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Russia Pressured by IEA to Ease Europe’s Natural Gas Crisis

Russia Pressured by IEA to Ease Europe’s Natural Gas Crisis

The International Energy Agency (IEA) said Tuesday market fundamentals rather than the energy transition are to blame for record natural gas prices in Europe, but it stressed that Russia could be doing more to help ease the crisis.  European natural gas prices increased by nearly 16% Monday, with the front-month UK benchmark finishing close to…

September 21, 2021
Tropical Storm Nicholas Shuts Down Freeport LNG, Threatens Other U.S. Export Terminals — LNG Recap

Tropical Storm Nicholas Shuts Down Freeport LNG, Threatens Other U.S. Export Terminals — LNG Recap

Tropical Storm Nicholas, which moved onshore Texas early Tuesday, has temporarily shut down the Freeport liquefied natural gas (LNG) terminal south of Houston, and is projected to sweep over all of the Gulf Coast’s major export facilities in the coming days. The storm’s turn toward Louisiana may threaten exports at a time when the global…

September 14, 2021
Natural Gas Forward Prices Explode as Ida Adds to ‘Precarious’ Storage Outlook

Natural Gas Forward Prices Explode as Ida Adds to ‘Precarious’ Storage Outlook

Though long gone from the Gulf Coast, Hurricane Ida’s devastation continued across the eastern United States ahead of the Labor Day weekend, wiping out significant production and causing widespread power outages along the way. Supply’s slow expected recovery fueled bullish momentum across natural gas forward curves for the trading period ending Sept. 1, resulting in…

September 3, 2021
European Natural Gas Tumbles as Norwegian Supplies Bounce Back — LNG Recap

European Natural Gas Tumbles as Norwegian Supplies Bounce Back — LNG Recap

European natural gas prices fell again on Monday and weighed down those in Asia as pipeline imports increased and the market gained more clarity on when exactly Russia’s Nord Stream 2 (NS2) pipeline might start operations.  Norwegian supplies climbed upward Monday as more capacity returned from the Troll Field, where maintenance has limited volumes. Construction…

August 23, 2021
LNG Market Seen Tightening Further With Little Relief in Sight as Winter Nears

LNG Market Seen Tightening Further With Little Relief in Sight as Winter Nears

This winter is shaping up to be one of the tightest in years for the global natural gas market as strong demand has continued throughout the year and left inventories woefully short.  Liquefied natural gas (LNG) supply disruptions in Angola, Brunei, Nigeria and Trinidad and Tobago, to name a few, have also led to incremental…

August 20, 2021

European Natural Gas Falls as NS2 Signals Start of Operations This Year — The Offtake

A roundup of news and commentary from NGI’s LNG Insight European natural gas prices fell Thursday amid signs that Russia could begin shipping natural gas to the continent via the Nord Stream 2 (NS2) pipeline this year. Gazprom PJSC said the line is 99% finished and would be capable of shipping 5.6 billion cubic meters…

August 19, 2021
European Natural Gas Prices Hit Another Record on Russian Supply Concerns — LNG Recap

European Natural Gas Prices Hit Another Record on Russian Supply Concerns — LNG Recap

European natural gas prices again set records Monday as Russian pipeline imports were poised to fall further next month, exacerbating fears that the continent would be short of supplies this winter as storage inventories remain low.  Gazprom PJSC booked a fraction of the 15 million cubic meters (MMcm) of firm transportation capacity available through Ukraine…

August 16, 2021
Demand for U.S. Natural Gas Exports to Surge Through 2021, EIA Says

Demand for U.S. Natural Gas Exports to Surge Through 2021, EIA Says

With robust demand from both Europe and Asia for U.S. supplies of liquefied natural gas (LNG) and strong levels of pipeline deliveries to Mexico, the Energy Information Administration (EIA) forecasted that U.S. gas exports would exceed imports by an average of 11.0 Bcf/d in 2021. That would mark a nearly 50% jump from the 2020…

August 16, 2021
Vortexa’s New LNG Chief Sees Strong ‘Momentum’ in Global Natural Gas Market

Vortexa’s New LNG Chief Sees Strong ‘Momentum’ in Global Natural Gas Market

Vortexa Ltd.’s Felix Booth, head of liquefied natural gas (LNG), doesn’t expect the global market to loosen anytime soon as supplies remain scarce and demand rebounds from lows of the Covid-19 pandemic.  Based in Singapore, Booth recently joined energy analytics firm Vortexa, which is aiming to cast a wider net in the evolving LNG business.…

August 12, 2021
Global Natural Gas Prices Slip After Record-Setting Stretch — LNG Recap

Global Natural Gas Prices Slip After Record-Setting Stretch — LNG Recap

Natural gas prices across the world tumbled on Monday, correcting after a stretch of gains that saw some benchmarks again set records last week. In Europe, prices closed lower across the curve. The Title Transfer Facility hit a record last week, when the prompt contract finished at nearly $15/MMBtu. Pipeline imports were largely stable on…

August 9, 2021
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