Europe

Global natural gas prices continued falling on Monday, extending last week’s losses amid ample supplies and mild weather forecasts. In Europe, the benchmark Title Transfer Facility (TTF) declined by nearly 7% as the week got underway. The prompt month finished Monday near $14/MMBtu.  Storage inventories on the continent are at 99.6% of capacity, compared to…

In July of last year, facing the prospect of its first winter without access to LNG supply, the European Commission (EC) sent the deputy director of its energy department on a fact finding mission to Nigeria.

Egypt’s government said Sunday that its natural gas imports have stopped as Israel intensified its fight against Hamas in Gaza.  Natural gas prices in Asia and Europe stabilized Monday after declines last week. The market again braced for the possibility of a broader conflict in the Middle East.  Egypt said Sunday that gas supplied from…

Despite record high European Union (EU ) natural gas storage levels and lower prices, the bloc’s executive arm may extend an emergency limit on the cost of gas that was implemented earlier this year to avoid any potential price hikes this winter. The European Commission (EC) is reportedly considering an extension as an investigation of…

Algeria is keeping its promise to supply Europe with additional natural gas as the continent continues replacing Russian imports.  Algeria LNG exports reached record highs during the first nine months of this year, increasing 35% year-over-year to 9.94 million tons (Mt), according to Kpler data.  Algeria liquefied natural gas exports are being supported by a…

European natural gas prices inched higher Monday as the threat of a broader conflict in the Middle East offset a warmer forecast and ample supplies on the continent.  The December Title Transfer Facility (TTF) contract added about a nickel and again finished above $17/MMBtu. TTF is about 30% higher than it was before Israel declared…

The rally in European natural gas prices lost steam on Monday with a warmer weather forecast and ample Norwegian production offsetting the prospect of a broader conflict erupting in the Middle East.  The benchmark Title Transfer Facility (TTF) declined 10% Monday and finished just below $15/MMBtu after charging higher last week following Israel’s declaration of…

Israel’s war against Hamas has done little so far to disrupt global natural gas supply balances, but a confluence of factors have combined in a short period of time to shatter the perceived sense of calm that had prevailed over the market heading into winter. “I don’t think fundamentals have changed at all, however, sentiment…

Natural gas is not included in the initial phase of the world’s first carbon import tax in the European Union (EU) that kicked off this month, but plans to start charging tariffs on specific imports by 2026 has raised political and economic issues for companies in and outside of the bloc. The first round of…