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

  • Global gas benchmarks recorded another day of gains Friday. Europe’s Title Transfer Facility again grabbed headlines. The front-month contract climbed for a seventh straight day, continuing its push above $11/MMBtu.
  • Tudor, Pickering, Holt & Co. (TPH) said European storage built by 79 Bcf this week, below the five-year average of 86 Bcf. LNG sendout to Europe also only averaged 6.3 Bcf/d this week, compared to June average of 7.6 Bcf/d. 
  • “As the European-Asian battle for global gas continues, solid global fundamentals should continue to support near full utilization from U.S. LNG,” TPH analysts said.
  • Japan-Korea Marker spot price assessments remain high too, drawing cargoes away from Europe at levels near $13. The...