Europe

U.S. Seen Gaining Momentum in 2022 on Imperative to Better Measure LNG Emissions

U.S. Seen Gaining Momentum in 2022 on Imperative to Better Measure LNG Emissions

The liquefied natural gas (LNG) industry is poised for a milestone year on the path toward establishing emissions measurements across the value chain, particularly in the United States, where suppliers have made progress in a way that could give them a commercial advantage.

January 14, 2022
European Natural Gas Storage Data Revised Lower on Missing Information

European Natural Gas Storage Data Revised Lower on Missing Information

European natural gas storage inventories are lower than previously reported after data published by Gas Infrastructure Europe (GIE) was revised late Monday to include missing information from Italian sites. GIE said in an update on its website late Monday that Snam SpA provided previously unreported data from its Stogit storage facility for a period running…

January 11, 2022
Netherlands May Double Groningen Natural Gas Output to Meet Increasing Demand

Netherlands May Double Groningen Natural Gas Output to Meet Increasing Demand

Natural gas production from the Groningen field in the Netherlands may nearly double from 3.9 billion cubic meters (Bcm) to 7.6 Bcm this year because of a request from Germany for additional supplies and a delay in the start-up of the Zuidbroek nitrogen facility.  Germany approached the Dutch government as the country “expects to need…

January 11, 2022
Global Natural Gas Prices Move Lower on Warmer Weather in Asia, Europe – LNG Recap

Global Natural Gas Prices Move Lower on Warmer Weather in Asia, Europe – LNG Recap

Warmer weather in Europe and Asia weakened competition for liquefied natural gas (LNG) cargoes and pushed prices lower as the week got underway. The Title Transfer Facility (TTF) climbed higher for most of last week, reversing declines that came with the end of December. The contract lost steam and closed lower Friday. The Japan-Korea Marker…

January 10, 2022
Fault Lines Emerging in EU Plan to Label Natural Gas, Nuclear as Green Investments

Fault Lines Emerging in EU Plan to Label Natural Gas, Nuclear as Green Investments

New natural gas and nuclear energy projects could be classified as “green” investments to help the European Union (EU) reach its net-zero emissions target by 2050, according to a draft proposal by the European Commission (EC) published this month. Regulations proposed under the EC’s taxonomy draft, part of a set of policy initiatives called the…

January 10, 2022
LNG Cargoes Continue Diverting Toward Europe

LNG Cargoes Continue Diverting Toward Europe

Liquefied natural gas (LNG) tankers previously en route to Asia are still diverting toward Europe as the western part of the continent continues to deal with reduced pipeline flows and low storage inventories that have supported high prices. After diverted LNG vessels made headlines last month, market research firm Kpler has continued to track 14…

January 7, 2022
Shell’s LNG Trading Arm Said to Benefit from Global Natural Gas Price Gains

Shell’s LNG Trading Arm Said to Benefit from Global Natural Gas Price Gains

Lifted by soaring prices, Royal Dutch Shell plc’s liquefied natural gas (LNG) trading results for the final three months of 2021 are forecast to be “significantly higher” sequentially, the European major said Friday.  The world’s largest LNG trader provided the outlook in an interim report ahead of quarterly and year-end results, which are set to…

January 7, 2022
Gazprom Defends European Deliveries as Natural Gas Prices Climb on Supply Concerns

Gazprom Defends European Deliveries as Natural Gas Prices Climb on Supply Concerns

Gazprom PJSC said in a report to Russian President Vladimir Putin last week that it continues to fulfill all contractual obligations for shipping natural gas to Europe, which has been desperate for the fuel this winter.  “As usual, Gazprom has been providing reliable gas supplies to our consumers in Russia and abroad,” said Gazprom’s Alexey…

January 6, 2022
European Natural Gas Prices Bounce Back on Supply Outlook – LNG Recap

European Natural Gas Prices Bounce Back on Supply Outlook – LNG Recap

European natural gas prices finished higher for the first time in eight days on Monday as the market once again focused on supply shortfalls this winter. A wave of liquefied natural gas (LNG) cargoes has been landing on the continent as traders looked to capitalize on soaring prices in recent weeks that hit a record…

January 3, 2022

European Natural Gas Prices Down Again – The Offtake

A roundup of news and commentary from NGI’s LNG Insight European natural gas prices fell for a seventh consecutive day on Thursday. Warmer weather, more LNG deliveries and a decline in industrial demand continued weighing on prices that recently hit record highs of about $60/MMBtu. British and Dutch futures declined by about $3 Thursday, when…

December 30, 2021
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