Europe

The spread between the European TTF and the East Asia Index (EAX) further narrowed in the past two weeks, as Asian demand rose, especially in south Asia and Japan. The market saw a flurry of Asian tenders for summer deliveries, narrowing the price spread.

Following a supply deal in April, Italy plans to reduce reliance on Russian fossil fuels by investing in Algeria’s natural gas and green hydrogen and by expanding its import infrastructure with two floating storage and regasification units (FSRUs). Italy is one of Europe’s largest natural gas consumers. It has three LNG import terminals with a…

Imports of liquefied natural gas (LNG) in South America are down this year with energy alternatives such as hydropower serving as their replacement. Kpler analyst Ryhana Rasidi told NGI that around 2.6 million tons (Mt) of LNG has landed on the continent this year as of the end of May. That’s 0.99 Mt lower than…

U.S. exports of liquefied natural gas (LNG) to Europe surged during the first four months of 2022 as countries across the continent clamored for American supplies amid Russia’s invasion of Ukraine, the Energy Information Administration (EIA) said Tuesday. The demand trend, well established, continues as countries throughout Europe try to wean themselves of Russian gas…

European natural gas prices continued their decline Tuesday as storage inventories on the continent appeared on track to fill by the end of summer. The prompt Title Transfer Facility (TTF) contract has shed nearly $5 over the last week. While liquefied natural gas (LNG) arrivals have slowed somewhat, they remain well above deliveries at this…

Click here to listen to the latest episode of NGI’s Hub & Flow podcast. NGI’s Patrick Rau, director of strategy and research, analyzes international efforts to boost liquefied natural gas (LNG) output and diversify energy supplies.  Rau focuses on expanding U.S. and Mexico LNG export projects and whether U.S. natural gas producers can meet the…

Israel has released a new bid round for offshore natural gas exploration licenses as it moves to aid Europe and boost its position as a regional energy hub. Israel’s Ministry of Energy has mapped around 25 exploration blocks in the Mediterranean Sea that will be grouped into six clusters for bid. The process could officially…

The wave of liquefied natural gas (LNG) cargoes headed to Europe has started to slow as storage on the continent rises, but there are signs that extreme prices could be delaying an anticipated ramp up from Asian buyers. Instead, more volumes of LNG have been steadily heading to destinations like Brazil, according to research from…

A majority of Americans favor expanding natural gas production and exporting large amounts of liquefied natural gas (LNG) to Europe as the continent works to reduce its reliance on Russian energy supplies, according to a recent Pew Research Center poll. Pew found that 61% of Americans favor more natural gas production and exports to allies…