europe and strong LNG flows also added to the bearish sentiment.
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Winter Expectations Vary in Asia While European LNG Demand Could Slow
Editor’s Note: This content is provided courtesy of Independent Commodity Intelligence Services (ICIS). Visit natgasintel.com/icis for more information. HOUSTON (ICIS) — Asia spot prices held relatively steady this week, with the January ‘23 ICIS East Asia Index (EAX) up less than 3% on 15 December from one week ago. In recent days the EAX was…
Europe’s TTF Rises on Winter Signals, While Asia LNG Price Dips on Stable Demand
MEXICO CITY (ICIS) — European gas prices were boosted by forecasts of colder temperatures in Europe, which supported consumption for both domestic and gas-for-power demand.
Colder Weather Lifts LNG Prices as Europe’s Premium to Asia Widens
LONDON (ICIS) – Forecasts of colder temperatures in northeast Asia lifted the ICIS East Asia Index (EAX) on Thursday, in contrast to its downward trajectory throughout most of the week.
Floating Storage Reaches Into January as LNG Market Awaits Colder Weather
LONDON (ICIS) — Price spreads between Europe and Asia widened earlier in the week but had narrowed again by 16 November.
TTF’s Premium Over Asian Spot LNG Price Narrows Sharply
HOUSTON (ICIS) – The TTF front-month contract has fallen by 31% since the start of October.
East Asia Spot LNG Price Surpasses TTF for Winter
Asian spot LNG prices surpassed the ICIS TTF benchmark this week for the first time since late June on rising demand in Asia and high stock levels in Europe.
East Asia spot LNG prices drop, TTF-EAX spread widens
Asia spot prices have fallen this week, with the December ‘22 ICIS East Asia Index (EAX) down more than 20% on 20 October from one week ago.
TTF Keeps Big Premium to East Asian Spot LNG
SINGAPORE (ICIS) — After a period of relative weakness, the ICIS TTF November ‘22 market rose by 3% on Wednesday with a similar gain early on Thursday as the premium to East Asia remained very wide.
European Prices Retain Wide Premium Over Asian Spot LNG
LONDON (ICIS) – Global LNG prices remained volatile over the week, initially falling on firm supply, before picking up due to outages in Asia and a drop in gas deliveries in Europe.