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TTF Climbs as Traders Weigh Threat of Broader Conflict in Middle East – LNG Recap

TTF Climbs as Traders Weigh Threat of Broader Conflict in Middle East – LNG Recap

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…

October 23, 2023
Russian, Australian Supply Uncertainty Drives Japanese to Diversify LNG Suppliers

Russian, Australian Supply Uncertainty Drives Japanese to Diversify LNG Suppliers

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…

October 17, 2023
TTF Rally Pauses as Market Weighs Mild Weather, Strong Norwegian Output – LNG Recap

TTF Rally Pauses as Market Weighs Mild Weather, Strong Norwegian Output – LNG Recap

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…

October 16, 2023
What Do Asian Investments in U.S. Ammonia, Hydrogen Exports Mean for the Natural Gas Market?

What Do Asian Investments in U.S. Ammonia, Hydrogen Exports Mean for the Natural Gas Market?

The U.S. Gulf Coast has seen a bevy of potential deals and partnerships as large Asian natural gas buyers eye using gas-derivative, low-carbon fuels to help meet ambitious climate goals. Specifically, Japanese and South Korean plans to lean on ammonia and hydrogen made from natural gas to decarbonize existing infrastructure are raising the interest of…

October 5, 2023
Egypt Signals Return of LNG Cargoes as Global Prices Continue to Plunge

Egypt Signals Return of LNG Cargoes as Global Prices Continue to Plunge

Egypt has resumed loading LNG cargoes after months of absence from the export market, adding a further supply buffer for Europe as prices continue dipping. A ship controlled by TotalEnergies SE loaded at the Idku liquefied natural gas terminal in Egypt Thursday (10/5) before making a possible voyage to an import terminal in Europe, according…

October 5, 2023
TTF Slides as European Natural Gas Supply Concerns Ease – LNG Recap

TTF Slides as European Natural Gas Supply Concerns Ease – LNG Recap

Global natural gas prices declined Monday, driven lower by mild temperatures and easing supply concerns. Sunday kicked off the winter heating season in Europe, but unusually warm temperatures are forecast over the next two weeks. Norwegian natural gas production also continues to rebound after weeks of maintenance that lasted longer than expected. Exports were nominated…

October 2, 2023
European Natural Gas Prices Rally on Extended Norwegian Supply Outages – LNG Recap

European Natural Gas Prices Rally on Extended Norwegian Supply Outages – LNG Recap

Global natural gas prices ticked higher on Monday driven partly by ongoing supply fears as winter approaches. Norwegian exports to the rest of Europe continue to gradually ramp back up. Nominations were at 254 million cubic meters (MMcm) on Monday and closer to normal levels of over 300 MMcm. That’s up from 175.9 MMcm a…

September 25, 2023
Thailand Aiming to Diversify LNG Supply with More Long-Term Contracts

Thailand Aiming to Diversify LNG Supply with More Long-Term Contracts

Thailand is aiming to secure long-term LNG supply contracts from global LNG suppliers based on different price benchmarks to diversify supply.   The country plans to buy 50% of its liquefied natural gas via term contracts and the remaining 50% from the spot market, PTT Public Co. Ltd.’s M. L. Peekthong Thongyai, senior vice president, said…

September 13, 2023
Natural Gas Players Look Past Short-Term Risk to Long-Term Supply Gap with Flurry of Deals – LNG Recap

Natural Gas Players Look Past Short-Term Risk to Long-Term Supply Gap with Flurry of Deals – LNG Recap

Global natural gas markets were tepid Tuesday despite growing risks of Australian LNG work stoppages. While the global natural gas community gathered in Singapore for the start of the Gastech 2023 conference, workers at Chevron Corp.’s Gorgon and Wheatstone liquefied natural gas terminals disclosed plans for walkouts. Representatives for the Offshore Alliance said workers could…

September 5, 2023
Australia Helped Give Rise to LNG Market, but Domestic Volatility Could Reshape Trade – Column

Australia Helped Give Rise to LNG Market, but Domestic Volatility Could Reshape Trade – Column

The Australian LNG industry has drawn a great deal of attention in the last year, which is no small achievement when considering the war in Ukraine and the anxiety currently surrounding the Chinese economy. 

August 30, 2023