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Global Natural Gas Markets Monitoring Spread of Latest Covid-19 Variant — LNG Recap

Global Natural Gas Markets Monitoring Spread of Latest Covid-19 Variant — LNG Recap

Natural gas prices in Asia and Europe moved higher Monday despite growing concerns over a new variant of Covid-19 that weighed on commodities late last week. A colder shift in the forecast and a reduction in pipeline imports in Europe were supporting prices as traders continue to monitor the potential impacts of the Omicron variant…

November 29, 2021
Supply Outages, Weather Forecasts Keep Global Natural Gas Prices Strong — LNG Recap

Supply Outages, Weather Forecasts Keep Global Natural Gas Prices Strong — LNG Recap

Global natural gas prices remained strong Tuesday as benchmarks in Europe and the United States bounced back amid a colder forecast and supply shortages that are seen keeping the market tight.  Dutch and British futures finished the day slightly higher, with the front-month contracts both settling above $30/MMBtu. In the United States, the prompt Henry…

November 23, 2021
U.S. Loadings Headed for Asia Drive LNG Freight Rates to Record High

U.S. Loadings Headed for Asia Drive LNG Freight Rates to Record High

The rates to charter vessels for spot liquefied natural gas (LNG) shipments hit records this week amid renewed demand from buyers in Asia and the strong prices that are attracting U.S. cargoes and tying up ships for longer journeys.  According to Spark Commodities, LNG tanker rates in the Pacific Basin were assessed earlier this week…

November 18, 2021
European Natural Gas Prices Surge on Nord Stream 2 Delay — LNG Recap

European Natural Gas Prices Surge on Nord Stream 2 Delay — LNG Recap

European natural gas prices surged Tuesday after German regulators delayed certifying the Nord Stream 2 (NS2) pipeline, exacerbating fears that the continent won’t have enough of the fuel this winter.  “This provides additional pressure to uncertain gas supplies, coupled with the now stereotypical Russian move of not booking additional transit capacity through Ukraine at Monday’s…

November 16, 2021
Natural Gas Forward Prices Soften on Lack of Cold, but Strong Export Demand to Continue

Natural Gas Forward Prices Soften on Lack of Cold, but Strong Export Demand to Continue

A steep sell-off early in the Oct. 28-Nov. 3 period because of generally unsupportive weather sent natural gas forward prices tumbling by double digits. December forward prices plunged an average 17.0 cents, while the balance of winter (December-March) slid 16.0 cents, according to NGI’s Forward Look. Summer (April-October) prices also softened, but losses were smaller…

November 5, 2021
Cheniere Reports Record LNG Exports, but Steep Loss on Volatile Natural Gas Prices

Cheniere Reports Record LNG Exports, but Steep Loss on Volatile Natural Gas Prices

Cheniere Energy Inc. loaded a record 141 liquefied natural gas (LNG) cargoes in the third quarter as prices skyrocketed and global demand increased ahead of the winter. Management expects more of the same in the coming months.  “In the short term, we have witnessed significant volatility and record prices for LNG and natural gas across…

November 4, 2021
European Natural Gas Prices Jump as Flows Reverse on Key Russian Pipeline — LNG Recap

European Natural Gas Prices Jump as Flows Reverse on Key Russian Pipeline — LNG Recap

European natural gas prices jumped on Monday after flows reversed on a key pipeline that moves Russian supplies to the continent.  Monday’s price action was the latest to demonstrate how mixed signals from Russia have the European market seesawing. The Dutch Title Transfer Facility and National Balancing Point benchmarks dropped sharply last week, falling from…

November 1, 2021
LNG Trading Lifted TotalEnergies to Big 3Q Gains Amid Global Energy Crunch

LNG Trading Lifted TotalEnergies to Big 3Q Gains Amid Global Energy Crunch

TotalEnergies SE posted big gains on the global commodities rally in the third quarter, tapping its integrated structure to supply a world short on energy and sharply reversing the losses it sustained during the pandemic downturn last year. “The global economic recovery, notably in Asia, drove all energy prices sharply higher in the third quarter…

October 29, 2021
Asia Said Likely to Strand Assets as Natural Gas Buildout Continues

Asia Said Likely to Strand Assets as Natural Gas Buildout Continues

Plans to expand natural gas infrastructure across Asia could prove harmful to the region as the world transitions from fossil fuels, according to a new report by environmental advocate Global Energy Monitor (GEM).  GEM said the $379 billion of planned gas-fired power plants, natural gas pipelines and liquefied natural gas (LNG) terminals across Asia could…

October 28, 2021
Raymond James Raises Natural Gas Price Forecast as LNG, Mexico Demand Outlook Remains Bullish

Raymond James Raises Natural Gas Price Forecast as LNG, Mexico Demand Outlook Remains Bullish

With limited global supplies and robust demand entering the peak winter season, Raymond James analysts this week boosted their already bullish natural gas price forecasts for this year and 2022. Analysts J.R. Weston and John Freeman said they raised their full-year 2021 Henry Hub average price forecast 6% to $3.70/MMBtu and their expectation for next…

October 27, 2021
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