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European Natural Gas Prices Surge to Four-Month High on Supply Squeeze – LNG Recap

European Natural Gas Prices Surge to Four-Month High on Supply Squeeze – LNG Recap

European natural gas prices hit their highest point in months on Tuesday, extending a series of gains as the continent continues to face the threat of supply shortages on a number of fronts. A prolonged shutdown of the Freeport liquefied natural gas (LNG) export terminal in the United States, reduced flows from Russia on the…

July 5, 2022
European Benchmarks Hit Fresh Highs on ICE Amid Push to Secure More Natural Gas

European Benchmarks Hit Fresh Highs on ICE Amid Push to Secure More Natural Gas

German and Italian natural gas futures listed on the Intercontinental Exchange (ICE) hit fresh highs in May amid a scramble in Europe to secure supplies in the months since Russia invaded Ukraine.  European benchmark Title Transfer Facility futures saw 2.8 million lots traded last month, up 5% from April. ICE added that German Trading Hub…

June 29, 2022
Supply Constraints Create Step Change Up for European Gas, Asian LNG

Supply Constraints Create Step Change Up for European Gas, Asian LNG

Russian pipe gas flows to Europe fell again and will likely remain heavily curtailed over the coming weeks. This was a key driver behind price rises at the ICIS TTF which in turn lifted the ICIS East Asia Index (EAX) back to prices last seen in March.

June 24, 2022
Global Natural Gas Prices Swing with Freeport LNG Offline – LNG Recap

Global Natural Gas Prices Swing with Freeport LNG Offline – LNG Recap

Last week’s explosion that knocked the Freeport liquefied natural gas (LNG) export terminal offline continued to test the global gas market Monday, as prices in the United States were down and the supply disruption combined with others to push prices higher in Europe.   Freeport LNG Development LP said it expects the terminal, which provides four…

June 13, 2022
High Natural Gas Prices Have Asian Buyers Still Reticent Despite European LNG Slowdown

High Natural Gas Prices Have Asian Buyers Still Reticent Despite European LNG Slowdown

The wave of liquefied natural gas (LNG) cargoes headed to Europe has started to slow as storage on the continent rises, but there are signs that extreme prices could be delaying an anticipated ramp up from Asian buyers. Instead, more volumes of LNG have been steadily heading to destinations like Brazil, according to research from…

June 3, 2022
ICE Reports Jump in LNG, European Natural Gas Trades Amid Volatility

ICE Reports Jump in LNG, European Natural Gas Trades Amid Volatility

Additional volatility in the global natural gas market set off by Russia’s invasion of Ukraine earlier this year is driving liquidity in global benchmarks that continues to set new highs, particularly in Europe, according to the Intercontinental Exchange (ICE).  Open interest in Italian Punto di Scambio Virtuale (PSV) gas futures was up 169% year/year from…

June 1, 2022
European Natural Gas Prices Hit Three-Month Low – LNG Recap

European Natural Gas Prices Hit Three-Month Low – LNG Recap

Natural gas prices in Europe on Monday slumped to their lowest level since Russia invaded Ukraine in February as weak demand and the steady arrival of liquefied natural gas (LNG) cargoes have combined to weigh down benchmarks.  Storage inventories are filling rapidly as the continent races to displace Russian supplies. Inventories were at about 43%…

May 23, 2022
TTF Sees Weekly Gain on Russian Flow Cut, as Asian Market Drops

TTF Sees Weekly Gain on Russian Flow Cut, as Asian Market Drops

European TTF prices opened down on Thursday morning after a strong start to the week triggered by news that Russia would stop pipeline gas exports to Poland and Bulgaria.

April 29, 2022
EQT Exploring Equity Stake in LNG Export Capacity, Deals With Overseas Gas Buyers

EQT Exploring Equity Stake in LNG Export Capacity, Deals With Overseas Gas Buyers

EQT Corp. is in discussions with multiple liquefied natural gas (LNG) end-users across the world and may invest in liquefaction capacity as the call for U.S. exports grows.  The country’s largest natural gas producer already sells volumes to U.S. export terminals. It moves 1 Bcf/d from the Appalachian Basin to the Gulf Coast. However, the…

April 28, 2022
Asian LNG Demand Continuing to Fall, as More Cargoes Head to Europe

Asian LNG Demand Continuing to Fall, as More Cargoes Head to Europe

Liquefied natural gas (LNG) demand across Asia has weakened considerably in recent weeks, dragging down forecasts for global consumption this year and leaving less competition for European buyers eager to displace Russian energy supplies. “We are entering into negative territory,” said analyst Gergely Molnar of the International Energy Agency (IEA). The global energy watchdog expects…

April 21, 2022
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