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European Natural Gas Prices Hit Highest Level in Over a Decade — LNG Recap

European Natural Gas Prices Hit Highest Level in Over a Decade — LNG Recap

Hot weather and limited supplies helped drive European natural gas prices to a 12-year high late last week in a rally that continued Monday. The prompt Title Transfer Facility (TTF) contract closed Friday at $10.237/MMBtu and finished higher on Monday at a level not seen since 2008. European gas prices have been strong since the…

June 21, 2021
Global Oil, Gas Prices Climb Higher as Demand Strengthens — LNG Recap

Global Oil, Gas Prices Climb Higher as Demand Strengthens — LNG Recap

European natural gas prices rebounded Monday after falling from multi-year highs late last week, as low storage inventories and strong demand in Asia continue supporting prices on the continent. The prompt Title Transfer Facility (TTF), Europe’s leading gas benchmark, hit a multi-year high of $10.241/MMBtu Thursday before falling to finish the week Friday at $9.883.…

June 14, 2021
Hot Weather, Low Storage Inventories Continue Driving Global Demand for Natural Gas — LNG Recap

Hot Weather, Low Storage Inventories Continue Driving Global Demand for Natural Gas — LNG Recap

Global natural gas prices were mixed on Monday, picking up where they left off last week, but the outlook remains strong as bullish market fundamentals in Europe, Asia and South America remain largely unchanged. The front-month National Balancing Point and Title Transfer Facility contracts in Europe traded sideways last week, but they remained stable around…

June 7, 2021
ICE Reports TTF, JKM Setting Records as LNG Market ‘Matures’

ICE Reports TTF, JKM Setting Records as LNG Market ‘Matures’

Intercontinental Exchange Inc. (ICE) reported new records in trading activity at European and Asian natural gas hubs as the global export market heats up. Dutch Title Transfer Facility (TTF) futures achieved record open interest of about 1.94 million contracts on May 26, representing a 21% increase year/year, according to ICE. The benchmark earlier in May…

June 3, 2021
Warmer Forecasts Push Up Global Natural Gas Prices — LNG Recap

Warmer Forecasts Push Up Global Natural Gas Prices — LNG Recap

Global natural gas prices moved higher Tuesday, recovering losses late last week as a warmer shift in forecasts was seen lifting demand in places like the United States and Asia.  In Europe, where colder spring weather has been driving abnormal heating demand for this time of year, temperatures are heating up. Natural gas prices on…

June 1, 2021
Supply Issues, Strong Demand Push Natural Gas Prices Higher in Asia, Europe — LNG Recap

Supply Issues, Strong Demand Push Natural Gas Prices Higher in Asia, Europe — LNG Recap

European and Asian natural gas prices are recovering from last week’s losses as supply concerns and strong buying have spurred gains so far this week.  In Europe on Tuesday near-curve prices closed higher for both the Title Transfer Facility and National Balancing Point contracts through August.   Russian gas giant Gazprom PJSC reportedly did not take…

May 25, 2021
Dutch Natural Gas Futures Set Record on ICE as Benchmark Increasingly Used in Global Trade

Dutch Natural Gas Futures Set Record on ICE as Benchmark Increasingly Used in Global Trade

Intercontinental Exchange Inc. (ICE) said its Title Transfer Facility (TTF) futures contract, a leading European natural gas benchmark that’s become increasingly tied to global trade of the fuel, reached an all-time open interest record of 1.93 million contracts earlier this month.  Open interest for TTF, or the number of outstanding derivative contracts that serves as…

May 24, 2021
Asian, European Natural Gas Prices Hit Fresh Highs as Regions Compete for Supply — LNG Recap

Asian, European Natural Gas Prices Hit Fresh Highs as Regions Compete for Supply — LNG Recap

Asian and European natural gas prices on Tuesday soared to multi-month highs, continuing a run of strength as demand remained unseasonably high. Tuesday’s gains came after the prompt Title Transfer Facility benchmark finished Monday at $8.973/MMBtu and the prompt National Balancing Point broke through the $9.00 barrier to hit $9.05 after a stretch of continued…

May 11, 2021
TTF, JKM Move Higher as Asia, Europe Compete for Natural Gas — LNG Recap

TTF, JKM Move Higher as Asia, Europe Compete for Natural Gas — LNG Recap

European and Asian natural gas prices continued moving higher last week and again finished strong on Monday as the regions competed for supplies.  Lingering cold in Europe, along with a drop in pipeline imports and a rise in the Japan-Korea Marker (JKM) contract, are supporting prices on the continent, where storage inventories remain about 25%…

May 3, 2021
Global Natural Gas Prices Sputter, but Stronger Outlook Remains Unchanged — LNG Recap

Global Natural Gas Prices Sputter, but Stronger Outlook Remains Unchanged — LNG Recap

A rally in Asian and European natural gas prices lost steam last week, but fundamentals remain unchanged as the coming months are still expected to be tight.  European futures closed higher on Tuesday, recovering some of last week’s losses as the near-term curve was lifted by lingering cold, weak Russian pipeline imports and ongoing strength…

April 27, 2021
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