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Comfortable Balances, Mild Weather Keep Lid on Global Natural Gas Prices – LNG Recap

Comfortable Balances, Mild Weather Keep Lid on Global Natural Gas Prices – LNG Recap

Global natural gas prices continued their spiral Monday as weather patterns across the Northern Hemisphere again shifted warmer, preserving ample stocks and further easing supply concerns.  In Europe, the prompt Title Transfer Facility (TTF) contract slid 6.4% on Monday to close near $11/MMBtu. The contract dipped 4.3% last week despite an agreement among lawmakers late…

December 11, 2023
Chesapeake Working to Diversify LNG Supply Deals, Gain Price Exposure in Asia, Europe

Chesapeake Working to Diversify LNG Supply Deals, Gain Price Exposure in Asia, Europe

While Chesapeake Energy Corp. works to finalize its natural gas supply deals with LNG buyers, management says it’s narrowing down opportunities to link more of its Haynesville and Marcellus shale supply to international benchmarks in the months to come. Chesapeake currently has tentative agreements with liquefied natural gas traders that could link up to 3…

December 6, 2023
Natural Gas Prices ‘Under Significant Pressure’ Across Northern Hemisphere – LNG Recap

Natural Gas Prices ‘Under Significant Pressure’ Across Northern Hemisphere – LNG Recap

Mild weather and ample natural gas supplies again combined Monday to drag down natural gas prices across the northern hemisphere.  “Natural gas prices are under significant pressure to open the week with global benchmarks tumbling across U.S. and European markets,” said Schneider Electric analyst Robbie Frasier.  “Much of that weakness can be attributed to continually…

December 4, 2023
Ample Supplies Outweigh Cold Snap in Europe to Drag Down Natural Gas Prices – LNG Recap

Ample Supplies Outweigh Cold Snap in Europe to Drag Down Natural Gas Prices – LNG Recap

A shot of cold weather that settled in over the weekend across parts of Europe did little to lift natural gas prices in the region, where concerns about the winter heating season have continued to ease amid a surplus of supplies.  The December Title Transfer Facility (TTF) contract fell 6% from its close on Friday…

November 27, 2023
Growing Conflict in the Middle East, Cooler Temperatures Spike Global Natural Gas Prices – LNG Recap

Growing Conflict in the Middle East, Cooler Temperatures Spike Global Natural Gas Prices – LNG Recap

Global natural gas prices edged upward despite limited activity on the market as traders weighed the potential winter supply risk from a widening war in the Middle East and colder forecasts. European and East Asian benchmark prices jumped Monday, reversing last week’s downward slope as hefty storage levels and mild weather continued to drag on…

November 20, 2023
Natural Gas Flows to Freeport LNG Reduced Again After Reported Issue at Train 3 – LNG Recap

Natural Gas Flows to Freeport LNG Reduced Again After Reported Issue at Train 3 – LNG Recap

Global prices remained steady for the weekend as international buyers continue to monitor the winter outlook, but another potential disruption at Freeport LNG could help stoke anxiety. Nominated flows of feed gas to the facility on the Gulf South Pipeline system, Freeport’s primary supply route, dropped to 54% of design capacity on Thursday and remained…

November 13, 2023
Strong Supplies, Mild Weather Push Global Natural Gas Prices Lower – LNG Recap

Strong Supplies, Mild Weather Push Global Natural Gas Prices Lower – LNG Recap

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…

November 6, 2023
European Natural Gas Prices Gain as Egypt Says Pipeline Imports Stop – LNG Recap

European Natural Gas Prices Gain as Egypt Says Pipeline Imports Stop – LNG Recap

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…

October 30, 2023
TTF Rally Pauses as Market Weighs Mild Weather, Strong Norwegian Output – LNG Recap

TTF Rally Pauses as Market Weighs Mild Weather, Strong Norwegian Output – LNG Recap

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…

October 16, 2023
European Natural Gas Prices Rally on Extended Norwegian Supply Outages – LNG Recap

European Natural Gas Prices Rally on Extended Norwegian Supply Outages – LNG Recap

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…

September 25, 2023
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