Europe

Global Oil, Gas Prices Climb Higher as Demand Strengthens — LNG Recap

Global Oil, Gas Prices Climb Higher as Demand Strengthens — LNG Recap

European natural gas prices rebounded Monday after falling from multi-year highs late last week, as low storage inventories and strong demand in Asia continue supporting prices on the continent. The prompt Title Transfer Facility (TTF), Europe’s leading gas benchmark, hit a multi-year high of $10.241/MMBtu Thursday before falling to finish the week Friday at $9.883.…

June 14, 2021
Natural Gas Bulls to Extend Parade Through Summer, Support $3.00 Prices, Analysts Say

Natural Gas Bulls to Extend Parade Through Summer, Support $3.00 Prices, Analysts Say

Robust needs for U.S. exports across Asia, Europe and Mexico – coupled with expectations for another sizzling summer domestically – could keep supply/demand balances tight and upward price pressure firmly in place this summer, industry experts said. The upbeat outlook developed across an LDC Gas Forums Southeast conference panel moderated Tuesday by NGI’s James Alston,…

June 9, 2021
EU’s $21B Fund Designed to Mitigate Decarbonization Impacts

EU’s $21B Fund Designed to Mitigate Decarbonization Impacts

Member states of the European Union (EU) on Monday approved a $21.3 billion fund to help workers and companies transition away from carbon-intensive industries.  The Just Transition Fund (JTF) would finance projects that would alleviate the socio-economic costs involved in achieving the EU’s goal of a 55% reduction in greenhouse gas emissions by 2030 and…

June 8, 2021
Hot Weather, Low Storage Inventories Continue Driving Global Demand for Natural Gas — LNG Recap

Hot Weather, Low Storage Inventories Continue Driving Global Demand for Natural Gas — LNG Recap

Global natural gas prices were mixed on Monday, picking up where they left off last week, but the outlook remains strong as bullish market fundamentals in Europe, Asia and South America remain largely unchanged. The front-month National Balancing Point and Title Transfer Facility contracts in Europe traded sideways last week, but they remained stable around…

June 7, 2021
LNG 101: How Europe’s Carbon Market Drives Demand for Natural Gas Imports

LNG 101: How Europe’s Carbon Market Drives Demand for Natural Gas Imports

European carbon prices have soared in 2021, reaching heights not seen since the continent’s emissions trading system (ETS) was established in 2005 and signaling what could be a longer-term trend across a region looking to further tighten climate regulations. Carbon prices hit a record by crossing the 50 euros per metric ton mark in early…

June 3, 2021
European, Asian Natural Gas Prices See Another Week of Gains as Fundamentals Unchanged — LNG Recap

European, Asian Natural Gas Prices See Another Week of Gains as Fundamentals Unchanged — LNG Recap

Natural gas prices in Europe and Asia pressed higher last week, topping multi-month highs and continuing a bull run that has persisted for much of the spring.  In Europe, prompt prices notched their third straight week of gains. The Title Transfer Facility contract broke through $9.00/MMBtu and closed well beyond that mark most of the…

May 17, 2021
Asian, European Natural Gas Prices Hit Fresh Highs as Regions Compete for Supply — LNG Recap

Asian, European Natural Gas Prices Hit Fresh Highs as Regions Compete for Supply — LNG Recap

Asian and European natural gas prices on Tuesday soared to multi-month highs, continuing a run of strength as demand remained unseasonably high. Tuesday’s gains came after the prompt Title Transfer Facility benchmark finished Monday at $8.973/MMBtu and the prompt National Balancing Point broke through the $9.00 barrier to hit $9.05 after a stretch of continued…

May 11, 2021
Global Natural Gas Prices Sputter, but Stronger Outlook Remains Unchanged — LNG Recap

Global Natural Gas Prices Sputter, but Stronger Outlook Remains Unchanged — LNG Recap

A rally in Asian and European natural gas prices lost steam last week, but fundamentals remain unchanged as the coming months are still expected to be tight.  European futures closed higher on Tuesday, recovering some of last week’s losses as the near-term curve was lifted by lingering cold, weak Russian pipeline imports and ongoing strength…

April 27, 2021
Natural Gas Futures Prices Start Week on Solid Footing as Exports Still Strong

Natural Gas Futures Prices Start Week on Solid Footing as Exports Still Strong

Natural gas futures struggled to gain traction early Monday, but continuously strong export demand eventually pushed prices into the green. With options and the May Nymex contract’s expiration looming, the prompt month settled at $2.790, up 6.0 cents from Friday’s close. The June contract picked up 5.6 cents to land at $2.874. Spot gas prices…

April 26, 2021
U.S. LNG Terminals Seen Running at Full Capacity Through Summer to Meet Global Demand

U.S. LNG Terminals Seen Running at Full Capacity Through Summer to Meet Global Demand

It’s shaping up to be a drastically different summer for U.S. liquefied natural gas (LNG) exporters as the global market has unexpectedly tightened and demand has spiked in a reversal of fortunes from last year when trade slumped to historic lows.  “Things changed a lot,” said Rystad Energy’s Carlos Torres Diaz, head of gas and…

April 23, 2021
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