Europe

TotalEnergies SE posted big gains on the global commodities rally in the third quarter, tapping its integrated structure to supply a world short on energy and sharply reversing the losses it sustained during the pandemic downturn last year. “The global economic recovery, notably in Asia, drove all energy prices sharply higher in the third quarter…

With limited global supplies and robust demand entering the peak winter season, Raymond James analysts this week boosted their already bullish natural gas price forecasts for this year and 2022. Analysts J.R. Weston and John Freeman said they raised their full-year 2021 Henry Hub average price forecast 6% to $3.70/MMBtu and their expectation for next…

Russia has factored heavily into the global dialogue surrounding this year’s energy shortages, particularly as it relates to the country’s role as the leading supplier of natural gas to Europe. Weather patterns, supply chain issues, production outages and the pandemic, among other things, have collided to create shortages of everything from coal and natural gas…

U.S. liquefied natural gas (LNG) exports are not to blame for the sharp spike in Henry Hub prices, according to a leading trade group.  “The idea that LNG is having some outsized impact on price is mathematically impossible when we actually start to dig into this,” said Executive Director Charlie Riedl of the Center for…

European natural gas prices jumped Monday after Russia booked little additional pipeline capacity to move more supplies to the continent next month. Gazprom PJSC booked no additional capacity for November through Ukraine during an auction Monday. The company took only about 35% of the available capacity via Belarus and Poland next month. The auction’s results…

While the prospect of a cold winter is threatening to send an energy market already in crisis spiraling further, efforts in China to secure the supplies it needs to get through the season could make matters worse. China is the world’s largest energy consumer, and it has rapidly transformed into a natural gas-buying behemoth in…

The Gate liquefied natural gas (LNG) import terminal in the Netherlands plans to add another 1 billion cubic meters (Bcm) of annual regasification capacity to serve growing demand.  The expansion would boost overall capacity at the facility to 13.5 Bcm annually, or roughly 477 Bcf/year, along with recently announced expansions. The additional send-out capacity is…

A roundup of news and commentary from NGI’s LNG Insight U.S. natural gas exports are needed across the world as buyers face shortages, the Biden administration said. “There’s a natural gas shortage around the world, hence the need for the United States to continue to export natural gas,” said White House Press Secretary Jen Psaki…

Global natural gas prices remain high, but they were largely stable Monday and Tuesday after an extraordinary stretch of chaotic trading last week. National Balancing Point and Title Transfer Facility (TTF) futures closed higher Tuesday as the market appeared unable to find its footing after last week. Milder weather over the next six to 10…