Europe

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.

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…

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…

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,…

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…

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…

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…

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

Even as a mild start to European winter and a glut of LNG cargoes calm natural gas prices on the continent, governments are urging greater gas conservation as the risks of spiking demand pile up. European Union natural gas storage is currently above 95%, ahead of the bloc’s 80% target for winter, as the region…