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Fundamentals Seen Supporting Record Global Natural Gas Prices — LNG Recap

Fundamentals Seen Supporting Record Global Natural Gas Prices — LNG Recap

Natural gas prices across the world remained strong Tuesday as demand centers competed for supplies. Prices in Europe weakened Tuesday, but fundamentals continue to support higher prices. Dutch futures climbed throughout last week and hit a record on Monday to settle near $15/MMBtu. The UK benchmark National Balancing Point contract also touched a 16-year high…

August 3, 2021
Heat, Supply Disruptions Send Global Natural Gas Prices Higher — LNG Recap

Heat, Supply Disruptions Send Global Natural Gas Prices Higher — LNG Recap

Global natural gas prices climbed higher Monday amid supply disruptions and sweltering heat.  Gains for the Henry Hub contract led the way, as the U.S. benchmark traded near a three-year high Monday with the hottest weather of the summer in the United States on the way Tuesday.  Henry Hub picked up where it left off…

July 26, 2021
Natural Gas Prices Swing as Traders Track Variables Across Globe — LNG Recap

Natural Gas Prices Swing as Traders Track Variables Across Globe — LNG Recap

Global natural gas prices have turned volatile after a stretch of gains as traders watch variables in key markets from the United States to Asia.  In the United States, the Henry Hub prompt contract finally retreated early last week after a nine-day winning streak. However, it spiked again by nearly 10 cents last Thursday (July…

July 13, 2021
U.S. LNG Output Sailing for Record Despite Rising Supply Costs

U.S. LNG Output Sailing for Record Despite Rising Supply Costs

The cost of supplying U.S. liquefied natural gas (LNG) to Asia has spiked this year, but with a shortage of natural gas to meet widespread demand across the world, that is likely to have little impact on output that is expected to reach record highs. An analysis by Rystad Energy found that the short-run marginal…

June 25, 2021

Europe, Asia Battle for Natural Gas as Price Rally Continues — The Offtake

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,…

June 25, 2021

European, Asian Natural Price Rally Continues — The Offtake

A roundup of news and commentary from NGI’s LNG Insight A natural gas price rally continues overseas. European front-month prices gained for a sixth day as did contracts further down the curve, with the Title Transfer Facility trading at its highest point in over a decade.  Spot prices in North Asia also gained again Thursday,…

June 24, 2021
Asia Pacific Coal Power Investments Seen Outpacing Natural Gas into 2030s

Asia Pacific Coal Power Investments Seen Outpacing Natural Gas into 2030s

Wind, solar and natural gas have the brightest future in Asia Pacific power generation, although coal is not going anywhere soon, according to experts at Wood Mackenzie. “Asia Pacific power generation investments are leading the world and expected to hit $2.4 trillion in the current decade, with renewables accounting for over half, or $1.3 trillion…

June 23, 2021
European Natural Gas Prices Hit Highest Level in Over a Decade — LNG Recap

European Natural Gas Prices Hit Highest Level in Over a Decade — LNG Recap

Hot weather and limited supplies helped drive European natural gas prices to a 12-year high late last week in a rally that continued Monday. The prompt Title Transfer Facility (TTF) contract closed Friday at $10.237/MMBtu and finished higher on Monday at a level not seen since 2008. European gas prices have been strong since the…

June 21, 2021
Global LNG Buyers Said Looking to ‘Bridge’ Current Supply Crunch with Short-Term Contracts

Global LNG Buyers Said Looking to ‘Bridge’ Current Supply Crunch with Short-Term Contracts

Global liquefied natural gas (LNG) buyers, hammered by high spot prices in Asia, are increasingly looking to short-term “bridge” contracts to ensure ample supply until demand is expected to cool down later this decade, according to an analysis by Wood Mackenzie. Asian spot prices are hovering around $12/MMBtu for June and July delivery as demand…

June 15, 2021
Global Oil, Gas Prices Climb Higher as Demand Strengthens — LNG Recap

Global Oil, Gas Prices Climb Higher as Demand Strengthens — LNG Recap

European natural gas prices rebounded Monday after falling from multi-year highs late last week, as low storage inventories and strong demand in Asia continue supporting prices on the continent. The prompt Title Transfer Facility (TTF), Europe’s leading gas benchmark, hit a multi-year high of $10.241/MMBtu Thursday before falling to finish the week Friday at $9.883.…

June 14, 2021
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