Asia

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…

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…

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…

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…

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…

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…

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…

U.S. liquefied natural gas (LNG) exports are not to blame for the sharp spike in Henry Hub prices, according to a leading trade group.  “The idea that LNG is having some outsized impact on price is mathematically impossible when we actually start to dig into this,” said Executive Director Charlie Riedl of the Center for…

European natural gas prices jumped Monday after Russia booked little additional pipeline capacity to move more supplies to the continent next month. Gazprom PJSC booked no additional capacity for November through Ukraine during an auction Monday. The company took only about 35% of the available capacity via Belarus and Poland next month. The auction’s results…