Europe

Global natural gas demand remained weak as floating inventories built at sea and prices in Europe and Asia continued falling as the week got underway.  The May Title Transfer Facility (TTF) shed a penny on Monday, while spot LNG prices in Asia dropped below $12/MMBtu to their lowest point in nearly two years.  In Europe,…

Click here to listen to the latest episode of NGI’s Hub & Flow podcast. NGI’s Jacob Dick, associate editor of LNG, talks with Ira Joseph, global fellow with Columbia University’s Center on Global Energy Policy, about the global LNG price risks that are still abound despite a relatively calm winter. Europe’s rush to replace Russian…

Royal Vopak NV plans to expand its ownership in LNG import terminals and invest in capacity expansions at the Gate terminal as it expects Europe to shift to long-term supply relationships with gas exporters. The company is planning to acquire a 50% stake in the Eemshaven liquefied natural gas import terminal in the Netherlands in…

Pockets of spot LNG demand continue emerging across Asia, particularly among price-sensitive natural gas buyers, but the market remains loose heading into summer as larger buyers across the region and in Europe remain on the sidelines.  Thailand’s PTT LNG Co. Ltd. bought nine summer cargoes for about $13/MMBtu in a tender that closed last week,…

Notwithstanding the fact that temperatures in Northwest Europe can stay cool through April or later, March 31 is a good date to think of as the “end of winter” for European gas markets.

Labor strikes continue to impact LNG import terminals and upend energy flows in France, which is being forced to tap into its natural gas stocks as vessels head elsewhere amid the disruptions. The strikes broke out a month ago, impacting ports, power production, air travel, refineries and other key aspects of the economy. No vessels…

The surprise decision over the weekend by OPEC-plus countries to further cut crude production helped keep a rally in European natural gas prices alive as concerns over fuel supplies again bubbled up as the week got underway. The slump in natural gas prices amid a mild winter has made the fuel more competitive with oil…

The European Union (EU) has reached a tentative agreement to accelerate the rollout of renewable energy and cut the bloc’s dependence on fossil fuels.  The deal between the European Parliament and the European Council would boost renewable energy’s share of the EU’s energy consumption to 42.5% by 2030, up from the current binding target of…

Excelerate Energy Inc. is looking for more opportunities to grow its nascent LNG portfolio, but not only with U.S. projects, as it expands its role as a global natural gas supplier. CEO Steven Kobos said during a fourth quarter earnings call that the company, headquartered in The Woodlands near Houston, had pivoted its “near-term commercial…