Asia

Global natural gas prices weakened on Monday amid bearish weather forecasts.  Both the prompt Dutch Title Transfer Facility and the UK’s National Balancing Point gave up last week’s gains, when the European benchmarks were pushed up by cooler temperatures, rising carbon prices, improving crude oil and stronger sentiment in the Asian gas market. Above-normal temperatures…

An affiliate of Australian investment bank Macquarie Group Ltd. has launched a company to develop and operate liquefied natural gas (LNG) infrastructure projects.  WaveCrest Energy LLC  would develop, construct, operate and own LNG regasification, power and downstream infrastructure assets. The company initially would primarily serve Latin American and Asian markets to establish and develop demand…

Global natural gas demand is expected to bounce back to pre-pandemic levels this year, but the recovery is likely to be uneven and growth could be weak even after demand soared amid a historic cold snap this winter.  “We opened the year with this very strong bull run in Asia, which I would say was…

European natural gas prices again moved higher on Monday as forecasts grew colder and higher carbon prices supported the commodity.  Both the Dutch Title Transfer Facility and the UK’s National Balancing Point climbed higher last week. Very cold temperatures are forecast for the northern half of Europe over the next week, while the 11- to…

Liquefied natural gas (LNG) cargoes are returning to Europe after a hiatus that saw vessels flocking to Asia amid a historic cold snap last month. Milder weather in Asia along with stronger supply levels have spot prices for March delivery trending below $8.00/MMBtu, disincentivizing European reloads and marginal cargoes from the United States. Asian spot…

Global natural gas prices are falling as the week gets underway on warmer near-term weather in parts of the world and a rebound in supplies after the market was squeezed last month amid a historic cold snap across much of the northern hemisphere. While prices in many European markets bounced back to finish last week…

A roundup of news and commentary from NGI’s LNG Insight Asian LNG prices were stable as spot assessments fell below $9.00/MMBtu last week after skyrocketing above $30 earlier this month. Warmer weather and increasing spot tenders from suppliers were driving down prices, with supply offers below $7.00 for March delivery.  Pakistan LNG Ltd. (PLL) said…

Global natural gas prices continued to normalize last week as forecasts warmed and more supplies became available.  The Japan Korea Marker spot price fell below $9.00 to finish at $8.90/MMBtu after it shot above $30 to reach an all-time high earlier this month. Meanwhile, prompt European natural gas prices were steady, moving sideways throughout most…

The rally in Asian natural gas prices has finally lost momentum as temperatures have warmed and supplies are creeping up across the region. Spot prices fell below $10.00/MMBtu on Monday as the February contract gave way to March delivery. The decline followed a rapid climb from late November through last week when Japan Korea Marker…