Click here to listen to the latest episode of NGI’s Hub & Flow. Spark Commodities CEO Tim Mendelssohn joins NGI’s Jamison Cocklin, editor of LNG Insight, to discuss the growing gap between the price of LNG landing in Europe and pipeline hubs on the continent like the Title Transfer Facility. The conversation also touches on…
Europe
Articles from Europe
As Europe Prepares for Winter, Natural Gas Market Fears ‘Worst May Be Yet to Come’
Europe is expected to have enough natural gas to get through the winter, but a set of variables leaves the continent facing “unprecedented risks” that could have even deeper repercussions next year and beyond. Natural gas storage inventories on the continent are nearly full. Preserving those stockpiles, particularly during the depths of winter, depends on…
LNG Vessels Floating Offshore Europe Multiplying as Customers Stash Natural Gas Before Winter
An unprecedented number of LNG vessels are floating offshore Europe as regasification terminal congestion and whipsawing prices further complicate the supply situation. At least 22 ships loaded with liquefied natural gas had been moored on Wednesday for more than five days around European regasification hubs, according to data from Kpler. The majority of the ships…
IEA Adds Another Warning to World About Europe’s Long-Term Natural Gas Supply Woes
Moderating prices and favorable storage data do not tell the whole story of Europe’s natural gas status heading into winter, International Energy Agency (EIA) Executive Director Fatih Birol said, citing Russia and fallout from its protracted war in Ukraine. Following recent meetings with European leaders – including Czech Prime Minister Petr Fiala, Finnish Prime Minister…
EU Countries Ponder Natural Gas Price Cap Despite Confusion
European Union (EU) energy ministers will likely weigh proposals for natural gas price caps and other protective measures after weeks of questions from members, but researchers expect a consensus will be hard fought. Leaders from the 27 EU member countries are expected to meet Thursday and Friday to possibly implement a price cap on gas,…
TTF Keeps Big Premium to East Asian Spot LNG
SINGAPORE (ICIS) — After a period of relative weakness, the ICIS TTF November ‘22 market rose by 3% on Wednesday with a similar gain early on Thursday as the premium to East Asia remained very wide.
Could Natural Gas Supply Issues in Algeria, Nigeria Impact Europe?
Production and capacity issues in Algeria and Nigeria could impact future natural gas pipeline and LNG exports to Europe, complicating buyers’ hopes that contracted supplies can help bridge the gap caused by the shutdown on Nord Stream 1. Liquefied natural gas is projected to meet about half of Europe’s gas demand through 2030, according to…
European Natural Gas Prices Mixed Amid Flood of Supplies, Market Intervention – LNG Recap
LNG continues to flood Europe, pushing the Title Transfer Facility (TTF) to a three-month low in intraday trading on Monday when the prompt month contract again finished lower. Fundamentals on the continent are comfortable for the moment, with storage inventories nearly 91% full and above the five-year average. Warmer weather is also expected to continue…
Specter of Recession Looms Large Over Global Natural Gas, Oil Markets
Threats of recession in the United States and across Europe are gathering force amid festering inflation and rapidly rising interest rates, developments that already tapered oil consumption and could impact commercial and industrial natural gas demand. The latest indicator: The U.S. Labor Department on Friday reported the job market remains tight but hiring is slowing.…
European Prices Retain Wide Premium Over Asian Spot LNG
LONDON (ICIS) – Global LNG prices remained volatile over the week, initially falling on firm supply, before picking up due to outages in Asia and a drop in gas deliveries in Europe.