Asia

The latest round of U.S. sanctions against Russian energy assets targeted at the Arctic LNG 2 project is creating uncertainty for Japanese stakeholders. PAO Novatek, Russia’s largest independent natural gas producer, launched development of the three-train, 19.8 million metric ton/year Arctic LNG 2 on the Gydan Peninsula  in 2018 with plans to boost liquefied natural…

Global natural gas prices edged upward despite limited activity on the market as traders weighed the potential winter supply risk from a widening war in the Middle East and colder forecasts. European and East Asian benchmark prices jumped Monday, reversing last week’s downward slope as hefty storage levels and mild weather continued to drag on…

Global natural gas prices continued falling on Monday, extending last week’s losses amid ample supplies and mild weather forecasts. In Europe, the benchmark Title Transfer Facility (TTF) declined by nearly 7% as the week got underway. The prompt month finished Monday near $14/MMBtu.  Storage inventories on the continent are at 99.6% of capacity, compared to…

Mexico is poised to play an increasingly prominent role in the global natural gas market, driven by internal demand and the LNG export projects planned for the country’s Pacific and Atlantic coasts. During a joint webinar on Thursday, experts from NGI and the London Stock Exchange Group plc (LSEG) described the market dynamics that are…

In July of last year, facing the prospect of its first winter without access to LNG supply, the European Commission (EC) sent the deputy director of its energy department on a fact finding mission to Nigeria.

Egypt’s government said Sunday that its natural gas imports have stopped as Israel intensified its fight against Hamas in Gaza.  Natural gas prices in Asia and Europe stabilized Monday after declines last week. The market again braced for the possibility of a broader conflict in the Middle East.  Egypt said Sunday that gas supplied from…

European natural gas prices inched higher Monday as the threat of a broader conflict in the Middle East offset a warmer forecast and ample supplies on the continent.  The December Title Transfer Facility (TTF) contract added about a nickel and again finished above $17/MMBtu. TTF is about 30% higher than it was before Israel declared…

Japan is looking to further diversify its LNG supply to shore up energy security as sanctions against Russian terminals, labor strikes in Australia and now a conflict in the Middle East, provide more threats for the global LNG market. “The Group of Seven (G7) Partners are committed to working jointly to deny Russia future energy…

The rally in European natural gas prices lost steam on Monday with a warmer weather forecast and ample Norwegian production offsetting the prospect of a broader conflict erupting in the Middle East.  The benchmark Title Transfer Facility (TTF) declined 10% Monday and finished just below $15/MMBtu after charging higher last week following Israel’s declaration of…