Europe

The floating storage and regasification unit Hoegh Gannet could soon be headed for Brunsbuettel, Germany to serve as the country’s third operating import terminal, RWE AG reported.

The 122 billion cubic meters (Bcm) of natural gas that Norway produced in 2022 is projected to continue at the same level for the “next four to five years,” a relief for Europe as it seeks to replace Russian gas, according to the Norwegian Petroleum Directorate (NPD). “The disappearance of Russian gas on the European…

The European Union’s (EU) energy regulator plans to publish a daily LNG price assessment starting Friday as part of policies established last year to create a bloc-wide benchmark. The EU Agency for the Cooperation of Energy Regulators (ACER) was ordered to begin publishing price assessments by Jan. 13 after the European Commission (EC) passed new…

Ten years have passed since Cheniere Energy Inc. ushered in the era of modern U.S. LNG exports by sanctioning the first two liquefaction trains at the Sabine Pass terminal in Louisiana.

An unseasonably warm winter and ample LNG imports are dampening expectations for high volatility when European countries start restocking natural gas reserves this spring, but risk still abounds for a region facing a tight supply outlook for years to come. Headed into winter, the market faced the possibility of harsh weather and China’s return to…

European natural gas prices climbed higher Monday, breaking from the sharp losses of recent weeks as the market weighs increased competition with Asia for LNG and colder weather forecasted for later in the month.  The February Title Transfer Facility (TTF) contract gained 7% Monday to finish above $23/MMBtu. It remains at pre-war levels, but above…

European natural gas prices hit the lowest level since 2021 on Tuesday as warmer weather has eased concerns that the region won’t have enough of the fuel to make it through winter.  The Dutch Title Transfer Facility (TTF) February contract fell to nearly $22/MMBtu on Tuesday. That’s a low not seen since November 2021 before…

Robert Anderson, executive director of the Committee of Chief Risk Officers (CCRO), sees strong parallels between the global LNG trade and the U.S. natural gas market of the 1980s and 1990s following deregulation. His group wants to make the global gas business more transparent.  The nonprofit was formed after the collapse of Enron Corp. to…

Sempra Infrastructure said Tuesday it has finalized a deal to sell an affiliate of German utility RWE AG 2.25 million metric tons/year (mmty) of LNG from the first phase of its proposed Port Arthur export project in Jefferson County, TX. The liquefied natural gas would be sold for 15 years on a free-on-board basis, a…