U.S. natural gas futures swung on Monday as the market continued to weigh conflicting information about when Freeport LNG might return to service. While Henry Hub ultimately finished higher, a rally earlier in the day fizzled after Bloomberg cited anonymous sources who said the terminal would likely cancel shipments scheduled for November and December. The…
Europe
Articles from Europe
Once Again, OPEC Cuts Global Oil Demand Forecast Amid Recession Headwinds
OPEC slashed its global crude oil demand outlook for a second consecutive month, citing slowing economic activity in the United States and Europe as well as ongoing pandemic-related lockdowns in China and geopolitical upheaval linked to Russia’s war in Ukraine. In its closely watched monthly market report, the cartel on Monday lowered its forecast for…
November 14, 2022
What is Mexico Doing to Improve Energy Supply? Listen Now to NGI’s Hub & Flow
Click here to listen to the latest episode of NGI’s Hub & Flow. NGI Latin America editor Christoper Lenton sits down with Mexico energy expert Rosanety Barrios to talk about Mexico’s natural gas market in light of global turmoil after Russia’s invasion of Ukraine. Lenton and Barrios discuss how Mexico is now competing for natural…
November 14, 2022
Can Natural Gas Carry the Post-Coal Electricity Market? – Listen Now to NGI’s Hub & Flow
Click here to listen to the latest episode of NGI’s Hub & Flow, which delves into Europe’s current energy crisis, the post-coal power market and what this could mean for the future of natural gas. In this episode, NGI Senior Energy Analyst Shaylon Stolk lays out the status of coal-fired power generation and the intersection…
November 9, 2022
Uniper Sees LNG as Stabilizing Force After Record Losses from Russian Natural Gas Curtailment
Germany’s Uniper SE reported record losses from January to September as it was battered by Russia’s curtailment of natural gas volumes, but management said the firm is on a path to stability with LNG as a stepping stone. Uniper, Germany’s largest importer of Russian gas, has been navigating a geopolitical and economic crisis since before…
November 4, 2022
Europe Faces 1 Tcf Natural Gas Shortfall Next Winter, IEA Warns
Europe could face a 30 billion cubic meter (Bcm) natural gas shortfall for the 2023-2024 winter if the European Union (EU) doesn’t start planning ahead now, the International Energy Agency (IEA) said in a report released Thursday. That’s the equivalent of about 1 Tcf of natural gas. And even though European gas storage facilities are…
November 4, 2022
TTF’s Premium Over Asian Spot LNG Price Narrows Sharply
HOUSTON (ICIS) – The TTF front-month contract has fallen by 31% since the start of October.
November 4, 2022
BP Touts ‘Exceptional’ Natural Gas Marketing, Trading Results; Sees More Price Volatility Ahead
BP plc is forecasting continued high prices and volatility in the natural gas market through year-end, following an “exceptional” third quarter for its gas marketing and trading business, management said Tuesday. Breaking down the supermajor’s quarterly results on a conference call, CFO Murray Auchincloss said that reduced Russian pipeline imports to Europe “led to sharp…
November 1, 2022
European, Asian Natural Gas Prices Steady on Firm Supplies – LNG Recap
Natural gas prices in Europe and Asia have leveled off amid warmer weather and strong storage stocks in both regions. In Europe, where inventories are at 94% of capacity, temperatures are expected to remain mild next week, according to Maxar’s Weather Desk. Above normal temperatures are expected in big gas consuming regions like France, Germany…
October 31, 2022
Mild Weather Holds Back Natural Gas Forwards Prices
Reflecting forecast maps that showed early winter cold largely confined to western portions of the Lower 48, regional natural gas forwards underwent a mix of changes during the Oct. 20-26 trading period, NGI’s Forward Look data show. Fixed prices at benchmark Henry Hub picked up 14.4 cents to trade at $5.611/MMBtu for November delivery, finding…
October 28, 2022
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