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Japan’s Low LNG Inventories Could Spur Spot Buying – Three Things to Know About the LNG Market
Markets
Natural Gas Forwards Continue to Struggle as Market Wrestles with Storage Glut
As an outsized storage surplus continued to hang over the outlook, regional natural gas forward prices shed value during the March 21-27 trading period, NGI’s Forward Look data show. Front month fixed prices at benchmark Henry Hub fell 12.7 cents for the period to end at $1.577/MMBtu. However, the benchmark also saw double-digit losses for…
March 28, 2024Natural Gas Prices
Attack on Ukrainian Storage Site Pushes European Natural Gas Prices Higher
Ukrainian natural gas storage operator Ukrtransgaz JSC said a Russian attack on its infrastructure caused no major damage, but withdrawal capacities at the facility would be limited until repairs are completed. Natural gas withdrawals were halted after the strike on Sunday (March 24). However, the company was able to compensate for the limited withdrawals with…
March 28, 2024International
Vitol Sees LNG Trading Growth as Market ‘Realignment’ Boosts Energy Security Needs
Vitol Inc. reported its natural gas and LNG business segments continued to expand in 2023 despite relatively lower global prices last year. Since Russia’s 2022 invasion of Ukraine, trading houses and energy majors have seen record volumes and profits from natural gas, particularly liquefied natural gas, as Europe moved to replace lost Russian volumes. More…
March 27, 2024LNG
Tellurian Courting Natural Gas Producers Seeking LNG Exposure Through Driftwood
Tellurian Inc. is looking to join the wave of Gulf Coast LNG developers partnering with exploration and production (E&P) companies on tolling agreements to raise international exposure, executive chairman Martin Houston said Tuesday. In a letter to shareholders, the Houston-based company’s co-founder said Tellurian’s marketing team had spent last week meeting with potential customers and…
March 27, 2024Trending News
Natural Gas Prices
Attack on Ukrainian Storage Site Pushes European Natural Gas Prices Higher
Mar 28, 2024International
Vitol Sees LNG Trading Growth as Market ‘Realignment’ Boosts Energy Security Needs
Mar 27, 2024Infrastructure