Asia

Global natural gas prices continued their spiral Monday as weather patterns across the Northern Hemisphere again shifted warmer, preserving ample stocks and further easing supply concerns.  In Europe, the prompt Title Transfer Facility (TTF) contract slid 6.4% on Monday to close near $11/MMBtu. The contract dipped 4.3% last week despite an agreement among lawmakers late…

Mild weather and ample natural gas supplies again combined Monday to drag down natural gas prices across the northern hemisphere.  “Natural gas prices are under significant pressure to open the week with global benchmarks tumbling across U.S. and European markets,” said Schneider Electric analyst Robbie Frasier.  “Much of that weakness can be attributed to continually…

A shot of cold weather that settled in over the weekend across parts of Europe did little to lift natural gas prices in the region, where concerns about the winter heating season have continued to ease amid a surplus of supplies.  The December Title Transfer Facility (TTF) contract fell 6% from its close on Friday…

The latest round of U.S. sanctions against Russian energy assets targeted at the Arctic LNG 2 project is creating uncertainty for Japanese stakeholders. PAO Novatek, Russia’s largest independent natural gas producer, launched development of the three-train, 19.8 million metric ton/year Arctic LNG 2 on the Gydan Peninsula  in 2018 with plans to boost liquefied natural…

Global natural gas prices edged upward despite limited activity on the market as traders weighed the potential winter supply risk from a widening war in the Middle East and colder forecasts. European and East Asian benchmark prices jumped Monday, reversing last week’s downward slope as hefty storage levels and mild weather continued to drag on…

Global natural gas prices continued falling on Monday, extending last week’s losses amid ample supplies and mild weather forecasts. In Europe, the benchmark Title Transfer Facility (TTF) declined by nearly 7% as the week got underway. The prompt month finished Monday near $14/MMBtu.  Storage inventories on the continent are at 99.6% of capacity, compared to…

Mexico is poised to play an increasingly prominent role in the global natural gas market, driven by internal demand and the LNG export projects planned for the country’s Pacific and Atlantic coasts. During a joint webinar on Thursday, experts from NGI and the London Stock Exchange Group plc (LSEG) described the market dynamics that are…

In July of last year, facing the prospect of its first winter without access to LNG supply, the European Commission (EC) sent the deputy director of its energy department on a fact finding mission to Nigeria.

Egypt’s government said Sunday that its natural gas imports have stopped as Israel intensified its fight against Hamas in Gaza.  Natural gas prices in Asia and Europe stabilized Monday after declines last week. The market again braced for the possibility of a broader conflict in the Middle East.  Egypt said Sunday that gas supplied from…