Bitter cold forecast for parts of Europe this week is set to bring the first major test of the winter heating season for the continent’s gas market and its robust storage inventories. The UK’s National Balancing Point and the Dutch Title Transfer Facility (TTF) both gained about 3% on Tuesday and settled above $40/MMBtu. The…
Asia
Articles from Asia
Colder Weather Lifts LNG Prices as Europe’s Premium to Asia Widens
LONDON (ICIS) – Forecasts of colder temperatures in northeast Asia lifted the ICIS East Asia Index (EAX) on Thursday, in contrast to its downward trajectory throughout most of the week.
December 2, 2022
South Asian LNG Buyers Said Locked Out of Spot Market as Winter Approaches
South Asian LNG buyers, particularly Pakistan and Bangladesh, are finding it difficult to pay high spot prices as the region moves into the winter season. Meanwhile, India has too much of the super-chilled fuel because domestic consumers refuse to pay top dollar. Asian liquefied natural gas spot prices jumped last week, hitting a seven-week high,…
December 1, 2022
Gazprom Keeps Natural Gas Flowing Through Ukraine, Pushing TTF Lower – LNG Recap
European natural gas prices declined on Monday, when supply concerns were eased by Gazprom PJSC, which did not reduce the supplies it’s shipping through Ukraine after warning of cuts last week. The January contract fell by 1% after Gazprom said conditions had been met to keep moving gas at current levels into Ukraine, one of…
November 28, 2022
Storage Inventories, LNG Supply Keep Lid on European Prices Despite Cold Snap – LNG Recap
Cold weather has finally arrived in Europe, necessitating some of the season’s first natural gas storage withdrawals and lifting prompt prices. The Title Transfer Facility (TTF) finished last week higher on colder forecasts and the gains held Monday, when the December contract finished 30 cents higher at $34.87/MMBtu. Other winter contracts fell with storage inventories…
November 21, 2022
Declining Output, Lack of New Capacity Set to Test European LNG Imports in 2023
Europe is expected to continue paying exorbitant prices to attract LNG cargoes next year, particularly given how limited new supplies of the super-chilled fuel will be. A decline in sanctioned projects over the last decade during a low price environment and underinvestment in fossil fuels means new liquefaction capacity may be scarce until 2025, when…
November 16, 2022
What is Mexico Doing to Improve Energy Supply? Listen Now to NGI’s Hub & Flow
Click here to listen to the latest episode of NGI’s Hub & Flow. NGI Latin America editor Christoper Lenton sits down with Mexico energy expert Rosanety Barrios to talk about Mexico’s natural gas market in light of global turmoil after Russia’s invasion of Ukraine. Lenton and Barrios discuss how Mexico is now competing for natural…
November 14, 2022
TTF’s Premium Over Asian Spot LNG Price Narrows Sharply
HOUSTON (ICIS) – The TTF front-month contract has fallen by 31% since the start of October.
November 4, 2022
European, Asian Natural Gas Prices Steady on Firm Supplies – LNG Recap
Natural gas prices in Europe and Asia have leveled off amid warmer weather and strong storage stocks in both regions. In Europe, where inventories are at 94% of capacity, temperatures are expected to remain mild next week, according to Maxar’s Weather Desk. Above normal temperatures are expected in big gas consuming regions like France, Germany…
October 31, 2022
Santos Looks to Balance Domestic Natural Gas Demand, Future LNG Prospects
Santos Ltd. management said strong domestic natural gas demand and persisting high global LNG prices helped the company continue breaking performance records in the third quarter as it navigated progress and potential setbacks for its major projects. Like other integrated Australian producers, Santos has had to straddle the line between heightened global demand for liquefied…
October 31, 2022
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