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U.S. Natural Gas Prices Hit Lowest Point Since 2021 – LNG Recap

U.S. Natural Gas Prices Hit Lowest Point Since 2021 – LNG Recap

U.S. natural gas prices continued to slide Monday after hitting their lowest point since 2021 last week, following other global benchmarks lower during a warm winter. Henry Hub fell below $3/MMBtu last week for the first time since May 2021. The March contract closed at $2.677 on Monday. Warm weather, a strong rebound in U.S.…

January 30, 2023
TTF Trades Sideways as Natural Gas Fundamentals Remain Unchanged – LNG Recap

TTF Trades Sideways as Natural Gas Fundamentals Remain Unchanged – LNG Recap

The European natural gas market was unfazed by colder weather and weak deliveries from Russia and Norway on Monday, when prices dropped amid a broader outlook that remains largely unchanged. Lower temperatures in Northwest Europe are forecast this week, while freezing temperatures and a drop in wind power in the UK prompted the grid operator…

January 23, 2023
NextDecade Nets 1 MMty Deal with Japan’s Itochu for Rio Grande LNG

NextDecade Nets 1 MMty Deal with Japan’s Itochu for Rio Grande LNG

NextDecade Corp. inked a long-term agreement with its first Japanese customer, Itochu Corp., for offtake from the proposed Rio Grande LNG project in South Texas. NextDecade said Thursday Itochu signed a 15-year sales and purchase agreement (SPA) for 1 million metric ton/year (mmty) of liquefied natural gas indexed to Henry Hub. It would be delivered…

January 19, 2023
Column: Are U.S. Natural Gas Producers Ready to Enter the LNG Market, and Is There a Place for Them?

Column: Are U.S. Natural Gas Producers Ready to Enter the LNG Market, and Is There a Place for Them?

Ten years have passed since Cheniere Energy Inc. ushered in the era of modern U.S. LNG exports by sanctioning the first two liquefaction trains at the Sabine Pass terminal in Louisiana.

January 11, 2023
Warm Winter in Europe Eases Natural Gas Restocking Concerns, but 2023 Still Looks Daunting

Warm Winter in Europe Eases Natural Gas Restocking Concerns, but 2023 Still Looks Daunting

An unseasonably warm winter and ample LNG imports are dampening expectations for high volatility when European countries start restocking natural gas reserves this spring, but risk still abounds for a region facing a tight supply outlook for years to come. Headed into winter, the market faced the possibility of harsh weather and China’s return to…

January 11, 2023
TTF Gains Ground as Market Weighs Natural Gas Supply Outlook – LNG Recap

TTF Gains Ground as Market Weighs Natural Gas Supply Outlook – LNG Recap

European natural gas prices climbed higher Monday, breaking from the sharp losses of recent weeks as the market weighs increased competition with Asia for LNG and colder weather forecasted for later in the month.  The February Title Transfer Facility (TTF) contract gained 7% Monday to finish above $23/MMBtu. It remains at pre-war levels, but above…

January 9, 2023
TTF Plunges to Lowest Level Since 2021 as Natural Gas Supply Outlook Strengthens – LNG Recap

TTF Plunges to Lowest Level Since 2021 as Natural Gas Supply Outlook Strengthens – LNG Recap

European natural gas prices hit the lowest level since 2021 on Tuesday as warmer weather has eased concerns that the region won’t have enough of the fuel to make it through winter.  The Dutch Title Transfer Facility (TTF) February contract fell to nearly $22/MMBtu on Tuesday. That’s a low not seen since November 2021 before…

January 3, 2023
India Plans to Triple Clean Power Generation as High Prices Put Natural Gas Out of Reach

India Plans to Triple Clean Power Generation as High Prices Put Natural Gas Out of Reach

India, one of the world’s largest LNG importers, has unveiled a $30 billion plan to triple its clean power generation capacity by 2030 that would rely heavily on solar and wind to help reach a net-zero emissions target by 2070.   For now, the country continues to eschew gas in favor of coal and renewables. Record…

January 3, 2023
Winter Expectations Vary in Asia While European LNG Demand Could Slow

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…

December 16, 2022
European Natural Gas Market Shrugs Off First Test of Winter – LNG Recap

European Natural Gas Market Shrugs Off First Test of Winter – LNG Recap

European natural gas prices remained stable on Monday despite bitter cold that’s gripping the northern part of the continent. Prices spiked briefly last week as colder weather descended, but ample storage stocks and a steady flow of LNG supplies have kept a lid on both the Title Transfer Facility (TTF) and the National Balancing Point…

December 12, 2022
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