Europe

Deep Freeze Arrives in Europe, Pushing Natural Gas Prices Higher – LNG Recap

Deep Freeze Arrives in Europe, Pushing Natural Gas Prices Higher – LNG Recap

Bitter cold forecast for parts of Europe this week is set to bring the first major test of the winter heating season for the continent’s gas market and its robust storage inventories.  The UK’s National Balancing Point and the Dutch Title Transfer Facility (TTF) both gained about 3% on Tuesday and settled above $40/MMBtu. The…

December 6, 2022
Trafigura Lands $3B Loan to Supply Germany with Natural Gas, LNG

Trafigura Lands $3B Loan to Supply Germany with Natural Gas, LNG

Global commodities trader Trafigura Group Pte. Ltd. has secured a $3 billion loan backed by the German government to help secure more natural gas for the country.  Trafigura would supply the gas to Germany’s Securing Energy for Europe (Sefe), a former Gazprom PJSC unit that the country nationalized and recapitalized earlier this year. The first…

December 5, 2022
Colder Weather Lifts LNG Prices as Europe’s Premium to Asia Widens

Colder Weather Lifts LNG Prices as Europe’s Premium to Asia Widens

LONDON (ICIS) – Forecasts of colder temperatures in northeast Asia lifted the ICIS East Asia Index (EAX) on Thursday, in contrast to its downward trajectory throughout most of the week.

December 2, 2022
How Is Post-Brexit Europe Building Natural Gas Alliances for Energy Security? Listen Now to NGI’s Hub & Flow

How Is Post-Brexit Europe Building Natural Gas Alliances for Energy Security? Listen Now to NGI’s Hub & Flow

Click here to listen to the latest episode of NGI’s Hub & Flow, which delves into how Europe is working to fill the gap in natural gas supply ahead of winter. NGI’s Associate Editor Jacob Dick and Senior Energy Analyst Shaylon Stolk discuss how the post-Brexit European Union is building international alliances to meet its…

December 2, 2022
Ineos Enters Global Natural Gas Trade in LNG Deal with Sempra

Ineos Enters Global Natural Gas Trade in LNG Deal with Sempra

Sempra Infrastructure and a unit of UK’s Ineos Group Ltd. have inked a long-term sales and purchase agreement (SPA) for 1.4 million metric tons/year (mmty)  of LNG from the proposed Port Arthur export project southeast of Houston.  The liquefied natural gas arm of San Diego-based Sempra said Ineos agreed to a 20-year SPA, formalizing a…

December 1, 2022
South Asian LNG Buyers Said Locked Out of Spot Market as Winter Approaches

South Asian LNG Buyers Said Locked Out of Spot Market as Winter Approaches

South Asian LNG buyers, particularly Pakistan and Bangladesh, are finding it difficult to pay high spot prices as the region moves into the winter season. Meanwhile, India has too much of the super-chilled fuel because domestic consumers refuse to pay top dollar. Asian liquefied natural gas spot prices jumped last week, hitting a seven-week high,…

December 1, 2022
Gazprom Keeps Natural Gas Flowing Through Ukraine, Pushing TTF Lower – LNG Recap

Gazprom Keeps Natural Gas Flowing Through Ukraine, Pushing TTF Lower – LNG Recap

European natural gas prices declined on Monday, when supply concerns were eased by Gazprom PJSC, which did not reduce the supplies it’s shipping through Ukraine after warning of cuts last week. The January contract fell by 1% after Gazprom said conditions had been met to keep moving gas at current levels into Ukraine, one of…

November 28, 2022
EU Leaders Unveil ‘Safety Ceiling’ to Protect Against Volatile Natural Gas Price Swings

EU Leaders Unveil ‘Safety Ceiling’ to Protect Against Volatile Natural Gas Price Swings

The European Commission (EC) has proposed a bloc-wide ceiling on natural gas prices linked to Europe’s benchmark in an effort to stanch massive financial volatility, potentially sending ripple effects across global gas markets. In a proposal outlined by the European Union’s (EU) executive branch Tuesday, the Commission could institute a “safety price” mechanism by the…

November 22, 2022
Storage Inventories, LNG Supply Keep Lid on European Prices Despite Cold Snap – LNG Recap

Storage Inventories, LNG Supply Keep Lid on European Prices Despite Cold Snap – LNG Recap

Cold weather has finally arrived in Europe, necessitating some of the season’s first natural gas storage withdrawals and lifting prompt prices.  The Title Transfer Facility (TTF) finished last week higher on colder forecasts and the gains held Monday, when the December contract finished 30 cents higher at $34.87/MMBtu. Other winter contracts fell with storage inventories…

November 21, 2022
Floating Storage Reaches Into January as LNG Market Awaits Colder Weather

Floating Storage Reaches Into January as LNG Market Awaits Colder Weather

LONDON (ICIS) — Price spreads between Europe and Asia widened earlier in the week but had narrowed again by 16 November.

November 18, 2022
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