Fitch Ratings Inc. has substantially raised its Henry Hub and European natural gas price assumptions through 2022, citing “strong year-to-date prices, recovering demand and supply challenges.” “U.S. gas prices have…benefited from heightened weather-driven demand, as well as U.S. dry and associated gas production discipline,” the credit ratings analysts said, adding that liquefied natural gas (LNG)…
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European Natural Gas Tumbles as Norwegian Supplies Bounce Back — LNG Recap
European natural gas prices fell again on Monday and weighed down those in Asia as pipeline imports increased and the market gained more clarity on when exactly Russia’s Nord Stream 2 (NS2) pipeline might start operations. Norwegian supplies climbed upward Monday as more capacity returned from the Troll Field, where maintenance has limited volumes. Construction…
LNG Market Seen Tightening Further With Little Relief in Sight as Winter Nears
This winter is shaping up to be one of the tightest in years for the global natural gas market as strong demand has continued throughout the year and left inventories woefully short. Liquefied natural gas (LNG) supply disruptions in Angola, Brunei, Nigeria and Trinidad and Tobago, to name a few, have also led to incremental…
European Natural Gas Prices Hit Another Record on Russian Supply Concerns — LNG Recap
European natural gas prices again set records Monday as Russian pipeline imports were poised to fall further next month, exacerbating fears that the continent would be short of supplies this winter as storage inventories remain low. Gazprom PJSC booked a fraction of the 15 million cubic meters (MMcm) of firm transportation capacity available through Ukraine…
Demand for U.S. Natural Gas Exports to Surge Through 2021, EIA Says
With robust demand from both Europe and Asia for U.S. supplies of liquefied natural gas (LNG) and strong levels of pipeline deliveries to Mexico, the Energy Information Administration (EIA) forecasted that U.S. gas exports would exceed imports by an average of 11.0 Bcf/d in 2021. That would mark a nearly 50% jump from the 2020…
Vortexa’s New LNG Chief Sees Strong ‘Momentum’ in Global Natural Gas Market
Vortexa Ltd.’s Felix Booth, head of liquefied natural gas (LNG), doesn’t expect the global market to loosen anytime soon as supplies remain scarce and demand rebounds from lows of the Covid-19 pandemic. Based in Singapore, Booth recently joined energy analytics firm Vortexa, which is aiming to cast a wider net in the evolving LNG business.…
Global Natural Gas Prices Slip After Record-Setting Stretch — LNG Recap
Natural gas prices across the world tumbled on Monday, correcting after a stretch of gains that saw some benchmarks again set records last week. In Europe, prices closed lower across the curve. The Title Transfer Facility hit a record last week, when the prompt contract finished at nearly $15/MMBtu. Pipeline imports were largely stable on…
Fundamentals Seen Supporting Record Global Natural Gas Prices — LNG Recap
Natural gas prices across the world remained strong Tuesday as demand centers competed for supplies. Prices in Europe weakened Tuesday, but fundamentals continue to support higher prices. Dutch futures climbed throughout last week and hit a record on Monday to settle near $15/MMBtu. The UK benchmark National Balancing Point contract also touched a 16-year high…
Heat, Supply Disruptions Send Global Natural Gas Prices Higher — LNG Recap
Global natural gas prices climbed higher Monday amid supply disruptions and sweltering heat. Gains for the Henry Hub contract led the way, as the U.S. benchmark traded near a three-year high Monday with the hottest weather of the summer in the United States on the way Tuesday. Henry Hub picked up where it left off…
Natural Gas Prices Swing as Traders Track Variables Across Globe — LNG Recap
Global natural gas prices have turned volatile after a stretch of gains as traders watch variables in key markets from the United States to Asia. In the United States, the Henry Hub prompt contract finally retreated early last week after a nine-day winning streak. However, it spiked again by nearly 10 cents last Thursday (July…