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European natural gas prices declined on Monday, when supply concerns were eased by Gazprom PJSC, which did not reduce the supplies it’s shipping through Ukraine after warning of cuts last week. The January contract fell by 1% after Gazprom said conditions had been met to keep moving gas at current levels into Ukraine, one of…

Cold weather has finally arrived in Europe, necessitating some of the season’s first natural gas storage withdrawals and lifting prompt prices.  The Title Transfer Facility (TTF) finished last week higher on colder forecasts and the gains held Monday, when the December contract finished 30 cents higher at $34.87/MMBtu. Other winter contracts fell with storage inventories…

As the top natural gas producer in Canada, Tourmaline Oil Corp. flowed 2.2 Bcf/d throughout the third quarter of 2022, with next year’s output expected to average 2.5 Bcf/d. Natural gas exports to the United States played a starring role in the company’s growth, and long-distance trading results have earned an American regulatory trophy. The…

Santos Ltd. management said strong domestic natural gas demand and persisting high global LNG prices helped the company continue breaking performance records in the third quarter as it navigated progress and potential setbacks for its major projects. Like other integrated Australian producers, Santos has had to straddle the line between heightened global demand for liquefied…

Natural gas futures took a breather Wednesday following a two-day rally at the front of the curve that lifted the prompt-month contract amid technically oversold conditions. Despite some intraday volatility, the November Nymex contract closed out Wednesday’s session at $5.606, off only seven-tenths of a penny from Tuesday’s close. December natural gas futures slipped 4.7…

Asia spot prices have fallen this week, with the December ‘22 ICIS East Asia Index (EAX) down more than 20% on 20 October from one week ago.

LNG continues to flood Europe, pushing the Title Transfer Facility (TTF) to a three-month low in intraday trading on Monday when the prompt month contract again finished lower.  Fundamentals on the continent are comfortable for the moment, with storage inventories nearly 91% full and above the five-year average. Warmer weather is also expected to continue…

The price spread between the ICIS East Asia Index (EAX) and Dutch TTF widened over the week, with East Asian spot prices dipping on high utility inventory levels in Japan and the latest tender cargo awards from south and southeast Asia.

Despite South Korea’s plan to boost the use of nuclear energy in the country’s power generation mix by 2030, LNG will continue to play an important role in the government’s new energy strategy.  President Yoon Suk-yeol was elected in March and is a strong supporter of nuclear energy. He plans to reduce the country’s dependence…