Europe

Egypt has resumed loading LNG cargoes after months of absence from the export market, adding a further supply buffer for Europe as prices continue dipping. A ship controlled by TotalEnergies SE loaded at the Idku liquefied natural gas terminal in Egypt Thursday (10/5) before making a possible voyage to an import terminal in Europe, according…

Global natural gas prices declined Monday, driven lower by mild temperatures and easing supply concerns. Sunday kicked off the winter heating season in Europe, but unusually warm temperatures are forecast over the next two weeks. Norwegian natural gas production also continues to rebound after weeks of maintenance that lasted longer than expected. Exports were nominated…

Israel continues to review which transportation route is best to export natural gas to Europe, with a final decision on the path expected sometime next year.  Israeli Prime Minister Benjamin Netanyahu recently met with Greek Prime Minister Kyriakos Mitsotakis and Cyprus’ President Nikos Christodoulides to discuss how to get more natural gas to Europe. Netanyahu…

The recent arrival of France’s first floating regasification and storage unit (FSRU) at the port of  Le Havre comes as high gas stocks and a rebound in nuclear power output have limited the country’s need for natural gas.  “Given the current healthy gas stock situation and improved nuclear availability in France, we would expect the…

Global natural gas prices ticked higher on Monday driven partly by ongoing supply fears as winter approaches. Norwegian exports to the rest of Europe continue to gradually ramp back up. Nominations were at 254 million cubic meters (MMcm) on Monday and closer to normal levels of over 300 MMcm. That’s up from 175.9 MMcm a…

Natural gas buying at prices linked to dominant benchmarks like Henry Hub, the Japan-Korea Marker and the Dutch Title Transfer Facility hit record levels last year as buyers scrambled to secure supplies amid one of the worst energy crises in decades, according to the International Gas Union (IGU). The increase in global gas-on-gas competition (GOG)…

Despite continued supply volatility over the next several years, European natural gas prices could fall next summer by 20% from current prices as high storage and soft demand play out in the market, according to Wood Mackenzie. In the consultancy’s short-term outlook report,  researchers said the Dutch Title Transfer Facility (TTF) price could fall by…

Ukraine’s natural gas storage inventories are growing with European traders sending more supply to the country as stocks elsewhere on the continent are brimming.  Ukraine Energy Minister German Galushchenko said Wednesday on the social media platform Telegram that foreign traders had pumped 1.8 billion cubic meters (Bcm), or about 64 Bcf, into the country’s underground…

Global natural gas markets were tepid Tuesday despite growing risks of Australian LNG work stoppages. While the global natural gas community gathered in Singapore for the start of the Gastech 2023 conference, workers at Chevron Corp.’s Gorgon and Wheatstone liquefied natural gas terminals disclosed plans for walkouts. Representatives for the Offshore Alliance said workers could…